American Bank and Trust in Lake Wales, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2004

  • American Bank and Trust in Lake Wales, Florida (FL)
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American Bank and Trust - Overview

  • General
  • FDIC Certificate #: 21919
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank and Trust (#5673)
    Federal Reserve ID: 873334
    Date Established: January 31, 1975
    WWW: http://www.abt-bank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 14488
    FDIC's unique #: 15188
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 31, 1975
    Last Structure Change Effective Date: June 01, 2004
    Last Structure Change Process Date: June 22, 2004
    Last Data Update: June 22, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 222 Highway 60 East, Lake Wales, FL 33853
    County: Polk
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Lakeland-Winter Haven, FL (#3980)
    Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460)
    CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
  • Financial Summary
  • Total assets: $125.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2003)

  • Dollar figures in thousands
  • 59Total employees (full-time equivalent)
  • $125,216Total assets
  • $6,923Cash and due from depository institutions
  • $1,051Interest-bearing balances
  • $28,141Securities
  • $2,905Federal funds sold & reverse repurchase agreements
  • $78,574Net loans & leases
  • $747Loan loss allowance
  • $0Trading account assets
  • $4,782Bank premises and fixed assets
  • $13Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,878All other assets
  • $125,216Total liabilities and capital
  • $114,968Total liabilities
  • $105,735Total deposits
  • $90,074Interest-bearing deposits
  • $105,735Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,600Other borrowed funds
  • $0Subordinated debt
  • $633All other liabilities
  • $10,248Total equity capital
  • $10,248Total bank equity capital
  • $10,248Perpetual preferred stock
  • $0Common stock
  • $1,081Surplus
  • $6,319Undivided profits
  • Memoranda
  • $2,848Noncurrent loans and leases
  • $12,719Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $149Earning assets
  • $0Long-term assets (5+ years)
  • $512Average Assets, year-to-date
  • $110,671Average Assets, quarterly
  • $17,845Volatile liabilities
  • $117,330Insider loans
  • $120,957FHLB advances
  • $9,729Loans and leases held for sale
  • $3,921Unused loan commitments
  • $8,600Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,719Total unused commitments
  • $0Restructured Loans and leases
  • $747Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $5,498Total interest income
  • $1,821Total interest expense
  • $3,677Net interest income
  • $173Provision for loan and lease losses
  • $1,588Total noninterest income
  • $505Fiduciary activities
  • $760Service charges on deposit accounts
  • $0Trading account gains & fees
  • $323Additional noninterest income
  • $4,578Total noninterest expense
  • $2,431Salaries and employee benefits
  • $764Premises and equipment expense
  • $1,383Additional noninterest expense
  • $514Pre-tax net operating income
  • $80Securities gains (losses)
  • $60Applicable income taxes
  • $534Income before extraordinary items
  • $0Extraordinary gains - net
  • $534Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $84Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 1.73%Cost of funding earning assets
  • 3.49%Net interest margin
  • 1.51%Noninterest income to earning assets
  • 4.35%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.51%Pretax return on assets
  • 5.31%Return on equity (ROE)
  • 5.31%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 205.95%Credit loss provision to net charge-offs
  • 8.18%Efficiency ratio
  • 86,952Assets per employee
  • 2.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 501.34%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 74.31%Net loans and leases to core deposits
  • 81.84%Equity capital to assets
  • 8.18%Core capital (leverage) ratio
  • 8.32%Tier 1 risk-based capital ratio
  • 12.79%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $117,330Average earning assets
  • $10,065Average equity
  • $105,285Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $44,786Managed Assets
  • 1Number of Accounts
  • $40,202Personal trust and agency accounts
  • $39,026Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,176Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 166Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,584Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,580Fiduciary accounts held in foreign offices

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