Vanguard Bank & Trust Company in Valparaiso, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 15, 2008

  • Vanguard Bank & Trust Company in Valparaiso, Florida (FL)
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Vanguard Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 11290
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: COASTAL BANK AND TRUST OF FLORIDA (#20830)
    Federal Reserve ID: 293736
    Date Established: January 01, 1922
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    FDIC's unique #: 7204
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 15, 2008
    Last Structure Change Process Date: January 12, 2009
    Last Data Update: January 12, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 23 John Sims Parkway, Valparaiso, FL 32580
    County: Okaloosa
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Walton Beach, FL (#2750)
    Core Based Statistical Area (CBSA): Crestview-Fort Walton Beach-Destin, FL (#18880)
    CBSA Metro Statistical Area: Crestview-Fort Walton Beach-Destin, FL (#18880)
  • Financial Summary
  • Total assets: $625.5 mil

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

2000 - 2011 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, 2007)

  • Dollar figures in thousands
  • 159Total employees (full-time equivalent)
  • $642,686Total assets
  • $12,939Cash and due from depository institutions
  • $219Interest-bearing balances
  • $39,710Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $557,732Net loans & leases
  • $7,587Loan loss allowance
  • $0Trading account assets
  • $12,319Bank premises and fixed assets
  • $1,211Other real estate owned
  • $4,616Goodwill and other intangibles
  • $0Life insurance assets
  • $14,159All other assets
  • $642,686Total liabilities and capital
  • $580,587Total liabilities
  • $512,596Total deposits
  • $493,522Interest-bearing deposits
  • $512,596Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $53,711Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $11,074Other borrowed funds
  • $0Subordinated debt
  • $3,206All other liabilities
  • $62,099Total equity capital
  • $62,099Total bank equity capital
  • $62,099Perpetual preferred stock
  • $0Common stock
  • $1,359Surplus
  • $38,633Undivided profits
  • Memoranda
  • $22,107Noncurrent loans and leases
  • $102,454Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $36,246Earning assets
  • $0Long-term assets (5+ years)
  • $3,757Average Assets, year-to-date
  • $597,661Average Assets, quarterly
  • $45,446Volatile liabilities
  • $655,222Insider loans
  • $646,204FHLB advances
  • $174,506Loans and leases held for sale
  • $42,440Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $102,454Total unused commitments
  • $0Restructured Loans and leases
  • $7,587Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $47,813Total interest income
  • $18,720Total interest expense
  • $29,093Net interest income
  • $12,652Provision for loan and lease losses
  • $5,562Total noninterest income
  • $0Fiduciary activities
  • $3,114Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,448Additional noninterest income
  • $14,980Total noninterest expense
  • $7,949Salaries and employee benefits
  • $1,725Premises and equipment expense
  • $5,306Additional noninterest expense
  • $7,023Pre-tax net operating income
  • $150Securities gains (losses)
  • $2,137Applicable income taxes
  • $5,036Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,036Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $14,883Sale, conversion, retirement of capital stock, net
  • $21,078Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.88%Yield on earning assets
  • 3.08%Cost of funding earning assets
  • 4.79%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 2.47%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.09%Pretax return on assets
  • 7.06%Return on equity (ROE)
  • -22.50%Retained earnings to average equity (YTD only)
  • 2.58%Net charge-offs to loans
  • 85.01%Credit loss provision to net charge-offs
  • 1.32%Efficiency ratio
  • 43,226Assets per employee
  • 4.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 418.55%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 20.93%Noncurrent assets plus other real estate owned to assets
  • 5.83%Noncurrent loans to loans
  • 6.41%Net loans and leases to deposits
  • 108.81%Net loans and leases to core deposits
  • 142.35%Equity capital to assets
  • 9.66%Core capital (leverage) ratio
  • 8.94%Tier 1 risk-based capital ratio
  • 8.93%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $655,222Average earning assets
  • $71,292Average equity
  • $607,138Average loans

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