Community National Bank at Bartow in Bartow, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 20, 2010

  • Community National Bank at Bartow in Bartow, Florida (FL)
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Community National Bank at Bartow - Overview

  • General
  • FDIC Certificate #: 25266
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: CenterState Bank of Florida, National Association (#33555)
    Federal Reserve ID: 392031
    Date Established: July 02, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    OTS Docket #: 13159
    FDIC's unique #: 17470
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 02, 1984
    Last Structure Change Effective Date: August 20, 2010
    Last Structure Change Process Date: August 23, 2010
    Last Data Update: August 23, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1375 North Broadway, Bartow, FL 33831
    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: $67.9 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, 2009)

  • Dollar figures in thousands
  • 14Total employees (full-time equivalent)
  • $75,961Total assets
  • $10,354Cash and due from depository institutions
  • $8,293Interest-bearing balances
  • $2,642Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $54,146Net loans & leases
  • $1,993Loan loss allowance
  • $0Trading account assets
  • $1,425Bank premises and fixed assets
  • $4,001Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,393All other assets
  • $75,961Total liabilities and capital
  • $71,931Total liabilities
  • $67,831Total deposits
  • $51,148Interest-bearing deposits
  • $67,831Deposits held in domestic offices
  • 73.05%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,000Other borrowed funds
  • $0Subordinated debt
  • $100All other liabilities
  • $4,030Total equity capital
  • $4,030Total bank equity capital
  • $4,030Perpetual preferred stock
  • $0Common stock
  • $1,750Surplus
  • $3,346Undivided profits
  • Memoranda
  • $-1,066Noncurrent loans and leases
  • $3,889Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,355Earning assets
  • $0Long-term assets (5+ years)
  • $276Average Assets, year-to-date
  • $65,081Average Assets, quarterly
  • $12,168Volatile liabilities
  • $81,625Insider loans
  • $75,503FHLB advances
  • $25,776Loans and leases held for sale
  • $516Unused loan commitments
  • $4,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,889Total unused commitments
  • $974Restructured Loans and leases
  • $634Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $3,791Total interest income
  • $1,377Total interest expense
  • $2,414Net interest income
  • $3,674Provision for loan and lease losses
  • -$232Total noninterest income
  • $0Fiduciary activities
  • $198Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$430Additional noninterest income
  • $4,026Total noninterest expense
  • $1,044Salaries and employee benefits
  • $163Premises and equipment expense
  • $2,819Additional noninterest expense
  • -$5,518Pre-tax net operating income
  • -$436Securities gains (losses)
  • -$1,774Applicable income taxes
  • -$4,180Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,180Net income attributable to bank
  • $0Net charge-offs
  • -$4,180Cash dividends
  • $3,128Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 1.90%Cost of funding earning assets
  • 3.32%Net interest margin
  • -0.32%Noninterest income to earning assets
  • 5.54%Noninterest expense to earning assets
  • -4.75%Net operating income to assets
  • -5.12%Return on assets (ROA)
  • -7.29%Pretax return on assets
  • -67.29%Return on equity (ROE)
  • -67.29%Retained earnings to average equity (YTD only)
  • 4.72%Net charge-offs to loans
  • 117.46%Credit loss provision to net charge-offs
  • -0.59%Efficiency ratio
  • 184,510Assets per employee
  • 5.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.55%Loss allowance to noncurrent loans
  • 45.76%Noncurrent assets plus other real estate owned to assets
  • 11.00%Noncurrent loans to loans
  • 7.76%Net loans and leases to deposits
  • 79.82%Net loans and leases to core deposits
  • 124.32%Equity capital to assets
  • 5.31%Core capital (leverage) ratio
  • 5.38%Tier 1 risk-based capital ratio
  • 7.91%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $81,625Average earning assets
  • $6,212Average equity
  • $72,606Average loans

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