BRANNEN BANK in Inverness, Florida (FL)



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BRANNEN BANK routing number info

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BRANNEN BANK
GeneralFDIC Certificate #: 5676
Status: Active
Federal Reserve ID: 760331
Bank Holding Company (Regulatory Top Holder): Brannen Banks Of Florida, Inc. (RSSDID: 1082375, Location: Inverness, FL)
Date Established: July 01, 1926
WWW: http://www.brannenbanks.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Domestic: 12, Interstate: No)
OTS Docket #: 9714
FDIC's unique #: 3862
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 02, 2008
Last Structure Change Process Date: March 04, 2008
Last Data Update: March 04, 2008
Data Source Date: April 05, 2012
LocationAddress: 320 Highway 41 South, Inverness, FL 34450
County: Citrus
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Gainesville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Homosassa Springs, FL (#26140)
CBSA Micro Statistical Area: Yes
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $404.4 mil
Equity capital: $39.5 mil
Deposits held in domestic offices: $360.8 mil
Return on assets (ROA): 1.31% ($5.3 mil)
Quarterly return on assets: 0.95% ($3.8 mil)
Return on Equity (ROE): 16.01% ($6.2 mil)
Quarterly return on equity: 9.90% ($3.9 mil)
Net income: $5.3 mil
Quarterly Net income: $1.0 mil
Pretax return on assets: 1.31% ($5,297.4 mil)
Quarterly Pretax return on assets: 0.95% ($3,841.6 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)123
Total assets$404,382
Cash and due from depository institutions$46,532
Interest-bearing balances$30,317
Securities$123,535
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$221,978
Loan loss allowance $3,875
Trading account assets$0
Bank premises and fixed assets$5,233
Other real estate owned$2,891
Goodwill and other intangibles$0
All other assets$4,213
Life insurance assets$404,382
Total liabilities and capital$364,913
Total liabilities$360,825
Total deposits$292,996
Interest-bearing deposits$360,825
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,000
Other borrowed funds $0
Subordinated debt $88
All other liabilities $39,469
Total equity capital$39,469
Total bank equity capital$39,469
Perpetual preferred stock$0
Common stock$1,440
Surplus$24,096
Undivided profits $13,933
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $5,013
Earning assets $0
Long-term assets (5+ years) $1,412
Average Assets, year-to-date $375,830
Average Assets, quarterly $221,990
Volatile liabilities $409,180
Insider loans $412,600
FHLB advances $155,369
Loans and leases held for sale $411,299
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $30,371
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,186
Derivatives$8,322
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,338
Total interest expense $1,461
Net interest income $14,877
Provision for loan and lease losses $2,200
Total noninterest income $2,280
Fiduciary activities $0
Service charges on deposit accounts $1,291
Trading account gains & fees $0
Additional noninterest income $989
Total noninterest expense $10,832
Salaries and employee benefits $5,246
Premises and equipment expense $1,265
Additional noninterest expense $4,321
Pre-tax net operating income $4,125
Securities gains (losses) $1,220
Applicable income taxes $0
Income before extraordinary items $5,345
Extraordinary gains - net $0
Net income attributable to bank $5,345
Net charge-offs $0
Cash dividends $5,345
Sale, conversion, retirement of capital stock, net $1,483
Net operating income $3,350
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.29%
Cost of funding earning assets 0.38%
Net interest margin 3.91%
Noninterest income to earning assets 0.60%
Noninterest expense to earning assets 2.84%
Net operating income to assets 1.01%
Return on assets (ROA) 1.31%
Pretax return on assets 1.31%
Return on equity (ROE) 16.01%
Retained earnings to average equity (YTD only) 5.98%
Net charge-offs to loans 0.62%
Credit loss provision to net charge-offs 148.35%
Efficiency ratio4.27%
Assets per employee$63,135
Cash dividends to net income (YTD only)3.29%
Condition Ratios (%)
Loss allowance to loans 62.68%
Loss allowance to noncurrent loans 1.72%
Noncurrent assets plus other real estate owned to assets 77.30%
Noncurrent loans to loans 1.95%
Net loans and leases to deposits2.22%
Net loans and leases to core deposits 61.52%
Equity capital to assets 66.76%
Core capital (leverage) ratio 9.76%
Tier 1 risk-based capital ratio 7.38%
Total risk-based capital ratio 19.55%
Memoranda
Average assets$21
Average earning assets$409,180
Average equity $33,379
Average loans $380,765
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12 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03862Brannen Bank320 Highway 41 South, Inverness, FL 34450July 01, 1926Full Service Brick and Mortar
2207986Downtown Branch200 West Main Street, Inverness, FL 34450July 26, 1976Full Service Brick and Mortar
3207987Beverly Hills BranchState Road 491, Beverly Hills, FL 34465August 15, 1977Full Service Brick and Mortar
4207988Floral City Branch7478 S. Florida Ave., Floral City, FL 34436November 10, 1980Full Service Brick and Mortar
5207989West Inverness Branch401 North Central Avenue, Inverness, FL 34453Febuary 01, 1985Full Service Brick and Mortar
6207990Hernando Branch2519 East Florida Avenue, Hernando, FL 34442May 04, 1993Full Service Brick and Mortar
738848Brooksville Branch1187 South Broad Street, Brooksville, FL 34601December 23, 1987Full Service Brick and Mortar
8261172West 50 Branch14300 Cortez Boulevard, Brooksville, FL 34613Febuary 12, 1990Full Service Brick and Mortar
913989Homosassa Branch4325 South Suncoast Boulevard, Homosassa, FL 34446December 15, 1970Full Service Brick and Mortar
1011312Crystal River Branch865 Ne Ushy 19, Crystal River, FL 34429January 15, 1954Full Service Brick and Mortar
11241309East Crystal River Branch6901 West Gulf-To-lake Highway, Crystal River, FL 34429March 01, 1985Limited Service Facility
1210623Dunnellon BranchU.S. Highway 41 North, Dunnellon, FL 34432August 01, 1946Full Service Brick and Mortar
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