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| Whitney National Bank of Florida |
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| General | FDIC Certificate #: 34297
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Whitney National Bank (#18538)
Federal Reserve ID: 2489159
Date Established: 1996-10-26
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 57056
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: 1996-10-26
Last Structure Change Effective Date: 1998-01-01
Last Structure Change Process Date: 1998-01-22
Last Data Update: 1998-10-19
Data Source Date: 2009-05-14 |
| Location | Address: 101 West Garden Street, Pensacola, FL 32501
County: Escambia
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Dallas
FDIC Field Office: Pensacola
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Pensacola, FL (#6080)
Core Based Statistical Area (CBSA): Pensacola-Ferry Pass-Brent, FL (#37860)
CBSA Metro Statistical Area: Pensacola-Ferry Pass-Brent, FL (#37860) |
| Financial Summary | Total assets: $110.1 mil |
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands) |
| Total employees (full-time equivalent) | 47 |
| Total assets | $110,118 |
| Cash and due from depository institutions | $5,448 |
| Interest-bearing balances | $201 |
| Securities | $21,854 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $75,333 |
| Loan loss allowance | $1,128 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,148 |
| Other real estate owned | $281 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,054 |
| Life insurance assets | $0 |
| Total liabilities and capital | $110,118 |
| Total liabilities | $83,430 |
| Total deposits | $76,276 |
| Interest-bearing deposits | $60,555 |
| Deposits held in domestic offices | $76,276 |
| % insured (estimated) | 86.39% |
| Federal funds purchased & repurchase agreements | $6,500 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $654 |
| Total equity capital | $26,688 |
| Total bank equity capital | $26,688 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $22,952 |
| Undivided profits | $3,536 |
| Memoranda |
| Noncurrent loans and leases | $500 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $488 |
| Earning assets | $97,388 |
| Long-term assets (5+ years) | $25,363 |
| Average Assets, year-to-date | $112,398 |
| Average Assets, quarterly | $109,824 |
| Volatile liabilities | $18,920 |
| Insider loans | $5 |
| FHLB advances | $0 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $11,165 |
| Tier 1 (core) risk-based capital | $26,701 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $84,569 |
| Total unused commitments | $11,165 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
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Income and Expense (December 31, 1997)
(Dollar figures in thousands) |
| Total interest income | $8,663 |
| Total interest expense | $3,162 |
| Net interest income | $5,501 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $733 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $577 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $156 |
| Total noninterest expense | $4,077 |
| Salaries and employee benefits | $1,823 |
| Premises and equipment expense | $633 |
| Additional noninterest expense | $1,621 |
| Pre-tax net operating income | $2,157 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $796 |
| Income before extraordinary items | $1,361 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,361 |
| Net charge-offs | $127 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,361 |
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands) |
| Performance Ratios (%, annualized) |
| Yield on earning assets | 8.76% |
| Cost of funding earning assets | 3.20% |
| Net interest margin | 5.56% |
| Noninterest income to earning assets | 0.74% |
| Noninterest expense to earning assets | 4.12% |
| Net operating income to assets | 1.21% |
| Return on assets (ROA) | 1.21% |
| Pretax return on assets | 1.92% |
| Return on equity (ROE) | 5.28% |
| Retained earnings to average equity (YTD only) | 5.28% |
| Net charge-offs to loans | 0.18% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 65.40% |
| Assets per employee | $2,343 |
| Cash dividends to net income (YTD only) | 0.00% |
| Condition Ratios (%) |
| Loss allowance to loans | 1.48% |
| Loss allowance to noncurrent loans | 225.60% |
| Noncurrent assets plus other real estate owned to assets | 0.71% |
| Noncurrent loans to loans | 0.65% |
| Net loans and leases to deposits | 98.76% |
| Net loans and leases to core deposits | 117.97% |
| Equity capital to assets | 24.24% |
| Core capital (leverage) ratio | 24.69% |
| Tier 1 risk-based capital ratio | 31.57% |
| Total risk-based capital ratio | 32.82% |
| Memoranda |
| Average assets | $112,398 |
| Average earning assets | $98,887 |
| Average equity | $68,967 |
| Average loans | $25,793 |
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