Fortune Bank a Savings Bank in Clearwater, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 24, 1994

  • Fortune Bank a Savings Bank in Clearwater, Florida (FL)
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Fortune Bank a Savings Bank - Overview

  • General
  • FDIC Certificate #: 29114
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: AmSouth Bank of Florida (#27083)
    Federal Reserve ID: 897974
    Date Established: August 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2935
    FDIC's unique #: 41948
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 23, 1934
    Last Structure Change Effective Date: June 24, 1994
    Last Structure Change Process Date: July 11, 1994
    Last Data Update: September 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 2120 U S 19 South, Clearwater, FL 33546
    County: Pinellas
    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): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $2,677.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $778Total assets
  • $2,741,351Cash and due from depository institutions
  • $51,241Interest-bearing balances
  • $10,360Securities
  • $1,009,159Federal funds sold & reverse repurchase agreements
  • $62,253Net loans & leases
  • $1,475,867Loan loss allowance
  • $30,442Trading account assets
  • $0Bank premises and fixed assets
  • $36,677Other real estate owned
  • $6,726Goodwill and other intangibles
  • $60,834Life insurance assets
  • $38,594All other assets
  • $0Total liabilities and capital
  • $2,741,351Total liabilities
  • $2,573,517Total deposits
  • $1,931,791Interest-bearing deposits
  • $1,931,791Deposits held in domestic offices
  • 1931791.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $369,068Trading liabilities
  • $0Other borrowed funds
  • $255,448Subordinated debt
  • $0All other liabilities
  • $17,210Total equity capital
  • $17,210Total bank equity capital
  • $167,834Perpetual preferred stock
  • $11Common stock
  • $26Surplus
  • $94,270Undivided profits
  • Memoranda
  • $73,527Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $46,508Income earned, not collected on loans
  • $8,711Earning assets
  • $2,557,639Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $2,634,926Average Assets, quarterly
  • $2,646,506Volatile liabilities
  • $770,981Insider loans
  • $0FHLB advances
  • $251,000Loans and leases held for sale
  • $0Unused loan commitments
  • $174,973Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $160,713Total risk weighted assets
  • $1,289,203Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $159,156Total interest expense
  • $89,177Net interest income
  • $69,979Provision for loan and lease losses
  • $15,746Total noninterest income
  • $5,408Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $5,408Total noninterest expense
  • $65,482Salaries and employee benefits
  • $27,577Premises and equipment expense
  • $11,500Additional noninterest expense
  • $26,405Pre-tax net operating income
  • -$5,841Securities gains (losses)
  • $7,269Applicable income taxes
  • -$3,282Income before extraordinary items
  • $4,710Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,710Net charge-offs
  • $12,726Cash dividends
  • $2,745Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.51%Cost of funding earning assets
  • 3.65%Net interest margin
  • 2.86%Noninterest income to earning assets
  • 0.22%Noninterest expense to earning assets
  • 2.68%Net operating income to assets
  • -0.10%Return on assets (ROA)
  • 0.18%Pretax return on assets
  • 0.05%Return on equity (ROE)
  • 2.79%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 0.86%Credit loss provision to net charge-offs
  • 123.73%Efficiency ratio
  • 84,679Assets per employee
  • 3.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.28%Loss allowance to loans
  • 2.02%Loss allowance to noncurrent loans
  • 65.46%Noncurrent assets plus other real estate owned to assets
  • 1.94%Noncurrent loans to loans
  • 3.09%Net loans and leases to deposits
  • 76.40%Net loans and leases to core deposits
  • 82.67%Equity capital to assets
  • 6.12%Core capital (leverage) ratio
  • 5.89%Tier 1 risk-based capital ratio
  • 12.47%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $2,634,926Average earning assets
  • $168,626Average equity
  • $2,443,095Average loans

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