American Bank of Martin County in Stuart, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 14, 1995

  • American Bank of Martin County in Stuart, Florida (FL)
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American Bank of Martin County - Overview

  • General
  • FDIC Certificate #: 21260
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Seacoast National Bank (#131)
    Federal Reserve ID: 625533
    Date Established: October 09, 1973
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 14705
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 09, 1973
    Last Structure Change Effective Date: April 14, 1995
    Last Structure Change Process Date: April 25, 1995
    Last Data Update: April 25, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 2081 S.E. Ocean Boulevard, Stuart, FL 33494
    County: Martin
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Pierce-Port St. Lucie, FL (#2710)
    Combined Statistical Area (CSA): Port St. Lucie-Sebastian-Vero Beach, FL (#442)
    Core Based Statistical Area (CBSA): Port St. Lucie, FL (#38940)
    CBSA Metro Statistical Area: Port St. Lucie, FL (#38940)
  • Financial Summary
  • Total assets: $67.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $48Total assets
  • $68,799Cash and due from depository institutions
  • $4,297Interest-bearing balances
  • $0Securities
  • $13,733Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $46,633Loan loss allowance
  • $867Trading account assets
  • $0Bank premises and fixed assets
  • $3,129Other real estate owned
  • $288Goodwill and other intangibles
  • $719Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $68,799Total liabilities
  • $63,586Total deposits
  • $62,167Interest-bearing deposits
  • $52,546Deposits held in domestic offices
  • 62167.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $1,100Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $319Total equity capital
  • $319Total bank equity capital
  • $5,213Perpetual preferred stock
  • $0Common stock
  • $1,600Surplus
  • $2,040Undivided profits
  • Memoranda
  • $1,573Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,084Income earned, not collected on loans
  • $309Earning assets
  • $60,366Long-term assets (5+ years)
  • $529Average Assets, year-to-date
  • $70,381Average Assets, quarterly
  • $68,711Volatile liabilities
  • $6,318Insider loans
  • $1,045FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,558Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,398Total risk weighted assets
  • $42,227Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,588Total interest expense
  • $1,575Net interest income
  • $3,013Provision for loan and lease losses
  • $315Total noninterest income
  • $525Fiduciary activities
  • $0Service charges on deposit accounts
  • $291Trading account gains & fees
  • $0Additional noninterest income
  • $234Total noninterest expense
  • $2,953Salaries and employee benefits
  • $1,394Premises and equipment expense
  • $549Additional noninterest expense
  • $1,010Pre-tax net operating income
  • $270Securities gains (losses)
  • $0Applicable income taxes
  • $126Income before extraordinary items
  • $144Extraordinary gains - net
  • $0Net income attributable to bank
  • $144Net charge-offs
  • $231Cash dividends
  • $250Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.33%Cost of funding earning assets
  • 2.52%Net interest margin
  • 4.82%Noninterest income to earning assets
  • 0.84%Noninterest expense to earning assets
  • 4.72%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 0.38%Return on equity (ROE)
  • 2.67%Retained earnings to average equity (YTD only)
  • -1.96%Net charge-offs to loans
  • 0.50%Credit loss provision to net charge-offs
  • 136.36%Efficiency ratio
  • 83,465Assets per employee
  • 1.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 173.61%Loss allowance to loans
  • 1.83%Loss allowance to noncurrent loans
  • 79.98%Noncurrent assets plus other real estate owned to assets
  • 1.99%Noncurrent loans to loans
  • 2.28%Net loans and leases to deposits
  • 75.01%Net loans and leases to core deposits
  • 81.89%Equity capital to assets
  • 7.58%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 12.78%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $70,381Average earning assets
  • $5,399Average equity
  • $62,565Average loans

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