SunTrust Bank, Gulf Coast in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2000

  • SunTrust Bank, Gulf Coast in Sarasota, Florida (FL)
  • Show street view No street view available for this location

SunTrust Bank, Gulf Coast - Overview

  • General
  • FDIC Certificate #: 16882
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank (#867)
    Federal Reserve ID: 648831
    Date Established: Febuary 08, 1950
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 29 (Interstate: No)
    OTS Docket #: 11189
    FDIC's unique #: 10974
    Numeric code: 13
    Regulator: FED
    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 08, 1950
    Last Structure Change Effective Date: January 01, 2000
    Last Structure Change Process Date: March 29, 2000
    Last Data Update: March 29, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 1777 Main Street, 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: $2,202.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1999)

  • Dollar figures in thousands
  • 572Total employees (full-time equivalent)
  • $2,202,616Total assets
  • $44,602Cash and due from depository institutions
  • $221Interest-bearing balances
  • $327,928Securities
  • $45,867Federal funds sold & reverse repurchase agreements
  • $1,709,532Net loans & leases
  • $17,346Loan loss allowance
  • $0Trading account assets
  • $34,762Bank premises and fixed assets
  • $1,365Other real estate owned
  • $18,983Goodwill and other intangibles
  • $0Life insurance assets
  • $19,577All other assets
  • $2,202,616Total liabilities and capital
  • $2,007,726Total liabilities
  • $1,587,698Total deposits
  • $1,373,406Interest-bearing deposits
  • $1,587,698Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $263,189Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $134,550Other borrowed funds
  • $0Subordinated debt
  • $22,289All other liabilities
  • $194,890Total equity capital
  • $194,890Total bank equity capital
  • $194,890Perpetual preferred stock
  • $0Common stock
  • $1,386Surplus
  • $135,947Undivided profits
  • Memoranda
  • $57,557Noncurrent loans and leases
  • $294,786Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,586Earning assets
  • $282Long-term assets (5+ years)
  • $7,472Average Assets, year-to-date
  • $2,083,548Average Assets, quarterly
  • $505,387Volatile liabilities
  • $2,183,830Insider loans
  • $2,225,944FHLB advances
  • $385,291Loans and leases held for sale
  • $24,418Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,094Total risk weighted assets
  • $294,786Total unused commitments
  • $0Restructured Loans and leases
  • $17,346Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $146,642Total interest income
  • $70,309Total interest expense
  • $76,333Net interest income
  • $1,000Provision for loan and lease losses
  • $36,131Total noninterest income
  • $15,625Fiduciary activities
  • $4,601Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15,905Additional noninterest income
  • $65,672Total noninterest expense
  • $28,369Salaries and employee benefits
  • $6,487Premises and equipment expense
  • $30,816Additional noninterest expense
  • $45,792Pre-tax net operating income
  • -$2,657Securities gains (losses)
  • $15,505Applicable income taxes
  • $27,630Income before extraordinary items
  • $0Extraordinary gains - net
  • $27,630Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,938Sale, conversion, retirement of capital stock, net
  • $26,000Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.15%Yield on earning assets
  • 3.43%Cost of funding earning assets
  • 3.72%Net interest margin
  • 1.76%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 1.34%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.98%Pretax return on assets
  • 13.95%Return on equity (ROE)
  • 0.82%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 51.60%Credit loss provision to net charge-offs
  • 24.14%Efficiency ratio
  • 56,702Assets per employee
  • 3.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 94.10%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 228.66%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 107.67%Net loans and leases to core deposits
  • 115.17%Equity capital to assets
  • 8.85%Core capital (leverage) ratio
  • 7.98%Tier 1 risk-based capital ratio
  • 12.59%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $2,183,830Average earning assets
  • $198,032Average equity
  • $2,052,180Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with SunTrust Bank, Gulf Coast.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents