Busey Bank Florida in Fort Myers, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 17, 2006

  • Busey Bank Florida in Fort Myers, Florida (FL)
  • Show street view No street view available for this location

Busey Bank Florida - Overview

  • General
  • FDIC Certificate #: 28672
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Busey Bank, National Association (#34642)
    Federal Reserve ID: 498577
    Date Established: January 01, 1919
    WWW: http://www.busey.com
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2100
    FDIC's unique #: 41506
    Numeric code: 37
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: November 05, 1934
    Last Structure Change Effective Date: Febuary 17, 2006
    Last Structure Change Process Date: March 01, 2006
    Last Data Update: March 01, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 7900 Summerlin Lake Drive, Fort Myers, FL 33919
    County: Lee
    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
    Metropolitan Statistical Area (MSA): Fort Myers-Cape Coral, FL (#2700)
    Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980)
    CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
  • Financial Summary
  • Total assets: $245.7 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, 2005)

  • Dollar figures in thousands
  • 47Total employees (full-time equivalent)
  • $245,663Total assets
  • $7,522Cash and due from depository institutions
  • $185Interest-bearing balances
  • $2,960Securities
  • $4,200Federal funds sold & reverse repurchase agreements
  • $218,883Net loans & leases
  • $3,636Loan loss allowance
  • $0Trading account assets
  • $6,202Bank premises and fixed assets
  • $0Other real estate owned
  • $85Goodwill and other intangibles
  • $0Life insurance assets
  • $5,811All other assets
  • $245,663Total liabilities and capital
  • $222,827Total liabilities
  • $214,303Total deposits
  • $183,081Interest-bearing deposits
  • $214,303Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,000Other borrowed funds
  • $0Subordinated debt
  • $1,524All other liabilities
  • $22,836Total equity capital
  • $22,836Total bank equity capital
  • $22,836Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $31,022Undivided profits
  • Memoranda
  • $-8,187Noncurrent loans and leases
  • $85,747Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $948Average Assets, year-to-date
  • $226,228Average Assets, quarterly
  • $0Volatile liabilities
  • $221,279Insider loans
  • $243,748FHLB advances
  • $106,058Loans and leases held for sale
  • $657Unused loan commitments
  • $7,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $85,747Total unused commitments
  • $0Restructured Loans and leases
  • $2,409Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $16,015Total interest income
  • $5,526Total interest expense
  • $10,489Net interest income
  • $1,875Provision for loan and lease losses
  • $466Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $466Additional noninterest income
  • $4,301Total noninterest expense
  • $2,327Salaries and employee benefits
  • $902Premises and equipment expense
  • $1,072Additional noninterest expense
  • $4,779Pre-tax net operating income
  • $206Securities gains (losses)
  • $1,684Applicable income taxes
  • $3,301Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,301Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$4Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.83%Yield on earning assets
  • 2.70%Cost of funding earning assets
  • 5.13%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 2.10%Noninterest expense to earning assets
  • 1.43%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 2.25%Pretax return on assets
  • 17.52%Return on equity (ROE)
  • 17.52%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -46875.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 39,197Assets per employee
  • 5.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 102.14%Net loans and leases to core deposits
  • 189.93%Equity capital to assets
  • 9.30%Core capital (leverage) ratio
  • 9.29%Tier 1 risk-based capital ratio
  • 11.91%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $221,279Average earning assets
  • $18,843Average equity
  • $204,639Average loans

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