Barnett Bank of Volusia County in De Land, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 29, 1996

  • Barnett Bank of Volusia County in De Land, Florida (FL)
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Barnett Bank of Volusia County - Overview

  • General
  • FDIC Certificate #: 20354
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 978538
    Date Established: January 28, 1971
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 30 (Interstate: No)
    FDIC's unique #: 14017
    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: January 28, 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: 230 North Woodland Boulevard, De Land, FL 32720
    County: Volusia
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Daytona Beach, FL (#2020)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660)
    CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660)
  • Financial Summary
  • Total assets: $1,447.7 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)
  • $435Total assets
  • $1,462,105Cash and due from depository institutions
  • $48,147Interest-bearing balances
  • $0Securities
  • $198,086Federal funds sold & reverse repurchase agreements
  • $131,000Net loans & leases
  • $1,031,926Loan loss allowance
  • $9,980Trading account assets
  • $314Bank premises and fixed assets
  • $27,295Other real estate owned
  • $2,000Goodwill and other intangibles
  • $22,686Life insurance assets
  • $651All other assets
  • $0Total liabilities and capital
  • $1,462,105Total liabilities
  • $1,358,803Total deposits
  • $1,319,393Interest-bearing deposits
  • $1,170,410Deposits held in domestic offices
  • 1319393.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $22,897Trading liabilities
  • $314Other borrowed funds
  • $2,031Subordinated debt
  • $0All other liabilities
  • $14,168Total equity capital
  • $14,168Total bank equity capital
  • $103,302Perpetual preferred stock
  • $0Common stock
  • $4,577Surplus
  • $29,959Undivided profits
  • Memoranda
  • $68,766Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,843Income earned, not collected on loans
  • $6,398Earning assets
  • $1,361,012Long-term assets (5+ years)
  • $334,184Average Assets, year-to-date
  • $1,465,842Average Assets, quarterly
  • $1,448,911Volatile liabilities
  • $76,752Insider loans
  • $46,411FHLB advances
  • $0Loans and leases held for sale
  • $7,136Unused loan commitments
  • $447,726Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $102,331Total risk weighted assets
  • $957,711Total unused commitments
  • $0Restructured Loans and leases
  • $161,028Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $104,617Total interest expense
  • $43,927Net interest income
  • $60,690Provision for loan and lease losses
  • $3,730Total noninterest income
  • $16,461Fiduciary activities
  • $0Service charges on deposit accounts
  • $6,782Trading account gains & fees
  • $688Additional noninterest income
  • $8,991Total noninterest expense
  • $43,943Salaries and employee benefits
  • $13,418Premises and equipment expense
  • $4,812Additional noninterest expense
  • $25,713Pre-tax net operating income
  • $29,478Securities gains (losses)
  • $0Applicable income taxes
  • $9,886Income before extraordinary items
  • $19,592Extraordinary gains - net
  • $0Net income attributable to bank
  • $19,592Net charge-offs
  • $3,690Cash dividends
  • $11,003Sale, 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
  • 7.70%Cost of funding earning assets
  • 3.23%Net interest margin
  • 4.47%Noninterest income to earning assets
  • 1.21%Noninterest expense to earning assets
  • 3.24%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 2.01%Return on equity (ROE)
  • 19.94%Retained earnings to average equity (YTD only)
  • 8.74%Net charge-offs to loans
  • 0.36%Credit loss provision to net charge-offs
  • 101.08%Efficiency ratio
  • 56,686Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.16%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 206.07%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 78.21%Net loans and leases to core deposits
  • 81.48%Equity capital to assets
  • 7.07%Core capital (leverage) ratio
  • 7.06%Tier 1 risk-based capital ratio
  • 10.68%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,465,842Average earning assets
  • $98,234Average equity
  • $1,358,017Average loans

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