Bay Bank & Trust Co. in Panama City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 17, 2012

Bay Bank & Trust Co. - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 81Total employees (full-time equivalent)
  • $232,517Total assets
  • $80,370Cash and due from depository institutions
  • $73,728Interest-bearing balances
  • $26,824Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $114,661Net loans & leases
  • $2,244Loan loss allowance
  • $0Trading account assets
  • $5,333Bank premises and fixed assets
  • $3,181Other real estate owned
  • $0Goodwill and other intangibles
  • $232,517Life insurance assets
  • $2,148All other assets
  • $206,907Total liabilities and capital
  • $206,556Total liabilities
  • $148,651Total deposits
  • $206,556Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $351Subordinated debt
  • $25,610All other liabilities
  • $25,610Total equity capital
  • $25,610Total bank equity capital
  • $0Perpetual preferred stock
  • $3,913Common stock
  • $10,822Surplus
  • $10,875Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,417Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,754Income earned, not collected on loans
  • $0Earning assets
  • $517Long-term assets (5+ years)
  • $215,213Average Assets, year-to-date
  • $25,645Average Assets, quarterly
  • $241,549Volatile liabilities
  • $239,763Insider loans
  • $121,279FHLB advances
  • $237,530Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,427Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,273Restructured Loans and leases
  • $658Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,147Total interest income
  • $773Total interest expense
  • $7,374Net interest income
  • $3,650Provision for loan and lease losses
  • $1,777Total noninterest income
  • $417Fiduciary activities
  • $548Service charges on deposit accounts
  • $0Trading account gains & fees
  • $812Additional noninterest income
  • $9,000Total noninterest expense
  • $4,175Salaries and employee benefits
  • $1,082Premises and equipment expense
  • $3,743Additional noninterest expense
  • -$3,499Pre-tax net operating income
  • -$211Securities gains (losses)
  • $0Applicable income taxes
  • -$3,710Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,710Net income attributable to bank
  • $0Net charge-offs
  • -$3,710Cash dividends
  • $3,729Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.66%Yield on earning assets
  • 0.35%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 4.05%Noninterest expense to earning assets
  • -1.45%Net operating income to assets
  • -1.54%Return on assets (ROA)
  • -1.54%Pretax return on assets
  • -13.86%Return on equity (ROE)
  • -13.86%Retained earnings to average equity (YTD only)
  • 3.04%Net charge-offs to loans
  • 97.88%Credit loss provision to net charge-offs
  • 0.04%Efficiency ratio
  • 98,350Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 47.20%Noncurrent assets plus other real estate owned to assets
  • 3.41%Noncurrent loans to loans
  • 4.07%Net loans and leases to deposits
  • 55.51%Net loans and leases to core deposits
  • 59.31%Equity capital to assets
  • 11.01%Core capital (leverage) ratio
  • 10.70%Tier 1 risk-based capital ratio
  • 20.97%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $241,549Average earning assets
  • $26,772Average equity
  • $222,476Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $34,183Managed Assets
  • 1Number of Accounts
  • $20,521Personal trust and agency accounts
  • $9,401Employee benefit-defined contribution accounts
  • $1,025Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $739Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $5,804Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $3,552Non-managed Assets
  • 61Number of Accounts
  • $0Personal trust and agency accounts
  • $739Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $13,662Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $291Fiduciary accounts held in foreign offices

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