Liberty Bank of Fort Walton Beach in Fort Walton Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 22, 1993

  • Liberty Bank of Fort Walton Beach in Fort Walton Beach, Florida (FL)
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Liberty Bank of Fort Walton Beach - Overview

  • General
  • FDIC Certificate #: 32406
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Compass Bank (#30514)
    Federal Reserve ID: 804570
    Date Established: November 21, 1985
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 8230
    FDIC's unique #: 45240
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 21, 1985
    Last Structure Change Effective Date: October 22, 1993
    Last Structure Change Process Date: November 29, 1993
    Last Data Update: November 29, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 131 Racetrack Road, Fort Walton Beach, FL 32547
    County: Okaloosa
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Walton Beach, FL (#2750)
    Core Based Statistical Area (CBSA): Crestview-Fort Walton Beach-Destin, FL (#18880)
    CBSA Metro Statistical Area: Crestview-Fort Walton Beach-Destin, FL (#18880)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $43.4 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $42Total assets
  • $43,429Cash and due from depository institutions
  • $1,367Interest-bearing balances
  • $0Securities
  • $3,484Federal funds sold & reverse repurchase agreements
  • $2,203Net loans & leases
  • $35,099Loan loss allowance
  • $288Trading account assets
  • $0Bank premises and fixed assets
  • $326Other real estate owned
  • $462Goodwill and other intangibles
  • $488Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $43,429Total liabilities
  • $39,701Total deposits
  • $34,774Interest-bearing deposits
  • $31,372Deposits held in domestic offices
  • 34774.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,500Subordinated debt
  • $0All other liabilities
  • $427Total equity capital
  • $427Total bank equity capital
  • $3,728Perpetual preferred stock
  • $0Common stock
  • $2,400Surplus
  • $600Undivided profits
  • Memoranda
  • $728Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $40Income earned, not collected on loans
  • $188Earning assets
  • $40,786Long-term assets (5+ years)
  • $13,487Average Assets, year-to-date
  • $41,265Average Assets, quarterly
  • $44,835Volatile liabilities
  • $6,620Insider loans
  • $590FHLB advances
  • $0Loans and leases held for sale
  • $5,637Unused loan commitments
  • $4,930Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,728Total risk weighted assets
  • $28,155Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,496Total interest expense
  • $1,788Net interest income
  • $2,708Provision for loan and lease losses
  • $195Total noninterest income
  • $401Fiduciary activities
  • $0Service charges on deposit accounts
  • $144Trading account gains & fees
  • $0Additional noninterest income
  • $257Total noninterest expense
  • $2,187Salaries and employee benefits
  • $1,060Premises and equipment expense
  • $353Additional noninterest expense
  • $774Pre-tax net operating income
  • $727Securities gains (losses)
  • $42Applicable income taxes
  • $287Income before extraordinary items
  • $482Extraordinary gains - net
  • $0Net income attributable to bank
  • $482Net charge-offs
  • $70Cash dividends
  • $293Sale, 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
  • 11.65%Cost of funding earning assets
  • 4.63%Net interest margin
  • 7.02%Noninterest income to earning assets
  • 1.04%Noninterest expense to earning assets
  • 5.67%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 1.86%Return on equity (ROE)
  • 13.26%Retained earnings to average equity (YTD only)
  • 5.20%Net charge-offs to loans
  • 0.21%Credit loss provision to net charge-offs
  • 278.57%Efficiency ratio
  • 70,344Assets per employee
  • 1.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.79%Loss allowance to loans
  • 0.81%Loss allowance to noncurrent loans
  • 720.00%Noncurrent assets plus other real estate owned to assets
  • 1.16%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 100.93%Net loans and leases to core deposits
  • 107.49%Equity capital to assets
  • 8.58%Core capital (leverage) ratio
  • 8.09%Tier 1 risk-based capital ratio
  • 13.24%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $41,265Average earning assets
  • $3,636Average equity
  • $38,578Average loans

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