BRANNEN BANK in Inverness, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


BRANNEN BANK - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 123Total employees (full-time equivalent)
  • $404,382Total assets
  • $46,532Cash and due from depository institutions
  • $30,317Interest-bearing balances
  • $123,535Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $221,978Net loans & leases
  • $3,875Loan loss allowance
  • $0Trading account assets
  • $5,233Bank premises and fixed assets
  • $2,891Other real estate owned
  • $0Goodwill and other intangibles
  • $404,382Life insurance assets
  • $4,213All other assets
  • $364,913Total liabilities and capital
  • $360,825Total liabilities
  • $292,996Total deposits
  • $360,825Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $88Subordinated debt
  • $39,469All other liabilities
  • $39,469Total equity capital
  • $39,469Total bank equity capital
  • $0Perpetual preferred stock
  • $1,440Common stock
  • $24,096Surplus
  • $13,933Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,013Income earned, not collected on loans
  • $0Earning assets
  • $1,412Long-term assets (5+ years)
  • $375,830Average Assets, year-to-date
  • $221,990Average Assets, quarterly
  • $409,180Volatile liabilities
  • $412,600Insider loans
  • $155,369FHLB advances
  • $411,299Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $30,371Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,186Restructured Loans and leases
  • $8,322Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,338Total interest income
  • $1,461Total interest expense
  • $14,877Net interest income
  • $2,200Provision for loan and lease losses
  • $2,280Total noninterest income
  • $0Fiduciary activities
  • $1,291Service charges on deposit accounts
  • $0Trading account gains & fees
  • $989Additional noninterest income
  • $10,832Total noninterest expense
  • $5,246Salaries and employee benefits
  • $1,265Premises and equipment expense
  • $4,321Additional noninterest expense
  • $4,125Pre-tax net operating income
  • $1,220Securities gains (losses)
  • $0Applicable income taxes
  • $5,345Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,345Net income attributable to bank
  • $0Net charge-offs
  • $5,345Cash dividends
  • $1,483Sale, conversion, retirement of capital stock, net
  • $3,350Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.29%Yield on earning assets
  • 0.38%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 2.84%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 16.01%Return on equity (ROE)
  • 5.98%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 148.35%Credit loss provision to net charge-offs
  • 4.27%Efficiency ratio
  • 63,135Assets per employee
  • 3.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.68%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 77.30%Noncurrent assets plus other real estate owned to assets
  • 1.95%Noncurrent loans to loans
  • 2.22%Net loans and leases to deposits
  • 61.52%Net loans and leases to core deposits
  • 66.76%Equity capital to assets
  • 9.76%Core capital (leverage) ratio
  • 7.38%Tier 1 risk-based capital ratio
  • 19.55%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $409,180Average earning assets
  • $33,379Average equity
  • $380,765Average loans

List of branches

  • 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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