Sun Bank and Trust/Charlotte County, National Association in Port Charlotte, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 25, 1993

  • Sun Bank and Trust/Charlotte County, National Association in Port Charlotte, Florida (FL)
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Sun Bank and Trust/Charlotte County, National Association - Overview

  • General
  • FDIC Certificate #: 18433
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank, Gulf Coast (#16882)
    Federal Reserve ID: 707738
    Date Established: September 19, 1961
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    FDIC's unique #: 12336
    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: September 19, 1961
    Last Structure Change Effective Date: Febuary 25, 1993
    Last Structure Change Process Date: April 05, 1993
    Last Data Update: April 05, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 18501 Murdock Circle, Port Charlotte, FL 33948
    County: Charlotte
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Punta Gorda, FL (#6580)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): Punta Gorda, FL (#39460)
    CBSA Metro Statistical Area: Punta Gorda, FL (#39460)
  • Financial Summary
  • Total assets: $358.1 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $156Total assets
  • $358,064Cash and due from depository institutions
  • $9,055Interest-bearing balances
  • $0Securities
  • $25,518Federal funds sold & reverse repurchase agreements
  • $26,900Net loans & leases
  • $278,636Loan loss allowance
  • $5,046Trading account assets
  • $0Bank premises and fixed assets
  • $10,468Other real estate owned
  • $1,715Goodwill and other intangibles
  • $4,960Life insurance assets
  • $812All other assets
  • $0Total liabilities and capital
  • $358,064Total liabilities
  • $333,639Total deposits
  • $331,646Interest-bearing deposits
  • $300,822Deposits held in domestic offices
  • 331646.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,993Total equity capital
  • $1,993Total bank equity capital
  • $24,425Perpetual preferred stock
  • $0Common stock
  • $2,184Surplus
  • $7,453Undivided profits
  • Memoranda
  • $14,788Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,586Income earned, not collected on loans
  • $1,737Earning assets
  • $331,054Long-term assets (5+ years)
  • $55,698Average Assets, year-to-date
  • $357,518Average Assets, quarterly
  • $354,887Volatile liabilities
  • $15,189Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $25,789Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $23,613Total risk weighted assets
  • $212,423Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $28,359Total interest expense
  • $11,740Net interest income
  • $16,619Provision for loan and lease losses
  • $1,012Total noninterest income
  • $5,202Fiduciary activities
  • $2,164Service charges on deposit accounts
  • $1,230Trading account gains & fees
  • $0Additional noninterest income
  • $1,808Total noninterest expense
  • $12,929Salaries and employee benefits
  • $4,865Premises and equipment expense
  • $2,536Additional noninterest expense
  • $5,528Pre-tax net operating income
  • $7,880Securities gains (losses)
  • $398Applicable income taxes
  • $3,076Income before extraordinary items
  • $5,202Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,202Net charge-offs
  • $571Cash dividends
  • $6,200Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.55%Cost of funding earning assets
  • 3.54%Net interest margin
  • 5.01%Noninterest income to earning assets
  • 1.57%Noninterest expense to earning assets
  • 3.90%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 2.32%Return on equity (ROE)
  • 19.58%Retained earnings to average equity (YTD only)
  • -3.76%Net charge-offs to loans
  • 0.20%Credit loss provision to net charge-offs
  • 177.23%Efficiency ratio
  • 57,692Assets per employee
  • 2.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 119.18%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 318.16%Noncurrent assets plus other real estate owned to assets
  • 0.92%Noncurrent loans to loans
  • 0.56%Net loans and leases to deposits
  • 84.02%Net loans and leases to core deposits
  • 88.05%Equity capital to assets
  • 6.82%Core capital (leverage) ratio
  • 6.63%Tier 1 risk-based capital ratio
  • 11.12%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $357,518Average earning assets
  • $26,566Average equity
  • $331,681Average loans

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