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



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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
Securities$0
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
Surplus$2,750
Undivided profits $2,750
Memoranda
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
Derivatives$0
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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
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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%
Memoranda
Average assets$12
Average earning assets$82,064
Average equity $5,814
Average loans $71,543
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