Barnett Bank of the Keys in Key West, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 29, 1996

  • Barnett Bank of the Keys in Key West, Florida (FL)
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Barnett Bank of the Keys - Overview

  • General
  • FDIC Certificate #: 20425
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 836937
    Date Established: May 26, 1971
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    OTS Docket #: 11671
    FDIC's unique #: 14077
    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: May 26, 1971
    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: 1010 Kennedy Drive, Key West, FL 33040
    County: Monroe
    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
    Core Based Statistical Area (CBSA): Key West, FL (#28580)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $335.6 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)
  • $100Total assets
  • $339,937Cash and due from depository institutions
  • $20,145Interest-bearing balances
  • $0Securities
  • $31,926Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $271,469Loan loss allowance
  • $3,646Trading account assets
  • $0Bank premises and fixed assets
  • $6,885Other real estate owned
  • $55Goodwill and other intangibles
  • $5,839Life insurance assets
  • $3,618All other assets
  • $0Total liabilities and capital
  • $339,937Total liabilities
  • $304,782Total deposits
  • $287,509Interest-bearing deposits
  • $238,730Deposits held in domestic offices
  • 287509.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $14,943Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,330Total equity capital
  • $2,330Total bank equity capital
  • $35,155Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $18,500Undivided profits
  • Memoranda
  • $16,155Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,027Income earned, not collected on loans
  • $1,733Earning assets
  • $303,395Long-term assets (5+ years)
  • $50,986Average Assets, year-to-date
  • $335,208Average Assets, quarterly
  • $330,254Volatile liabilities
  • $31,133Insider loans
  • $3,448FHLB advances
  • $0Loans and leases held for sale
  • $1,805Unused loan commitments
  • $51,506Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $31,472Total risk weighted assets
  • $216,740Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $25,857Total interest expense
  • $8,980Net interest income
  • $16,877Provision for loan and lease losses
  • $80Total noninterest income
  • $3,913Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,109Trading account gains & fees
  • $12Additional noninterest income
  • $1,792Total noninterest expense
  • $11,876Salaries and employee benefits
  • $3,888Premises and equipment expense
  • $1,558Additional noninterest expense
  • $6,430Pre-tax net operating income
  • $8,834Securities gains (losses)
  • $0Applicable income taxes
  • $3,296Income before extraordinary items
  • $5,538Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,538Net charge-offs
  • $278Cash 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
  • 8.43%Cost of funding earning assets
  • 2.93%Net interest margin
  • 5.50%Noninterest income to earning assets
  • 1.28%Noninterest expense to earning assets
  • 3.87%Net operating income to assets
  • 1.65%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 2.64%Return on equity (ROE)
  • 17.21%Retained earnings to average equity (YTD only)
  • 17.21%Net charge-offs to loans
  • 0.10%Credit loss provision to net charge-offs
  • 28.78%Efficiency ratio
  • 54,921Assets per employee
  • 3.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 355.01%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.37%Net loans and leases to deposits
  • 94.42%Net loans and leases to core deposits
  • 100.06%Equity capital to assets
  • 10.34%Core capital (leverage) ratio
  • 9.80%Tier 1 risk-based capital ratio
  • 14.52%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $335,208Average earning assets
  • $32,187Average equity
  • $306,865Average loans

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