Citizens Bank & Trust in Clearwater, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 09, 1998

  • Citizens Bank & Trust in Clearwater, Florida (FL)
  • Show street view No street view available for this location

Citizens Bank & Trust - Overview

  • General
  • FDIC Certificate #: 26684
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank of Florida (#26629)
    Federal Reserve ID: 126339
    Date Established: June 11, 1986
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 14050
    FDIC's unique #: 35703
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 11, 1986
    Last Structure Change Effective Date: October 09, 1998
    Last Structure Change Process Date: October 26, 1998
    Last Data Update: October 26, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1150 Cleveland Street, Clearwater, FL 34615
    County: Pinellas
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: New York
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • Financial Summary
  • Total assets: $132.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 65Total employees (full-time equivalent)
  • $116,879Total assets
  • $8,136Cash and due from depository institutions
  • $19Interest-bearing balances
  • $21,889Securities
  • $5,791Federal funds sold & reverse repurchase agreements
  • $71,692Net loans & leases
  • $789Loan loss allowance
  • $0Trading account assets
  • $5,556Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,815All other assets
  • $116,879Total liabilities and capital
  • $104,882Total liabilities
  • $100,310Total deposits
  • $70,104Interest-bearing deposits
  • $100,310Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,434Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3Other borrowed funds
  • $0Subordinated debt
  • $1,135All other liabilities
  • $11,997Total equity capital
  • $11,997Total bank equity capital
  • $11,997Perpetual preferred stock
  • $0Common stock
  • $4,800Surplus
  • $960Undivided profits
  • Memoranda
  • $6,237Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $115Earning assets
  • $0Long-term assets (5+ years)
  • $381Average Assets, year-to-date
  • $99,391Average Assets, quarterly
  • $5,858Volatile liabilities
  • $108,713Insider loans
  • $113,749FHLB advances
  • $10,621Loans and leases held for sale
  • $2,285Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,073Total unused commitments
  • $0Restructured Loans and leases
  • $86,500Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $7,661Total interest income
  • $2,650Total interest expense
  • $5,011Net interest income
  • $22Provision for loan and lease losses
  • $1,319Total noninterest income
  • $0Fiduciary activities
  • $476Service charges on deposit accounts
  • $0Trading account gains & fees
  • $843Additional noninterest income
  • $4,645Total noninterest expense
  • $2,564Salaries and employee benefits
  • $896Premises and equipment expense
  • $1,185Additional noninterest expense
  • $1,663Pre-tax net operating income
  • -$3Securities gains (losses)
  • $556Applicable income taxes
  • $1,104Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,104Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $77Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.28%Yield on earning assets
  • 2.87%Cost of funding earning assets
  • 5.42%Net interest margin
  • 1.43%Noninterest income to earning assets
  • 5.02%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 9.72%Return on equity (ROE)
  • 9.72%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 28.57%Credit loss provision to net charge-offs
  • 21.88%Efficiency ratio
  • 73,381Assets per employee
  • 1.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 686.09%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 71.47%Net loans and leases to core deposits
  • 76.99%Equity capital to assets
  • 10.26%Core capital (leverage) ratio
  • 10.75%Tier 1 risk-based capital ratio
  • 13.80%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $108,713Average earning assets
  • $11,354Average equity
  • $92,473Average loans

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