Compass Bank in Jacksonville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 17, 1997

  • Compass Bank in Jacksonville, Florida (FL)
  • Show street view No street view available for this location

Compass Bank - Overview

  • General
  • FDIC Certificate #: 33461
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Compass Bank (#19048)
    Federal Reserve ID: 1872204
    Date Established: July 12, 1991
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 35 (Interstate: No)
    OTS Docket #: 13981
    FDIC's unique #: 47167
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 12, 1991
    Last Structure Change Effective Date: September 17, 1997
    Last Structure Change Process Date: October 03, 1997
    Last Data Update: October 03, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 76 South Laura Street, Jacksonville, FL 32202
    County: Duval
    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): Jacksonville, FL (#3600)
    Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
    CBSA Metro Statistical Area: Jacksonville, FL (#27260)
  • Financial Summary
  • Total assets: $1,228.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $334Total assets
  • $1,041,628Cash and due from depository institutions
  • $15,592Interest-bearing balances
  • $0Securities
  • $240,841Federal funds sold & reverse repurchase agreements
  • $21Net loans & leases
  • $710,220Loan loss allowance
  • $6,831Trading account assets
  • $0Bank premises and fixed assets
  • $18,895Other real estate owned
  • $1,585Goodwill and other intangibles
  • $13,141Life insurance assets
  • $41,333All other assets
  • $0Total liabilities and capital
  • $1,041,628Total liabilities
  • $932,700Total deposits
  • $853,996Interest-bearing deposits
  • $774,571Deposits held in domestic offices
  • 853996.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $70,855Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $7,849Total equity capital
  • $7,849Total bank equity capital
  • $108,928Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $104,212Undivided profits
  • Memoranda
  • $4,715Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,456Income earned, not collected on loans
  • $8,716Earning assets
  • $951,082Long-term assets (5+ years)
  • $371,850Average Assets, year-to-date
  • $793,614Average Assets, quarterly
  • $1,045,134Volatile liabilities
  • $176,630Insider loans
  • $1,035FHLB advances
  • $0Loans and leases held for sale
  • $6,617Unused loan commitments
  • $81,426Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $67,555Total risk weighted assets
  • $656,815Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $57,173Total interest expense
  • $30,902Net interest income
  • $26,271Provision for loan and lease losses
  • $318Total noninterest income
  • $8,386Fiduciary activities
  • $0Service charges on deposit accounts
  • $5,515Trading account gains & fees
  • $0Additional noninterest income
  • $2,871Total noninterest expense
  • $27,573Salaries and employee benefits
  • $7,912Premises and equipment expense
  • $2,755Additional noninterest expense
  • $16,906Pre-tax net operating income
  • $6,766Securities gains (losses)
  • -$1Applicable income taxes
  • $3,291Income before extraordinary items
  • $3,474Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,474Net charge-offs
  • $318Cash dividends
  • $5,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.87%Cost of funding earning assets
  • 4.25%Net interest margin
  • 3.62%Noninterest income to earning assets
  • 1.15%Noninterest expense to earning assets
  • 3.79%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 0.85%Return on equity (ROE)
  • 4.10%Retained earnings to average equity (YTD only)
  • -1.80%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • 100.00%Efficiency ratio
  • 71,815Assets per employee
  • 3.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 143.93%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 153.30%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 83.16%Net loans and leases to core deposits
  • 94.92%Equity capital to assets
  • 10.46%Core capital (leverage) ratio
  • 6.65%Tier 1 risk-based capital ratio
  • 10.29%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $793,614Average earning assets
  • $84,689Average equity
  • $726,643Average loans

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