FirstMerit Bank, FSB in Clearwater, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1996

  • FirstMerit Bank, FSB in Clearwater, Florida (FL)
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FirstMerit Bank, FSB - Overview

  • General
  • FDIC Certificate #: 33886
    Status: Inactive
    Closing history: Change in Location
    Acquiring institution: FirstMerit Bank, National Association (#32815)
    Federal Reserve ID: 2183297
    Date Established: March 11, 1994
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 11859
    FDIC's unique #: 48195
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: March 11, 1994
    Last Structure Change Effective Date: April 01, 1996
    Last Structure Change Process Date: April 17, 1996
    Last Data Update: April 17, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 28059 U.S. 19 North, Clearwater, FL 33755
    County: Pinellas
    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): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Merger - Without Assistance
    Change in Location
  • Financial Summary
  • Total assets: $119.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $51Total assets
  • $121,576Cash and due from depository institutions
  • $7,570Interest-bearing balances
  • $5,972Securities
  • $35,672Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $72,568Loan loss allowance
  • $557Trading account assets
  • $0Bank premises and fixed assets
  • $915Other real estate owned
  • $0Goodwill and other intangibles
  • $1,895Life insurance assets
  • $2,956All other assets
  • $0Total liabilities and capital
  • $121,577Total liabilities
  • $111,387Total deposits
  • $107,931Interest-bearing deposits
  • $104,275Deposits held in domestic offices
  • 107931.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $456Total equity capital
  • $456Total bank equity capital
  • $10,190Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $9,500Undivided profits
  • Memoranda
  • $-1,810Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $104Income earned, not collected on loans
  • $382Earning assets
  • $114,212Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $123,634Average Assets, quarterly
  • $123,097Volatile liabilities
  • $6,281Insider loans
  • $25FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $6,753Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,985Total risk weighted assets
  • $66,759Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,247Total interest expense
  • $5,598Net interest income
  • $2,649Provision for loan and lease losses
  • $857Total noninterest income
  • $438Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $438Total noninterest expense
  • $4,700Salaries and employee benefits
  • $2,291Premises and equipment expense
  • $633Additional noninterest expense
  • $1,776Pre-tax net operating income
  • -$2,470Securities gains (losses)
  • $316Applicable income taxes
  • -$754Income before extraordinary items
  • -$1,400Extraordinary gains - net
  • $0Net income attributable to bank
  • -$1,400Net charge-offs
  • $330Cash dividends
  • $0Sale, 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
  • 7.06%Cost of funding earning assets
  • 4.80%Net interest margin
  • 2.27%Noninterest income to earning assets
  • 0.38%Noninterest expense to earning assets
  • 4.03%Net operating income to assets
  • -1.30%Return on assets (ROA)
  • -1.13%Pretax return on assets
  • -1.74%Return on equity (ROE)
  • -13.61%Retained earnings to average equity (YTD only)
  • -13.61%Net charge-offs to loans
  • 0.75%Credit loss provision to net charge-offs
  • 259.70%Efficiency ratio
  • 140,849Assets per employee
  • 2.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.76%Loss allowance to noncurrent loans
  • 535.58%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.14%Net loans and leases to deposits
  • 67.24%Net loans and leases to core deposits
  • 69.34%Equity capital to assets
  • 8.38%Core capital (leverage) ratio
  • 5.91%Tier 1 risk-based capital ratio
  • 10.46%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $123,634Average earning assets
  • $10,285Average equity
  • $116,732Average loans

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