Bay Bank & Trust Co. in Panama City, Florida (FL)



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Bay Bank & Trust Co. routing number info

Table of contents:
Bay Bank & Trust Co.
GeneralFDIC Certificate #: 15169
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Trustmark National Bank (#4988)
Federal Reserve ID: 509138
Date Established: May 29, 1935
WWW: http://www.baybankandtrust.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 14777
FDIC's unique #: 9535
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: May 29, 1935
Last Structure Change Effective Date: March 17, 2012
Last Structure Change Process Date: March 26, 2012
Last Data Update: March 26, 2012
Data Source Date: April 05, 2012
LocationAddress: 509 Harrison Avenue, Panama City, FL 32401
County: Bay
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Pensacola
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Panama City, FL (#6015)
Core Based Statistical Area (CBSA): Panama City-Lynn Haven-Panama City Beach, FL (#37460)
CBSA Metro Statistical Area: Panama City-Lynn Haven-Panama City Beach, FL (#37460)
Financial SummaryTotal assets: $232.5 mil
Equity capital: $25.6 mil
Deposits held in domestic offices: $206.6 mil
Return on assets (ROA): -1.54% (-$3.6 mil)
Quarterly return on assets: -0.33% (-$0.8 mil)
Return on Equity (ROE): -13.86% (-$3.6 mil)
Quarterly return on equity: -3.07% (-$0.8 mil)
Net income: -$3.7 mil
Quarterly Net income: -$0.2 mil
Pretax return on assets: -1.54% (-$3,580.8 mil)
Quarterly Pretax return on assets: -0.33% (-$767.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)81
Total assets$232,517
Cash and due from depository institutions$80,370
Interest-bearing balances$73,728
Securities$26,824
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$114,661
Loan loss allowance $2,244
Trading account assets$0
Bank premises and fixed assets$5,333
Other real estate owned$3,181
Goodwill and other intangibles$0
All other assets$2,148
Life insurance assets$232,517
Total liabilities and capital$206,907
Total liabilities$206,556
Total deposits$148,651
Interest-bearing deposits$206,556
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $351
All other liabilities $25,610
Total equity capital$25,610
Total bank equity capital$25,610
Perpetual preferred stock$0
Common stock$3,913
Surplus$10,822
Undivided profits $10,875
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,417
Income earned, not collected on loans $4,754
Earning assets $0
Long-term assets (5+ years) $517
Average Assets, year-to-date $215,213
Average Assets, quarterly $25,645
Volatile liabilities $241,549
Insider loans $239,763
FHLB advances $121,279
Loans and leases held for sale $237,530
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $25,427
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,273
Derivatives$658
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,147
Total interest expense $773
Net interest income $7,374
Provision for loan and lease losses $3,650
Total noninterest income $1,777
Fiduciary activities $417
Service charges on deposit accounts $548
Trading account gains & fees $0
Additional noninterest income $812
Total noninterest expense $9,000
Salaries and employee benefits $4,175
Premises and equipment expense $1,082
Additional noninterest expense $3,743
Pre-tax net operating income -$3,499
Securities gains (losses) -$211
Applicable income taxes $0
Income before extraordinary items -$3,710
Extraordinary gains - net $0
Net income attributable to bank -$3,710
Net charge-offs $0
Cash dividends -$3,710
Sale, conversion, retirement of capital stock, net $3,729
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.66%
Cost of funding earning assets 0.35%
Net interest margin 3.31%
Noninterest income to earning assets 0.80%
Noninterest expense to earning assets 4.05%
Net operating income to assets -1.45%
Return on assets (ROA) -1.54%
Pretax return on assets -1.54%
Return on equity (ROE) -13.86%
Retained earnings to average equity (YTD only) -13.86%
Net charge-offs to loans 3.04%
Credit loss provision to net charge-offs 97.88%
Efficiency ratio0.04%
Assets per employee$98,350
Cash dividends to net income (YTD only)2.87%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.92%
Noncurrent assets plus other real estate owned to assets 47.20%
Noncurrent loans to loans 3.41%
Net loans and leases to deposits4.07%
Net loans and leases to core deposits 55.51%
Equity capital to assets 59.31%
Core capital (leverage) ratio 11.01%
Tier 1 risk-based capital ratio 10.70%
Total risk-based capital ratio 20.97%
Memoranda
Average assets$22
Average earning assets$241,549
Average equity $26,772
Average loans $222,476
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$34,183
Number of Accounts1
Personal trust and agency accounts$20,521
Employee benefit-defined contribution accounts$9,401
Employee benefit-defined benefit accounts$1,025
Other retirement accounts$0
Corporate trust and agency accounts$739
Investment management agency accounts$0
Other fiduciary accounts$5,804
Fiduciary accounts held in foreign offices$0
Non-managed Assets$3,552
Number of Accounts61
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$739
Employee benefit-defined benefit accounts$0
Other retirement accounts$13,662
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$291
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