Enterprise National Bank of Sarasota in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 20, 1997

  • Enterprise National Bank of Sarasota in Sarasota, Florida (FL)
  • Show street view No street view available for this location

Enterprise National Bank of Sarasota - Overview

  • General
  • FDIC Certificate #: 27478
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Provident Bank of Florida (#27383)
    Federal Reserve ID: 1371127
    Date Established: March 29, 1989
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 12103
    FDIC's unique #: 40095
    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: March 29, 1989
    Last Structure Change Effective Date: October 20, 1997
    Last Structure Change Process Date: November 17, 1997
    Last Data Update: November 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 1549 Ringling Boulevard, Sarasota, FL 34236
    County: Sarasota
    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): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • Financial Summary
  • Total assets: $167.4 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)
  • $51Total assets
  • $158,322Cash and due from depository institutions
  • $6,767Interest-bearing balances
  • $203Securities
  • $45,830Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $102,134Loan loss allowance
  • $1,275Trading account assets
  • $0Bank premises and fixed assets
  • $2,102Other real estate owned
  • $0Goodwill and other intangibles
  • $1,489Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $158,322Total liabilities
  • $146,822Total deposits
  • $137,922Interest-bearing deposits
  • $120,631Deposits held in domestic offices
  • 137922.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $3,728Trading liabilities
  • $0Other borrowed funds
  • $4,148Subordinated debt
  • $0All other liabilities
  • $1,024Total equity capital
  • $1,024Total bank equity capital
  • $11,500Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $4,200Undivided profits
  • Memoranda
  • $3,300Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $255Income earned, not collected on loans
  • $650Earning assets
  • $148,167Long-term assets (5+ years)
  • $25,208Average Assets, year-to-date
  • $145,595Average Assets, quarterly
  • $153,922Volatile liabilities
  • $28,440Insider loans
  • $3,036FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $21,172Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,112Total risk weighted assets
  • $105,050Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,202Total interest expense
  • $5,350Net interest income
  • $5,852Provision for loan and lease losses
  • $225Total noninterest income
  • $578Fiduciary activities
  • $0Service charges on deposit accounts
  • $427Trading account gains & fees
  • $0Additional noninterest income
  • $151Total noninterest expense
  • $3,719Salaries and employee benefits
  • $1,727Premises and equipment expense
  • $816Additional noninterest expense
  • $1,176Pre-tax net operating income
  • $2,486Securities gains (losses)
  • -$3Applicable income taxes
  • $918Income before extraordinary items
  • $1,565Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,565Net charge-offs
  • -$12Cash dividends
  • $25Sale, 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
  • 8.27%Cost of funding earning assets
  • 3.95%Net interest margin
  • 4.32%Noninterest income to earning assets
  • 0.43%Noninterest expense to earning assets
  • 2.75%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 1.71%Return on equity (ROE)
  • 14.76%Retained earnings to average equity (YTD only)
  • 14.53%Net charge-offs to loans
  • -0.01%Credit loss provision to net charge-offs
  • -1875.00%Efficiency ratio
  • 57,838Assets per employee
  • 3.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1.60%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 500.00%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 74.05%Net loans and leases to core deposits
  • 87.78%Equity capital to assets
  • 7.26%Core capital (leverage) ratio
  • 7.21%Tier 1 risk-based capital ratio
  • 10.58%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $145,595Average earning assets
  • $10,601Average equity
  • $135,446Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Enterprise National Bank of Sarasota.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents