First NBC Bank (merged into Whitney Bank)
First NBC Bank reported total assets of $3.3 bn at Q1 2017, its last Call Report before it merged into Whitney Bank. The CET1 capital ratio at First NBC Bank was -3.14%, and the uninsured share of First NBC Bank was 45.53%. Source: FDIC Call Reports.
What sets First NBC Bank apart
Nothing in the latest data sets First NBC Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is First NBC Bank?
The balance sheet of First NBC Bank at : assets $3.3 bn, deposits $3.0 bn, net loans $2.2 bn (loans equal to 72.82% of deposits). Securities make up 7.0% of total assets at First NBC Bank. Since , when First NBC Bank held $4.9 bn, its assets shrank 31.5%. In the year to , deposits at First NBC Bank fell 23.4% while its total assets fell 31.5%. At , First NBC Bank employed 504 full-time equivalent staff across 30 offices, about $6.6 mn of assets per employee and $101.1 mn of deposits per office.
How much funding at First NBC Bank is uninsured?
At First NBC Bank, uninsured deposits (above the FDIC limit) made up 45.53% of domestic deposits at (+15.51 pp on a year earlier). In dollars, First NBC Bank estimated $1.4 bn of uninsured deposits.
Key facts, Q1 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.0 bn | $4.0 bn (Q1 2016) | |
| Net loans and leases | $2.2 bn | $3.5 bn (Q1 2016) | |
| Loan-to-deposit ratio | 72.82% | 89.73% (Q1 2016) | |
| Tier 1 leverage ratio | -1.99% | 7.28% (Q1 2016) | |
| Total risk-based capital ratio | -1.73% | 9.24% (Q1 2016) | |
| Net interest margin | 2.47% | 3.09% (Q1 2016) | |
| Return on assets (ROA) | 3.15% | 1.97% (Q1 2016) | |
| Efficiency ratio | 50.73% | 102.94% (Q1 2016) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $1.8 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 21.99% | 4.46% (Q1 2016) | |
| Net charge-offs to average loans | -0.25% | 1.02% (Q1 2016) |
US rank of First NBC Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
First NBC Bank: assets, deposits and loans
- Total assets $3.3bn
- Deposits $3.0bn
- Net loans $2.2bn
Capital and securities
The CET1 ratio of First NBC Bank stood at -3.14% in , -11.10 pp year on year. Low and high at First NBC Bank since : -3.14% () to 7.96% (). Equity capital of First NBC Bank at : -$112.6 mn, or -3.4% of total assets. First NBC Bank also reported a total capital ratio of -1.73% for , and a tier 1 leverage ratio of -1.99%.
The available-for-sale portfolio of First NBC Bank showed an unrealized loss of $1.8 mn at ; the loss turned from a gain into a loss over the year.
First NBC Bank: capital ratios
- Total capital -1.7%
- CET1 -3.1%
- Tier 1 leverage -2.0%
First NBC Bank: unrealized securities gains and losses
- Available for sale -$2mn
- Held to maturity $0
Profitability and loan quality
At , noncurrent loans were 21.99% of total loans at First NBC Bank; net charge-offs: -0.25% of average loans. Gross loans and leases at First NBC Bank: $2.6 bn at , against $3.6 bn at .
First NBC Bank: profitability
- Return on equity -169%
- Net interest margin 2.5%
- Return on assets 3.1%
Peer group of First NBC Bank
The peer group of First NBC Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 4 share the charter type of First NBC Bank (state nonmember bank) and 0 have head offices in Louisiana. Against them, First NBC Bank shows CET1 ratio -3.14% against a peer median of 11.98% and uninsured deposit share 45.53% against a peer median of 30.39%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Midland States Bank | State member bank | IL | $3.4 bn | 11.35% | 9.58% | 30.39% | |
| Grandpoint Bank | State nonmember bank | CA | $3.4 bn | 11.55% | 8.80% | 46.64% | |
| Bank of Colorado | State nonmember bank | CO | $3.3 bn | 12.41% | 15.65% | 30.39% | |
| First NBC Bank | State nonmember bank | LA | $3.3 bn | -3.14% | not reported | 45.53% | |
| Park Sterling Bank | State nonmember bank | NC | $3.3 bn | 12.78% | 7.99% | 25.03% | |
| Byline Bank | State nonmember bank | IL | $3.3 bn | 13.33% | 6.76% | 5.88% | |
| The Bryn Mawr Trust Company | State member bank | PA | $3.3 bn | 10.58% | 9.04% | 31.71% | |
. FDIC Call Reports.
Last eight quarters
Two years at First NBC Bank, to : assets $4.9 bn to $3.3 bn, deposits $4.0 bn to $3.0 bn, equity $458.7 mn to -$112.6 mn. Staff 596 to 504; offices 40 to 30.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 |
|---|---|---|---|---|---|
| Total assets | $4.9 bn | $4.8 bn | $4.9 bn | $4.2 bn | $3.3 bn |
| Total deposits | $4.0 bn | $3.9 bn | $3.8 bn | $3.5 bn | $3.0 bn |
| Bank equity capital | $458.7 mn | $458.1 mn | $467.2 mn | -$141.7 mn | -$112.6 mn |
| CET1 ratio | 7.96% | 7.78% | 7.67% | -2.84% | -3.14% |
| Return on equity (ROE) | 21.04% | 12.61% | 11.16% | -169.27% | not reported |
| Uninsured share of domestic deposits | 30.02% | 30.10% | 33.39% | 39.06% | 45.53% |
| Full-time equivalent employees | 596 | 616 | 616 | 597 | 504 |
| Number of offices | 40 | 40 | 39 | 39 | 30 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of First NBC Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed State-Investors Bank (FDIC certificate 27626).
- . Merged into Whitney Bank (FDIC certificate 12441).
Questions and identifiers
What were the total assets of First NBC Bank?
First NBC Bank reported $3.3 bn at in its Call Report.
Is First NBC Bank the same as its holding company?
No. This page covers First NBC Bank, FDIC certificate 58302; FIRST NBC BANK HOLDING CO (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
When is data for First NBC Bank next updated?
First NBC Bank no longer files Call Reports; its data ends at .
Where can I check the figures for First NBC Bank?
In the FDIC BankFind Suite record for certificate 58302, and in the Call Reports of First NBC Bank (RSSD ID 3445769) at the FFIEC Central Data Repository.