Citizens Bank & Trust in Clearwater, Florida (FL)

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Citizens Bank & Trust
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)65
Total assets$116,879
Cash and due from depository institutions$8,136
Interest-bearing balances$19
Federal funds sold & reverse repurchase agreements$5,791
Net loans & leases$71,692
Loan loss allowance $789
Trading account assets$0
Bank premises and fixed assets$5,556
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$3,815
Life insurance assets$0
Total liabilities and capital$116,879
Total liabilities$104,882
Total deposits$100,310
Interest-bearing deposits$70,104
Deposits held in domestic offices$100,310
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $3,434
Trading liabilities$0
Other borrowed funds $3
Subordinated debt $0
All other liabilities $1,135
Total equity capital$11,997
Total bank equity capital$11,997
Perpetual preferred stock$11,997
Common stock$0
Undivided profits $960
Noncurrent loans and leases $6,237
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $115
Long-term assets (5+ years) $0
Average Assets, year-to-date $381
Average Assets, quarterly $99,391
Volatile liabilities $5,858
Insider loans $108,713
FHLB advances $113,749
Loans and leases held for sale $10,621
Unused loan commitments $2,285
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $11,073
Restructured Loans and leases $0
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $7,661
Total interest expense $2,650
Net interest income $5,011
Provision for loan and lease losses $22
Total noninterest income $1,319
Fiduciary activities $0
Service charges on deposit accounts $476
Trading account gains & fees $0
Additional noninterest income $843
Total noninterest expense $4,645
Salaries and employee benefits $2,564
Premises and equipment expense $896
Additional noninterest expense $1,185
Pre-tax net operating income $1,663
Securities gains (losses) -$3
Applicable income taxes $556
Income before extraordinary items $1,104
Extraordinary gains - net $0
Net income attributable to bank $1,104
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $77
Net operating income $0
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.28%
Cost of funding earning assets 2.87%
Net interest margin 5.42%
Noninterest income to earning assets 1.43%
Noninterest expense to earning assets 5.02%
Net operating income to assets 1.02%
Return on assets (ROA) 1.02%
Pretax return on assets 1.53%
Return on equity (ROE) 9.72%
Retained earnings to average equity (YTD only) 9.72%
Net charge-offs to loans 0.12%
Credit loss provision to net charge-offs 28.57%
Efficiency ratio21.88%
Assets per employee$73,381
Cash dividends to net income (YTD only)1.80%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.09%
Noncurrent assets plus other real estate owned to assets 686.09%
Noncurrent loans to loans 0.10%
Net loans and leases to deposits0.16%
Net loans and leases to core deposits 71.47%
Equity capital to assets 76.99%
Core capital (leverage) ratio 10.26%
Tier 1 risk-based capital ratio 10.75%
Total risk-based capital ratio 13.80%
Average assets$15
Average earning assets$108,713
Average equity $11,354
Average loans $92,473
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