Sun Bank of Gainesville in Gainesville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 21, 1994

  • Sun Bank of Gainesville in Gainesville, Florida (FL)
  • Show street view No street view available for this location

Sun Bank of Gainesville - Overview

  • General
  • FDIC Certificate #: 16649
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank, North Central Florida (#8019)
    Federal Reserve ID: 705332
    Date Established: December 03, 1947
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 10784
    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: December 03, 1947
    Last Structure Change Effective Date: October 21, 1994
    Last Structure Change Process Date: December 05, 1994
    Last Data Update: December 05, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 411 North Main Street, Gainesville, FL 32602
    County: Alachua
    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): Gainesville, FL (#2900)
    Core Based Statistical Area (CBSA): Gainesville, FL (#23540)
    CBSA Metro Statistical Area: Gainesville, FL (#23540)
  • Financial Summary
  • Total assets: $184.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $73Total assets
  • $188,577Cash and due from depository institutions
  • $11,632Interest-bearing balances
  • $0Securities
  • $29,852Federal funds sold & reverse repurchase agreements
  • $5,400Net loans & leases
  • $135,174Loan loss allowance
  • $2,364Trading account assets
  • $0Bank premises and fixed assets
  • $3,753Other real estate owned
  • $130Goodwill and other intangibles
  • $2,636Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $188,577Total liabilities
  • $174,051Total deposits
  • $170,859Interest-bearing deposits
  • $131,212Deposits held in domestic offices
  • 170859.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $2,224Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $968Total equity capital
  • $968Total bank equity capital
  • $14,526Perpetual preferred stock
  • $0Common stock
  • $809Surplus
  • $2,578Undivided profits
  • Memoranda
  • $11,139Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,470Income earned, not collected on loans
  • $684Earning assets
  • $170,426Long-term assets (5+ years)
  • $15,477Average Assets, year-to-date
  • $185,102Average Assets, quarterly
  • $187,611Volatile liabilities
  • $18,004Insider loans
  • $1,359FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $14,365Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $14,230Total risk weighted assets
  • $128,163Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,079Total interest expense
  • $4,244Net interest income
  • $7,835Provision for loan and lease losses
  • $780Total noninterest income
  • $2,633Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,426Trading account gains & fees
  • $0Additional noninterest income
  • $1,207Total noninterest expense
  • $6,406Salaries and employee benefits
  • $2,188Premises and equipment expense
  • $1,029Additional noninterest expense
  • $3,189Pre-tax net operating income
  • $3,282Securities gains (losses)
  • $12Applicable income taxes
  • $1,019Income before extraordinary items
  • $2,275Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,275Net charge-offs
  • $333Cash dividends
  • $1,500Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.12%Cost of funding earning assets
  • 2.50%Net interest margin
  • 4.62%Noninterest income to earning assets
  • 1.55%Noninterest expense to earning assets
  • 3.77%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 1.78%Return on equity (ROE)
  • 16.03%Retained earnings to average equity (YTD only)
  • 5.46%Net charge-offs to loans
  • 0.25%Credit loss provision to net charge-offs
  • 234.23%Efficiency ratio
  • 61,196Assets per employee
  • 2.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.93%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 160.82%Noncurrent assets plus other real estate owned to assets
  • 0.85%Noncurrent loans to loans
  • 1.07%Net loans and leases to deposits
  • 79.11%Net loans and leases to core deposits
  • 87.16%Equity capital to assets
  • 7.70%Core capital (leverage) ratio
  • 7.65%Tier 1 risk-based capital ratio
  • 11.10%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $185,102Average earning assets
  • $14,188Average equity
  • $169,715Average 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 Sun Bank of Gainesville.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents