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 - 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
    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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