The First National Bank of Clearwater in Clearwater, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 15, 1993

  • The First National Bank of Clearwater in Clearwater, Florida (FL)
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The First National Bank of Clearwater - Overview

  • General
  • FDIC Certificate #: 3556
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: AmSouth Bank of Florida (#27083)
    Federal Reserve ID: 379135
    Date Established: June 07, 1926
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Interstate: No)
    FDIC's unique #: 2248
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 15, 1993
    Last Structure Change Process Date: November 04, 1993
    Last Data Update: November 04, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Cleveland Street, Clearwater, FL 33515
    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: $435.8 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $249Total assets
  • $457,506Cash and due from depository institutions
  • $20,244Interest-bearing balances
  • $0Securities
  • $225,215Federal funds sold & reverse repurchase agreements
  • $49,000Net loans & leases
  • $141,582Loan loss allowance
  • $3,449Trading account assets
  • $0Bank premises and fixed assets
  • $8,642Other real estate owned
  • $5,884Goodwill and other intangibles
  • $6,647Life insurance assets
  • $292All other assets
  • $0Total liabilities and capital
  • $457,506Total liabilities
  • $416,184Total deposits
  • $372,053Interest-bearing deposits
  • $320,301Deposits held in domestic offices
  • 372053.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $42,373Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,758Total equity capital
  • $1,758Total bank equity capital
  • $41,322Perpetual preferred stock
  • $0Common stock
  • $24,000Surplus
  • $10,810Undivided profits
  • Memoranda
  • $6,512Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $968Income earned, not collected on loans
  • $742Earning assets
  • $415,797Long-term assets (5+ years)
  • $59,447Average Assets, year-to-date
  • $443,844Average Assets, quarterly
  • $444,309Volatile liabilities
  • $57,486Insider loans
  • $467FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $17,693Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $41,030Total risk weighted assets
  • $198,352Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $30,662Total interest expense
  • $13,346Net interest income
  • $17,316Provision for loan and lease losses
  • $0Total noninterest income
  • $8,296Fiduciary activities
  • $6,404Service charges on deposit accounts
  • $1,200Trading account gains & fees
  • $0Additional noninterest income
  • $692Total noninterest expense
  • $16,471Salaries and employee benefits
  • $9,226Premises and equipment expense
  • $2,245Additional noninterest expense
  • $5,000Pre-tax net operating income
  • $9,141Securities gains (losses)
  • -$4Applicable income taxes
  • $3,046Income before extraordinary items
  • $6,091Extraordinary gains - net
  • $0Net income attributable to bank
  • $6,091Net charge-offs
  • $2,505Cash dividends
  • $1,920Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.57%Cost of funding earning assets
  • 3.29%Net interest margin
  • 4.27%Noninterest income to earning assets
  • 2.05%Noninterest expense to earning assets
  • 4.07%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 2.06%Return on equity (ROE)
  • 15.42%Retained earnings to average equity (YTD only)
  • 10.56%Net charge-offs to loans
  • 1.65%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,310Assets per employee
  • 1.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.52%Loss allowance to loans
  • 2.38%Loss allowance to noncurrent loans
  • 356.30%Noncurrent assets plus other real estate owned to assets
  • 1.50%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 38.05%Net loans and leases to core deposits
  • 39.67%Equity capital to assets
  • 9.03%Core capital (leverage) ratio
  • 9.41%Tier 1 risk-based capital ratio
  • 20.69%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $443,844Average earning assets
  • $39,505Average equity
  • $405,072Average loans

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