SunTrust Bank, Gulf Coast in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2000

  • SunTrust Bank, Gulf Coast in Sarasota, Florida (FL)
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SunTrust Bank, Gulf Coast - Overview

  • General
  • FDIC Certificate #: 16882
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank (#867)
    Federal Reserve ID: 648831
    Date Established: Febuary 08, 1950
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 29 (Interstate: No)
    OTS Docket #: 11189
    FDIC's unique #: 10974
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 08, 1950
    Last Structure Change Effective Date: January 01, 2000
    Last Structure Change Process Date: March 29, 2000
    Last Data Update: March 29, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 1777 Main Street, Sarasota, FL 34230
    County: Sarasota
    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): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • Financial Summary
  • Total assets: $2,202.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1999)

  • Dollar figures in thousands
  • 572Total employees (full-time equivalent)
  • $2,202,616Total assets
  • $44,602Cash and due from depository institutions
  • $221Interest-bearing balances
  • $327,928Securities
  • $45,867Federal funds sold & reverse repurchase agreements
  • $1,709,532Net loans & leases
  • $17,346Loan loss allowance
  • $0Trading account assets
  • $34,762Bank premises and fixed assets
  • $1,365Other real estate owned
  • $18,983Goodwill and other intangibles
  • $0Life insurance assets
  • $19,577All other assets
  • $2,202,616Total liabilities and capital
  • $2,007,726Total liabilities
  • $1,587,698Total deposits
  • $1,373,406Interest-bearing deposits
  • $1,587,698Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $263,189Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $134,550Other borrowed funds
  • $0Subordinated debt
  • $22,289All other liabilities
  • $194,890Total equity capital
  • $194,890Total bank equity capital
  • $194,890Perpetual preferred stock
  • $0Common stock
  • $1,386Surplus
  • $135,947Undivided profits
  • Memoranda
  • $57,557Noncurrent loans and leases
  • $294,786Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,586Earning assets
  • $282Long-term assets (5+ years)
  • $7,472Average Assets, year-to-date
  • $2,083,548Average Assets, quarterly
  • $505,387Volatile liabilities
  • $2,183,830Insider loans
  • $2,225,944FHLB advances
  • $385,291Loans and leases held for sale
  • $24,418Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,094Total risk weighted assets
  • $294,786Total unused commitments
  • $0Restructured Loans and leases
  • $17,346Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $146,642Total interest income
  • $70,309Total interest expense
  • $76,333Net interest income
  • $1,000Provision for loan and lease losses
  • $36,131Total noninterest income
  • $15,625Fiduciary activities
  • $4,601Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15,905Additional noninterest income
  • $65,672Total noninterest expense
  • $28,369Salaries and employee benefits
  • $6,487Premises and equipment expense
  • $30,816Additional noninterest expense
  • $45,792Pre-tax net operating income
  • -$2,657Securities gains (losses)
  • $15,505Applicable income taxes
  • $27,630Income before extraordinary items
  • $0Extraordinary gains - net
  • $27,630Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,938Sale, conversion, retirement of capital stock, net
  • $26,000Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.15%Yield on earning assets
  • 3.43%Cost of funding earning assets
  • 3.72%Net interest margin
  • 1.76%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 1.34%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.98%Pretax return on assets
  • 13.95%Return on equity (ROE)
  • 0.82%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 51.60%Credit loss provision to net charge-offs
  • 24.14%Efficiency ratio
  • 56,702Assets per employee
  • 3.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 94.10%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 228.66%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 107.67%Net loans and leases to core deposits
  • 115.17%Equity capital to assets
  • 8.85%Core capital (leverage) ratio
  • 7.98%Tier 1 risk-based capital ratio
  • 12.59%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $2,183,830Average earning assets
  • $198,032Average equity
  • $2,052,180Average loans

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