The Olla State Bank
Olla, LA · Owner: Olla Bancshares Inc
$23.6M
total assets, June 30, 1989
$23.6M
total assets, June 30, 1989
The Olla State Bank was a state nonmember bank in Olla, LA, owned by Olla Bancshares Inc. It failed on Oct 5, 1989, and Jonesville Bank & Trust Com took over its deposits. At its last report it held $23.6 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Oct 5, 1989
- Assets
- $23.6M
- Deposits
- $22.9M
- Estimated cost
- $3.6M
- Deposits went to
- Jonesville Bank & Trust Com, Jonesville, LA
Total assets
$23.6M
-22.7% in a year · -1.8% in a quarter
Deposits
$22.9M
-19.4% in a year · -2.1% in a quarter
Loans
$11.0M
-25.6% in a year · -4.5% in a quarter
Profit so far
-$372K
Jan 1 to Jun 30, 1989
Capital ratio
1.21%
-3.96 pts in a year
Return on assets
-3.06%
+1.42 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- Main Street, Olla, LA, 71465
- County
- Lasalle
- Holding company
- Olla Bancshares Inc
- Established
- Sep 5, 1933
- Failed
- Oct 5, 1989
- Employees
- 16
- Id
- b11787
Quarter by quarter
March 31, 1984 to June 30, 1989
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 The Olla State Bank?
$23.6 million in total assets and $22.9 million in deposits as of June 30, 1989, with assets down 22.7% from a year before. Its loans were $11.0 million.
Is The Olla State Bank profitable?
No: it lost $372,000 from January 1 to June 30, 1989. Its return on assets was -3.06% a year; about 1% is typical.
Who owns The Olla State Bank?
The Olla State Bank is owned by Olla Bancshares Inc, its holding company.
When did The Olla State Bank fail?
Oct 5, 1989. Jonesville Bank & Trust Com of Jonesville, LA took over its deposits. The estimated cost of the failure was $3.63 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.