Citizens National Bank and Trust Company - Overview
General
FDIC Certificate #: 27406 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Mercantile Bank (#32473) Federal Reserve ID: 1356124 Date Established: December 29, 1988 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 13428 FDIC's unique #: 39875 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: December 29, 1988 Last Structure Change Effective Date: January 16, 1998 Last Structure Change Process Date: Febuary 09, 1998 Last Data Update: Febuary 09, 1998 Data Source Date: April 05, 2012
Location
Address: 9550 U.S. Highway 19, North, Port Richey, FL 34667 County: Pasco 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): Tampa-St. Petersburg-Clearwater, FL (#8280) Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300) CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
Financial Summary
Total assets: $75.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
22Total employees (full-time equivalent)
$75,498Total assets
$1,717Cash and due from depository institutions
$332Interest-bearing balances
$34,007Securities
$7,600Federal funds sold & reverse repurchase agreements
$30,744Net loans & leases
$428Loan loss allowance
$0Trading account assets
$569Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$861All other assets
$75,498Total liabilities and capital
$66,669Total liabilities
$66,457Total deposits
$64,389Interest-bearing deposits
$66,457Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$212All other liabilities
$8,829Total equity capital
$8,829Total bank equity capital
$8,829Perpetual preferred stock
$0Common stock
$3,015Surplus
$2,996Undivided profits
Memoranda
$2,818Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$149Average Assets, year-to-date
$72,683Average Assets, quarterly
$22,888Volatile liabilities
$74,693Insider loans
$74,641FHLB advances
$4,807Loans and leases held for sale
$1,246Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,652Total unused commitments
$0Restructured Loans and leases
$34,122Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$5,287Total interest income
$2,994Total interest expense
$2,293Net interest income
$0Provision for loan and lease losses
$388Total noninterest income
$0Fiduciary activities
$66Service charges on deposit accounts
$0Trading account gains & fees
$322Additional noninterest income
$2,294Total noninterest expense
$1,013Salaries and employee benefits
$288Premises and equipment expense
$993Additional noninterest expense
$387Pre-tax net operating income
-$2Securities gains (losses)
$34Applicable income taxes
$351Income before extraordinary items
$0Extraordinary gains - net
$351Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$60Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.37%Yield on earning assets
4.17%Cost of funding earning assets
3.20%Net interest margin
0.54%Noninterest income to earning assets
3.20%Noninterest expense to earning assets
0.47%Net operating income to assets
0.47%Return on assets (ROA)
0.52%Pretax return on assets
4.10%Return on equity (ROE)
3.40%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
85,565Assets per employee
3.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.09%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
46.26%Net loans and leases to core deposits
49.87%Equity capital to assets
11.69%Core capital (leverage) ratio
11.74%Tier 1 risk-based capital ratio
25.86%Total risk-based capital ratio
Memoranda
$27Average assets
$74,693Average earning assets
$8,569Average equity
$71,736Average loans
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