Citrus National Bank in Crystal River, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 24, 1994

Citrus National Bank in Crystal River, Florida (FL)
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Citrus National Bank - Overview

General
FDIC Certificate #: 27358
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank of Central Florida (#18781)
Federal Reserve ID: 1218950
Date Established: October 20, 1988
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 39632
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: October 20, 1988
Last Structure Change Effective Date: September 24, 1994
Last Structure Change Process Date: October 19, 1994
Last Data Update: October 19, 1994
Data Source Date: April 05, 2012
Location
Address: 1100 Southeast Highway 19, Crystal River, FL 34429
County: Citrus
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
Core Based Statistical Area (CBSA): Homosassa Springs, FL (#26140)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $37.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$19Total assets
$36,247Cash and due from depository institutions
$988Interest-bearing balances
$0Securities
$9,424Federal funds sold & reverse repurchase agreements
$1,500Net loans & leases
$21,849Loan loss allowance
$267Trading account assets
$0Bank premises and fixed assets
$1,584Other real estate owned
$651Goodwill and other intangibles
$251Life insurance assets
$0All other assets
$0Total liabilities and capital
$36,247Total liabilities
$32,845Total deposits
$32,596Interest-bearing deposits
$28,609Deposits held in domestic offices
32596.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$249Total equity capital
$249Total bank equity capital
$3,402Perpetual preferred stock
$0Common stock
$1,811Surplus
$1,811Undivided profits
Memoranda
$-220Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$449Income earned, not collected on loans
$90Earning assets
$32,773Long-term assets (5+ years)
$2,756Average Assets, year-to-date
$34,762Average Assets, quarterly
$35,482Volatile liabilities
$3,070Insider loans
$196FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,690Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,402Total risk weighted assets
$19,893Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$2,245Total interest expense
$911Net interest income
$1,334Provision for loan and lease losses
$97Total noninterest income
$206Fiduciary activities
$0Service charges on deposit accounts
$167Trading account gains & fees
$0Additional noninterest income
$39Total noninterest expense
$1,388Salaries and employee benefits
$475Premises and equipment expense
$256Additional noninterest expense
$657Pre-tax net operating income
$55Securities gains (losses)
$34Applicable income taxes
$0Income before extraordinary items
$89Extraordinary gains - net
$0Net income attributable to bank
$89Net charge-offs
$74Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.21%Cost of funding earning assets
2.92%Net interest margin
4.28%Noninterest income to earning assets
0.66%Noninterest expense to earning assets
4.46%Net operating income to assets
0.16%Return on assets (ROA)
0.26%Pretax return on assets
0.26%Return on equity (ROE)
2.64%Retained earnings to average equity (YTD only)
2.64%Net charge-offs to loans
0.35%Credit loss provision to net charge-offs
131.08%Efficiency ratio
88,961Assets per employee
1.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
59.47%Noncurrent assets plus other real estate owned to assets
3.03%Noncurrent loans to loans
2.03%Net loans and leases to deposits
67.03%Net loans and leases to core deposits
74.00%Equity capital to assets
9.39%Core capital (leverage) ratio
9.50%Tier 1 risk-based capital ratio
17.10%Total risk-based capital ratio
Memoranda
$18Average assets
$34,762Average earning assets
$3,369Average equity
$31,149Average loans

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