Barnett Bank of North Central Florida in Lake City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 29, 1996

Barnett Bank of North Central Florida in Lake City, Florida (FL)
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Barnett Bank of North Central Florida - Overview

General
FDIC Certificate #: 8017
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Barnett Bank, National Association (#3566)
Federal Reserve ID: 217134
Date Established: January 01, 1904
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Interstate: No)
FDIC's unique #: 5100
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: 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: 150 West Madison Street, Lake City, FL 32055
County: Columbia
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
Core Based Statistical Area (CBSA): Lake City, FL (#29380)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $268.6 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)
$91Total assets
$260,400Cash and due from depository institutions
$14,330Interest-bearing balances
$0Securities
$23,162Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$213,149Loan loss allowance
$2,146Trading account assets
$0Bank premises and fixed assets
$4,723Other real estate owned
$766Goodwill and other intangibles
$4,231Life insurance assets
$39All other assets
$0Total liabilities and capital
$260,400Total liabilities
$237,519Total deposits
$231,101Interest-bearing deposits
$198,419Deposits held in domestic offices
231101.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$3,932Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$2,486Total equity capital
$2,486Total bank equity capital
$22,881Perpetual preferred stock
$0Common stock
$1,000Surplus
$8,540Undivided profits
Memoranda
$13,341Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,553Income earned, not collected on loans
$1,592Earning assets
$236,311Long-term assets (5+ years)
$66,759Average Assets, year-to-date
$258,687Average Assets, quarterly
$258,504Volatile liabilities
$24,805Insider loans
$902FHLB advances
$0Loans and leases held for sale
$1,370Unused loan commitments
$52,317Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$22,867Total risk weighted assets
$202,035Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$20,774Total interest expense
$7,465Net interest income
$13,309Provision for loan and lease losses
$417Total noninterest income
$2,927Fiduciary activities
$0Service charges on deposit accounts
$1,621Trading account gains & fees
$1Additional noninterest income
$1,305Total noninterest expense
$9,375Salaries and employee benefits
$2,951Premises and equipment expense
$983Additional noninterest expense
$5,441Pre-tax net operating income
$6,444Securities gains (losses)
$0Applicable income taxes
$2,254Income before extraordinary items
$4,190Extraordinary gains - net
$0Net income attributable to bank
$4,190Net charge-offs
$292Cash 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
8.66%Cost of funding earning assets
3.11%Net interest margin
5.55%Noninterest income to earning assets
1.22%Noninterest expense to earning assets
3.91%Net operating income to assets
1.62%Return on assets (ROA)
1.62%Pretax return on assets
2.49%Return on equity (ROE)
20.18%Retained earnings to average equity (YTD only)
20.18%Net charge-offs to loans
0.14%Credit loss provision to net charge-offs
142.81%Efficiency ratio
57,693Assets per employee
2.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
138.18%Noncurrent assets plus other real estate owned to assets
0.89%Noncurrent loans to loans
0.72%Net loans and leases to deposits
92.23%Net loans and leases to core deposits
101.39%Equity capital to assets
8.79%Core capital (leverage) ratio
8.84%Tier 1 risk-based capital ratio
11.32%Total risk-based capital ratio
Memoranda
$12Average assets
$258,687Average earning assets
$20,760Average equity
$239,847Average loans

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