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- Banks in Florida (FL)
- Commercial National Bank
Commercial National Bank in Daytona Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of August 13, 1998
- Commercial National Bank in Daytona Beach, Florida (FL)
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Commercial National Bank - Overview
- General
- FDIC Certificate #: 25013
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colonial Bank (#9609)
Federal Reserve ID: 1009934
Date Established: January 09, 1984
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 17322
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: January 09, 1984
Last Structure Change Effective Date: August 13, 1998
Last Structure Change Process Date: August 26, 1998
Last Data Update: August 26, 1998
Data Source Date: April 05, 2012 - Location
- Address: 1899 South Clyde Morris Boulevard, Daytona Beach, FL 32119
County: Volusia
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
Metropolitan Statistical Area (MSA): Daytona Beach, FL (#2020)
Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660)
CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660) - Financial Summary
- Total assets: $89.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
- Dollar figures in thousands
- 39Total employees (full-time equivalent)
- $83,309Total assets
- $3,504Cash and due from depository institutions
- $0Interest-bearing balances
- $16,136Securities
- $0Federal funds sold & reverse repurchase agreements
- $59,530Net loans & leases
- $419Loan loss allowance
- $0Trading account assets
- $3,379Bank premises and fixed assets
- $0Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $760All other assets
- $83,309Total liabilities and capital
- $75,536Total liabilities
- $75,388Total deposits
- $59,649Interest-bearing deposits
- $75,388Deposits held in domestic offices
- 0.00%% insured (estimated)
- $0Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $148All other liabilities
- $7,773Total equity capital
- $7,773Total bank equity capital
- $7,773Perpetual preferred stock
- $0Common stock
- $1,451Surplus
- $1,451Undivided profits
- Memoranda
- $4,871Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $106Earning assets
- $0Long-term assets (5+ years)
- $289Average Assets, year-to-date
- $75,666Average Assets, quarterly
- $4,097Volatile liabilities
- $86,412Insider loans
- $85,493FHLB advances
- $8,442Loans and leases held for sale
- $81Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $7,368Total unused commitments
- $0Restructured Loans and leases
- $51,042Derivatives
Income and Expense (December 31, 1997)
- Dollar figures in thousands
- $6,655Total interest income
- $2,615Total interest expense
- $4,040Net interest income
- $71Provision for loan and lease losses
- $681Total noninterest income
- $0Fiduciary activities
- $482Service charges on deposit accounts
- $0Trading account gains & fees
- $199Additional noninterest income
- $2,239Total noninterest expense
- $1,292Salaries and employee benefits
- $299Premises and equipment expense
- $648Additional noninterest expense
- $2,411Pre-tax net operating income
- -$2Securities gains (losses)
- $904Applicable income taxes
- $1,505Income before extraordinary items
- $0Extraordinary gains - net
- $1,505Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $31Sale, conversion, retirement of capital stock, net
- $1,010Net operating income
Performance and Condition Ratios (December 31, 1997)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 8.39%Yield on earning assets
- 3.30%Cost of funding earning assets
- 5.10%Net interest margin
- 0.86%Noninterest income to earning assets
- 2.82%Noninterest expense to earning assets
- 1.74%Net operating income to assets
- 1.74%Return on assets (ROA)
- 2.79%Pretax return on assets
- 20.05%Return on equity (ROE)
- 6.60%Retained earnings to average equity (YTD only)
- 0.05%Net charge-offs to loans
- 229.03%Credit loss provision to net charge-offs
- 80.06%Efficiency ratio
- 47,426Assets per employee
- 2.14%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 67.11%Loss allowance to loans
- 0.70%Loss allowance to noncurrent loans
- 395.28%Noncurrent assets plus other real estate owned to assets
- 0.13%Noncurrent loans to loans
- 0.18%Net loans and leases to deposits
- 78.96%Net loans and leases to core deposits
- 88.92%Equity capital to assets
- 9.33%Core capital (leverage) ratio
- 8.90%Tier 1 risk-based capital ratio
- 15.19%Total risk-based capital ratio
- Memoranda
- $16Average assets
- $86,412Average earning assets
- $7,504Average equity
- $79,277Average loans
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- Banks in Florida (FL)
- Commercial National Bank
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