Barnett Bank of Lake Okeechobee in Okeechobee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 29, 1996

  • Barnett Bank of Lake Okeechobee in Okeechobee, Florida (FL)
  • Show street view No street view available for this location

Barnett Bank of Lake Okeechobee - Overview

  • General
  • FDIC Certificate #: 16102
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 548333
    Date Established: November 20, 1943
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 10319
    Numeric code: 13
    Regulator: FED
    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: November 20, 1943
    Last Structure Change Effective Date: June 29, 1996
    Last Structure Change Process Date: July 11, 1996
    Last Data Update: July 11, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 205 North Parrott Avenue, Okeechobee, FL 33472
    County: Okeechobee
    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
    Core Based Statistical Area (CBSA): Okeechobee, FL (#36380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $199.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $91Total assets
  • $198,897Cash and due from depository institutions
  • $7,870Interest-bearing balances
  • $0Securities
  • $19,777Federal funds sold & reverse repurchase agreements
  • $4,100Net loans & leases
  • $158,173Loan loss allowance
  • $2,560Trading account assets
  • $0Bank premises and fixed assets
  • $2,800Other real estate owned
  • $975Goodwill and other intangibles
  • $4,331Life insurance assets
  • $871All other assets
  • $0Total liabilities and capital
  • $198,897Total liabilities
  • $181,929Total deposits
  • $175,581Interest-bearing deposits
  • $149,720Deposits held in domestic offices
  • 175581.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $4,265Trading liabilities
  • $0Other borrowed funds
  • $462Subordinated debt
  • $0All other liabilities
  • $1,621Total equity capital
  • $1,621Total bank equity capital
  • $16,968Perpetual preferred stock
  • $0Common stock
  • $377Surplus
  • $4,824Undivided profits
  • Memoranda
  • $11,767Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $316Income earned, not collected on loans
  • $1,227Earning assets
  • $182,050Long-term assets (5+ years)
  • $44,915Average Assets, year-to-date
  • $199,865Average Assets, quarterly
  • $200,522Volatile liabilities
  • $19,584Insider loans
  • $4,620FHLB advances
  • $0Loans and leases held for sale
  • $1,616Unused loan commitments
  • $33,401Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $16,058Total risk weighted assets
  • $142,376Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $16,392Total interest expense
  • $5,655Net interest income
  • $10,737Provision for loan and lease losses
  • $621Total noninterest income
  • $2,665Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,545Trading account gains & fees
  • $16Additional noninterest income
  • $1,104Total noninterest expense
  • $8,383Salaries and employee benefits
  • $2,907Premises and equipment expense
  • $893Additional noninterest expense
  • $4,583Pre-tax net operating income
  • $4,398Securities gains (losses)
  • $0Applicable income taxes
  • $1,559Income before extraordinary items
  • $2,839Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,839Net charge-offs
  • $665Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.79%Cost of funding earning assets
  • 3.03%Net interest margin
  • 5.76%Noninterest income to earning assets
  • 1.43%Noninterest expense to earning assets
  • 4.49%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 2.20%Return on equity (ROE)
  • 18.32%Retained earnings to average equity (YTD only)
  • 18.32%Net charge-offs to loans
  • 0.43%Credit loss provision to net charge-offs
  • 93.38%Efficiency ratio
  • 61,148Assets per employee
  • 2.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 810.13%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 90.09%Net loans and leases to core deposits
  • 98.41%Equity capital to assets
  • 8.53%Core capital (leverage) ratio
  • 8.13%Tier 1 risk-based capital ratio
  • 11.28%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $199,865Average earning assets
  • $15,500Average equity
  • $186,512Average 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 Barnett Bank of Lake Okeechobee.
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.
Table of Contents