Community National Bank of Sarasota County - Overview
General
FDIC Certificate #: 27183 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Stearns Bank National Association (#10988) Federal Reserve ID: 1165531 Date Established: Febuary 16, 1988 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 #: 39024 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: Febuary 16, 1988 Last Structure Change Effective Date: August 07, 2009 Last Structure Change Process Date: August 10, 2009 Last Data Update: August 10, 2009 Data Source Date: April 05, 2012
Location
Address: 201 Center Road, Venice, FL 34285 County: Sarasota 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): Sarasota-Bradenton, FL (#7510) Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494) Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840) CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
Financial Summary
Total assets: $92.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
35Total employees (full-time equivalent)
$99,993Total assets
$3,559Cash and due from depository institutions
$0Interest-bearing balances
$3,508Securities
$819Federal funds sold & reverse repurchase agreements
$83,845Net loans & leases
$1,591Loan loss allowance
$0Trading account assets
$3,086Bank premises and fixed assets
$2,910Other real estate owned
$0Goodwill and other intangibles
$1,311Life insurance assets
$2,266All other assets
$99,993Total liabilities and capital
$91,555Total liabilities
$90,607Total deposits
$75,679Interest-bearing deposits
$90,607Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1Other borrowed funds
$0Subordinated debt
$947All other liabilities
$8,438Total equity capital
$8,438Total bank equity capital
$8,438Perpetual preferred stock
$0Common stock
$1,500Surplus
$4,030Undivided profits
Memoranda
$2,908Noncurrent loans and leases
$8,260Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12,900Earning assets
$0Long-term assets (5+ years)
$375Average Assets, year-to-date
$88,172Average Assets, quarterly
$11,089Volatile liabilities
$105,909Insider loans
$101,796FHLB advances
$18,929Loans and leases held for sale
$2,956Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,260Total unused commitments
$631Restructured Loans and leases
$976Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$6,183Total interest income
$2,598Total interest expense
$3,585Net interest income
$2,908Provision for loan and lease losses
$621Total noninterest income
$0Fiduciary activities
$406Service charges on deposit accounts
$0Trading account gains & fees
$215Additional noninterest income
$4,604Total noninterest expense
$2,048Salaries and employee benefits
$522Premises and equipment expense
$2,034Additional noninterest expense
-$3,306Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$3,306Income before extraordinary items
$0Extraordinary gains - net
-$3,306Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,277Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.44%Yield on earning assets
2.71%Cost of funding earning assets
3.73%Net interest margin
0.65%Noninterest income to earning assets
4.79%Noninterest expense to earning assets
-3.12%Net operating income to assets
-3.12%Return on assets (ROA)
-3.12%Pretax return on assets
-37.48%Return on equity (ROE)
-37.48%Retained earnings to average equity (YTD only)
2.50%Net charge-offs to loans
127.71%Credit loss provision to net charge-offs
-0.17%Efficiency ratio
109,463Assets per employee
2.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.86%Loss allowance to noncurrent loans
12.33%Noncurrent assets plus other real estate owned to assets
15.81%Noncurrent loans to loans
15.10%Net loans and leases to deposits
92.54%Net loans and leases to core deposits
116.97%Equity capital to assets
8.44%Core capital (leverage) ratio
8.28%Tier 1 risk-based capital ratio
10.74%Total risk-based capital ratio
Memoranda
$12Average assets
$105,909Average earning assets
$8,820Average equity
$96,018Average loans
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