Newberry Bank in Newberry, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 12, 1998

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

Newberry Bank - Overview

  • General
  • FDIC Certificate #: 9628
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Republic Security Bank (#32254)
    Federal Reserve ID: 525334
    Date Established: May 21, 1906
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 14072
    FDIC's unique #: 6153
    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: January 01, 1934
    Last Structure Change Effective Date: December 12, 1998
    Last Structure Change Process Date: January 07, 1999
    Last Data Update: January 07, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Newberry, FL 32669
    County: Alachua
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Gainesville, FL (#2900)
    Core Based Statistical Area (CBSA): Gainesville, FL (#23540)
    CBSA Metro Statistical Area: Gainesville, FL (#23540)
  • Financial Summary
  • Total assets: $36.9 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
  • 22Total employees (full-time equivalent)
  • $38,755Total assets
  • $4,906Cash and due from depository institutions
  • $4,056Interest-bearing balances
  • $2,115Securities
  • $550Federal funds sold & reverse repurchase agreements
  • $30,080Net loans & leases
  • $394Loan loss allowance
  • $0Trading account assets
  • $740Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $364All other assets
  • $38,755Total liabilities and capital
  • $36,523Total liabilities
  • $34,671Total deposits
  • $31,537Interest-bearing deposits
  • $34,671Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $912Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $857Other borrowed funds
  • $0Subordinated debt
  • $83All other liabilities
  • $2,232Total equity capital
  • $2,232Total bank equity capital
  • $2,232Perpetual preferred stock
  • $0Common stock
  • $111Surplus
  • $1,192Undivided profits
  • Memoranda
  • $929Noncurrent 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)
  • $184Average Assets, year-to-date
  • $36,801Average Assets, quarterly
  • $8,561Volatile liabilities
  • $31,918Insider loans
  • $38,268FHLB advances
  • $8,333Loans and leases held for sale
  • $92Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,228Total unused commitments
  • $0Restructured Loans and leases
  • $27,886Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $3,055Total interest income
  • $1,430Total interest expense
  • $1,625Net interest income
  • $498Provision for loan and lease losses
  • $204Total noninterest income
  • $0Fiduciary activities
  • $162Service charges on deposit accounts
  • $0Trading account gains & fees
  • $42Additional noninterest income
  • $1,340Total noninterest expense
  • $624Salaries and employee benefits
  • $200Premises and equipment expense
  • $516Additional noninterest expense
  • -$9Pre-tax net operating income
  • $5Securities gains (losses)
  • $32Applicable income taxes
  • -$36Income before extraordinary items
  • $0Extraordinary gains - net
  • -$36Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $296Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 10.14%Yield on earning assets
  • 4.75%Cost of funding earning assets
  • 5.40%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 4.45%Noninterest expense to earning assets
  • -0.13%Net operating income to assets
  • -0.11%Return on assets (ROA)
  • -0.01%Pretax return on assets
  • -1.74%Return on equity (ROE)
  • -1.74%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 168.24%Credit loss provision to net charge-offs
  • 1.65%Efficiency ratio
  • 73,264Assets per employee
  • 1.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.29%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
  • 86.76%Net loans and leases to core deposits
  • 110.39%Equity capital to assets
  • 5.76%Core capital (leverage) ratio
  • 5.53%Tier 1 risk-based capital ratio
  • 7.66%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $31,918Average earning assets
  • $2,065Average equity
  • $30,119Average loans

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