CNB National Bank in Lake City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 2004

  • CNB National Bank in Lake City, Florida (FL)
  • Show street view No street view available for this location

CNB National Bank - Overview

  • General
  • FDIC Certificate #: 26631
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank (#27515)
    Federal Reserve ID: 900230
    Date Established: April 04, 1986
    WWW: http://www.cnbnb.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 17 (Interstate: No)
    OTS Docket #: 10663
    FDIC's unique #: 35363
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: April 04, 1986
    Last Structure Change Effective Date: July 16, 2004
    Last Structure Change Process Date: August 04, 2004
    Last Data Update: August 04, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 North Marion Street, Lake City, FL 32055
    County: Columbia
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Lake City, FL (#29380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $847.4 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, 2003)

  • Dollar figures in thousands
  • 265Total employees (full-time equivalent)
  • $818,968Total assets
  • $18,067Cash and due from depository institutions
  • $909Interest-bearing balances
  • $85,249Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $675,484Net loans & leases
  • $7,329Loan loss allowance
  • $0Trading account assets
  • $25,150Bank premises and fixed assets
  • $133Other real estate owned
  • $5,262Goodwill and other intangibles
  • $0Life insurance assets
  • $9,623All other assets
  • $818,968Total liabilities and capital
  • $751,569Total liabilities
  • $724,257Total deposits
  • $629,241Interest-bearing deposits
  • $724,257Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $22,550Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $4,762All other liabilities
  • $67,399Total equity capital
  • $67,399Total bank equity capital
  • $67,399Perpetual preferred stock
  • $0Common stock
  • $4,239Surplus
  • $40,366Undivided profits
  • Memoranda
  • $22,794Noncurrent loans and leases
  • $211,878Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,679Earning assets
  • $0Long-term assets (5+ years)
  • $3,567Average Assets, year-to-date
  • $761,642Average Assets, quarterly
  • $268,638Volatile liabilities
  • $784,484Insider loans
  • $814,232FHLB advances
  • $183,517Loans and leases held for sale
  • $15,109Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,063Total risk weighted assets
  • $211,878Total unused commitments
  • $0Restructured Loans and leases
  • $7,329Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $43,530Total interest income
  • $14,852Total interest expense
  • $28,678Net interest income
  • $2,100Provision for loan and lease losses
  • $5,748Total noninterest income
  • $0Fiduciary activities
  • $3,416Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,332Additional noninterest income
  • $21,568Total noninterest expense
  • $11,079Salaries and employee benefits
  • $3,603Premises and equipment expense
  • $6,886Additional noninterest expense
  • $10,758Pre-tax net operating income
  • $406Securities gains (losses)
  • $4,117Applicable income taxes
  • $7,047Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,047Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,345Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.00%Yield on earning assets
  • 2.05%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 10.99%Return on equity (ROE)
  • 10.99%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 156.13%Credit loss provision to net charge-offs
  • 9.56%Efficiency ratio
  • 60,582Assets per employee
  • 3.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 199.21%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.54%Net loans and leases to deposits
  • 93.27%Net loans and leases to core deposits
  • 119.92%Equity capital to assets
  • 8.23%Core capital (leverage) ratio
  • 7.70%Tier 1 risk-based capital ratio
  • 9.46%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $784,484Average earning assets
  • $64,137Average equity
  • $725,871Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with CNB National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents