Meritor Savings Bank, F.A. in Winter Haven, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 22, 1993

  • Meritor Savings Bank, F.A. in Winter Haven, Florida (FL)
  • Show street view No street view available for this location

Meritor Savings Bank, F.A. - Overview

  • General
  • FDIC Certificate #: 30728
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: First Union National Bank of Florida (#24398)
    Federal Reserve ID: 70870
    Date Established: January 01, 1948
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5808
    FDIC's unique #: 43562
    Numeric code: 37
    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: June 29, 1955
    Last Structure Change Effective Date: July 22, 1993
    Last Structure Change Process Date: August 11, 1993
    Last Data Update: March 10, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 203 Avenue A Nw, Winter Haven, FL 33881
    County: Polk
    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): Lakeland-Winter Haven, FL (#3980)
    Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460)
    CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
  • History of Changes
  • Merger - Without Assistance
    Corrections
    Office Sold
  • Financial Summary
  • Total assets: $935.1 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $366Total assets
  • $1,180,552Cash and due from depository institutions
  • $298,771Interest-bearing balances
  • $285,620Securities
  • $65,858Federal funds sold & reverse repurchase agreements
  • $2,000Net loans & leases
  • $754,896Loan loss allowance
  • $22,987Trading account assets
  • $0Bank premises and fixed assets
  • $11,272Other real estate owned
  • $9,907Goodwill and other intangibles
  • $37,848Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $1,180,552Total liabilities
  • $1,119,405Total deposits
  • $1,099,512Interest-bearing deposits
  • $1,083,323Deposits held in domestic offices
  • 1099512.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $15,551Subordinated debt
  • $0All other liabilities
  • $4,342Total equity capital
  • $4,342Total bank equity capital
  • $61,147Perpetual preferred stock
  • $0Common stock
  • $101Surplus
  • $60,899Undivided profits
  • Memoranda
  • $147Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $23,196Income earned, not collected on loans
  • $4,957Earning assets
  • $1,108,374Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $1,237,299Average Assets, quarterly
  • $1,192,305Volatile liabilities
  • $61,097Insider loans
  • $0FHLB advances
  • $15,551Loans and leases held for sale
  • $0Unused loan commitments
  • $21,868Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $60,939Total risk weighted assets
  • $553,330Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $20,864Total interest expense
  • $12,816Net interest income
  • $8,048Provision for loan and lease losses
  • $16,185Total noninterest income
  • $661Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $661Total noninterest expense
  • $7,236Salaries and employee benefits
  • $2,270Premises and equipment expense
  • $1,771Additional noninterest expense
  • $3,195Pre-tax net operating income
  • -$14,712Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$14,712Extraordinary gains - net
  • $0Net income attributable to bank
  • -$14,712Net charge-offs
  • $1,534Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $46,626Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 1.83%Cost of funding earning assets
  • 1.12%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 0.06%Noninterest expense to earning assets
  • 0.63%Net operating income to assets
  • -1.19%Return on assets (ROA)
  • -1.19%Pretax return on assets
  • -1.19%Return on equity (ROE)
  • -23.71%Retained earnings to average equity (YTD only)
  • -23.71%Net charge-offs to loans
  • 0.19%Credit loss provision to net charge-offs
  • 1055.08%Efficiency ratio
  • 79,711Assets per employee
  • 3.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.96%Loss allowance to noncurrent loans
  • 99.10%Noncurrent assets plus other real estate owned to assets
  • 2.76%Noncurrent loans to loans
  • 2.98%Net loans and leases to deposits
  • 68.66%Net loans and leases to core deposits
  • 71.62%Equity capital to assets
  • 5.18%Core capital (leverage) ratio
  • 5.17%Tier 1 risk-based capital ratio
  • 11.01%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,237,299Average earning assets
  • $62,053Average equity
  • $1,140,459Average loans

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