Statewide Bank
Covington, LA · Owner: Algiers Bcorp Inc
$243M
total assets, December 31, 2009
$243M
total assets, December 31, 2009
Statewide Bank was a state nonmember bank in Covington, LA, owned by Algiers Bcorp Inc. It failed on Mar 12, 2010, and Home Bank took over its deposits. At its last report it held $243.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Mar 12, 2010
- Assets
- $243M
- Deposits
- $208M
- Estimated cost
- $26.1M
- Deposits went to
- Home Bank, Lafayette, LA
Total assets
$243M
-11.6% in a year · -4.2% in a quarter
Deposits
$208M
-5.2% in a year · -2.5% in a quarter
Loans
$157M
-16.7% in a year · -4.6% in a quarter
Profit so far
-$9.5M
Jan 1 to Dec 31, 2009
Capital ratio
1.96%
-5.06 pts in a year
Return on assets
-3.66%
-3.36 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 2008 Ronald Reagan Highway, Covington, LA, 70433
- County
- St. Tammany
- Holding company
- Algiers Bcorp Inc
- Established
- Jan 1, 1926
- Failed
- Mar 12, 2010
- Employees
- 65
- Branches
- 7
- Id
- b29561
Quarter by quarter
March 31, 1984 to December 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Statewide Bank?
$243.2 million in total assets and $207.8 million in deposits as of December 31, 2009, with assets down 11.6% from a year before. Its loans were $156.8 million.
How many branches does Statewide Bank have?
7 branches in Louisiana as of June 30, 2026.
Is Statewide Bank profitable?
No: it lost $9.52 million from January 1 to December 31, 2009. Its return on assets was -3.66% a year; about 1% is typical.
Who owns Statewide Bank?
Statewide Bank is owned by Algiers Bcorp Inc, its holding company.
When did Statewide Bank fail?
Mar 12, 2010. Home Bank of Lafayette, LA took over its deposits. The estimated cost of the failure was $26.1 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.