Ponte Vedra National Bank in Ponte Vedra Beach, Florida (FL)

Show street view No street view available for this location
Table of contents:
Ponte Vedra National Bank
GeneralFDIC Certificate #: 32732
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SunTrust Bank, North Florida, National Association (#19820)
Federal Reserve ID: 1418938
Date Established: December 18, 1989
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)
FDIC's unique #: 45596
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: December 18, 1989
Last Structure Change Effective Date: January 19, 1996
Last Structure Change Process Date: Febuary 09, 1996
Last Data Update: Febuary 09, 1996
Data Source Date: April 05, 2012
LocationAddress: 101 Sawgrass Corners Drive, Ponte Vedra Beach, FL 32082
County: St. Johns
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): Jacksonville, FL (#3600)
Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
CBSA Metro Statistical Area: Jacksonville, FL (#27260)
Financial SummaryTotal assets: $89.8 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$51
Cash and due from depository institutions$89,786
Interest-bearing balances$8,234
Federal funds sold & reverse repurchase agreements$11,975
Net loans & leases$0
Loan loss allowance $65,805
Trading account assets$532
Bank premises and fixed assets$0
Other real estate owned$3,032
Goodwill and other intangibles$0
All other assets$0
Life insurance assets$740
Total liabilities and capital$0
Total liabilities$89,786
Total deposits$83,568
Interest-bearing deposits$80,572
Deposits held in domestic offices$64,960
% insured (estimated)80572.00%
Federal funds purchased & repurchase agreements $82
Trading liabilities$2,111
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$885
Total bank equity capital$885
Perpetual preferred stock$6,218
Common stock$0
Undivided profits $2,750
Noncurrent loans and leases $718
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $435
Earning assets $423
Long-term assets (5+ years) $77,780
Average Assets, year-to-date $15,314
Average Assets, quarterly $82,064
Volatile liabilities $88,654
Insider loans $14,721
FHLB advances $709
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $10,631
Tier 2 risk-based capital $0
Total risk weighted assets $6,277
Total unused commitments $58,207
Restructured Loans and leases $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 $6,550
Net interest income $2,364
Provision for loan and lease losses $4,186
Total noninterest income $182
Fiduciary activities $1,104
Service charges on deposit accounts $0
Trading account gains & fees $740
Additional noninterest income $0
Total noninterest expense $364
Salaries and employee benefits $3,814
Premises and equipment expense $2,038
Additional noninterest expense $1,009
Pre-tax net operating income $767
Securities gains (losses) $1,294
Applicable income taxes -$1
Income before extraordinary items $488
Extraordinary gains - net $805
Net income attributable to bank $0
Net charge-offs $805
Cash dividends $143
Sale, conversion, retirement of capital stock, net $0
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 9.16%
Net interest margin 3.30%
Noninterest income to earning assets 5.85%
Noninterest expense to earning assets 1.54%
Net operating income to assets 5.33%
Return on assets (ROA) 0.98%
Pretax return on assets 0.98%
Return on equity (ROE) 1.58%
Retained earnings to average equity (YTD only) 13.85%
Net charge-offs to loans 13.85%
Credit loss provision to net charge-offs 0.25%
Efficiency ratio127.27%
Assets per employee$72,098
Cash dividends to net income (YTD only)1.76%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.80%
Noncurrent assets plus other real estate owned to assets 122.30%
Noncurrent loans to loans 0.48%
Net loans and leases to deposits0.66%
Net loans and leases to core deposits 81.67%
Equity capital to assets 96.83%
Core capital (leverage) ratio 6.93%
Tier 1 risk-based capital ratio 7.26%
Total risk-based capital ratio 10.78%
Average assets$12
Average earning assets$82,064
Average equity $5,814
Average loans $71,543
Back to page top, Back to table top

User Contributions:

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 Ponte Vedra 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.