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- Banks in Florida (FL)
- Vision Bank
Vision Bank in Panama City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of Febuary 16, 2012
- Vision Bank in Panama City, Florida (FL)
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Vision Bank - Overview
- General
- FDIC 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
WWW: http://www.visionbankfl.net
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 - Location
- Address: 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 Changes
- Other Liquidations and Closings
Office Sold
Change in Insurance Status - Financial Summary
- Total 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
- 184Total employees (full-time equivalent)
- $653,057Total assets
- $20,784Cash and due from depository institutions
- $0Interest-bearing balances
- $101,000Securities
- $17,500Federal funds sold & reverse repurchase agreements
- $469,038Net loans & leases
- $23,839Loan loss allowance
- $0Trading account assets
- $16,555Bank premises and fixed assets
- $0Other real estate owned
- $1,615Goodwill and other intangibles
- $653,057Life insurance assets
- $26,565All other assets
- $541,876Total liabilities and capital
- $532,499Total liabilities
- $452,604Total deposits
- $532,499Interest-bearing deposits
- $85Deposits held in domestic offices
- 0.00%% insured (estimated)
- $0Federal funds purchased & repurchase agreements
- $1,368Trading liabilities
- $0Other borrowed funds
- $8,009Subordinated debt
- $111,181All other liabilities
- $111,181Total equity capital
- $111,181Total bank equity capital
- $0Perpetual preferred stock
- $116Common stock
- $330,896Surplus
- $-219,831Undivided profits
- Memoranda
- $0Noncurrent loans and leases
- $5,611Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $99,114Income earned, not collected on loans
- $0Earning assets
- $1,327Long-term assets (5+ years)
- $587,538Average Assets, year-to-date
- $84,125Average Assets, quarterly
- $732,968Volatile liabilities
- $672,750Insider loans
- $467,842FHLB advances
- $689,699Loans and leases held for sale
- $3,450Unused loan commitments
- $3,450Tier 1 (core) risk-based capital
- $109,566Tier 2 risk-based capital
- $0Total risk weighted assets
- $0Total unused commitments
- $69,785Restructured Loans and leases
- $4,404Derivatives
Income and Expense (December 31, 2011)
- Dollar figures in thousands
- $31,581Total interest income
- $4,502Total interest expense
- $27,079Net interest income
- $30,833Provision for loan and lease losses
- $1,420Total noninterest income
- $127Fiduciary activities
- $2,088Service charges on deposit accounts
- $0Trading account gains & fees
- -$795Additional noninterest income
- $31,597Total noninterest expense
- $12,077Salaries and employee benefits
- $2,976Premises and equipment expense
- $16,544Additional noninterest expense
- -$33,931Pre-tax net operating income
- $5,195Securities gains (losses)
- -$6,210Applicable income taxes
- -$22,526Income before extraordinary items
- $0Extraordinary gains - net
- -$22,526Net income attributable to bank
- $0Net charge-offs
- -$22,526Cash dividends
- $75,931Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2011)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 4.93%Yield on earning assets
- 0.70%Cost of funding earning assets
- 4.23%Net interest margin
- 0.22%Noninterest income to earning assets
- 4.94%Noninterest expense to earning assets
- -3.63%Net operating income to assets
- -3.07%Return on assets (ROA)
- -3.92%Pretax return on assets
- -19.65%Return on equity (ROE)
- -19.65%Retained earnings to average equity (YTD only)
- 13.21%Net charge-offs to loans
- 40.61%Credit loss provision to net charge-offs
- -0.04%Efficiency ratio
- 100,418Assets per employee
- 3.55%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 4.84%Loss allowance to noncurrent loans
- 24.05%Noncurrent assets plus other real estate owned to assets
- 15.18%Noncurrent loans to loans
- 20.11%Net loans and leases to deposits
- 88.08%Net loans and leases to core deposits
- 101.18%Equity capital to assets
- 17.02%Core capital (leverage) ratio
- 15.89%Tier 1 risk-based capital ratio
- 23.42%Total risk-based capital ratio
- Memoranda
- $25Average assets
- $732,968Average earning assets
- $114,659Average equity
- $639,950Average loans
Total Fiduciary and Related Assets (December 31, 2011)
- Dollar figures in thousands
- $1Total fiduciary and related assets
- 1Number of Fiduciary Accounts and Related Asset Accounts
- YesFiduciary powers granted
- YesFiduciary or related activity
- $17,392Managed Assets
- 1Number of Accounts
- $17,392Personal trust and agency accounts
- $15,469Employee benefit-defined contribution accounts
- $0Employee benefit-defined benefit accounts
- $0Other retirement accounts
- $1,180Corporate trust and agency accounts
- $0Investment management agency accounts
- $743Other fiduciary accounts
- $0Fiduciary accounts held in foreign offices
- $0Non-managed Assets
- 39Number of Accounts
- $0Personal trust and agency accounts
- $0Employee benefit-defined contribution accounts
- $0Employee benefit-defined benefit accounts
- $0Other retirement accounts
- $0Corporate trust and agency accounts
- $0Other fiduciary accounts
- $0Fiduciary accounts held in foreign offices
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- Banks in Florida (FL)
- Vision Bank
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