Sun Bank of Pasco County in Zephyrhills, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 06, 1994

Sun Bank of Pasco County in Zephyrhills, Florida (FL)
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Sun Bank of Pasco County - Overview

General
FDIC Certificate #: 16847
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Sun Bank and Trust Company (#145)
Federal Reserve ID: 355933
Date Established: November 11, 1949
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 11 (Interstate: No)
FDIC's unique #: 10946
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: November 11, 1949
Last Structure Change Effective Date: January 06, 1994
Last Structure Change Process Date: January 26, 1994
Last Data Update: January 26, 1994
Data Source Date: April 05, 2012
Location
Address: 5435 Gall Boulevard, Zephyrhills, FL 33539
County: Pasco
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)
Financial Summary
Total assets: $252.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$110Total assets
$252,275Cash and due from depository institutions
$6,009Interest-bearing balances
$0Securities
$59,966Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$170,752Loan loss allowance
$4,406Trading account assets
$0Bank premises and fixed assets
$8,062Other real estate owned
$3,149Goodwill and other intangibles
$4,337Life insurance assets
$0All other assets
$0Total liabilities and capital
$252,275Total liabilities
$234,198Total deposits
$230,935Interest-bearing deposits
$204,490Deposits held in domestic offices
230935.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$1,756Trading liabilities
$0Other borrowed funds
$751Subordinated debt
$0All other liabilities
$756Total equity capital
$756Total bank equity capital
$18,077Perpetual preferred stock
$0Common stock
$317Surplus
$6,427Undivided profits
Memoranda
$11,333Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,768Income earned, not collected on loans
$869Earning assets
$230,718Long-term assets (5+ years)
$36,028Average Assets, year-to-date
$259,315Average Assets, quarterly
$256,462Volatile liabilities
$7,370Insider loans
$1,086FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$16,662Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$17,388Total risk weighted assets
$149,585Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$16,568Total interest expense
$6,249Net interest income
$10,319Provision for loan and lease losses
$1,900Total noninterest income
$2,338Fiduciary activities
$0Service charges on deposit accounts
$1,251Trading account gains & fees
$0Additional noninterest income
$1,087Total noninterest expense
$11,497Salaries and employee benefits
$2,883Premises and equipment expense
$1,424Additional noninterest expense
$7,190Pre-tax net operating income
-$740Securities gains (losses)
$0Applicable income taxes
-$541Income before extraordinary items
-$199Extraordinary gains - net
$0Net income attributable to bank
-$199Net charge-offs
$1,295Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.03%Cost of funding earning assets
2.65%Net interest margin
4.38%Noninterest income to earning assets
0.99%Noninterest expense to earning assets
4.88%Net operating income to assets
-0.08%Return on assets (ROA)
-0.08%Pretax return on assets
-0.29%Return on equity (ROE)
-1.11%Retained earnings to average equity (YTD only)
-1.11%Net charge-offs to loans
0.74%Credit loss provision to net charge-offs
146.72%Efficiency ratio
90,835Assets per employee
2.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.52%Loss allowance to noncurrent loans
92.41%Noncurrent assets plus other real estate owned to assets
3.14%Noncurrent loans to loans
2.72%Net loans and leases to deposits
73.94%Net loans and leases to core deposits
75.53%Equity capital to assets
7.17%Core capital (leverage) ratio
6.74%Tier 1 risk-based capital ratio
11.62%Total risk-based capital ratio
Memoranda
$13Average assets
$259,315Average earning assets
$17,896Average equity
$235,613Average loans

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