Central National Bank in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 1993

  • Central National Bank in Sarasota, Florida (FL)
  • Show street view No street view available for this location

Central National Bank - Overview

  • General
  • FDIC Certificate #: 26197
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: SouthTrust Bank of the Suncoast (#27461)
    Federal Reserve ID: 963936
    Date Established: April 08, 1985
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 32525
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 08, 1985
    Last Structure Change Effective Date: September 01, 1993
    Last Structure Change Process Date: October 08, 1993
    Last Data Update: October 08, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 544 South Washington Boulevard, Sarasota, FL 34236
    County: Sarasota
    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): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
    Corrections
  • Financial Summary
  • Total assets: $39.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $20Total assets
  • $40,002Cash and due from depository institutions
  • $2,075Interest-bearing balances
  • $0Securities
  • $13,995Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $22,797Loan loss allowance
  • $233Trading account assets
  • $0Bank premises and fixed assets
  • $520Other real estate owned
  • $278Goodwill and other intangibles
  • $337Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $40,002Total liabilities
  • $37,009Total deposits
  • $34,166Interest-bearing deposits
  • $27,963Deposits held in domestic offices
  • 34166.00%% insured (estimated)
  • $78Federal funds purchased & repurchase agreements
  • $1,600Trading liabilities
  • $0Other borrowed funds
  • $1,152Subordinated debt
  • $0All other liabilities
  • $91Total equity capital
  • $91Total bank equity capital
  • $2,993Perpetual preferred stock
  • $0Common stock
  • $1,725Surplus
  • $1,595Undivided profits
  • Memoranda
  • $-327Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $353Income earned, not collected on loans
  • $97Earning assets
  • $36,792Long-term assets (5+ years)
  • $10,080Average Assets, year-to-date
  • $37,690Average Assets, quarterly
  • $40,260Volatile liabilities
  • $6,163Insider loans
  • $1,057FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,798Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,993Total risk weighted assets
  • $26,610Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,769Total interest expense
  • $1,137Net interest income
  • $1,632Provision for loan and lease losses
  • $99Total noninterest income
  • $335Fiduciary activities
  • $0Service charges on deposit accounts
  • $232Trading account gains & fees
  • $0Additional noninterest income
  • $103Total noninterest expense
  • $1,609Salaries and employee benefits
  • $760Premises and equipment expense
  • $326Additional noninterest expense
  • $523Pre-tax net operating income
  • $259Securities gains (losses)
  • $60Applicable income taxes
  • $108Income before extraordinary items
  • $211Extraordinary gains - net
  • $108Net income attributable to bank
  • $319Net charge-offs
  • $366Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.22%Cost of funding earning assets
  • 3.37%Net interest margin
  • 4.84%Noninterest income to earning assets
  • 0.99%Noninterest expense to earning assets
  • 4.78%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 1.13%Return on equity (ROE)
  • 11.34%Retained earnings to average equity (YTD only)
  • 11.34%Net charge-offs to loans
  • 1.62%Credit loss provision to net charge-offs
  • 27.05%Efficiency ratio
  • 81,800Assets per employee
  • 2.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 66.01%Noncurrent assets plus other real estate owned to assets
  • 1.58%Noncurrent loans to loans
  • 1.53%Net loans and leases to deposits
  • 66.72%Net loans and leases to core deposits
  • 74.12%Equity capital to assets
  • 7.48%Core capital (leverage) ratio
  • 7.46%Tier 1 risk-based capital ratio
  • 11.25%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $37,690Average earning assets
  • $2,813Average equity
  • $33,694Average loans

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