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

This bank is inactive as of August 28, 2009

  • Busey Bank, National Association in Fort Myers, Florida (FL)
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Busey Bank, National Association - Overview

  • General
  • FDIC Certificate #: 34642
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Busey Bank (#16450)
    Federal Reserve ID: 2623494
    Date Established: June 01, 1998
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Interstate: No)
    OTS Docket #: 15491
    FDIC's unique #: 60865
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: June 01, 1998
    Last Structure Change Effective Date: August 28, 2009
    Last Structure Change Process Date: September 09, 2009
    Last Data Update: September 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 7980 Summerlin Lakes Drive, Fort Myers, FL 33907
    County: Lee
    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): 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: $420.1 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, 2008)

  • Dollar figures in thousands
  • 144Total employees (full-time equivalent)
  • $429,815Total assets
  • $30,807Cash and due from depository institutions
  • $5,311Interest-bearing balances
  • $9,470Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $335,481Net loans & leases
  • $18,564Loan loss allowance
  • $0Trading account assets
  • $19,542Bank premises and fixed assets
  • $5,122Other real estate owned
  • $13,157Goodwill and other intangibles
  • $50Life insurance assets
  • $16,236All other assets
  • $429,815Total liabilities and capital
  • $383,832Total liabilities
  • $375,285Total deposits
  • $366,629Interest-bearing deposits
  • $375,285Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $720Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,500Other borrowed funds
  • $0Subordinated debt
  • $4,327All other liabilities
  • $45,983Total equity capital
  • $45,983Total bank equity capital
  • $45,983Perpetual preferred stock
  • $0Common stock
  • $5,605Surplus
  • $72,871Undivided profits
  • Memoranda
  • $-32,493Noncurrent loans and leases
  • $33,617Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $18,815Earning assets
  • $0Long-term assets (5+ years)
  • $1,716Average Assets, year-to-date
  • $350,262Average Assets, quarterly
  • $8,354Volatile liabilities
  • $457,779Insider loans
  • $440,422FHLB advances
  • $79,455Loans and leases held for sale
  • $6,365Unused loan commitments
  • $3,500Tier 1 (core) risk-based capital
  • $216Tier 2 risk-based capital
  • $369Total risk weighted assets
  • $33,617Total unused commitments
  • $9,320Restructured Loans and leases
  • $4,261Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $23,811Total interest income
  • $12,896Total interest expense
  • $10,915Net interest income
  • $27,950Provision for loan and lease losses
  • $13,311Total noninterest income
  • $0Fiduciary activities
  • $523Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12,788Additional noninterest income
  • $41,908Total noninterest expense
  • $8,417Salaries and employee benefits
  • $4,049Premises and equipment expense
  • $29,442Additional noninterest expense
  • -$45,632Pre-tax net operating income
  • $7Securities gains (losses)
  • -$7,818Applicable income taxes
  • -$37,807Income before extraordinary items
  • $0Extraordinary gains - net
  • -$37,807Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $16,150Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.23%Yield on earning assets
  • 3.38%Cost of funding earning assets
  • 2.86%Net interest margin
  • 3.49%Noninterest income to earning assets
  • 10.97%Noninterest expense to earning assets
  • -8.26%Net operating income to assets
  • -8.26%Return on assets (ROA)
  • -9.97%Pretax return on assets
  • -52.35%Return on equity (ROE)
  • -52.35%Retained earnings to average equity (YTD only)
  • 4.28%Net charge-offs to loans
  • 173.07%Credit loss provision to net charge-offs
  • -1.09%Efficiency ratio
  • 75,935Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.24%Loss allowance to noncurrent loans
  • 98.67%Noncurrent assets plus other real estate owned to assets
  • 5.57%Noncurrent loans to loans
  • 5.31%Net loans and leases to deposits
  • 89.39%Net loans and leases to core deposits
  • 113.13%Equity capital to assets
  • 10.70%Core capital (leverage) ratio
  • 8.14%Tier 1 risk-based capital ratio
  • 10.53%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $457,779Average earning assets
  • $72,218Average equity
  • $381,904Average loans

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