Ouachita Independent Bank

Headquarters

909 North 18th Street
Monroe, LA 71201
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Ouachita Independent Bank is an FDIC insured institution located in Monroe, LA. It was founded in 1997 and has approximately $0.7 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 34332
Date Established 1997
Assets $ 730.39 million
Loans $ 493.04 million
Deposits $ 600.48 million
Capital $ 79.76 million
 

For a more detailed analysis of Ouachita Independent Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Ouachita Independent Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.574% 2.500% 1.00 $2,445 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
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Note to Ouachita Independent Bank
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Branches

Ouachita Independent Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Ouachita Independent Bank Locations


Financial Details

Ouachita Independent Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ouachita Independent Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Ouachita Independent Bank U.S. Bank Average
1.23% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Ouachita Independent Bank had $1,043,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $79,764,000 in equity and $4,928,000 in loans loss reserves. That gives it a Texas Ratio of 1.23%.

Return on Equity
Ouachita Independent Bank U.S. Bank Average
15.86% 7.80%

Ouachita Independent Bank has a Return on Equity of 15.86% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Ouachita Independent Bank U.S. Bank Average
10.92% 12.68%

Ouachita Independent Bank has a Capitalization of 10.92% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Ouachita Independent Bank Balance Sheet Analysis

As of December 31, 2017, Ouachita Independent Bank had assets of $703,402,000, loans of $493,044,000, and deposits of $600,478,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 33.21 million
Interest-bearing balances $ 15.47 million
Total securities $ 146.86 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 493.04 million
Loan loss allowance $ 4.93 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 15.99 million
     Total Assets $ 623.64 million
LIABILITIES
Total deposits $ 600.48 million
      Interest-bearing deposits $ 417.93 million
      Deposits held in domestic offices $ 600.48 million
      % insured (estimated) 72.86%
Federal funds purchased and repurchase agreements $ 12.90 million
Trading liabilities N.A.
Other borrowed funds $ 2.99 million
Subordinated debt N.A.
All other liabilities $ 7.27 million
      Total Liabilities $ 623.64 million
      Shareholders’ Equity $ 106.75 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 28.80 million
Total Interest Expense $ 2.99 million
Net interest income $ 25.81 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 5.37 million
Total non interest expense $ 19.24 million
Pre-tax Net Operating Income $ 11.89 million

Bank Loan Profile?

The top three loan types in Ouachita Independent Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Louisiana, Ouachita Independent Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 17.42
Multifamily
Mortgages
0.94
Credit Card Loans 0.00
Consumer Auto Loans 0.18
Small Business Loans 11.32
Construction and Development Loans 11.04
Commercial Real Estate 49.25
Commercial and Industrial Loans 13.09
Farm Loans 3.32

Frequently Asked Questions About Ouachita Independent Bank

Branches and Savings

Is Ouachita Independent Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34332.

Why does Ouachita Independent Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Ouachita Independent Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Ouachita Independent Bank a commercial bank?

Yes

Where are Ouachita Independent Bank locations?

See branch locations nearby.

Is Ouachita Independent Bank open on Saturdays?

Is Ouachita Independent Bank open on Sundays?

What time does Ouachita Independent Bank open?

What time does Ouachita Independent Bank close?

Are Ouachita Independent Bank ATMs Open 24/7?

Do Ouachita Independent Bank ATMs accept cash deposits?

Can Ouachita Independent Bank customers use other ATMs?

Do Ouachita Independent Bank branches have notaries?

Will Ouachita Independent Bank notarize my document?

What address for Ouachita Independent Bank should I put for incoming ACH transfers?

Will the Ouachita Independent Bank branch print checks?

Do Ouachita Independent Bank checks expire?

Does Ouachita Independent Bank require US citizenship to open account?

Can Ouachita Independent Bank close my account?

Does Ouachita Independent Bank Report to credit bureaus?

Does Ouachita Independent Bank Use Equifax?

What is Ouachita Independent Bank's ACH Routing Number?

What is Ouachita Independent Bank's SWIFT code?

Products

Does Ouachita Independent Bank offer mortgages?

Compare mortgage rates here.

Does Ouachita Independent Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ouachita Independent Bank offer personal loans?

Compare personal loan rates here.

Does Ouachita Independent Bank offer student loans?

Will Ouachita Independent Bank cash a check?

Will Ouachita Independent Bank redeem a savings bond?

Does Ouachita Independent Bank cash savings bonds?

Will Ouachita Independent Bank cash money orders?

Can Ouachita Independent Bank issue a money order?

Does Ouachita Independent Bank do currency exchange?

Background on The Bank

Who owns Ouachita Independent Bank?

How long has Ouachita Independent Bank been around?

Can Ouachita Independent Bank transfer to other banks?

Does Ouachita Independent Bank have quick pay?

Does Ouachita Independent Bank accept rolled coins?

Will Ouachita Independent Bank accept loose change?

Where is Ouachita Independent Bank headquarters?

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