Merchant Bank of Florida in Brandon, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 15, 1994

  • Merchant Bank of Florida in Brandon, Florida (FL)
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Merchant Bank of Florida - Overview

  • General
  • FDIC Certificate #: 24992
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fort Brooke Bank (#32078)
    Federal Reserve ID: 341235
    Date Established: March 01, 1984
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 17316
    Numeric code: 13
    Regulator: FED
    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: March 01, 1984
    Last Structure Change Effective Date: July 15, 1994
    Last Structure Change Process Date: July 21, 1994
    Last Data Update: July 21, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 710 Oakfield Drive, Brandon, FL 33511
    County: Hillsborough
    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: $56.9 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $29Total assets
  • $60,007Cash and due from depository institutions
  • $5,711Interest-bearing balances
  • $0Securities
  • $12,260Federal funds sold & reverse repurchase agreements
  • $8,100Net loans & leases
  • $32,475Loan loss allowance
  • $720Trading account assets
  • $0Bank premises and fixed assets
  • $247Other real estate owned
  • $638Goodwill and other intangibles
  • $472Life insurance assets
  • $104All other assets
  • $0Total liabilities and capital
  • $60,007Total liabilities
  • $54,881Total deposits
  • $54,759Interest-bearing deposits
  • $40,045Deposits held in domestic offices
  • 54759.00%% insured (estimated)
  • $65Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $122Total equity capital
  • $122Total bank equity capital
  • $5,126Perpetual preferred stock
  • $0Common stock
  • $1,399Surplus
  • $2,263Undivided profits
  • Memoranda
  • $1,464Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $86Income earned, not collected on loans
  • $159Earning assets
  • $52,835Long-term assets (5+ years)
  • $1,385Average Assets, year-to-date
  • $56,294Average Assets, quarterly
  • $56,534Volatile liabilities
  • $9,935Insider loans
  • $2,876FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $5,640Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,022Total risk weighted assets
  • $36,287Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,414Total interest expense
  • $1,001Net interest income
  • $2,413Provision for loan and lease losses
  • $0Total noninterest income
  • $320Fiduciary activities
  • $0Service charges on deposit accounts
  • $211Trading account gains & fees
  • $0Additional noninterest income
  • $109Total noninterest expense
  • $2,035Salaries and employee benefits
  • $969Premises and equipment expense
  • $350Additional noninterest expense
  • $716Pre-tax net operating income
  • $698Securities gains (losses)
  • $0Applicable income taxes
  • $304Income before extraordinary items
  • $394Extraordinary gains - net
  • $173Net income attributable to bank
  • $567Net charge-offs
  • -$47Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.83%Cost of funding earning assets
  • 2.00%Net interest margin
  • 4.83%Noninterest income to earning assets
  • 0.64%Noninterest expense to earning assets
  • 4.07%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 1.55%Return on equity (ROE)
  • 11.67%Retained earnings to average equity (YTD only)
  • 11.67%Net charge-offs to loans
  • -0.14%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 73,802Assets per employee
  • 2.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.17%Loss allowance to noncurrent loans
  • 837.21%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 59.31%Net loans and leases to core deposits
  • 72.45%Equity capital to assets
  • 8.54%Core capital (leverage) ratio
  • 8.93%Tier 1 risk-based capital ratio
  • 13.84%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $56,294Average earning assets
  • $4,858Average equity
  • $49,956Average loans

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