Barnett Bank of Alachua County, National Association in Gainesville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 29, 1996

  • Barnett Bank of Alachua County, National Association in Gainesville, Florida (FL)
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Barnett Bank of Alachua County, National Association - Overview

  • General
  • FDIC Certificate #: 22293
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 329635
    Date Established: July 01, 1976
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Interstate: No)
    FDIC's unique #: 15503
    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: July 01, 1976
    Last Structure Change Effective Date: June 29, 1996
    Last Structure Change Process Date: July 11, 1996
    Last Data Update: July 11, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 2627 Northwest 43rd Street, Gainesville, FL 32602
    County: Alachua
    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): Gainesville, FL (#2900)
    Core Based Statistical Area (CBSA): Gainesville, FL (#23540)
    CBSA Metro Statistical Area: Gainesville, FL (#23540)
  • Financial Summary
  • Total assets: $501.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $156Total assets
  • $490,832Cash and due from depository institutions
  • $24,051Interest-bearing balances
  • $0Securities
  • $25,284Federal funds sold & reverse repurchase agreements
  • $20,500Net loans & leases
  • $397,728Loan loss allowance
  • $3,711Trading account assets
  • $0Bank premises and fixed assets
  • $11,523Other real estate owned
  • $356Goodwill and other intangibles
  • $11,028Life insurance assets
  • $362All other assets
  • $0Total liabilities and capital
  • $490,832Total liabilities
  • $450,443Total deposits
  • $441,585Interest-bearing deposits
  • $362,975Deposits held in domestic offices
  • 441585.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $5,150Trading liabilities
  • $0Other borrowed funds
  • $500Subordinated debt
  • $0All other liabilities
  • $3,208Total equity capital
  • $3,208Total bank equity capital
  • $40,389Perpetual preferred stock
  • $0Common stock
  • $1,100Surplus
  • $17,078Undivided profits
  • Memoranda
  • $22,211Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $946Income earned, not collected on loans
  • $2,688Earning assets
  • $443,512Long-term assets (5+ years)
  • $126,587Average Assets, year-to-date
  • $482,912Average Assets, quarterly
  • $490,160Volatile liabilities
  • $36,929Insider loans
  • $5,279FHLB advances
  • $0Loans and leases held for sale
  • $3,497Unused loan commitments
  • $100,238Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $39,942Total risk weighted assets
  • $368,037Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $37,906Total interest expense
  • $13,540Net interest income
  • $24,366Provision for loan and lease losses
  • $1,056Total noninterest income
  • $7,026Fiduciary activities
  • $0Service charges on deposit accounts
  • $4,196Trading account gains & fees
  • $5Additional noninterest income
  • $2,825Total noninterest expense
  • $17,330Salaries and employee benefits
  • $4,973Premises and equipment expense
  • $1,962Additional noninterest expense
  • $10,395Pre-tax net operating income
  • $13,006Securities gains (losses)
  • $0Applicable income taxes
  • $4,631Income before extraordinary items
  • $8,375Extraordinary gains - net
  • $0Net income attributable to bank
  • $8,375Net charge-offs
  • $1,086Cash dividends
  • $4,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.52%Cost of funding earning assets
  • 3.04%Net interest margin
  • 5.48%Noninterest income to earning assets
  • 1.58%Noninterest expense to earning assets
  • 3.90%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 2.69%Return on equity (ROE)
  • 21.45%Retained earnings to average equity (YTD only)
  • 11.21%Net charge-offs to loans
  • 0.27%Credit loss provision to net charge-offs
  • 97.24%Efficiency ratio
  • 54,963Assets per employee
  • 3.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.76%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 392.28%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 90.07%Net loans and leases to core deposits
  • 96.93%Equity capital to assets
  • 8.23%Core capital (leverage) ratio
  • 8.15%Tier 1 risk-based capital ratio
  • 10.85%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $482,912Average earning assets
  • $39,039Average equity
  • $444,704Average loans

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