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



Show street view No street view available for this location
Table of contents:
Northern Trust Bank of Vero Beach
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)0
Total assets$79
Cash and due from depository institutions$199,068
Interest-bearing balances$10,463
Securities$0
Federal funds sold & reverse repurchase agreements$67,248
Net loans & leases$19,052
Loan loss allowance $95,252
Trading account assets$893
Bank premises and fixed assets$0
Other real estate owned$4,303
Goodwill and other intangibles$635
All other assets$0
Life insurance assets$2,115
Total liabilities and capital$0
Total liabilities$199,068
Total deposits$177,962
Interest-bearing deposits$176,672
Deposits held in domestic offices$154,899
% insured (estimated)176672.00%
Federal funds purchased & repurchase agreements $87
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$1,290
Total bank equity capital$1,290
Perpetual preferred stock$21,106
Common stock$0
Surplus$494
Undivided profits $9,128
Memoranda
Noncurrent loans and leases $11,484
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,709
Earning assets $584
Long-term assets (5+ years) $181,552
Average Assets, year-to-date $9,510
Average Assets, quarterly $196,922
Volatile liabilities $192,822
Insider loans $12,558
FHLB advances $48
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $13,689
Tier 2 risk-based capital $0
Total risk weighted assets $20,892
Total unused commitments $87,283
Restructured Loans and leases $0
Derivatives$0
Back to page top, Back to table top

Income and Expense (December 31, 1995)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $12,949
Net interest income $5,465
Provision for loan and lease losses $7,484
Total noninterest income $134
Fiduciary activities $3,341
Service charges on deposit accounts $2,862
Trading account gains & fees $282
Additional noninterest income $0
Total noninterest expense $197
Salaries and employee benefits $6,599
Premises and equipment expense $3,698
Additional noninterest expense $826
Pre-tax net operating income $2,075
Securities gains (losses) $4,092
Applicable income taxes -$411
Income before extraordinary items $1,451
Extraordinary gains - net $2,230
Net income attributable to bank $0
Net charge-offs $2,230
Cash dividends $381
Sale, conversion, retirement of capital stock, net $6,350
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1995)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.16%
Net interest margin 3.02%
Noninterest income to earning assets 4.14%
Noninterest expense to earning assets 1.85%
Net operating income to assets 3.65%
Return on assets (ROA) 1.27%
Pretax return on assets 1.13%
Return on equity (ROE) 1.87%
Retained earnings to average equity (YTD only) 9.80%
Net charge-offs to loans -18.11%
Credit loss provision to net charge-offs 0.38%
Efficiency ratio35.17%
Assets per employee$60,961
Cash dividends to net income (YTD only)2.52%
Condition Ratios (%)
Loss allowance to loans 284.75%
Loss allowance to noncurrent loans 0.93%
Noncurrent assets plus other real estate owned to assets 52.25%
Noncurrent loans to loans 1.18%
Net loans and leases to deposits1.78%
Net loans and leases to core deposits 53.91%
Equity capital to assets 58.04%
Core capital (leverage) ratio 10.60%
Tier 1 risk-based capital ratio 10.80%
Total risk-based capital ratio 23.94%
Memoranda
Average assets$25
Average earning assets$196,922
Average equity $22,744
Average loans $180,891
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Northern Trust Bank of Vero Beach.
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.