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

This bank is inactive as of January 30, 2009

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

Ocala National Bank - Overview

  • General
  • FDIC Certificate #: 26538
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: CenterState Bank of Florida, National Association (#33555)
    Federal Reserve ID: 321536
    Date Established: Febuary 07, 1986
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 9951
    FDIC's unique #: 35227
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 07, 1986
    Last Structure Change Effective Date: January 30, 2009
    Last Structure Change Process Date: January 30, 2009
    Last Data Update: January 30, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 3001 Se Maricamp Road, Ocala, FL 34471
    County: Marion
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Ocala, FL (#5790)
    Core Based Statistical Area (CBSA): Ocala, FL (#36100)
    CBSA Metro Statistical Area: Ocala, FL (#36100)
  • Financial Summary
  • Total assets: $219.4 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2008)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $219,424Total assets
  • $3,708Cash and due from depository institutions
  • $0Interest-bearing balances
  • $11,693Securities
  • $8,000Federal funds sold & reverse repurchase agreements
  • $174,552Net loans & leases
  • $9,629Loan loss allowance
  • $0Trading account assets
  • $9,392Bank premises and fixed assets
  • $8,804Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,275All other assets
  • $219,424Total liabilities and capital
  • $229,452Total liabilities
  • $204,663Total deposits
  • $192,825Interest-bearing deposits
  • $204,663Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $24,000Other borrowed funds
  • $0Subordinated debt
  • $789All other liabilities
  • $-10,028Total equity capital
  • $-10,028Total bank equity capital
  • $-10,028Perpetual preferred stock
  • $0Common stock
  • $1,541Surplus
  • $20,592Undivided profits
  • Memoranda
  • $-32,161Noncurrent loans and leases
  • $8,710Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $32,505Earning assets
  • $0Long-term assets (5+ years)
  • $962Average Assets, year-to-date
  • $194,245Average Assets, quarterly
  • $63,546Volatile liabilities
  • $250,863Insider loans
  • $227,648FHLB advances
  • $53,908Loans and leases held for sale
  • $3,233Unused loan commitments
  • $24,000Tier 1 (core) risk-based capital
  • $2,144Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,710Total unused commitments
  • $2,513Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $12,841Total interest income
  • $8,961Total interest expense
  • $3,880Net interest income
  • $24,940Provision for loan and lease losses
  • -$2,519Total noninterest income
  • $0Fiduciary activities
  • $534Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$3,053Additional noninterest income
  • $7,984Total noninterest expense
  • $2,908Salaries and employee benefits
  • $1,634Premises and equipment expense
  • $3,442Additional noninterest expense
  • -$31,563Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$31,563Income before extraordinary items
  • $0Extraordinary gains - net
  • -$31,563Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $20,008Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.71%Yield on earning assets
  • 3.99%Cost of funding earning assets
  • 1.73%Net interest margin
  • -1.12%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • -12.58%Net operating income to assets
  • -12.58%Return on assets (ROA)
  • -12.58%Pretax return on assets
  • -297.28%Return on equity (ROE)
  • -297.28%Retained earnings to average equity (YTD only)
  • 9.38%Net charge-offs to loans
  • 124.65%Credit loss provision to net charge-offs
  • -0.33%Efficiency ratio
  • 586,627Assets per employee
  • 4.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.23%Loss allowance to noncurrent loans
  • 29.62%Noncurrent assets plus other real estate owned to assets
  • 18.83%Noncurrent loans to loans
  • 17.65%Net loans and leases to deposits
  • 85.29%Net loans and leases to core deposits
  • 115.79%Equity capital to assets
  • -4.57%Core capital (leverage) ratio
  • -4.49%Tier 1 risk-based capital ratio
  • -6.60%Total risk-based capital ratio
  • Memoranda
  • -$7Average assets
  • $250,863Average earning assets
  • $10,617Average equity
  • $224,707Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Ocala National Bank.
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.
Table of Contents