The Hillsboro Sun Bank in Plant City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 06, 1993

The Hillsboro Sun Bank in Plant City, Florida (FL)
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The Hillsboro Sun Bank - Overview

General
FDIC Certificate #: 9624
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SunTrust Bank, Tampa Bay (#132)
Federal Reserve ID: 25236
Date Established: October 01, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 6151
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: January 01, 1934
Last Structure Change Effective Date: August 06, 1993
Last Structure Change Process Date: August 26, 1993
Last Data Update: August 26, 1993
Data Source Date: April 05, 2012
Location
Address: 202 West Reynolds Street, Plant City, FL 33566
County: Hillsborough
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: $186.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$88Total assets
$181,191Cash and due from depository institutions
$6,549Interest-bearing balances
$0Securities
$48,639Federal funds sold & reverse repurchase agreements
$2,700Net loans & leases
$115,714Loan loss allowance
$2,641Trading account assets
$0Bank premises and fixed assets
$2,128Other real estate owned
$1,974Goodwill and other intangibles
$3,487Life insurance assets
$0All other assets
$0Total liabilities and capital
$181,191Total liabilities
$165,947Total deposits
$160,003Interest-bearing deposits
$124,871Deposits held in domestic offices
160003.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$4,465Trading liabilities
$0Other borrowed funds
$441Subordinated debt
$0All other liabilities
$1,038Total equity capital
$1,038Total bank equity capital
$15,244Perpetual preferred stock
$0Common stock
$2,000Surplus
$4,611Undivided profits
Memoranda
$8,633Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,833Income earned, not collected on loans
$809Earning assets
$167,053Long-term assets (5+ years)
$11,373Average Assets, year-to-date
$188,031Average Assets, quarterly
$181,873Volatile liabilities
$17,475Insider loans
$75FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$10,831Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$15,244Total risk weighted assets
$114,018Total unused commitments
$0Restructured Loans and leases
$900Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$14,761Total interest expense
$5,324Net interest income
$9,437Provision for loan and lease losses
$1,096Total noninterest income
$1,701Fiduciary activities
$25Service charges on deposit accounts
$1,128Trading account gains & fees
$0Additional noninterest income
$548Total noninterest expense
$6,138Salaries and employee benefits
$2,481Premises and equipment expense
$533Additional noninterest expense
$3,124Pre-tax net operating income
$3,904Securities gains (losses)
$0Applicable income taxes
$1,201Income before extraordinary items
$2,703Extraordinary gains - net
$0Net income attributable to bank
$2,703Net charge-offs
$523Cash dividends
$2,100Sale, 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
8.50%Cost of funding earning assets
3.07%Net interest margin
5.43%Noninterest income to earning assets
0.98%Noninterest expense to earning assets
3.53%Net operating income to assets
1.44%Return on assets (ROA)
1.44%Pretax return on assets
2.08%Return on equity (ROE)
18.11%Retained earnings to average equity (YTD only)
4.04%Net charge-offs to loans
0.43%Credit loss provision to net charge-offs
209.56%Efficiency ratio
55,109Assets per employee
2.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.69%Loss allowance to loans
2.23%Loss allowance to noncurrent loans
144.08%Noncurrent assets plus other real estate owned to assets
2.10%Noncurrent loans to loans
1.55%Net loans and leases to deposits
72.32%Net loans and leases to core deposits
78.49%Equity capital to assets
8.41%Core capital (leverage) ratio
8.39%Tier 1 risk-based capital ratio
13.37%Total risk-based capital ratio
Memoranda
$15Average assets
$188,031Average earning assets
$14,926Average equity
$173,703Average loans

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