Big Lake National Bank in Okeechobee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2006

  • Big Lake National Bank in Okeechobee, Florida (FL)
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Big Lake National Bank - Overview

  • General
  • FDIC Certificate #: 26743
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Seacoast National Bank (#131)
    Federal Reserve ID: 607931
    Date Established: July 14, 1986
    WWW: http://www.biglakenationalbank.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Interstate: No)
    FDIC's unique #: 35858
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 14, 1986
    Last Structure Change Effective Date: June 01, 2006
    Last Structure Change Process Date: June 23, 2006
    Last Data Update: June 23, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1409 South Parrott Avenue, Okeechobee, FL 34974
    County: Okeechobee
    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): Okeechobee, FL (#36380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $331.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2005)

  • Dollar figures in thousands
  • 117Total employees (full-time equivalent)
  • $324,453Total assets
  • $13,639Cash and due from depository institutions
  • $5,507Interest-bearing balances
  • $72,464Securities
  • $23,340Federal funds sold & reverse repurchase agreements
  • $203,260Net loans & leases
  • $2,470Loan loss allowance
  • $0Trading account assets
  • $7,485Bank premises and fixed assets
  • $57Other real estate owned
  • $779Goodwill and other intangibles
  • $0Life insurance assets
  • $3,429All other assets
  • $324,453Total liabilities and capital
  • $301,967Total liabilities
  • $298,476Total deposits
  • $212,666Interest-bearing deposits
  • $298,476Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,586Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $905All other liabilities
  • $22,486Total equity capital
  • $22,486Total bank equity capital
  • $22,486Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $2,855Undivided profits
  • Memoranda
  • $18,631Noncurrent loans and leases
  • $22,513Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $655Earning assets
  • $0Long-term assets (5+ years)
  • $1,450Average Assets, year-to-date
  • $304,571Average Assets, quarterly
  • $54,191Volatile liabilities
  • $311,685Insider loans
  • $315,787FHLB advances
  • $16,959Loans and leases held for sale
  • $7,719Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $22,513Total unused commitments
  • $0Restructured Loans and leases
  • $2,392Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $15,558Total interest income
  • $4,132Total interest expense
  • $11,426Net interest income
  • $272Provision for loan and lease losses
  • $2,678Total noninterest income
  • $0Fiduciary activities
  • $1,620Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,058Additional noninterest income
  • $9,355Total noninterest expense
  • $4,515Salaries and employee benefits
  • $1,353Premises and equipment expense
  • $3,487Additional noninterest expense
  • $4,477Pre-tax net operating income
  • -$21Securities gains (losses)
  • $1,478Applicable income taxes
  • $2,978Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,978Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $17Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.36%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.22%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 14.08%Return on equity (ROE)
  • 14.08%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1600.00%Credit loss provision to net charge-offs
  • 279.35%Efficiency ratio
  • 64,691Assets per employee
  • 2.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 377.10%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 68.10%Net loans and leases to core deposits
  • 71.54%Equity capital to assets
  • 6.93%Core capital (leverage) ratio
  • 7.06%Tier 1 risk-based capital ratio
  • 11.63%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $311,685Average earning assets
  • $21,151Average equity
  • $290,282Average loans

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