Barnett Bank of the Keys in city_name, state_name - Detailed Financial Reports, Location

Barnett Bank of the Keys in Key West, Florida (FL)
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Barnett Bank of the Keys - Overview

General
FDIC Certificate #: 20425
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Barnett Bank, National Association (#3566)
Federal Reserve ID: 836937
Date Established: May 26, 1971
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 10 (Interstate: No)
OTS Docket #: 11671
FDIC's unique #: 14077
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: May 26, 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: 1010 Kennedy Drive, Key West, FL 33040
County: Monroe
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): Key West, FL (#28580)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $335.6 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)
$100Total assets
$339,937Cash and due from depository institutions
$20,145Interest-bearing balances
$0Securities
$31,926Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$271,469Loan loss allowance
$3,646Trading account assets
$0Bank premises and fixed assets
$6,885Other real estate owned
$55Goodwill and other intangibles
$5,839Life insurance assets
$3,618All other assets
$0Total liabilities and capital
$339,937Total liabilities
$304,782Total deposits
$287,509Interest-bearing deposits
$238,730Deposits held in domestic offices
287509.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$14,943Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$2,330Total equity capital
$2,330Total bank equity capital
$35,155Perpetual preferred stock
$0Common stock
$500Surplus
$18,500Undivided profits
Memoranda
$16,155Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,027Income earned, not collected on loans
$1,733Earning assets
$303,395Long-term assets (5+ years)
$50,986Average Assets, year-to-date
$335,208Average Assets, quarterly
$330,254Volatile liabilities
$31,133Insider loans
$3,448FHLB advances
$0Loans and leases held for sale
$1,805Unused loan commitments
$51,506Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$31,472Total risk weighted assets
$216,740Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$25,857Total interest expense
$8,980Net interest income
$16,877Provision for loan and lease losses
$80Total noninterest income
$3,913Fiduciary activities
$0Service charges on deposit accounts
$2,109Trading account gains & fees
$12Additional noninterest income
$1,792Total noninterest expense
$11,876Salaries and employee benefits
$3,888Premises and equipment expense
$1,558Additional noninterest expense
$6,430Pre-tax net operating income
$8,834Securities gains (losses)
$0Applicable income taxes
$3,296Income before extraordinary items
$5,538Extraordinary gains - net
$0Net income attributable to bank
$5,538Net charge-offs
$278Cash 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
8.43%Cost of funding earning assets
2.93%Net interest margin
5.50%Noninterest income to earning assets
1.28%Noninterest expense to earning assets
3.87%Net operating income to assets
1.65%Return on assets (ROA)
1.65%Pretax return on assets
2.64%Return on equity (ROE)
17.21%Retained earnings to average equity (YTD only)
17.21%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
28.78%Efficiency ratio
54,921Assets per employee
3.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
355.01%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.37%Net loans and leases to deposits
94.42%Net loans and leases to core deposits
100.06%Equity capital to assets
10.34%Core capital (leverage) ratio
9.80%Tier 1 risk-based capital ratio
14.52%Total risk-based capital ratio
Memoranda
$16Average assets
$335,208Average earning assets
$32,187Average equity
$306,865Average loans

Barnett Bank of the Keys in Key West, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Barnett Bank of the Keys - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

Barnett Bank of the Keys in Key West, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

Barnett Bank of the Keys - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

Barnett Bank of the Keys in Key West, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches