Marine Bank in St. Petersburg, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 07, 1998

Marine Bank in St. Petersburg, Florida (FL)
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Marine Bank - Overview

General
FDIC Certificate #: 26826
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank (#849)
Federal Reserve ID: 801935
Date Established: November 10, 1986
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 36052
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: November 10, 1986
Last Structure Change Effective Date: August 07, 1998
Last Structure Change Process Date: August 25, 1998
Last Data Update: August 25, 1998
Data Source Date: April 05, 2012
Location
Address: 9400 Ninth Street North, St. Petersburg, FL 33742
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: $62.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
18Total employees (full-time equivalent)
$58,499Total assets
$1,935Cash and due from depository institutions
$0Interest-bearing balances
$16,287Securities
$3,500Federal funds sold & reverse repurchase agreements
$35,395Net loans & leases
$575Loan loss allowance
$0Trading account assets
$753Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$629All other assets
$58,499Total liabilities and capital
$51,167Total liabilities
$48,404Total deposits
$37,952Interest-bearing deposits
$48,404Deposits held in domestic offices
0.00%% insured (estimated)
$2,440Federal funds purchased & repurchase agreements
$0Trading liabilities
$17Other borrowed funds
$0Subordinated debt
$306All other liabilities
$7,332Total equity capital
$7,332Total bank equity capital
$7,332Perpetual preferred stock
$0Common stock
$1,344Surplus
$5,000Undivided profits
Memoranda
$988Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$154Average Assets, year-to-date
$55,182Average Assets, quarterly
$2,471Volatile liabilities
$55,731Insider loans
$56,844FHLB advances
$15,925Loans and leases held for sale
$4,193Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,983Total unused commitments
$0Restructured Loans and leases
$36,837Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$4,458Total interest income
$1,804Total interest expense
$2,654Net interest income
$0Provision for loan and lease losses
$124Total noninterest income
$0Fiduciary activities
$104Service charges on deposit accounts
$0Trading account gains & fees
$20Additional noninterest income
$1,222Total noninterest expense
$618Salaries and employee benefits
$141Premises and equipment expense
$463Additional noninterest expense
$1,556Pre-tax net operating income
$0Securities gains (losses)
$576Applicable income taxes
$980Income before extraordinary items
$0Extraordinary gains - net
$980Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$135Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.48%Yield on earning assets
3.43%Cost of funding earning assets
5.05%Net interest margin
0.24%Noninterest income to earning assets
2.33%Noninterest expense to earning assets
1.76%Net operating income to assets
1.76%Return on assets (ROA)
2.79%Pretax return on assets
14.14%Return on equity (ROE)
12.19%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
43,988Assets per employee
3.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
13.78%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
73.12%Net loans and leases to core deposits
101.36%Equity capital to assets
12.53%Core capital (leverage) ratio
12.72%Tier 1 risk-based capital ratio
19.79%Total risk-based capital ratio
Memoranda
$21Average assets
$55,731Average earning assets
$6,933Average equity
$52,556Average loans

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