Founders National Trust Bank in Fort Myers, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 12, 1996

  • Founders National Trust Bank in Fort Myers, Florida (FL)
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Founders National Trust Bank - Overview

  • General
  • FDIC Certificate #: 26785
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chase Federal Bank, a Federal Savings Bank (#29001)
    Federal Reserve ID: 98539
    Date Established: September 03, 1986
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 10690
    FDIC's unique #: 35933
    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: September 03, 1986
    Last Structure Change Effective Date: January 12, 1996
    Last Structure Change Process Date: March 15, 1996
    Last Data Update: March 15, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 13525 Bell Tower Drive, Fort Myers, FL 33907
    County: Lee
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Myers-Cape Coral, FL (#2700)
    Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980)
    CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
  • Financial Summary
  • Total assets: $106.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $34Total assets
  • $106,396Cash and due from depository institutions
  • $4,822Interest-bearing balances
  • $179Securities
  • $18,122Federal funds sold & reverse repurchase agreements
  • $6,850Net loans & leases
  • $71,436Loan loss allowance
  • $403Trading account assets
  • $0Bank premises and fixed assets
  • $3,165Other real estate owned
  • $0Goodwill and other intangibles
  • $1,070Life insurance assets
  • $931All other assets
  • $0Total liabilities and capital
  • $106,396Total liabilities
  • $101,528Total deposits
  • $98,817Interest-bearing deposits
  • $89,456Deposits held in domestic offices
  • 98817.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $1,856Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $855Total equity capital
  • $855Total bank equity capital
  • $4,868Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $8,923Undivided profits
  • Memoranda
  • $-4,555Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $169Income earned, not collected on loans
  • $391Earning assets
  • $96,587Long-term assets (5+ years)
  • $23,456Average Assets, year-to-date
  • $109,638Average Assets, quarterly
  • $107,239Volatile liabilities
  • $16,122Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $100Unused loan commitments
  • $4,648Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,968Total risk weighted assets
  • $56,400Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,794Total interest expense
  • $5,064Net interest income
  • $2,730Provision for loan and lease losses
  • -$52Total noninterest income
  • $581Fiduciary activities
  • $136Service charges on deposit accounts
  • $75Trading account gains & fees
  • $0Additional noninterest income
  • $370Total noninterest expense
  • $4,054Salaries and employee benefits
  • $1,625Premises and equipment expense
  • $833Additional noninterest expense
  • $1,596Pre-tax net operating income
  • -$691Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$691Extraordinary gains - net
  • $0Net income attributable to bank
  • -$691Net charge-offs
  • -$5Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.83%Cost of funding earning assets
  • 5.09%Net interest margin
  • 2.74%Noninterest income to earning assets
  • 0.58%Noninterest expense to earning assets
  • 4.08%Net operating income to assets
  • -0.63%Return on assets (ROA)
  • -0.63%Pretax return on assets
  • -0.63%Return on equity (ROE)
  • -13.19%Retained earnings to average equity (YTD only)
  • -13.19%Net charge-offs to loans
  • -0.01%Credit loss provision to net charge-offs
  • 1040.00%Efficiency ratio
  • 115,524Assets per employee
  • 3.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.56%Loss allowance to noncurrent loans
  • 238.46%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 72.29%Net loans and leases to core deposits
  • 84.49%Equity capital to assets
  • 4.58%Core capital (leverage) ratio
  • 3.86%Tier 1 risk-based capital ratio
  • 7.04%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $109,638Average earning assets
  • $5,239Average equity
  • $99,484Average loans

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