Barnett Bank of Highlands County in Sebring, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 29, 1996

  • Barnett Bank of Highlands County in Sebring, Florida (FL)
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Barnett Bank of Highlands County - Overview

  • General
  • FDIC Certificate #: 9623
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 729833
    Date Established: October 27, 1925
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Interstate: No)
    FDIC's unique #: 6150
    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: January 01, 1934
    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: 60 South Ridgewood Drive, Sebring, FL 33870
    County: Highlands
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Sebring, FL (#42700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $432.3 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)
  • $120Total assets
  • $427,948Cash and due from depository institutions
  • $17,622Interest-bearing balances
  • $0Securities
  • $36,504Federal funds sold & reverse repurchase agreements
  • $3,625Net loans & leases
  • $353,645Loan loss allowance
  • $3,809Trading account assets
  • $38Bank premises and fixed assets
  • $4,533Other real estate owned
  • $461Goodwill and other intangibles
  • $11,520Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $427,948Total liabilities
  • $385,009Total deposits
  • $371,563Interest-bearing deposits
  • $332,391Deposits held in domestic offices
  • 371563.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $5,741Trading liabilities
  • $38Other borrowed funds
  • $909Subordinated debt
  • $0All other liabilities
  • $6,758Total equity capital
  • $6,758Total bank equity capital
  • $42,939Perpetual preferred stock
  • $0Common stock
  • $911Surplus
  • $8,264Undivided profits
  • Memoranda
  • $33,764Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,324Income earned, not collected on loans
  • $2,815Earning assets
  • $393,812Long-term assets (5+ years)
  • $106,920Average Assets, year-to-date
  • $422,081Average Assets, quarterly
  • $422,100Volatile liabilities
  • $26,692Insider loans
  • $10,463FHLB advances
  • $0Loans and leases held for sale
  • $2,382Unused loan commitments
  • $80,832Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $43,071Total risk weighted assets
  • $329,416Total unused commitments
  • $0Restructured Loans and leases
  • $9,869Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $33,142Total interest expense
  • $11,868Net interest income
  • $21,274Provision for loan and lease losses
  • $597Total noninterest income
  • $5,455Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,624Trading account gains & fees
  • $30Additional noninterest income
  • $3,801Total noninterest expense
  • $13,056Salaries and employee benefits
  • $3,882Premises and equipment expense
  • $1,354Additional noninterest expense
  • $7,820Pre-tax net operating income
  • $13,076Securities gains (losses)
  • $0Applicable income taxes
  • $4,647Income before extraordinary items
  • $8,429Extraordinary gains - net
  • $0Net income attributable to bank
  • $8,429Net charge-offs
  • $729Cash dividends
  • $0Sale, 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
  • 8.47%Cost of funding earning assets
  • 3.03%Net interest margin
  • 5.44%Noninterest income to earning assets
  • 1.39%Noninterest expense to earning assets
  • 3.34%Net operating income to assets
  • 2.00%Return on assets (ROA)
  • 2.00%Pretax return on assets
  • 3.10%Return on equity (ROE)
  • 21.99%Retained earnings to average equity (YTD only)
  • 21.99%Net charge-offs to loans
  • 0.21%Credit loss provision to net charge-offs
  • 81.89%Efficiency ratio
  • 48,846Assets per employee
  • 3.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 163.90%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 95.18%Net loans and leases to core deposits
  • 100.59%Equity capital to assets
  • 10.03%Core capital (leverage) ratio
  • 10.20%Tier 1 risk-based capital ratio
  • 13.07%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $422,081Average earning assets
  • $38,334Average equity
  • $391,191Average loans

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