Madison Bank in Palm Harbor, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 20, 2004

  • Madison Bank in Palm Harbor, Florida (FL)
  • Show street view No street view available for this location

Madison Bank - Overview

  • General
  • FDIC Certificate #: 32408
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Whitney National Bank (#18538)
    Federal Reserve ID: 238371
    Date Established: November 21, 1985
    WWW: http://www.madison-bank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 8232
    FDIC's unique #: 45242
    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: August 20, 2004
    Last Structure Change Process Date: October 12, 2004
    Last Data Update: October 12, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 35388 U.S. Highway 19 North, Palm Harbor, FL 34684
    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)
  • Financial Summary
  • Total assets: $225.8 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2003)

  • Dollar figures in thousands
  • 65Total employees (full-time equivalent)
  • $204,916Total assets
  • $5,424Cash and due from depository institutions
  • $195Interest-bearing balances
  • $20,453Securities
  • $788Federal funds sold & reverse repurchase agreements
  • $169,412Net loans & leases
  • $2,449Loan loss allowance
  • $0Trading account assets
  • $5,083Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,756All other assets
  • $204,916Total liabilities and capital
  • $186,414Total liabilities
  • $158,155Total deposits
  • $127,382Interest-bearing deposits
  • $158,155Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,124Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $26,125Other borrowed funds
  • $0Subordinated debt
  • $1,010All other liabilities
  • $18,502Total equity capital
  • $18,502Total bank equity capital
  • $18,502Perpetual preferred stock
  • $0Common stock
  • $1,641Surplus
  • $13,034Undivided profits
  • Memoranda
  • $3,827Noncurrent loans and leases
  • $34,774Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $206Earning assets
  • $0Long-term assets (5+ years)
  • $714Average Assets, year-to-date
  • $190,848Average Assets, quarterly
  • $16,264Volatile liabilities
  • $197,162Insider loans
  • $201,181FHLB advances
  • $37,807Loans and leases held for sale
  • $7,159Unused loan commitments
  • $26,125Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $34,774Total unused commitments
  • $0Restructured Loans and leases
  • $2,269Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $12,034Total interest income
  • $3,728Total interest expense
  • $8,306Net interest income
  • $405Provision for loan and lease losses
  • $1,802Total noninterest income
  • $0Fiduciary activities
  • $832Service charges on deposit accounts
  • $0Trading account gains & fees
  • $970Additional noninterest income
  • $5,990Total noninterest expense
  • $3,452Salaries and employee benefits
  • $998Premises and equipment expense
  • $1,540Additional noninterest expense
  • $3,713Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,411Applicable income taxes
  • $2,302Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,302Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $14Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.50%Yield on earning assets
  • 2.01%Cost of funding earning assets
  • 4.48%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.88%Pretax return on assets
  • 13.22%Return on equity (ROE)
  • 12.07%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 2892.86%Credit loss provision to net charge-offs
  • 294.14%Efficiency ratio
  • 59,260Assets per employee
  • 3.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.69%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 1188.83%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 107.12%Net loans and leases to core deposits
  • 129.72%Equity capital to assets
  • 9.03%Core capital (leverage) ratio
  • 9.13%Tier 1 risk-based capital ratio
  • 10.13%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $197,162Average earning assets
  • $17,409Average equity
  • $185,236Average 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 Madison Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents