First Commercial Bank of Manatee County in Bradenton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 13, 1995

  • First Commercial Bank of Manatee County in Bradenton, Florida (FL)
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First Commercial Bank of Manatee County - Overview

  • General
  • FDIC Certificate #: 21102
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank of the Suncoast (#27461)
    Federal Reserve ID: 681838
    Date Established: June 01, 1973
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 14585
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 01, 1973
    Last Structure Change Effective Date: September 13, 1995
    Last Structure Change Process Date: September 27, 1995
    Last Data Update: September 27, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 410 Cortez Road West, Bradenton, FL 33506
    County: Manatee
    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: $38.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $26Total assets
  • $37,410Cash and due from depository institutions
  • $2,022Interest-bearing balances
  • $0Securities
  • $8,954Federal funds sold & reverse repurchase agreements
  • $1,029Net loans & leases
  • $23,939Loan loss allowance
  • $418Trading account assets
  • $0Bank premises and fixed assets
  • $775Other real estate owned
  • $130Goodwill and other intangibles
  • $561Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $37,410Total liabilities
  • $34,770Total deposits
  • $34,595Interest-bearing deposits
  • $27,551Deposits held in domestic offices
  • 34595.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $175Total equity capital
  • $175Total bank equity capital
  • $2,640Perpetual preferred stock
  • $0Common stock
  • $740Surplus
  • $1,650Undivided profits
  • Memoranda
  • $250Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $315Income earned, not collected on loans
  • $250Earning assets
  • $33,922Long-term assets (5+ years)
  • $3,370Average Assets, year-to-date
  • $36,040Average Assets, quarterly
  • $36,962Volatile liabilities
  • $1,808Insider loans
  • $869FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,577Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,691Total risk weighted assets
  • $23,237Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,519Total interest expense
  • $902Net interest income
  • $1,617Provision for loan and lease losses
  • $0Total noninterest income
  • $312Fiduciary activities
  • $0Service charges on deposit accounts
  • $275Trading account gains & fees
  • $0Additional noninterest income
  • $37Total noninterest expense
  • $1,729Salaries and employee benefits
  • $810Premises and equipment expense
  • $325Additional noninterest expense
  • $594Pre-tax net operating income
  • $200Securities gains (losses)
  • $0Applicable income taxes
  • $47Income before extraordinary items
  • $153Extraordinary gains - net
  • $0Net income attributable to bank
  • $153Net charge-offs
  • -$12Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.75%Cost of funding earning assets
  • 2.78%Net interest margin
  • 4.98%Noninterest income to earning assets
  • 0.96%Noninterest expense to earning assets
  • 5.32%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 0.55%Return on equity (ROE)
  • 5.93%Retained earnings to average equity (YTD only)
  • 5.93%Net charge-offs to loans
  • -0.05%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 89,632Assets per employee
  • 1.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 132.70%Noncurrent assets plus other real estate owned to assets
  • 1.19%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 69.20%Net loans and leases to core deposits
  • 73.01%Equity capital to assets
  • 7.06%Core capital (leverage) ratio
  • 7.30%Tier 1 risk-based capital ratio
  • 11.58%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $36,040Average earning assets
  • $2,579Average equity
  • $32,485Average loans

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