Farmers and Dealers Bank in Lake Butler, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 31, 1996

Farmers and Dealers Bank in Lake Butler, Florida (FL)
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Farmers and Dealers Bank - Overview

General
FDIC Certificate #: 8016
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: CNB National Bank (#26631)
Federal Reserve ID: 192437
Date Established: December 12, 1911
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 5099
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 31, 1996
Last Structure Change Process Date: September 18, 1996
Last Data Update: September 18, 1996
Data Source Date: April 05, 2012
Location
Address: 300 West Main Street, Lake Butler, FL 32054
County: Union
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
Financial Summary
Total assets: $48.0 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$33Total assets
$48,373Cash and due from depository institutions
$2,093Interest-bearing balances
$0Securities
$20,927Federal funds sold & reverse repurchase agreements
$2,779Net loans & leases
$19,427Loan loss allowance
$300Trading account assets
$0Bank premises and fixed assets
$2,276Other real estate owned
$155Goodwill and other intangibles
$716Life insurance assets
$0All other assets
$0Total liabilities and capital
$48,373Total liabilities
$43,584Total deposits
$43,187Interest-bearing deposits
$36,148Deposits held in domestic offices
43187.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$397Total equity capital
$397Total bank equity capital
$4,789Perpetual preferred stock
$0Common stock
$200Surplus
$1,800Undivided profits
Memoranda
$2,789Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$139Earning assets
$43,133Long-term assets (5+ years)
$4,994Average Assets, year-to-date
$46,159Average Assets, quarterly
$47,898Volatile liabilities
$4,143Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,172Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,710Total risk weighted assets
$24,258Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,287Total interest expense
$1,403Net interest income
$1,884Provision for loan and lease losses
$0Total noninterest income
$508Fiduciary activities
$0Service charges on deposit accounts
$433Trading account gains & fees
$0Additional noninterest income
$75Total noninterest expense
$2,043Salaries and employee benefits
$1,098Premises and equipment expense
$391Additional noninterest expense
$554Pre-tax net operating income
$349Securities gains (losses)
$16Applicable income taxes
$140Income before extraordinary items
$225Extraordinary gains - net
$0Net income attributable to bank
$225Net charge-offs
-$2Cash dividends
$50Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.05%Cost of funding earning assets
3.44%Net interest margin
4.61%Noninterest income to earning assets
1.24%Noninterest expense to earning assets
5.00%Net operating income to assets
0.47%Return on assets (ROA)
0.49%Pretax return on assets
0.79%Return on equity (ROE)
4.90%Retained earnings to average equity (YTD only)
3.81%Net charge-offs to loans
-0.01%Credit loss provision to net charge-offs
0.00%Efficiency ratio
85,410Assets per employee
1.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
22.22%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.00%Net loans and leases to deposits
44.98%Net loans and leases to core deposits
49.76%Equity capital to assets
9.90%Core capital (leverage) ratio
9.66%Tier 1 risk-based capital ratio
19.42%Total risk-based capital ratio
Memoranda
$21Average assets
$46,159Average earning assets
$4,588Average equity
$40,836Average loans

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