Synovus Bank in Saint Petersburg, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2010

  • Synovus Bank in Saint Petersburg, Florida (FL)
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Synovus Bank - Overview

  • General
  • FDIC Certificate #: 34172
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#873)
    Federal Reserve ID: 2458119
    Date Established: May 10, 1996
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 25 (Interstate: No)
    FDIC's unique #: 56829
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 10, 1996
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 15, 2010
    Last Data Update: June 15, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 12450 Roosevelt Boulevard North, Saint Petersburg, FL 33716
    County: Pinellas
    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: $1,334.5 mil

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

2000 - 2011 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, 2009)

  • Dollar figures in thousands
  • 241Total employees (full-time equivalent)
  • $1,347,152Total assets
  • $64,113Cash and due from depository institutions
  • $50,324Interest-bearing balances
  • $101,808Securities
  • $20,493Federal funds sold & reverse repurchase agreements
  • $1,031,903Net loans & leases
  • $26,612Loan loss allowance
  • $0Trading account assets
  • $52,714Bank premises and fixed assets
  • $2,927Other real estate owned
  • $4,732Goodwill and other intangibles
  • $6,899Life insurance assets
  • $68,462All other assets
  • $1,347,152Total liabilities and capital
  • $1,210,658Total liabilities
  • $1,014,112Total deposits
  • $867,360Interest-bearing deposits
  • $1,014,112Deposits held in domestic offices
  • 88.30%% insured (estimated)
  • $130,579Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $55,414Other borrowed funds
  • $0Subordinated debt
  • $10,553All other liabilities
  • $136,494Total equity capital
  • $136,494Total bank equity capital
  • $136,494Perpetual preferred stock
  • $0Common stock
  • $2,688Surplus
  • $429,247Undivided profits
  • Memoranda
  • $-295,441Noncurrent loans and leases
  • $155,748Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $77,374Earning assets
  • $0Long-term assets (5+ years)
  • $3,910Average Assets, year-to-date
  • $1,204,528Average Assets, quarterly
  • $188,874Volatile liabilities
  • $1,474,164Insider loans
  • $1,447,777FHLB advances
  • $436,283Loans and leases held for sale
  • $17,873Unused loan commitments
  • $55,414Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,715Total risk weighted assets
  • $155,748Total unused commitments
  • $2,136Restructured Loans and leases
  • $14,852Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $65,747Total interest income
  • $27,470Total interest expense
  • $38,277Net interest income
  • $102,694Provision for loan and lease losses
  • $599Total noninterest income
  • $0Fiduciary activities
  • $3,437Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,838Additional noninterest income
  • $48,994Total noninterest expense
  • $20,744Salaries and employee benefits
  • $9,861Premises and equipment expense
  • $18,389Additional noninterest expense
  • -$112,812Pre-tax net operating income
  • $689Securities gains (losses)
  • -$28,769Applicable income taxes
  • -$83,354Income before extraordinary items
  • $0Extraordinary gains - net
  • -$83,354Net income attributable to bank
  • $0Net charge-offs
  • -$83,354Cash dividends
  • $103,608Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 2.04%Cost of funding earning assets
  • 2.85%Net interest margin
  • 0.04%Noninterest income to earning assets
  • 3.65%Noninterest expense to earning assets
  • -5.69%Net operating income to assets
  • -5.65%Return on assets (ROA)
  • -7.61%Pretax return on assets
  • -54.50%Return on equity (ROE)
  • -54.50%Retained earnings to average equity (YTD only)
  • 8.86%Net charge-offs to loans
  • 99.12%Credit loss provision to net charge-offs
  • -0.10%Efficiency ratio
  • 123,238Assets per employee
  • 5.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.51%Loss allowance to noncurrent loans
  • 34.39%Noncurrent assets plus other real estate owned to assets
  • 5.96%Noncurrent loans to loans
  • 7.31%Net loans and leases to deposits
  • 101.75%Net loans and leases to core deposits
  • 145.67%Equity capital to assets
  • 10.13%Core capital (leverage) ratio
  • 9.30%Tier 1 risk-based capital ratio
  • 11.00%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,474,164Average earning assets
  • $152,944Average equity
  • $1,343,314Average loans

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