FDIC Certificate #: 33108 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank One, National Association (#3618) Federal Reserve ID: 1474288 Date Established: June 01, 1990 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 8880 FDIC's unique #: 46342 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: June 01, 1990 Last Structure Change Effective Date: August 23, 2001 Last Structure Change Process Date: September 06, 2001 Last Data Update: September 06, 2001 Data Source Date: April 05, 2012
Location
Address: 1320 Venice Avenue East, Venice, FL 34284 County: Sarasota Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Chicago FDIC Field Office: Tampa Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Sarasota-Bradenton, FL (#7510) Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494) Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840) CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
Financial Summary
Total assets: $201.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
40Total employees (full-time equivalent)
$209,747Total assets
$17,868Cash and due from depository institutions
$0Interest-bearing balances
$11,589Securities
$123,544Federal funds sold & reverse repurchase agreements
$52,813Net loans & leases
$1,162Loan loss allowance
$0Trading account assets
$1,515Bank premises and fixed assets
$0Other real estate owned
$730Goodwill and other intangibles
$0Life insurance assets
$1,688All other assets
$209,747Total liabilities and capital
$194,997Total liabilities
$190,629Total deposits
$176,226Interest-bearing deposits
$190,629Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4,368All other liabilities
$14,750Total equity capital
$14,750Total bank equity capital
$14,750Perpetual preferred stock
$0Common stock
$5Surplus
$9,982Undivided profits
Memoranda
$4,763Noncurrent loans and leases
$19,185Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$568Earning assets
$0Long-term assets (5+ years)
$403Average Assets, year-to-date
$187,946Average Assets, quarterly
$17,322Volatile liabilities
$189,534Insider loans
$200,546FHLB advances
$49,622Loans and leases held for sale
$18Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,185Total unused commitments
$0Restructured Loans and leases
$1,003Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$11,134Total interest income
$8,239Total interest expense
$2,895Net interest income
$805Provision for loan and lease losses
$6,639Total noninterest income
$7,144Fiduciary activities
$140Service charges on deposit accounts
$1Trading account gains & fees
-$646Additional noninterest income
$10,119Total noninterest expense
$1,881Salaries and employee benefits
$1,993Premises and equipment expense
$6,245Additional noninterest expense
-$1,390Pre-tax net operating income
-$2Securities gains (losses)
-$469Applicable income taxes
-$923Income before extraordinary items
$0Extraordinary gains - net
-$923Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$28Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.60%Yield on earning assets
4.89%Cost of funding earning assets
1.72%Net interest margin
3.94%Noninterest income to earning assets
6.00%Noninterest expense to earning assets
-0.49%Net operating income to assets
-0.49%Return on assets (ROA)
-0.73%Pretax return on assets
-6.15%Return on equity (ROE)
-6.15%Retained earnings to average equity (YTD only)
-0.04%Net charge-offs to loans
-2875.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
104,657Assets per employee
5.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.15%Loss allowance to noncurrent loans
204.58%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
1.05%Net loans and leases to deposits
27.70%Net loans and leases to core deposits
37.45%Equity capital to assets
7.03%Core capital (leverage) ratio
7.10%Tier 1 risk-based capital ratio
17.52%Total risk-based capital ratio
Memoranda
$19Average assets
$189,534Average earning assets
$15,000Average equity
$168,595Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank One, Florida.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: