First Commercial Bank of Manatee County in city_name, state_name

First Commercial Bank of Manatee County in Bradenton, Florida (FL)
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First Commercial Bank of Manatee County - Overview

General
FDIC Certificate #: 21102
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank of the Suncoast (#27461)
Federal Reserve ID: 681838
Date Established: June 01, 1973
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 14585
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: June 01, 1973
Last Structure Change Effective Date: September 13, 1995
Last Structure Change Process Date: September 27, 1995
Last Data Update: September 27, 1995
Data Source Date: April 05, 2012
Location
Address: 410 Cortez Road West, Bradenton, FL 33506
County: Manatee
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: $38.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$26Total assets
$37,410Cash and due from depository institutions
$2,022Interest-bearing balances
$0Securities
$8,954Federal funds sold & reverse repurchase agreements
$1,029Net loans & leases
$23,939Loan loss allowance
$418Trading account assets
$0Bank premises and fixed assets
$775Other real estate owned
$130Goodwill and other intangibles
$561Life insurance assets
$0All other assets
$0Total liabilities and capital
$37,410Total liabilities
$34,770Total deposits
$34,595Interest-bearing deposits
$27,551Deposits held in domestic offices
34595.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$175Total equity capital
$175Total bank equity capital
$2,640Perpetual preferred stock
$0Common stock
$740Surplus
$1,650Undivided profits
Memoranda
$250Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$315Income earned, not collected on loans
$250Earning assets
$33,922Long-term assets (5+ years)
$3,370Average Assets, year-to-date
$36,040Average Assets, quarterly
$36,962Volatile liabilities
$1,808Insider loans
$869FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,577Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,691Total risk weighted assets
$23,237Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,519Total interest expense
$902Net interest income
$1,617Provision for loan and lease losses
$0Total noninterest income
$312Fiduciary activities
$0Service charges on deposit accounts
$275Trading account gains & fees
$0Additional noninterest income
$37Total noninterest expense
$1,729Salaries and employee benefits
$810Premises and equipment expense
$325Additional noninterest expense
$594Pre-tax net operating income
$200Securities gains (losses)
$0Applicable income taxes
$47Income before extraordinary items
$153Extraordinary gains - net
$0Net income attributable to bank
$153Net charge-offs
-$12Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.75%Cost of funding earning assets
2.78%Net interest margin
4.98%Noninterest income to earning assets
0.96%Noninterest expense to earning assets
5.32%Net operating income to assets
0.42%Return on assets (ROA)
0.42%Pretax return on assets
0.55%Return on equity (ROE)
5.93%Retained earnings to average equity (YTD only)
5.93%Net charge-offs to loans
-0.05%Credit loss provision to net charge-offs
0.00%Efficiency ratio
89,632Assets per employee
1.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.72%Loss allowance to noncurrent loans
132.70%Noncurrent assets plus other real estate owned to assets
1.19%Noncurrent loans to loans
1.29%Net loans and leases to deposits
69.20%Net loans and leases to core deposits
73.01%Equity capital to assets
7.06%Core capital (leverage) ratio
7.30%Tier 1 risk-based capital ratio
11.58%Total risk-based capital ratio
Memoranda
$13Average assets
$36,040Average earning assets
$2,579Average equity
$32,485Average loans

First Commercial Bank of Manatee County in Bradenton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Commercial Bank of Manatee County - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

First Commercial Bank of Manatee County in Bradenton, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Commercial Bank of Manatee County - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

First Commercial Bank of Manatee County in Bradenton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches