Barnett Bank of Palm Beach County in West Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 29, 1996

  • Barnett Bank of Palm Beach County in West Palm Beach, Florida (FL)
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Barnett Bank of Palm Beach County - Overview

  • General
  • FDIC Certificate #: 17018
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 932839
    Date Established: June 01, 1951
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 55 (Interstate: No)
    FDIC's unique #: 11087
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 01, 1951
    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: 625 North Flagler Drive, West Palm Beach, FL 33401
    County: Palm Beach
    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): West Palm Beach-Boca Raton, FL (#8960)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: West Palm Beach-Boca Raton-Boynton Beach, FL (#48424)
  • Financial Summary
  • Total assets: $2,917.1 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)
  • $728Total assets
  • $2,969,272Cash and due from depository institutions
  • $101,165Interest-bearing balances
  • $0Securities
  • $646,719Federal funds sold & reverse repurchase agreements
  • $183,400Net loans & leases
  • $1,891,021Loan loss allowance
  • $24,433Trading account assets
  • $68Bank premises and fixed assets
  • $49,408Other real estate owned
  • $2,311Goodwill and other intangibles
  • $46,977Life insurance assets
  • $48,203All other assets
  • $0Total liabilities and capital
  • $2,969,272Total liabilities
  • $2,744,184Total deposits
  • $2,678,319Interest-bearing deposits
  • $2,230,272Deposits held in domestic offices
  • 2678319.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $35,726Trading liabilities
  • $68Other borrowed funds
  • $6,685Subordinated debt
  • $0All other liabilities
  • $23,386Total equity capital
  • $23,386Total bank equity capital
  • $225,088Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $124,303Undivided profits
  • Memoranda
  • $99,785Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,991Income earned, not collected on loans
  • $12,822Earning assets
  • $2,721,140Long-term assets (5+ years)
  • $553,062Average Assets, year-to-date
  • $3,078,302Average Assets, quarterly
  • $2,921,486Volatile liabilities
  • $153,462Insider loans
  • $14,127FHLB advances
  • $0Loans and leases held for sale
  • $11,247Unused loan commitments
  • $891,069Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $172,220Total risk weighted assets
  • $1,679,220Total unused commitments
  • $0Restructured Loans and leases
  • $419,257Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $211,235Total interest expense
  • $79,781Net interest income
  • $131,454Provision for loan and lease losses
  • $5,165Total noninterest income
  • $31,313Fiduciary activities
  • $0Service charges on deposit accounts
  • $14,629Trading account gains & fees
  • $1,566Additional noninterest income
  • $15,118Total noninterest expense
  • $92,732Salaries and employee benefits
  • $24,972Premises and equipment expense
  • $13,003Additional noninterest expense
  • $54,757Pre-tax net operating income
  • $64,870Securities gains (losses)
  • $13Applicable income taxes
  • $21,831Income before extraordinary items
  • $43,052Extraordinary gains - net
  • $0Net income attributable to bank
  • $43,052Net charge-offs
  • $7,981Cash dividends
  • $42,500Sale, 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
  • 7.57%Cost of funding earning assets
  • 2.86%Net interest margin
  • 4.71%Noninterest income to earning assets
  • 1.12%Noninterest expense to earning assets
  • 3.32%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 2.11%Return on equity (ROE)
  • 19.21%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 0.42%Credit loss provision to net charge-offs
  • 64.72%Efficiency ratio
  • 53,406Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.72%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 305.76%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 70.60%Net loans and leases to core deposits
  • 73.83%Equity capital to assets
  • 7.58%Core capital (leverage) ratio
  • 6.02%Tier 1 risk-based capital ratio
  • 10.26%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $3,078,302Average earning assets
  • $224,136Average equity
  • $2,789,817Average loans

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