Northern Trust Bank of Vero Beach in Vero Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 22, 1996

Northern Trust Bank of Vero Beach in Vero Beach, Florida (FL)
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Northern Trust Bank of Vero Beach - Overview

General
FDIC Certificate #: 19606
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Northern Trust, National Association (#24185)
Federal Reserve ID: 575937
Date Established: July 11, 1966
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 13405
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: July 11, 1966
Last Structure Change Effective Date: March 22, 1996
Last Structure Change Process Date: April 11, 1996
Last Data Update: April 11, 1996
Data Source Date: April 05, 2012
Location
Address: 755 Beachland Boulevard, Vero Beach, FL 32960
County: Indian River
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: South Florida
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Port St. Lucie-Sebastian-Vero Beach, FL (#442)
Core Based Statistical Area (CBSA): Sebastian-Vero Beach, FL (#42680)
CBSA Metro Statistical Area: Sebastian-Vero Beach, FL (#42680)
Financial Summary
Total assets: $199.1 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)
$79Total assets
$199,068Cash and due from depository institutions
$10,463Interest-bearing balances
$0Securities
$67,248Federal funds sold & reverse repurchase agreements
$19,052Net loans & leases
$95,252Loan loss allowance
$893Trading account assets
$0Bank premises and fixed assets
$4,303Other real estate owned
$635Goodwill and other intangibles
$2,115Life insurance assets
$0All other assets
$0Total liabilities and capital
$199,068Total liabilities
$177,962Total deposits
$176,672Interest-bearing deposits
$154,899Deposits held in domestic offices
176672.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,290Total equity capital
$1,290Total bank equity capital
$21,106Perpetual preferred stock
$0Common stock
$494Surplus
$9,128Undivided profits
Memoranda
$11,484Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,709Income earned, not collected on loans
$584Earning assets
$181,552Long-term assets (5+ years)
$9,510Average Assets, year-to-date
$196,922Average Assets, quarterly
$192,822Volatile liabilities
$12,558Insider loans
$48FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$13,689Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$20,892Total risk weighted assets
$87,283Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$12,949Total interest expense
$5,465Net interest income
$7,484Provision for loan and lease losses
$134Total noninterest income
$3,341Fiduciary activities
$2,862Service charges on deposit accounts
$282Trading account gains & fees
$0Additional noninterest income
$197Total noninterest expense
$6,599Salaries and employee benefits
$3,698Premises and equipment expense
$826Additional noninterest expense
$2,075Pre-tax net operating income
$4,092Securities gains (losses)
-$411Applicable income taxes
$1,451Income before extraordinary items
$2,230Extraordinary gains - net
$0Net income attributable to bank
$2,230Net charge-offs
$381Cash dividends
$6,350Sale, 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
7.16%Cost of funding earning assets
3.02%Net interest margin
4.14%Noninterest income to earning assets
1.85%Noninterest expense to earning assets
3.65%Net operating income to assets
1.27%Return on assets (ROA)
1.13%Pretax return on assets
1.87%Return on equity (ROE)
9.80%Retained earnings to average equity (YTD only)
-18.11%Net charge-offs to loans
0.38%Credit loss provision to net charge-offs
35.17%Efficiency ratio
60,961Assets per employee
2.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
284.75%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
52.25%Noncurrent assets plus other real estate owned to assets
1.18%Noncurrent loans to loans
1.78%Net loans and leases to deposits
53.91%Net loans and leases to core deposits
58.04%Equity capital to assets
10.60%Core capital (leverage) ratio
10.80%Tier 1 risk-based capital ratio
23.94%Total risk-based capital ratio
Memoranda
$25Average assets
$196,922Average earning assets
$22,744Average equity
$180,891Average loans

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