Citrus and Chemical Bank in Bartow, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 13, 2007

  • Citrus and Chemical Bank in Bartow, Florida (FL)
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Citrus and Chemical Bank - Overview

  • General
  • FDIC Certificate #: 17283
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 391137
    Date Established: January 05, 1954
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 13349
    FDIC's unique #: 11302
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 05, 1954
    Last Structure Change Effective Date: December 13, 2007
    Last Structure Change Process Date: January 17, 2008
    Last Data Update: January 17, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 600 North Broadway, Bartow, FL 33830
    County: Polk
    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): Lakeland-Winter Haven, FL (#3980)
    Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460)
    CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
  • Financial Summary
  • Total assets: $868.3 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, 2006)

  • Dollar figures in thousands
  • 210Total employees (full-time equivalent)
  • $892,316Total assets
  • $25,191Cash and due from depository institutions
  • $437Interest-bearing balances
  • $339,471Securities
  • $12,004Federal funds sold & reverse repurchase agreements
  • $477,335Net loans & leases
  • $4,871Loan loss allowance
  • $0Trading account assets
  • $13,828Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $11,023Life insurance assets
  • $24,487All other assets
  • $892,316Total liabilities and capital
  • $834,018Total liabilities
  • $773,208Total deposits
  • $696,590Interest-bearing deposits
  • $773,208Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $37,300Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $18,438Other borrowed funds
  • $0Subordinated debt
  • $5,072All other liabilities
  • $58,298Total equity capital
  • $58,298Total bank equity capital
  • $58,298Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $4,370Undivided profits
  • Memoranda
  • $52,928Noncurrent loans and leases
  • $206,197Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,804Earning assets
  • $0Long-term assets (5+ years)
  • $4,815Average Assets, year-to-date
  • $829,247Average Assets, quarterly
  • $289,935Volatile liabilities
  • $860,702Insider loans
  • $900,338FHLB advances
  • $190,218Loans and leases held for sale
  • $20,919Unused loan commitments
  • $18,438Tier 1 (core) risk-based capital
  • $50,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $206,197Total unused commitments
  • $0Restructured Loans and leases
  • $4,871Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $49,706Total interest income
  • $21,208Total interest expense
  • $28,498Net interest income
  • $1,025Provision for loan and lease losses
  • $8,045Total noninterest income
  • $731Fiduciary activities
  • $3,813Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,501Additional noninterest income
  • $23,521Total noninterest expense
  • $13,502Salaries and employee benefits
  • $3,599Premises and equipment expense
  • $6,420Additional noninterest expense
  • $11,997Pre-tax net operating income
  • $1Securities gains (losses)
  • $3,635Applicable income taxes
  • $8,363Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,363Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $471Sale, conversion, retirement of capital stock, net
  • $1,600Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.23%Yield on earning assets
  • 2.66%Cost of funding earning assets
  • 3.57%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 15.52%Return on equity (ROE)
  • 12.55%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 217.62%Credit loss provision to net charge-offs
  • 27.65%Efficiency ratio
  • 64,365Assets per employee
  • 4.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.13%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 270.01%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.37%Net loans and leases to deposits
  • 61.73%Net loans and leases to core deposits
  • 76.68%Equity capital to assets
  • 6.53%Core capital (leverage) ratio
  • 6.77%Tier 1 risk-based capital ratio
  • 10.43%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $860,702Average earning assets
  • $53,874Average equity
  • $798,066Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $86,352Managed Assets
  • 1Number of Accounts
  • $85,470Personal trust and agency accounts
  • $52,514Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,882Corporate trust and agency accounts
  • $27,764Investment management agency accounts
  • $1,310Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 117Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $882Other retirement accounts
  • $882Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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