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

This bank is inactive as of September 30, 1996

  • Heritage National Bank in Fort Myers, Florida (FL)
  • Show street view No street view available for this location

Heritage National Bank - Overview

  • General
  • FDIC Certificate #: 27551
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank of Florida, National Association (#21679)
    Federal Reserve ID: 1401622
    Date Established: July 17, 1989
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 11577
    FDIC's unique #: 40331
    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: July 17, 1989
    Last Structure Change Effective Date: September 30, 1996
    Last Structure Change Process Date: October 23, 1996
    Last Data Update: October 23, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 4245 Fowler Street, Fort Myers, FL 33901
    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: $87.6 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)
  • $46Total assets
  • $88,188Cash and due from depository institutions
  • $6,652Interest-bearing balances
  • $1,038Securities
  • $8,840Federal funds sold & reverse repurchase agreements
  • $5,955Net loans & leases
  • $63,097Loan loss allowance
  • $490Trading account assets
  • $0Bank premises and fixed assets
  • $2,751Other real estate owned
  • $104Goodwill and other intangibles
  • $789Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $88,188Total liabilities
  • $80,919Total deposits
  • $73,973Interest-bearing deposits
  • $63,310Deposits held in domestic offices
  • 73973.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $6,281Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $665Total equity capital
  • $665Total bank equity capital
  • $7,269Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $2,731Undivided profits
  • Memoranda
  • $2,038Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $668Income earned, not collected on loans
  • $410Earning assets
  • $78,930Long-term assets (5+ years)
  • $5,557Average Assets, year-to-date
  • $83,610Average Assets, quarterly
  • $85,937Volatile liabilities
  • $16,250Insider loans
  • $3,967FHLB advances
  • $0Loans and leases held for sale
  • $1,125Unused loan commitments
  • $8,562Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,283Total risk weighted assets
  • $62,984Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,419Total interest expense
  • $2,825Net interest income
  • $3,594Provision for loan and lease losses
  • $165Total noninterest income
  • $498Fiduciary activities
  • $0Service charges on deposit accounts
  • $203Trading account gains & fees
  • $0Additional noninterest income
  • $295Total noninterest expense
  • $2,810Salaries and employee benefits
  • $1,445Premises and equipment expense
  • $481Additional noninterest expense
  • $884Pre-tax net operating income
  • $1,117Securities gains (losses)
  • $14Applicable income taxes
  • $398Income before extraordinary items
  • $733Extraordinary gains - net
  • $0Net income attributable to bank
  • $733Net charge-offs
  • $102Cash 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
  • 8.39%Cost of funding earning assets
  • 3.69%Net interest margin
  • 4.70%Noninterest income to earning assets
  • 0.65%Noninterest expense to earning assets
  • 3.67%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 1.35%Return on equity (ROE)
  • 10.70%Retained earnings to average equity (YTD only)
  • 10.70%Net charge-offs to loans
  • 0.17%Credit loss provision to net charge-offs
  • 161.76%Efficiency ratio
  • 68,671Assets per employee
  • 1.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 73.35%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 1.05%Net loans and leases to deposits
  • 85.30%Net loans and leases to core deposits
  • 98.58%Equity capital to assets
  • 8.24%Core capital (leverage) ratio
  • 8.52%Tier 1 risk-based capital ratio
  • 11.56%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $83,610Average earning assets
  • $6,852Average equity
  • $76,542Average loans

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