FDIC Certificate #: 21570 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Big Lake National Bank (#26743) Federal Reserve ID: 318938 Date Established: May 09, 1974 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) FDIC's unique #: 14922 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: May 09, 1974 Last Structure Change Effective Date: May 01, 1998 Last Structure Change Process Date: May 11, 1998 Last Data Update: May 11, 1998 Data Source Date: April 05, 2012
Location
Address: 950 West Ventura Avenue, Clewiston, FL 33440 County: Hendry 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): Clewiston, FL (#17500) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $47.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
31Total employees (full-time equivalent)
$46,482Total assets
$1,929Cash and due from depository institutions
$0Interest-bearing balances
$9,633Securities
$2,141Federal funds sold & reverse repurchase agreements
$30,923Net loans & leases
$552Loan loss allowance
$0Trading account assets
$755Bank premises and fixed assets
$233Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$868All other assets
$46,482Total liabilities and capital
$42,330Total liabilities
$41,980Total deposits
$35,413Interest-bearing deposits
$41,980Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$350All other liabilities
$4,152Total equity capital
$4,152Total bank equity capital
$4,152Perpetual preferred stock
$0Common stock
$250Surplus
$950Undivided profits
Memoranda
$2,952Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,170Earning assets
$0Long-term assets (5+ years)
$255Average Assets, year-to-date
$42,697Average Assets, quarterly
$3,930Volatile liabilities
$47,845Insider loans
$46,951FHLB advances
$3,818Loans and leases held for sale
$975Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,769Total unused commitments
$0Restructured Loans and leases
$29,030Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,720Total interest income
$1,691Total interest expense
$2,029Net interest income
$211Provision for loan and lease losses
$509Total noninterest income
$0Fiduciary activities
$437Service charges on deposit accounts
$0Trading account gains & fees
$72Additional noninterest income
$2,119Total noninterest expense
$977Salaries and employee benefits
$242Premises and equipment expense
$900Additional noninterest expense
$208Pre-tax net operating income
$0Securities gains (losses)
$46Applicable income taxes
$162Income before extraordinary items
$0Extraordinary gains - net
$162Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$134Sale, conversion, retirement of capital stock, net
$134Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.49%Yield on earning assets
3.86%Cost of funding earning assets
4.63%Net interest margin
1.16%Noninterest income to earning assets
4.84%Noninterest expense to earning assets
0.34%Net operating income to assets
0.34%Return on assets (ROA)
0.43%Pretax return on assets
3.86%Return on equity (ROE)
0.67%Retained earnings to average equity (YTD only)
0.40%Net charge-offs to loans
157.46%Credit loss provision to net charge-offs
3.13%Efficiency ratio
83,491Assets per employee
1.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.72%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
47.18%Noncurrent assets plus other real estate owned to assets
3.02%Noncurrent loans to loans
3.72%Net loans and leases to deposits
73.66%Net loans and leases to core deposits
81.03%Equity capital to assets
8.93%Core capital (leverage) ratio
8.81%Tier 1 risk-based capital ratio
14.31%Total risk-based capital ratio
Memoranda
$16Average assets
$47,845Average earning assets
$4,199Average equity
$43,805Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Clewiston National Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: