Barnett Bank of Southwest Florida in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 28, 1996

  • Barnett Bank of Southwest Florida in Sarasota, Florida (FL)
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Barnett Bank of Southwest Florida - Overview

  • General
  • FDIC Certificate #: 26882
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 165570
    Date Established: December 22, 1986
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 26 (Interstate: No)
    FDIC's unique #: 36195
    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: December 22, 1986
    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: 240 South Pineapple Avenue, Sarasota, FL 34236
    County: Sarasota
    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): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • Financial Summary
  • Total assets: $1,837.7 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)
  • $449Total assets
  • $1,901,250Cash and due from depository institutions
  • $71,120Interest-bearing balances
  • $0Securities
  • $200,290Federal funds sold & reverse repurchase agreements
  • $100,250Net loans & leases
  • $1,435,818Loan loss allowance
  • $24,938Trading account assets
  • $0Bank premises and fixed assets
  • $50,800Other real estate owned
  • $9,915Goodwill and other intangibles
  • $31,067Life insurance assets
  • $1,990All other assets
  • $0Total liabilities and capital
  • $1,901,250Total liabilities
  • $1,755,451Total deposits
  • $1,703,726Interest-bearing deposits
  • $1,536,885Deposits held in domestic offices
  • 1703726.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $30,038Trading liabilities
  • $0Other borrowed funds
  • $2,266Subordinated debt
  • $0All other liabilities
  • $19,421Total equity capital
  • $19,421Total bank equity capital
  • $145,799Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $55,160Undivided profits
  • Memoranda
  • $88,639Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,544Income earned, not collected on loans
  • $9,005Earning assets
  • $1,736,358Long-term assets (5+ years)
  • $259,630Average Assets, year-to-date
  • $1,900,628Average Assets, quarterly
  • $1,861,542Volatile liabilities
  • $120,407Insider loans
  • $11,770FHLB advances
  • $0Loans and leases held for sale
  • $10,146Unused loan commitments
  • $392,543Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $143,497Total risk weighted assets
  • $1,217,753Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $135,350Total interest expense
  • $57,228Net interest income
  • $78,122Provision for loan and lease losses
  • $429Total noninterest income
  • $16,566Fiduciary activities
  • $0Service charges on deposit accounts
  • $6,169Trading account gains & fees
  • $149Additional noninterest income
  • $10,248Total noninterest expense
  • $52,786Salaries and employee benefits
  • $15,334Premises and equipment expense
  • $6,924Additional noninterest expense
  • $30,528Pre-tax net operating income
  • $41,473Securities gains (losses)
  • $0Applicable income taxes
  • $15,289Income before extraordinary items
  • $26,184Extraordinary gains - net
  • $0Net income attributable to bank
  • $26,184Net charge-offs
  • $3,353Cash dividends
  • $17,000Sale, 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
  • 7.84%Cost of funding earning assets
  • 3.31%Net interest margin
  • 4.53%Noninterest income to earning assets
  • 0.96%Noninterest expense to earning assets
  • 3.06%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 2.18%Return on equity (ROE)
  • 18.46%Retained earnings to average equity (YTD only)
  • 6.48%Net charge-offs to loans
  • 0.23%Credit loss provision to net charge-offs
  • 12.79%Efficiency ratio
  • 55,597Assets per employee
  • 4.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.93%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 142.15%Noncurrent assets plus other real estate owned to assets
  • 1.44%Noncurrent loans to loans
  • 1.20%Net loans and leases to deposits
  • 84.28%Net loans and leases to core deposits
  • 88.89%Equity capital to assets
  • 7.67%Core capital (leverage) ratio
  • 7.77%Tier 1 risk-based capital ratio
  • 11.78%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,900,628Average earning assets
  • $141,823Average equity
  • $1,726,437Average loans

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