FNBT.COM BANK in Fort Walton Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • FNBT.COM BANK in Fort Walton Beach, Florida (FL)
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FNBT.COM BANK - Overview

  • General
  • FDIC Certificate #: 17580
    Status: Active
    Federal Reserve ID: 697231
    Bank Holding Company (Regulatory Top Holder): Southern National Banks, Inc. (RSSDID: 1129823, Location: Fort Walton Beach, FL)
    Date Established: April 09, 1956
    WWW: http://www.fnbt.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 9480
    FDIC's unique #: 11552
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: April 09, 1956
    Last Structure Change Effective Date: June 22, 2009
    Last Structure Change Process Date: June 29, 2009
    Last Data Update: June 29, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 29 North Eglin Parkway, N.E., Fort Walton Beach, FL 32548
    County: Okaloosa
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Walton Beach, FL (#2750)
    Core Based Statistical Area (CBSA): Crestview-Fort Walton Beach-Destin, FL (#18880)
    CBSA Metro Statistical Area: Crestview-Fort Walton Beach-Destin, FL (#18880)
  • History of Changes
  • Name Change
    Change in Supervisory Agency
    Change in Chartering Agent
  • Financial Summary
  • Total assets: $355.4 mil
    Equity capital: $43.9 mil
    Deposits held in domestic offices: $293.4 mil
    Return on assets (ROA): 0.73% ($2.6 mil)
    Quarterly return on assets: -0.05% (-$0.2 mil)
    Return on Equity (ROE): 5.84% ($2.6 mil)
    Quarterly return on equity: -0.38% (-$0.2 mil)
    Net income: $2.6 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.73% ($2,594.1 mil)
    Quarterly Pretax return on assets: -0.05% (-$177.7 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, 2011)

  • Dollar figures in thousands
  • 116Total employees (full-time equivalent)
  • $355,354Total assets
  • $162,157Cash and due from depository institutions
  • $155,231Interest-bearing balances
  • $8,922Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $145,808Net loans & leases
  • $4,346Loan loss allowance
  • $0Trading account assets
  • $23,436Bank premises and fixed assets
  • $9,558Other real estate owned
  • $0Goodwill and other intangibles
  • $355,354Life insurance assets
  • $5,473All other assets
  • $311,475Total liabilities and capital
  • $293,443Total liabilities
  • $275,050Total deposits
  • $293,443Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 15434.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $158Trading liabilities
  • $0Other borrowed funds
  • $2,440Subordinated debt
  • $43,879All other liabilities
  • $43,879Total equity capital
  • $43,879Total bank equity capital
  • $0Perpetual preferred stock
  • $1,400Common stock
  • $1,400Surplus
  • $41,079Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,625Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,174Income earned, not collected on loans
  • $0Earning assets
  • $597Long-term assets (5+ years)
  • $309,961Average Assets, year-to-date
  • $74,535Average Assets, quarterly
  • $364,410Volatile liabilities
  • $363,028Insider loans
  • $216,060FHLB advances
  • $371,994Loans and leases held for sale
  • $3,133Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $43,845Tier 2 risk-based capital
  • $3,133Total risk weighted assets
  • $0Total unused commitments
  • $33,428Restructured Loans and leases
  • $794Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,867Total interest income
  • $1,978Total interest expense
  • $9,889Net interest income
  • $985Provision for loan and lease losses
  • $8,278Total noninterest income
  • $0Fiduciary activities
  • $1,088Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,190Additional noninterest income
  • $14,536Total noninterest expense
  • $7,373Salaries and employee benefits
  • $1,810Premises and equipment expense
  • $5,353Additional noninterest expense
  • $2,646Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,646Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,646Net income attributable to bank
  • $0Net charge-offs
  • $2,646Cash dividends
  • $780Sale, conversion, retirement of capital stock, net
  • $4,225Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.72%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 3.10%Net interest margin
  • 2.59%Noninterest income to earning assets
  • 4.55%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 5.84%Return on equity (ROE)
  • -3.48%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 126.28%Credit loss provision to net charge-offs
  • 4.66%Efficiency ratio
  • 80,013Assets per employee
  • 3.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 159.67%Loss allowance to loans
  • 2.89%Loss allowance to noncurrent loans
  • 370.19%Noncurrent assets plus other real estate owned to assets
  • 3.02%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 49.69%Net loans and leases to core deposits
  • 52.53%Equity capital to assets
  • 12.35%Core capital (leverage) ratio
  • 11.79%Tier 1 risk-based capital ratio
  • 20.29%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $364,410Average earning assets
  • $45,315Average equity
  • $319,334Average loans

List of branches

  • 12 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011552Fnbt.Com Bank29 North Eglin Parkway, N.E., Fort Walton Beach, FL 32548April 09, 1956Full Service Brick and Mortar
    1242255FacilityAuxiliary Field No. 9, Hurlburt Field, FL 32544July 11, 1961Limited Service Military Facility
    2242256Northside Branch448 North Eglin Parkway, Ocean City, FL 32548April 04, 1977Full Service Brick and Mortar
    3242257Destin Branch415 Highway 98, Destin, FL 32541September 15, 1978Full Service Brick and Mortar
    4242258Mary Esther Branch3 Mary Esther Cutoff, Mary Esther, FL 32569March 13, 1980Full Service Brick and Mortar
    5242259Crestview Branch885 South Ferndon Blvd, Crestview, FL 32536May 29, 1985Full Service Brick and Mortar
    7242261Niceville Branch1065 John Sims Parkway East, Niceville, FL 32578May 16, 1994Full Service Brick and Mortar
    8242262Navarre Branch1803 Alhambra, Navarre, FL 32566August 28, 1995Full Service Brick and Mortar
    10242264Defuniak Springs Branch11 North 9th Avenue, De Funiak Springs, FL 32433April 08, 1996Full Service Brick and Mortar
    12242266Fort Walton Main Branch29 Northeast Eglin Parkway, Fort Walton Beach, FL 32548May 29, 1997Limited Service Consumer Credit
    14242268Highway 98 West Branch11490 Us Highway 98 West, Destin, FL 32541October 21, 1999Full Service Brick and Mortar
    19452577Shalimar Branch1104 N Eglin Parkway, Shalimar, FL 32579June 01, 2006Full Service Brick and Mortar

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