SouthTrust Bank of the Suncoast in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 15, 1995

  • SouthTrust Bank of the Suncoast in Sarasota, Florida (FL)
  • Show street view No street view available for this location

SouthTrust Bank of the Suncoast - Overview

  • General
  • FDIC Certificate #: 27461
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank of Florida, National Association (#21679)
    Federal Reserve ID: 1366600
    Date Established: Febuary 27, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    FDIC's unique #: 39985
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 27, 1989
    Last Structure Change Effective Date: December 15, 1995
    Last Structure Change Process Date: December 27, 1995
    Last Data Update: December 27, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 240 North Washington Boulevard, Sarasota, FL 34230
    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: $367.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $87Total assets
  • $194,407Cash and due from depository institutions
  • $10,187Interest-bearing balances
  • $0Securities
  • $23,771Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $148,165Loan loss allowance
  • $2,173Trading account assets
  • $0Bank premises and fixed assets
  • $8,321Other real estate owned
  • $435Goodwill and other intangibles
  • $2,176Life insurance assets
  • $1,352All other assets
  • $0Total liabilities and capital
  • $194,407Total liabilities
  • $179,320Total deposits
  • $148,472Interest-bearing deposits
  • $123,728Deposits held in domestic offices
  • 148472.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $29,735Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,113Total equity capital
  • $1,113Total bank equity capital
  • $15,087Perpetual preferred stock
  • $0Common stock
  • $800Surplus
  • $13,133Undivided profits
  • Memoranda
  • $1,154Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $741Income earned, not collected on loans
  • $771Earning assets
  • $171,936Long-term assets (5+ years)
  • $23,434Average Assets, year-to-date
  • $183,697Average Assets, quarterly
  • $191,779Volatile liabilities
  • $41,138Insider loans
  • $619FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $35,960Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,819Total risk weighted assets
  • $132,338Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,071Total interest expense
  • $4,422Net interest income
  • $7,649Provision for loan and lease losses
  • $692Total noninterest income
  • $1,092Fiduciary activities
  • $0Service charges on deposit accounts
  • $825Trading account gains & fees
  • $0Additional noninterest income
  • $267Total noninterest expense
  • $7,360Salaries and employee benefits
  • $3,186Premises and equipment expense
  • $1,183Additional noninterest expense
  • $2,991Pre-tax net operating income
  • $689Securities gains (losses)
  • -$4Applicable income taxes
  • $409Income before extraordinary items
  • $276Extraordinary gains - net
  • $0Net income attributable to bank
  • $276Net charge-offs
  • $236Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.55%Cost of funding earning assets
  • 2.76%Net interest margin
  • 4.78%Noninterest income to earning assets
  • 0.68%Noninterest expense to earning assets
  • 4.60%Net operating income to assets
  • 0.15%Return on assets (ROA)
  • 0.15%Pretax return on assets
  • 0.37%Return on equity (ROE)
  • 1.91%Retained earnings to average equity (YTD only)
  • 1.91%Net charge-offs to loans
  • 0.18%Credit loss provision to net charge-offs
  • 293.22%Efficiency ratio
  • 83,068Assets per employee
  • 2.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 293.25%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.49%Net loans and leases to deposits
  • 99.79%Net loans and leases to core deposits
  • 108.10%Equity capital to assets
  • 7.76%Core capital (leverage) ratio
  • 7.35%Tier 1 risk-based capital ratio
  • 10.44%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $183,697Average earning assets
  • $14,441Average equity
  • $159,955Average loans

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