First National Bank of Venice in city_name, state_name - Detailed Financial Reports, Location

First National Bank of Venice in Venice, Florida (FL)
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First National Bank of Venice - Overview

General
FDIC Certificate #: 18733
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SunTrust Bank, Gulf Coast (#16882)
Federal Reserve ID: 451536
Date Established: March 29, 1963
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 10 (Interstate: No)
FDIC's unique #: 12600
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 29, 1963
Last Structure Change Effective Date: Febuary 26, 1993
Last Structure Change Process Date: April 21, 1993
Last Data Update: April 21, 1993
Data Source Date: April 05, 2012
Location
Address: 200 Nokomis Avenue South, Venice, FL 34284
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: $365.4 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$168Total assets
$365,409Cash and due from depository institutions
$16,489Interest-bearing balances
$4,000Securities
$62,514Federal funds sold & reverse repurchase agreements
$4,050Net loans & leases
$258,147Loan loss allowance
$6,856Trading account assets
$0Bank premises and fixed assets
$3,260Other real estate owned
$1,122Goodwill and other intangibles
$5,973Life insurance assets
$13,854All other assets
$0Total liabilities and capital
$365,409Total liabilities
$317,636Total deposits
$303,060Interest-bearing deposits
$260,934Deposits held in domestic offices
303060.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$11,604Trading liabilities
$0Other borrowed funds
$804Subordinated debt
$0All other liabilities
$2,168Total equity capital
$2,168Total bank equity capital
$47,773Perpetual preferred stock
$0Common stock
$2,000Surplus
$42,658Undivided profits
Memoranda
$3,115Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$8,419Income earned, not collected on loans
$1,210Earning assets
$328,711Long-term assets (5+ years)
$26,278Average Assets, year-to-date
$381,072Average Assets, quarterly
$368,970Volatile liabilities
$19,875Insider loans
$1,113FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$24,931Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$33,919Total risk weighted assets
$217,940Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$28,266Total interest expense
$10,915Net interest income
$17,351Provision for loan and lease losses
$1,123Total noninterest income
$4,702Fiduciary activities
$2,865Service charges on deposit accounts
$735Trading account gains & fees
$0Additional noninterest income
$1,102Total noninterest expense
$13,318Salaries and employee benefits
$6,033Premises and equipment expense
$2,354Additional noninterest expense
$4,931Pre-tax net operating income
$7,612Securities gains (losses)
$0Applicable income taxes
$3,133Income before extraordinary items
$4,479Extraordinary gains - net
$0Net income attributable to bank
$4,479Net charge-offs
$628Cash dividends
$1,364Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.11%Cost of funding earning assets
3.13%Net interest margin
4.98%Noninterest income to earning assets
1.35%Noninterest expense to earning assets
3.82%Net operating income to assets
1.18%Return on assets (ROA)
1.18%Pretax return on assets
2.00%Return on equity (ROE)
10.44%Retained earnings to average equity (YTD only)
7.26%Net charge-offs to loans
0.24%Credit loss provision to net charge-offs
178.82%Efficiency ratio
55,952Assets per employee
2.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.45%Loss allowance to loans
2.59%Loss allowance to noncurrent loans
81.43%Noncurrent assets plus other real estate owned to assets
2.61%Noncurrent loans to loans
3.18%Net loans and leases to deposits
85.18%Net loans and leases to core deposits
87.33%Equity capital to assets
13.07%Core capital (leverage) ratio
9.66%Tier 1 risk-based capital ratio
15.56%Total risk-based capital ratio
Memoranda
$17Average assets
$381,072Average earning assets
$42,904Average equity
$348,454Average loans

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

First National Bank of Venice - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

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

First National Bank of Venice - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

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