The Bank of Bradenton in Bradenton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 1994

  • The Bank of Bradenton in Bradenton, Florida (FL)
  • Show street view No street view available for this location

The Bank of Bradenton - Overview

  • General
  • FDIC Certificate #: 26806
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: SouthTrust Bank of the Suncoast (#27461)
    Federal Reserve ID: 152730
    Date Established: July 09, 1986
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 35986
    Numeric code: 13
    Regulator: FED
    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 09, 1986
    Last Structure Change Effective Date: June 30, 1994
    Last Structure Change Process Date: August 02, 1994
    Last Data Update: August 11, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 404 53rd Avenue West, Bradenton, FL 34207
    County: Manatee
    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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $48.5 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)
  • $24Total assets
  • $46,047Cash and due from depository institutions
  • $2,169Interest-bearing balances
  • $0Securities
  • $15,608Federal funds sold & reverse repurchase agreements
  • $2,400Net loans & leases
  • $24,228Loan loss allowance
  • $375Trading account assets
  • $0Bank premises and fixed assets
  • $473Other real estate owned
  • $725Goodwill and other intangibles
  • $444Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $46,047Total liabilities
  • $42,081Total deposits
  • $41,695Interest-bearing deposits
  • $34,145Deposits held in domestic offices
  • 41695.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $386Total equity capital
  • $386Total bank equity capital
  • $3,966Perpetual preferred stock
  • $0Common stock
  • $1,480Surplus
  • $1,478Undivided profits
  • Memoranda
  • $1,008Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $132Earning assets
  • $42,236Long-term assets (5+ years)
  • $53Average Assets, year-to-date
  • $44,746Average Assets, quarterly
  • $45,050Volatile liabilities
  • $3,173Insider loans
  • $613FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,260Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,966Total risk weighted assets
  • $23,113Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,056Total interest expense
  • $983Net interest income
  • $2,073Provision for loan and lease losses
  • $33Total noninterest income
  • $225Fiduciary activities
  • $0Service charges on deposit accounts
  • $196Trading account gains & fees
  • $0Additional noninterest income
  • $29Total noninterest expense
  • $1,536Salaries and employee benefits
  • $747Premises and equipment expense
  • $209Additional noninterest expense
  • $580Pre-tax net operating income
  • $729Securities gains (losses)
  • $6Applicable income taxes
  • $261Income before extraordinary items
  • $474Extraordinary gains - net
  • $0Net income attributable to bank
  • $474Net charge-offs
  • $2Cash dividends
  • $26Sale, conversion, retirement of capital stock, net
  • $27Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.36%Cost of funding earning assets
  • 2.37%Net interest margin
  • 4.99%Noninterest income to earning assets
  • 0.54%Noninterest expense to earning assets
  • 3.70%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 1.64%Return on equity (ROE)
  • 12.72%Retained earnings to average equity (YTD only)
  • 12.02%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 1650.00%Efficiency ratio
  • 66,841Assets per employee
  • 1.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 5.49%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 1.57%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 58.11%Net loans and leases to core deposits
  • 62.89%Equity capital to assets
  • 8.61%Core capital (leverage) ratio
  • 8.60%Tier 1 risk-based capital ratio
  • 17.16%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $44,746Average earning assets
  • $3,726Average equity
  • $41,504Average 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 The Bank of Bradenton.
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