Vision Bank in Panama City, Florida (FL)

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Vision Bank routing number info

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Vision Bank
GeneralFDIC Certificate #: 5668
Status: Inactive
Federal Reserve ID: 209335
Bank Holding Company (Regulatory Top Holder): Park National Corporation (RSSDID: 1142336, Location: Newark, OH)
Date Established: September 16, 1926
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 18 (Domestic: 18, Interstate: Yes)
FDIC's unique #: 3856
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 16, 2012
Last Structure Change Process Date: Febuary 29, 2012
Last Data Update: Febuary 29, 2012
Data Source Date: April 05, 2012
LocationAddress: 2200 Stanford Road, Panama City, FL 32405
County: Bay
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): Panama City, FL (#6015)
Core Based Statistical Area (CBSA): Panama City-Lynn Haven-Panama City Beach, FL (#37460)
CBSA Metro Statistical Area: Panama City-Lynn Haven-Panama City Beach, FL (#37460)
History of ChangesOther Liquidations and Closings
Office Sold
Change in Insurance Status
Financial SummaryTotal assets: $653.1 mil
Equity capital: $111.2 mil
Deposits held in domestic offices: $532.5 mil
Return on assets (ROA): -3.07% (-$20.0 mil)
Quarterly return on assets: -4.64% (-$30.3 mil)
Return on Equity (ROE): -19.65% (-$21.8 mil)
Quarterly return on equity: -26.88% (-$29.8 mil)
Net income: -$22.5 mil
Quarterly Net income: -$7.8 mil
Pretax return on assets: -3.92% (-$25,599.8 mil)
Quarterly Pretax return on assets: -3.53% (-$23,052.9 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)184
Total assets$653,057
Cash and due from depository institutions$20,784
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$17,500
Net loans & leases$469,038
Loan loss allowance $23,839
Trading account assets$0
Bank premises and fixed assets$16,555
Other real estate owned$0
Goodwill and other intangibles$1,615
All other assets$26,565
Life insurance assets$653,057
Total liabilities and capital$541,876
Total liabilities$532,499
Total deposits$452,604
Interest-bearing deposits$532,499
Deposits held in domestic offices$85
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,368
Other borrowed funds $0
Subordinated debt $8,009
All other liabilities $111,181
Total equity capital$111,181
Total bank equity capital$111,181
Perpetual preferred stock$0
Common stock$116
Undivided profits $-219,831
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,611
Income earned, not collected on loans $99,114
Earning assets $0
Long-term assets (5+ years) $1,327
Average Assets, year-to-date $587,538
Average Assets, quarterly $84,125
Volatile liabilities $732,968
Insider loans $672,750
FHLB advances $467,842
Loans and leases held for sale $689,699
Unused loan commitments $3,450
Tier 1 (core) risk-based capital $3,450
Tier 2 risk-based capital $109,566
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $69,785
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $31,581
Total interest expense $4,502
Net interest income $27,079
Provision for loan and lease losses $30,833
Total noninterest income $1,420
Fiduciary activities $127
Service charges on deposit accounts $2,088
Trading account gains & fees $0
Additional noninterest income -$795
Total noninterest expense $31,597
Salaries and employee benefits $12,077
Premises and equipment expense $2,976
Additional noninterest expense $16,544
Pre-tax net operating income -$33,931
Securities gains (losses) $5,195
Applicable income taxes -$6,210
Income before extraordinary items -$22,526
Extraordinary gains - net $0
Net income attributable to bank -$22,526
Net charge-offs $0
Cash dividends -$22,526
Sale, conversion, retirement of capital stock, net $75,931
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.93%
Cost of funding earning assets 0.70%
Net interest margin 4.23%
Noninterest income to earning assets 0.22%
Noninterest expense to earning assets 4.94%
Net operating income to assets -3.63%
Return on assets (ROA) -3.07%
Pretax return on assets -3.92%
Return on equity (ROE) -19.65%
Retained earnings to average equity (YTD only) -19.65%
Net charge-offs to loans 13.21%
Credit loss provision to net charge-offs 40.61%
Efficiency ratio-0.04%
Assets per employee$100,418
Cash dividends to net income (YTD only)3.55%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.84%
Noncurrent assets plus other real estate owned to assets 24.05%
Noncurrent loans to loans 15.18%
Net loans and leases to deposits20.11%
Net loans and leases to core deposits 88.08%
Equity capital to assets 101.18%
Core capital (leverage) ratio 17.02%
Tier 1 risk-based capital ratio 15.89%
Total risk-based capital ratio 23.42%
Average assets$25
Average earning assets$732,968
Average equity $114,659
Average loans $639,950
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$17,392
Number of Accounts1
Personal trust and agency accounts$17,392
Employee benefit-defined contribution accounts$15,469
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$1,180
Investment management agency accounts$0
Other fiduciary accounts$743
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts39
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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