Barnett Bank of Martin County, National Association in Martin County, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 29, 1996

  • Barnett Bank of Martin County, National Association in Martin County, Florida (FL)
  • Show street view No street view available for this location

Barnett Bank of Martin County, National Association - Overview

  • General
  • FDIC Certificate #: 20538
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 624330
    Date Established: November 05, 1971
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Interstate: No)
    FDIC's unique #: 14175
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: November 05, 1971
    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: 11900 Southeast Federal Highway, Martin County, FL 33455
    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: $368.1 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)
  • $106Total assets
  • $376,527Cash and due from depository institutions
  • $22,924Interest-bearing balances
  • $0Securities
  • $40,206Federal funds sold & reverse repurchase agreements
  • $32,700Net loans & leases
  • $264,311Loan loss allowance
  • $3,031Trading account assets
  • $0Bank premises and fixed assets
  • $7,800Other real estate owned
  • $2,990Goodwill and other intangibles
  • $5,596Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $376,527Total liabilities
  • $350,671Total deposits
  • $347,132Interest-bearing deposits
  • $302,142Deposits held in domestic offices
  • 347132.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $1,736Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,803Total equity capital
  • $1,803Total bank equity capital
  • $25,856Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $10,433Undivided profits
  • Memoranda
  • $14,423Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $948Income earned, not collected on loans
  • $1,630Earning assets
  • $337,217Long-term assets (5+ years)
  • $79,346Average Assets, year-to-date
  • $362,490Average Assets, quarterly
  • $359,136Volatile liabilities
  • $21,329Insider loans
  • $6,852FHLB advances
  • $0Loans and leases held for sale
  • $1,969Unused loan commitments
  • $111,472Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $25,777Total risk weighted assets
  • $245,549Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $26,377Total interest expense
  • $9,220Net interest income
  • $17,157Provision for loan and lease losses
  • $734Total noninterest income
  • $3,452Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,396Trading account gains & fees
  • $30Additional noninterest income
  • $2,026Total noninterest expense
  • $12,411Salaries and employee benefits
  • $3,924Premises and equipment expense
  • $1,613Additional noninterest expense
  • $6,874Pre-tax net operating income
  • $7,464Securities gains (losses)
  • $0Applicable income taxes
  • $2,727Income before extraordinary items
  • $4,737Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,737Net charge-offs
  • $1,184Cash dividends
  • $4,000Sale, 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
  • 8.00%Cost of funding earning assets
  • 2.80%Net interest margin
  • 5.20%Noninterest income to earning assets
  • 1.05%Noninterest expense to earning assets
  • 3.76%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 2.06%Return on equity (ROE)
  • 18.49%Retained earnings to average equity (YTD only)
  • 2.88%Net charge-offs to loans
  • 0.44%Credit loss provision to net charge-offs
  • 61.99%Efficiency ratio
  • 60,221Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.44%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 319.73%Noncurrent assets plus other real estate owned to assets
  • 1.05%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 76.14%Net loans and leases to core deposits
  • 80.70%Equity capital to assets
  • 6.87%Core capital (leverage) ratio
  • 7.41%Tier 1 risk-based capital ratio
  • 10.50%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $362,490Average earning assets
  • $25,617Average equity
  • $329,868Average 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 Martin County, National Association.
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