Northern Trust Bank of Vero Beach in Vero Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 22, 1996

  • Northern Trust Bank of Vero Beach in Vero Beach, Florida (FL)
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Northern Trust Bank of Vero Beach - Overview

  • General
  • FDIC Certificate #: 19606
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Northern Trust, National Association (#24185)
    Federal Reserve ID: 575937
    Date Established: July 11, 1966
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 13405
    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: July 11, 1966
    Last Structure Change Effective Date: March 22, 1996
    Last Structure Change Process Date: April 11, 1996
    Last Data Update: April 11, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 755 Beachland Boulevard, Vero Beach, FL 32960
    County: Indian River
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Port St. Lucie-Sebastian-Vero Beach, FL (#442)
    Core Based Statistical Area (CBSA): Sebastian-Vero Beach, FL (#42680)
    CBSA Metro Statistical Area: Sebastian-Vero Beach, FL (#42680)
  • Financial Summary
  • Total assets: $199.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $79Total assets
  • $199,068Cash and due from depository institutions
  • $10,463Interest-bearing balances
  • $0Securities
  • $67,248Federal funds sold & reverse repurchase agreements
  • $19,052Net loans & leases
  • $95,252Loan loss allowance
  • $893Trading account assets
  • $0Bank premises and fixed assets
  • $4,303Other real estate owned
  • $635Goodwill and other intangibles
  • $2,115Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $199,068Total liabilities
  • $177,962Total deposits
  • $176,672Interest-bearing deposits
  • $154,899Deposits held in domestic offices
  • 176672.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,290Total equity capital
  • $1,290Total bank equity capital
  • $21,106Perpetual preferred stock
  • $0Common stock
  • $494Surplus
  • $9,128Undivided profits
  • Memoranda
  • $11,484Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,709Income earned, not collected on loans
  • $584Earning assets
  • $181,552Long-term assets (5+ years)
  • $9,510Average Assets, year-to-date
  • $196,922Average Assets, quarterly
  • $192,822Volatile liabilities
  • $12,558Insider loans
  • $48FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,689Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $20,892Total risk weighted assets
  • $87,283Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,949Total interest expense
  • $5,465Net interest income
  • $7,484Provision for loan and lease losses
  • $134Total noninterest income
  • $3,341Fiduciary activities
  • $2,862Service charges on deposit accounts
  • $282Trading account gains & fees
  • $0Additional noninterest income
  • $197Total noninterest expense
  • $6,599Salaries and employee benefits
  • $3,698Premises and equipment expense
  • $826Additional noninterest expense
  • $2,075Pre-tax net operating income
  • $4,092Securities gains (losses)
  • -$411Applicable income taxes
  • $1,451Income before extraordinary items
  • $2,230Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,230Net charge-offs
  • $381Cash dividends
  • $6,350Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.16%Cost of funding earning assets
  • 3.02%Net interest margin
  • 4.14%Noninterest income to earning assets
  • 1.85%Noninterest expense to earning assets
  • 3.65%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 1.87%Return on equity (ROE)
  • 9.80%Retained earnings to average equity (YTD only)
  • -18.11%Net charge-offs to loans
  • 0.38%Credit loss provision to net charge-offs
  • 35.17%Efficiency ratio
  • 60,961Assets per employee
  • 2.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 284.75%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 52.25%Noncurrent assets plus other real estate owned to assets
  • 1.18%Noncurrent loans to loans
  • 1.78%Net loans and leases to deposits
  • 53.91%Net loans and leases to core deposits
  • 58.04%Equity capital to assets
  • 10.60%Core capital (leverage) ratio
  • 10.80%Tier 1 risk-based capital ratio
  • 23.94%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $196,922Average earning assets
  • $22,744Average equity
  • $180,891Average loans

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