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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