First National Bank of Bradford County in Starke, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1994

First National Bank of Bradford County in Starke, Florida (FL)
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First National Bank of Bradford County - Overview

General
FDIC Certificate #: 32909
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: CNB National Bank (#26631)
Federal Reserve ID: 1442401
Date Established: March 27, 1990
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 #: 45822
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: March 27, 1990
Last Structure Change Effective Date: April 01, 1994
Last Structure Change Process Date: April 14, 1994
Last Data Update: April 14, 1994
Data Source Date: April 05, 2012
Location
Address: 606 West Madison Street, Starke, FL 32091
County: Bradford
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: $14.8 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)
$12Total assets
$15,105Cash and due from depository institutions
$1,123Interest-bearing balances
$352Securities
$4,836Federal funds sold & reverse repurchase agreements
$320Net loans & leases
$7,574Loan loss allowance
$169Trading account assets
$0Bank premises and fixed assets
$992Other real estate owned
$12Goodwill and other intangibles
$227Life insurance assets
$21All other assets
$0Total liabilities and capital
$15,105Total liabilities
$12,471Total deposits
$12,437Interest-bearing deposits
$10,505Deposits held in domestic offices
12437.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$34Total equity capital
$34Total bank equity capital
$2,634Perpetual preferred stock
$0Common stock
$1,650Surplus
$1,650Undivided profits
Memoranda
$-666Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$165Income earned, not collected on loans
$48Earning assets
$13,082Long-term assets (5+ years)
$1,179Average Assets, year-to-date
$14,957Average Assets, quarterly
$15,380Volatile liabilities
$1,615Insider loans
$1,018FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$409Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,613Total risk weighted assets
$9,014Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$980Total interest expense
$347Net interest income
$633Provision for loan and lease losses
$75Total noninterest income
$202Fiduciary activities
$0Service charges on deposit accounts
$187Trading account gains & fees
$0Additional noninterest income
$15Total noninterest expense
$777Salaries and employee benefits
$370Premises and equipment expense
$203Additional noninterest expense
$204Pre-tax net operating income
-$17Securities gains (losses)
$0Applicable income taxes
$0Income before extraordinary items
-$17Extraordinary gains - net
$0Net income attributable to bank
-$17Net charge-offs
$57Cash 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
7.58%Cost of funding earning assets
2.68%Net interest margin
4.89%Noninterest income to earning assets
1.56%Noninterest expense to earning assets
6.01%Net operating income to assets
-0.11%Return on assets (ROA)
-0.11%Pretax return on assets
-0.11%Return on equity (ROE)
-0.64%Retained earnings to average equity (YTD only)
-0.64%Net charge-offs to loans
0.75%Credit loss provision to net charge-offs
131.58%Efficiency ratio
91,018Assets per employee
1.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.18%Loss allowance to noncurrent loans
102.42%Noncurrent assets plus other real estate owned to assets
1.17%Noncurrent loans to loans
2.13%Net loans and leases to deposits
60.90%Net loans and leases to core deposits
69.99%Equity capital to assets
17.44%Core capital (leverage) ratio
16.88%Tier 1 risk-based capital ratio
28.99%Total risk-based capital ratio
Memoranda
$30Average assets
$14,957Average earning assets
$2,645Average equity
$12,936Average loans

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