Sun Bank of Pasco County in Zephyrhills, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 06, 1994

  • Sun Bank of Pasco County in Zephyrhills, Florida (FL)
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Sun Bank of Pasco County - Overview

  • General
  • FDIC Certificate #: 16847
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sun Bank and Trust Company (#145)
    Federal Reserve ID: 355933
    Date Established: November 11, 1949
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    FDIC's unique #: 10946
    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: November 11, 1949
    Last Structure Change Effective Date: January 06, 1994
    Last Structure Change Process Date: January 26, 1994
    Last Data Update: January 26, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 5435 Gall Boulevard, Zephyrhills, FL 33539
    County: Pasco
    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): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • Financial Summary
  • Total assets: $252.3 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)
  • $110Total assets
  • $252,275Cash and due from depository institutions
  • $6,009Interest-bearing balances
  • $0Securities
  • $59,966Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $170,752Loan loss allowance
  • $4,406Trading account assets
  • $0Bank premises and fixed assets
  • $8,062Other real estate owned
  • $3,149Goodwill and other intangibles
  • $4,337Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $252,275Total liabilities
  • $234,198Total deposits
  • $230,935Interest-bearing deposits
  • $204,490Deposits held in domestic offices
  • 230935.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $1,756Trading liabilities
  • $0Other borrowed funds
  • $751Subordinated debt
  • $0All other liabilities
  • $756Total equity capital
  • $756Total bank equity capital
  • $18,077Perpetual preferred stock
  • $0Common stock
  • $317Surplus
  • $6,427Undivided profits
  • Memoranda
  • $11,333Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,768Income earned, not collected on loans
  • $869Earning assets
  • $230,718Long-term assets (5+ years)
  • $36,028Average Assets, year-to-date
  • $259,315Average Assets, quarterly
  • $256,462Volatile liabilities
  • $7,370Insider loans
  • $1,086FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $16,662Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,388Total risk weighted assets
  • $149,585Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $16,568Total interest expense
  • $6,249Net interest income
  • $10,319Provision for loan and lease losses
  • $1,900Total noninterest income
  • $2,338Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,251Trading account gains & fees
  • $0Additional noninterest income
  • $1,087Total noninterest expense
  • $11,497Salaries and employee benefits
  • $2,883Premises and equipment expense
  • $1,424Additional noninterest expense
  • $7,190Pre-tax net operating income
  • -$740Securities gains (losses)
  • $0Applicable income taxes
  • -$541Income before extraordinary items
  • -$199Extraordinary gains - net
  • $0Net income attributable to bank
  • -$199Net charge-offs
  • $1,295Cash dividends
  • $0Sale, 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
  • 7.03%Cost of funding earning assets
  • 2.65%Net interest margin
  • 4.38%Noninterest income to earning assets
  • 0.99%Noninterest expense to earning assets
  • 4.88%Net operating income to assets
  • -0.08%Return on assets (ROA)
  • -0.08%Pretax return on assets
  • -0.29%Return on equity (ROE)
  • -1.11%Retained earnings to average equity (YTD only)
  • -1.11%Net charge-offs to loans
  • 0.74%Credit loss provision to net charge-offs
  • 146.72%Efficiency ratio
  • 90,835Assets per employee
  • 2.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.52%Loss allowance to noncurrent loans
  • 92.41%Noncurrent assets plus other real estate owned to assets
  • 3.14%Noncurrent loans to loans
  • 2.72%Net loans and leases to deposits
  • 73.94%Net loans and leases to core deposits
  • 75.53%Equity capital to assets
  • 7.17%Core capital (leverage) ratio
  • 6.74%Tier 1 risk-based capital ratio
  • 11.62%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $259,315Average earning assets
  • $17,896Average equity
  • $235,613Average loans

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