Newberry Bank in Newberry, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 12, 1998

Newberry Bank in Newberry, Florida (FL)
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Newberry Bank - Overview

General
FDIC Certificate #: 9628
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Republic Security Bank (#32254)
Federal Reserve ID: 525334
Date Established: May 21, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 14072
FDIC's unique #: 6153
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: January 01, 1934
Last Structure Change Effective Date: December 12, 1998
Last Structure Change Process Date: January 07, 1999
Last Data Update: January 07, 1999
Data Source Date: April 05, 2012
Location
Address: Main Street, Newberry, FL 32669
County: Alachua
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Dallas
FDIC Field Office: Gainesville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Gainesville, FL (#2900)
Core Based Statistical Area (CBSA): Gainesville, FL (#23540)
CBSA Metro Statistical Area: Gainesville, FL (#23540)
Financial Summary
Total assets: $36.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
22Total employees (full-time equivalent)
$38,755Total assets
$4,906Cash and due from depository institutions
$4,056Interest-bearing balances
$2,115Securities
$550Federal funds sold & reverse repurchase agreements
$30,080Net loans & leases
$394Loan loss allowance
$0Trading account assets
$740Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$364All other assets
$38,755Total liabilities and capital
$36,523Total liabilities
$34,671Total deposits
$31,537Interest-bearing deposits
$34,671Deposits held in domestic offices
0.00%% insured (estimated)
$912Federal funds purchased & repurchase agreements
$0Trading liabilities
$857Other borrowed funds
$0Subordinated debt
$83All other liabilities
$2,232Total equity capital
$2,232Total bank equity capital
$2,232Perpetual preferred stock
$0Common stock
$111Surplus
$1,192Undivided profits
Memoranda
$929Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$184Average Assets, year-to-date
$36,801Average Assets, quarterly
$8,561Volatile liabilities
$31,918Insider loans
$38,268FHLB advances
$8,333Loans and leases held for sale
$92Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,228Total unused commitments
$0Restructured Loans and leases
$27,886Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$3,055Total interest income
$1,430Total interest expense
$1,625Net interest income
$498Provision for loan and lease losses
$204Total noninterest income
$0Fiduciary activities
$162Service charges on deposit accounts
$0Trading account gains & fees
$42Additional noninterest income
$1,340Total noninterest expense
$624Salaries and employee benefits
$200Premises and equipment expense
$516Additional noninterest expense
-$9Pre-tax net operating income
$5Securities gains (losses)
$32Applicable income taxes
-$36Income before extraordinary items
$0Extraordinary gains - net
-$36Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$296Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
10.14%Yield on earning assets
4.75%Cost of funding earning assets
5.40%Net interest margin
0.68%Noninterest income to earning assets
4.45%Noninterest expense to earning assets
-0.13%Net operating income to assets
-0.11%Return on assets (ROA)
-0.01%Pretax return on assets
-1.74%Return on equity (ROE)
-1.74%Retained earnings to average equity (YTD only)
1.17%Net charge-offs to loans
168.24%Credit loss provision to net charge-offs
1.65%Efficiency ratio
73,264Assets per employee
1.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
86.76%Net loans and leases to core deposits
110.39%Equity capital to assets
5.76%Core capital (leverage) ratio
5.53%Tier 1 risk-based capital ratio
7.66%Total risk-based capital ratio
Memoranda
$9Average assets
$31,918Average earning assets
$2,065Average equity
$30,119Average loans

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