Synergy Bank
Houma, Louisiana · FDIC Cert #34978
Synergy Bank is an FDIC-insured bank (Certificate #34978) with $1.2B in total assets and $1.0B in total deposits as of the Q2 2024 Call Report. Headquartered in Houma, Louisiana, the bank maintains a Tier 1 capital ratio of 0.00% (Critically Undercapitalized) and a nonperforming loan ratio of 2.52%. BankHealthData assigns a composite Health Grade of C (50/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Synergy Bank (FDIC cert 34978) is a mid-sized bank with $1.2B in total assets and $1.0B in deposits, based in Houma, Louisiana. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Tier 1 capital ratio is not disclosed in the most recent Call Report — unusual but possible for new institutions or those filing under specific regulatory exemptions. Asset quality is elevated: non-performing loan ratio of 2.52% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is comfortable: 31.9% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is strong: return on assets of 1.99% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Synergy Bank carries a composite BankHealth grade of C (50/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Synergy Bank
- Total Assets
- $1.2B
- Total Deposits
- $1.0B
- Tier 1 Capital Ratio
- 0.00%
- Capital Status
- Critically Undercapitalized
- Nonperforming Loans
- 2.52%
- Liquidity Ratio
- 31.92%
- Return on Assets
- 1.99%
- Headquarters
- Houma, Louisiana
- FDIC Certificate
- #34978
- Health Grade
- C (50/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Synergy Bank holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject Synergy Bank to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
Synergy Bank shows average financial health. While not alarming, its Health Score of 50/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Synergy Bank Compares
Synergy Bank’s Health Score of 50 is 13 points below the Louisiana state average of 63 across 93 FDIC-insured banks. Its 0.00% Tier 1 capital ratio is 14.0 points below the US banking industry average near 14%. The 2.52% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 1.99% is in line with or above the national ROA benchmark of ~1.1%. Among 917 similarly-sized banks, the average Health Score is 71, meaning this bank ranks below its size cohort. Site-wide, Synergy Bank is 20 points below the portfolio average of 70.
Frequently Asked Questions
Synergy Bank has a Bank Health Score of C (50/100), placing it in average financial health. It holds a Tier 1 capital ratio of 0.00%, which is below the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Synergy Bank's Tier 1 capital ratio of 0.00% and nonperforming loan ratio of 2.52% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Synergy Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #34978). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Synergy Bank holds $1.2B in total assets and $1.0B in total deposits. It is headquartered in Houma, Louisiana (FDIC Certificate #34978).
Synergy Bank has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.52%, and the return on assets is 1.99%.
Yes. Synergy Bank is FDIC-insured (Certificate #34978). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Synergy Bank's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.