Question 1

What is Tensas State Bank?

Accepted Answer

Tensas State Bank is a community bank headquartered in Newellton, Louisiana, serving the rural communities of northeastern Louisiana. With approximately $185 million in total assets and $161 million in deposits, the bank specializes in agricultural lending and community banking services. As a state-chartered commercial bank with agricultural specialization, Tensas State Bank operates four full-service branch locations throughout Tensas Parish and the surrounding region.

The bank is a member of the Federal Deposit Insurance Corporation (FDIC) and operates as a subsidiary of Tensas Bancshares Inc., its parent holding company.

Question 2

When was Tensas State Bank founded?

Accepted Answer

Tensas State Bank was founded in 1922, establishing itself during a critical period in Louisiana's agricultural economy. The bank was created to serve the financial needs of farmers, planters, and rural communities in Tensas Parish, a region historically known as one of Louisiana's leading cotton-producing areas.

For over a century, the bank has evolved from serving primarily agricultural customers to offering a comprehensive range of modern banking services while maintaining its strong connection to the farming community and rural economy of northeastern Louisiana.

Question 3

Where is Tensas State Bank headquartered?

Accepted Answer

Tensas State Bank is headquartered at 307 Verona Street in Newellton, Louisiana. Newellton is located in Tensas Parish in northeastern Louisiana, near the Mississippi River.

The parish is historically significant as the site of Winter Quarters Plantation, where Union General Ulysses S. Grant and his troops spent the winter of 1862-1863 before the Vicksburg Campaign.

Question 4

Where does Tensas State Bank operate?

Accepted Answer

Tensas State Bank operates four full-service branches throughout northeastern Louisiana:
• Newellton (headquarters): 307 Verona Street
• Tallulah: 8 Crothers Drive
• St. Joseph: 921 Plank Road
• Vidalia: 1607 Carter Street

The bank's service area covers Tensas Parish and surrounding communities along the Mississippi River corridor, including portions of Madison and Concordia parishes. This strategic positioning allows the bank to serve rural agricultural communities as well as small-town retail and commercial customers throughout the region.

Question 5

What services does Tensas State Bank offer?

Accepted Answer

Tensas State Bank provides a comprehensive range of personal and commercial banking services:

Deposit Products:
• Traditional and interest-bearing checking accounts
• Money market accounts
• Savings accounts
• Individual Retirement Accounts (IRAs)
• Certificates of Deposit (CDs)

Lending Services:
• Commercial loans with agricultural specialization
• Real estate loans and mortgages
• Installment loans for consumer purposes
• Agricultural operating loans and equipment financing

Digital Banking:
• Tensas Mobile app for iOS and Android devices
• Online banking with 24/7 account access
• Mobile check deposit
• Bill Pay services
• Account alerts and notifications
• Fund transfers between accounts

Financial Tools:
• Mortgage calculators
• Savings calculators
• Loan calculators
• Personal finance calculators
• Tax calculators

The bank emphasizes personalized service and maintains strong relationships with local farmers, small businesses, and individual customers throughout its service area.

Question 6

What makes Tensas State Bank unique?

Accepted Answer

Tensas State Bank stands out for its century-long commitment to rural and agricultural banking in one of Louisiana's most historically significant cotton-growing regions. The bank has maintained its agricultural specialization designation, reflecting its expertise in farm lending, crop financing, and understanding the unique financial needs of agricultural operations.

With a return on assets (ROA) of approximately 1.05% and return on equity (ROE) of 9.43%, the bank demonstrates strong financial performance while serving a predominantly rural market. The bank employs approximately 25 people and maintains a community-focused approach, with deep roots in the local economy spanning over 100 years.

As a locally-owned institution operating under Tensas Bancshares Inc., the bank maintains decision-making authority within the communities it serves, allowing for responsive customer service and flexible lending decisions tailored to local agricultural cycles and economic conditions.

Question 7

What type of financial institution is Tensas State Bank?

Accepted Answer

Tensas State Bank is a state-chartered commercial bank with agricultural specialization. This designation reflects both its regulatory structure and its business focus.

As a state-chartered bank, Tensas State Bank is regulated by the Louisiana Office of Financial Institutions and the FDIC, rather than operating under a federal charter. The bank's agricultural specialization classification indicates that a significant portion of its loan portfolio is dedicated to farm and agricultural lending, serving farmers, ranchers, and agribusinesses throughout northeastern Louisiana.

The bank operates as an S-Corporation for tax purposes and does not have fiduciary powers. It is not a member of the Federal Reserve System, typical for many smaller community banks that maintain their primary relationships through correspondent banking networks.

Tensas State Bank

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About Tensas State Bank in the United States