Barnett Bank of Broward County, National Association in Fort Lauderdale, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 29, 1996

  • Barnett Bank of Broward County, National Association in Fort Lauderdale, Florida (FL)
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Barnett Bank of Broward County, National Association - Overview

  • General
  • FDIC Certificate #: 33582
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 1948024
    Date Established: April 01, 1992
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 72 (Interstate: No)
    FDIC's unique #: 47527
    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: April 01, 1992
    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: 1 East Broward Boulevard, Fort Lauderdale, FL 33301
    County: Broward
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Lauderdale, FL (#2680)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
  • Financial Summary
  • Total assets: $4,541.8 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)
  • $922Total assets
  • $4,639,542Cash and due from depository institutions
  • $402,503Interest-bearing balances
  • $0Securities
  • $676,124Federal funds sold & reverse repurchase agreements
  • $4,500Net loans & leases
  • $3,297,764Loan loss allowance
  • $36,766Trading account assets
  • $0Bank premises and fixed assets
  • $61,016Other real estate owned
  • $17,567Goodwill and other intangibles
  • $65,473Life insurance assets
  • $114,595All other assets
  • $0Total liabilities and capital
  • $4,639,542Total liabilities
  • $4,252,238Total deposits
  • $3,754,423Interest-bearing deposits
  • $3,124,820Deposits held in domestic offices
  • 3754423.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $449,193Trading liabilities
  • $0Other borrowed funds
  • $17,669Subordinated debt
  • $0All other liabilities
  • $30,953Total equity capital
  • $30,953Total bank equity capital
  • $387,304Perpetual preferred stock
  • $0Common stock
  • $3,200Surplus
  • $314,018Undivided profits
  • Memoranda
  • $70,086Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $27,810Income earned, not collected on loans
  • $20,714Earning assets
  • $3,978,388Long-term assets (5+ years)
  • $759,142Average Assets, year-to-date
  • $4,715,798Average Assets, quarterly
  • $4,573,836Volatile liabilities
  • $728,021Insider loans
  • $22,780FHLB advances
  • $0Loans and leases held for sale
  • $14,839Unused loan commitments
  • $1,633,752Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $268,900Total risk weighted assets
  • $3,019,615Total unused commitments
  • $0Restructured Loans and leases
  • $463,000Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $327,771Total interest expense
  • $145,412Net interest income
  • $182,359Provision for loan and lease losses
  • $18,383Total noninterest income
  • $41,528Fiduciary activities
  • $0Service charges on deposit accounts
  • $23,607Trading account gains & fees
  • $390Additional noninterest income
  • $17,531Total noninterest expense
  • $122,623Salaries and employee benefits
  • $30,630Premises and equipment expense
  • $12,732Additional noninterest expense
  • $79,261Pre-tax net operating income
  • $82,881Securities gains (losses)
  • -$16Applicable income taxes
  • $29,651Income before extraordinary items
  • $53,214Extraordinary gains - net
  • $0Net income attributable to bank
  • $53,214Net charge-offs
  • $11,800Cash dividends
  • $60,000Sale, 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
  • 7.72%Cost of funding earning assets
  • 3.42%Net interest margin
  • 4.29%Noninterest income to earning assets
  • 0.98%Noninterest expense to earning assets
  • 2.89%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 1.76%Return on equity (ROE)
  • 13.39%Retained earnings to average equity (YTD only)
  • -1.71%Net charge-offs to loans
  • 0.34%Credit loss provision to net charge-offs
  • 155.79%Efficiency ratio
  • 50,951Assets per employee
  • 5.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 112.75%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 132.20%Noncurrent assets plus other real estate owned to assets
  • 0.98%Noncurrent loans to loans
  • 0.83%Net loans and leases to deposits
  • 87.84%Net loans and leases to core deposits
  • 94.57%Equity capital to assets
  • 8.35%Core capital (leverage) ratio
  • 6.08%Tier 1 risk-based capital ratio
  • 8.91%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $4,715,798Average earning assets
  • $397,289Average equity
  • $4,247,085Average loans

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