Barnett Bank of Pinellas County in St. Petersburg, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 28, 1996

  • Barnett Bank of Pinellas County in St. Petersburg, Florida (FL)
  • Show street view No street view available for this location

Barnett Bank of Pinellas County - Overview

  • General
  • FDIC Certificate #: 27020
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 428574
    Date Established: July 27, 1987
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 47 (Interstate: No)
    FDIC's unique #: 36464
    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: July 27, 1987
    Last Structure Change Effective Date: September 28, 1996
    Last Structure Change Process Date: October 03, 1996
    Last Data Update: October 03, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: One Progress Plaza, Barnett Tower, St. Petersburg, FL 33701
    County: Pinellas
    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
    Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $3,291.7 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)
  • $790Total assets
  • $3,477,644Cash and due from depository institutions
  • $185,390Interest-bearing balances
  • $0Securities
  • $479,987Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $2,690,362Loan loss allowance
  • $50,315Trading account assets
  • $296Bank premises and fixed assets
  • $38,360Other real estate owned
  • $5,993Goodwill and other intangibles
  • $53,720Life insurance assets
  • $23,536All other assets
  • $0Total liabilities and capital
  • $3,477,644Total liabilities
  • $3,223,928Total deposits
  • $2,892,909Interest-bearing deposits
  • $2,467,771Deposits held in domestic offices
  • 2892909.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $292,871Trading liabilities
  • $296Other borrowed funds
  • $8,699Subordinated debt
  • $0All other liabilities
  • $29,153Total equity capital
  • $29,153Total bank equity capital
  • $253,716Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $112,100Undivided profits
  • Memoranda
  • $139,616Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21,242Income earned, not collected on loans
  • $17,258Earning assets
  • $3,170,349Long-term assets (5+ years)
  • $717,356Average Assets, year-to-date
  • $3,470,907Average Assets, quarterly
  • $3,396,880Volatile liabilities
  • $432,753Insider loans
  • $68,358FHLB advances
  • $0Loans and leases held for sale
  • $18,885Unused loan commitments
  • $935,004Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $227,608Total risk weighted assets
  • $2,333,251Total unused commitments
  • $0Restructured Loans and leases
  • $404,394Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $252,305Total interest expense
  • $106,385Net interest income
  • $145,920Provision for loan and lease losses
  • $3,680Total noninterest income
  • $32,392Fiduciary activities
  • $0Service charges on deposit accounts
  • $17,442Trading account gains & fees
  • $1,737Additional noninterest income
  • $13,213Total noninterest expense
  • $99,026Salaries and employee benefits
  • $25,271Premises and equipment expense
  • $11,812Additional noninterest expense
  • $61,943Pre-tax net operating income
  • $75,606Securities gains (losses)
  • $2Applicable income taxes
  • $27,805Income before extraordinary items
  • $47,803Extraordinary gains - net
  • $0Net income attributable to bank
  • $47,803Net charge-offs
  • $4,217Cash dividends
  • $35,000Sale, 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
  • 7.92%Cost of funding earning assets
  • 3.34%Net interest margin
  • 4.58%Noninterest income to earning assets
  • 1.02%Noninterest expense to earning assets
  • 3.11%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 2.18%Return on equity (ROE)
  • 19.33%Retained earnings to average equity (YTD only)
  • 5.18%Net charge-offs to loans
  • 0.16%Credit loss provision to net charge-offs
  • 87.27%Efficiency ratio
  • 53,093Assets per employee
  • 4.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 73.22%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 236.87%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 93.00%Net loans and leases to core deposits
  • 97.50%Equity capital to assets
  • 7.30%Core capital (leverage) ratio
  • 6.83%Tier 1 risk-based capital ratio
  • 9.75%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $3,470,907Average earning assets
  • $247,328Average equity
  • $3,185,874Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Barnett Bank of Pinellas County.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents