First National Bank of Venice in Venice, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 26, 1993

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

First National Bank of Venice - Overview

  • General
  • FDIC Certificate #: 18733
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank, Gulf Coast (#16882)
    Federal Reserve ID: 451536
    Date Established: March 29, 1963
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Interstate: No)
    FDIC's unique #: 12600
    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, 1963
    Last Structure Change Effective Date: Febuary 26, 1993
    Last Structure Change Process Date: April 21, 1993
    Last Data Update: April 21, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Nokomis Avenue South, Venice, FL 34284
    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: $365.4 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $168Total assets
  • $365,409Cash and due from depository institutions
  • $16,489Interest-bearing balances
  • $4,000Securities
  • $62,514Federal funds sold & reverse repurchase agreements
  • $4,050Net loans & leases
  • $258,147Loan loss allowance
  • $6,856Trading account assets
  • $0Bank premises and fixed assets
  • $3,260Other real estate owned
  • $1,122Goodwill and other intangibles
  • $5,973Life insurance assets
  • $13,854All other assets
  • $0Total liabilities and capital
  • $365,409Total liabilities
  • $317,636Total deposits
  • $303,060Interest-bearing deposits
  • $260,934Deposits held in domestic offices
  • 303060.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $11,604Trading liabilities
  • $0Other borrowed funds
  • $804Subordinated debt
  • $0All other liabilities
  • $2,168Total equity capital
  • $2,168Total bank equity capital
  • $47,773Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $42,658Undivided profits
  • Memoranda
  • $3,115Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,419Income earned, not collected on loans
  • $1,210Earning assets
  • $328,711Long-term assets (5+ years)
  • $26,278Average Assets, year-to-date
  • $381,072Average Assets, quarterly
  • $368,970Volatile liabilities
  • $19,875Insider loans
  • $1,113FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $24,931Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $33,919Total risk weighted assets
  • $217,940Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $28,266Total interest expense
  • $10,915Net interest income
  • $17,351Provision for loan and lease losses
  • $1,123Total noninterest income
  • $4,702Fiduciary activities
  • $2,865Service charges on deposit accounts
  • $735Trading account gains & fees
  • $0Additional noninterest income
  • $1,102Total noninterest expense
  • $13,318Salaries and employee benefits
  • $6,033Premises and equipment expense
  • $2,354Additional noninterest expense
  • $4,931Pre-tax net operating income
  • $7,612Securities gains (losses)
  • $0Applicable income taxes
  • $3,133Income before extraordinary items
  • $4,479Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,479Net charge-offs
  • $628Cash dividends
  • $1,364Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.11%Cost of funding earning assets
  • 3.13%Net interest margin
  • 4.98%Noninterest income to earning assets
  • 1.35%Noninterest expense to earning assets
  • 3.82%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 2.00%Return on equity (ROE)
  • 10.44%Retained earnings to average equity (YTD only)
  • 7.26%Net charge-offs to loans
  • 0.24%Credit loss provision to net charge-offs
  • 178.82%Efficiency ratio
  • 55,952Assets per employee
  • 2.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.45%Loss allowance to loans
  • 2.59%Loss allowance to noncurrent loans
  • 81.43%Noncurrent assets plus other real estate owned to assets
  • 2.61%Noncurrent loans to loans
  • 3.18%Net loans and leases to deposits
  • 85.18%Net loans and leases to core deposits
  • 87.33%Equity capital to assets
  • 13.07%Core capital (leverage) ratio
  • 9.66%Tier 1 risk-based capital ratio
  • 15.56%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $381,072Average earning assets
  • $42,904Average equity
  • $348,454Average 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 First National Bank of Venice.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents