Barnett Bank, National Association in Jacksonville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 08, 1998

  • Barnett Bank, National Association in Jacksonville, Florida (FL)
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Barnett Bank, National Association - Overview

  • General
  • FDIC Certificate #: 3566
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of America, National Association (#15802)
    Federal Reserve ID: 182232
    Date Established: May 07, 1877
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 589 (Interstate: No)
    FDIC's unique #: 2258
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 08, 1998
    Last Structure Change Process Date: October 20, 1998
    Last Data Update: October 20, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 50 North Laura Street, Jacksonville, FL 32203
    County: Duval
    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): Jacksonville, FL (#3600)
    Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
    CBSA Metro Statistical Area: Jacksonville, FL (#27260)
  • Financial Summary
  • Total assets: $42,432.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 18,807Total employees (full-time equivalent)
  • $42,828,483Total assets
  • $3,391,100Cash and due from depository institutions
  • $100Interest-bearing balances
  • $3,225,860Securities
  • $63,025Federal funds sold & reverse repurchase agreements
  • $30,548,393Net loans & leases
  • $476,385Loan loss allowance
  • $29,726Trading account assets
  • $930,856Bank premises and fixed assets
  • $26,913Other real estate owned
  • $850,821Goodwill and other intangibles
  • $0Life insurance assets
  • $3,761,789All other assets
  • $42,828,483Total liabilities and capital
  • $38,877,992Total liabilities
  • $34,778,612Total deposits
  • $27,358,910Interest-bearing deposits
  • $34,778,612Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,652,420Federal funds purchased & repurchase agreements
  • $30,095Trading liabilities
  • $664,845Other borrowed funds
  • $66,600Subordinated debt
  • $685,420All other liabilities
  • $3,950,491Total equity capital
  • $3,950,491Total bank equity capital
  • $3,950,491Perpetual preferred stock
  • $0Common stock
  • $26,000Surplus
  • $2,094,183Undivided profits
  • Memoranda
  • $1,830,308Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $229,221Earning assets
  • $0Long-term assets (5+ years)
  • $223,819Average Assets, year-to-date
  • $33,838,399Average Assets, quarterly
  • $4,456,872Volatile liabilities
  • $41,323,817Insider loans
  • $42,253,320FHLB advances
  • $5,332,569Loans and leases held for sale
  • $69,312Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $375,255Total risk weighted assets
  • $14,332,841Total unused commitments
  • $0Restructured Loans and leases
  • $33,225,835Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $2,982,057Total interest income
  • $1,116,221Total interest expense
  • $1,865,836Net interest income
  • $150,277Provision for loan and lease losses
  • $1,047,944Total noninterest income
  • $83,924Fiduciary activities
  • $272,286Service charges on deposit accounts
  • $3,562Trading account gains & fees
  • $688,172Additional noninterest income
  • $1,979,964Total noninterest expense
  • $848,361Salaries and employee benefits
  • $272,701Premises and equipment expense
  • $858,902Additional noninterest expense
  • $783,539Pre-tax net operating income
  • $1,744Securities gains (losses)
  • $276,909Applicable income taxes
  • $508,374Income before extraordinary items
  • $0Extraordinary gains - net
  • $508,374Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $150,850Sale, conversion, retirement of capital stock, net
  • $550,000Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.67%Yield on earning assets
  • 3.24%Cost of funding earning assets
  • 5.42%Net interest margin
  • 3.05%Noninterest income to earning assets
  • 5.75%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.90%Pretax return on assets
  • 13.68%Return on equity (ROE)
  • -1.12%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 99.62%Credit loss provision to net charge-offs
  • 6.19%Efficiency ratio
  • 66,454Assets per employee
  • 2.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 108.19%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 207.83%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 87.84%Net loans and leases to core deposits
  • 95.07%Equity capital to assets
  • 9.22%Core capital (leverage) ratio
  • 7.69%Tier 1 risk-based capital ratio
  • 9.42%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $41,323,817Average earning assets
  • $3,716,894Average equity
  • $34,405,809Average loans

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