Barnett Bank of Polk County in Lakeland, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 29, 1996

  • Barnett Bank of Polk County in Lakeland, Florida (FL)
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Barnett Bank of Polk County - Overview

  • General
  • FDIC Certificate #: 17341
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 810236
    Date Established: July 21, 1954
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 27 (Interstate: No)
    OTS Docket #: 11237
    FDIC's unique #: 11351
    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: July 21, 1954
    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: 331 South Florida Avenue, Lakeland, FL 33802
    County: Polk
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Lakeland-Winter Haven, FL (#3980)
    Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460)
    CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
  • Financial Summary
  • Total assets: $1,062.1 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)
  • $289Total assets
  • $946,968Cash and due from depository institutions
  • $38,087Interest-bearing balances
  • $0Securities
  • $119,636Federal funds sold & reverse repurchase agreements
  • $40,700Net loans & leases
  • $713,369Loan loss allowance
  • $10,034Trading account assets
  • $0Bank premises and fixed assets
  • $18,482Other real estate owned
  • $599Goodwill and other intangibles
  • $15,528Life insurance assets
  • $567All other assets
  • $0Total liabilities and capital
  • $946,968Total liabilities
  • $876,683Total deposits
  • $814,108Interest-bearing deposits
  • $697,552Deposits held in domestic offices
  • 814108.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $49,873Trading liabilities
  • $0Other borrowed funds
  • $4,623Subordinated debt
  • $0All other liabilities
  • $8,079Total equity capital
  • $8,079Total bank equity capital
  • $70,285Perpetual preferred stock
  • $0Common stock
  • $1,736Surplus
  • $34,189Undivided profits
  • Memoranda
  • $34,360Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,783Income earned, not collected on loans
  • $4,391Earning assets
  • $873,705Long-term assets (5+ years)
  • $227,916Average Assets, year-to-date
  • $934,543Average Assets, quarterly
  • $935,883Volatile liabilities
  • $94,650Insider loans
  • $14,552FHLB advances
  • $0Loans and leases held for sale
  • $5,325Unused loan commitments
  • $339,289Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $69,306Total risk weighted assets
  • $698,424Total unused commitments
  • $0Restructured Loans and leases
  • $125,000Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $73,433Total interest expense
  • $28,903Net interest income
  • $44,530Provision for loan and lease losses
  • $5,322Total noninterest income
  • $10,973Fiduciary activities
  • $0Service charges on deposit accounts
  • $6,124Trading account gains & fees
  • $76Additional noninterest income
  • $4,773Total noninterest expense
  • $31,602Salaries and employee benefits
  • $8,627Premises and equipment expense
  • $3,846Additional noninterest expense
  • $19,129Pre-tax net operating income
  • $18,579Securities gains (losses)
  • $0Applicable income taxes
  • $6,689Income before extraordinary items
  • $11,890Extraordinary gains - net
  • $0Net income attributable to bank
  • $11,890Net charge-offs
  • $3,362Cash dividends
  • $9,001Sale, 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
  • 8.46%Cost of funding earning assets
  • 3.33%Net interest margin
  • 5.13%Noninterest income to earning assets
  • 1.26%Noninterest expense to earning assets
  • 3.64%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 1.99%Return on equity (ROE)
  • 17.15%Retained earnings to average equity (YTD only)
  • 4.17%Net charge-offs to loans
  • 0.48%Credit loss provision to net charge-offs
  • 158.30%Efficiency ratio
  • 56,730Assets per employee
  • 3.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.70%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 102.57%Noncurrent assets plus other real estate owned to assets
  • 1.10%Noncurrent loans to loans
  • 1.35%Net loans and leases to deposits
  • 87.63%Net loans and leases to core deposits
  • 92.39%Equity capital to assets
  • 7.42%Core capital (leverage) ratio
  • 7.41%Tier 1 risk-based capital ratio
  • 9.92%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $934,543Average earning assets
  • $69,333Average equity
  • $868,419Average loans
1
Marshele
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What bank bought the Barnett Bank out and how do I contact them?

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