Bank at Ormond-By-The-Sea in Volusia County, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 13, 2000

  • Bank at Ormond-By-The-Sea in Volusia County, Florida (FL)
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Bank at Ormond-By-The-Sea - Overview

  • General
  • FDIC Certificate #: 21269
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 395630
    Date Established: October 16, 1973
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 9412
    FDIC's unique #: 14713
    Numeric code: 13
    Regulator: FED
    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: October 16, 1973
    Last Structure Change Effective Date: October 13, 2000
    Last Structure Change Process Date: November 15, 2000
    Last Data Update: November 15, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 1400 Ocean Shore Boulevard, Volusia County, FL 32174
    County: Volusia
    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
    Metropolitan Statistical Area (MSA): Daytona Beach, FL (#2020)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660)
    CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660)
  • Financial Summary
  • Total assets: $105.8 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 47Total employees (full-time equivalent)
  • $104,139Total assets
  • $5,729Cash and due from depository institutions
  • $83Interest-bearing balances
  • $42,578Securities
  • $1,450Federal funds sold & reverse repurchase agreements
  • $49,235Net loans & leases
  • $413Loan loss allowance
  • $0Trading account assets
  • $1,769Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,378All other assets
  • $104,139Total liabilities and capital
  • $97,328Total liabilities
  • $94,960Total deposits
  • $85,625Interest-bearing deposits
  • $94,960Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,368All other liabilities
  • $6,811Total equity capital
  • $6,811Total bank equity capital
  • $6,811Perpetual preferred stock
  • $0Common stock
  • $550Surplus
  • $1,445Undivided profits
  • Memoranda
  • $4,816Noncurrent loans and leases
  • $3,365Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1Earning assets
  • $0Long-term assets (5+ years)
  • $218Average Assets, year-to-date
  • $93,346Average Assets, quarterly
  • $7,521Volatile liabilities
  • $106,062Insider loans
  • $104,873FHLB advances
  • $7,755Loans and leases held for sale
  • $2,894Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,365Total unused commitments
  • $0Restructured Loans and leases
  • $413Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $6,787Total interest income
  • $3,145Total interest expense
  • $3,642Net interest income
  • $36Provision for loan and lease losses
  • $652Total noninterest income
  • $0Fiduciary activities
  • $320Service charges on deposit accounts
  • $0Trading account gains & fees
  • $332Additional noninterest income
  • $3,626Total noninterest expense
  • $2,018Salaries and employee benefits
  • $607Premises and equipment expense
  • $1,001Additional noninterest expense
  • $632Pre-tax net operating income
  • $15Securities gains (losses)
  • $246Applicable income taxes
  • $401Income before extraordinary items
  • $0Extraordinary gains - net
  • $401Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $27Sale, conversion, retirement of capital stock, net
  • $308Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.96%Yield on earning assets
  • 3.22%Cost of funding earning assets
  • 3.73%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.72%Noninterest expense to earning assets
  • 0.37%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 5.80%Return on equity (ROE)
  • 1.34%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 133.33%Credit loss provision to net charge-offs
  • 24.74%Efficiency ratio
  • 84,443Assets per employee
  • 2.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.81%Loss allowance to loans
  • 0.83%Loss allowance to noncurrent loans
  • 41300.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 51.85%Net loans and leases to core deposits
  • 56.46%Equity capital to assets
  • 6.54%Core capital (leverage) ratio
  • 6.67%Tier 1 risk-based capital ratio
  • 14.35%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $106,062Average earning assets
  • $6,918Average equity
  • $97,568Average loans

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