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Bank Directory (Sara/Mana edition)
$ = thousands
AmSouth Bank
1900 5th Ave., N., Birmingham, Ala.35203
1567 Main St., Sarasota, Fla. 34236
Phone: (941) 952-0795 Fax: (941) 366-5967
Web site: www.amsouth.com
Established: Oct. 14, 1986
S-Corp: No
Lead local executive: Dana Opsincs, regional sales manager; bank directors: C. Dowd Ritter, Ronald Kuehn Jr., Claude Nielsen, James Malone, Earnest Deavenport Jr., Martha Ingram, Charles McCrary, Cleophus Thomas Jr.; chief local lending officer: Dana Opsincs
Year-to-date
Operations3/31/033/31/04
Total employees (full-time) 11,72412,486
Domestic Offices598602
Total assets 42,089,69547,407,870
Net loans & leases 27,342,46829,755,196
Total deposits 28,278,78132,036,280
Equity capital 3,663,2633,637,280
Noncurrent loans & leases 230,136161,099
Insider loans 42,59051,331
Total interest income 537,624524,636
Total interest expense 166,683158,693
Net interest income 370,941365,943
Total noninterest income 188,018212,474
Total noninterest expense 288,854320,744
Salaries & employee benefits 160,651181,421
Pre-tax net operating income 225,405229,573
Net income 160,824165,413
Performance Ratios (%)
Yield on earning assets 5.88%5.03%
Net interest margin 4.05%3.51%
Noninterest expense/assets 3.16%3.08%
Return on assets (ROA) 1.56%1.42%
Return on equity (ROE) 17.51%18.39%
Net charge-offs to loans 0.61%0.40%
Efficiency ratio 51.46%55.25%
Assets/employee ($ millions) 3.593.80
Loss allowance/loans 1.38%1.27%
Noncur. assets, OREO/assets 0.63%0.42%
Noncurrent loans/loans 0.83%0.53%
Net loans, leases/deposits 96.69%92.88%
Equity capital to assets 8.70%7.67%
Branch Banking and Trust Co.
110 S. Stratford Road, Winston-Salem, N.C. 27104
1100 S. Tamiami Trail, Sarasota, Fla. 34236
Phone: (941) 366-4030 Fax: (941) 365-4426
Web site: bbandt.com
Established: N/A
S-Corp: N/A
Lead local executive: Tom Davidson, regional banking manager; bank directors: John Allison, Jennifer Banner, Nelle Chilton, Alfred Cleveland, Ronald Deal, Tom Efird, Barry Fitzpatrick, L. Vincent Hackley, Jane Helm, J. Ernest Lathem, James Maynard, Albert McCauley, J. Holmes Morrison, Richard Player Jr., Nido Qubein, E. Rhone Sasser, Jack Shaw, Albert Zettlemoyer; chief local lending officer: Janet Miller
Year-to-date
Operations3/31/033/31/04
Total employees 17,69219,487
Domestic Offices813850
Total assets 63,996,29170,839,575
Net loans & leases 43,390,92648,035,333
Total deposits 39,104,49045,556,381
Equity capital 6,396,9487,049,378
Noncurrent loans & leases 353,094346,403
Insider loans 110,74997,855
Total interest income 818,341812,872
Total interest expense 283,197216,326
Net interest income 535,144596,546
Total noninterest income 350,111378,703
Total noninterest expense 485,318541,997
Salaries & employee benefits 264,758306,193
Pre-tax net operating income 361,282391,938
Net income 278,451268,359
Performance Ratios (%)
Yield on earning assets 5.83%5.42%
Net interest margin 3.81%3.98%
Noninterest expense/assets 3.46%3.62%
Return on assets (ROA) 1.72%1.55%
Return on equity (ROE) 17.32%15.84%
Net charge-offs to loans 0.34%0.32%
Efficiency ratio 54.14%54.30%
Assets/employee ($ millions) 3.623.64
Loss allowance/loans 1.19%1.13%
Noncur. assets, OREO/assets 0.64%0.58%
Noncurrent loans/loans 0.80%0.71%
Net loans, leases/deposits 110.96%105.44%
Equity capital to assets 10.00%9.95%
Bank of America NA
101 South Tryon St., Charlotte, N.C.28255
1605 Main St., Sarasota, Fla. 34236
Phone: (941) 952-2600 Fax: (941) 952-2853
Web site: www.bankofamerica.com
Established: Oct. 17, 1904
S-Corp: No
Lead local executive: Douglas DiVirgilio, president;
bank directors: William Barnett III, Charles Coker, John Collins, Gary Countryman, Paul Fulton, Charles Gifford, Donald Guinn, James Hance Jr., Kenneth Lewis, Walter Massey, Thomas May, C. Steven McMillan, Eugene McQuade, Patricia Mitchell, Edward Romero, Thomas Ryan, O. Temple Sloan Jr., Meredith Spangler, Jackie Ward. Chief local lending officers: small business, Weymon Snuggs; commercial: Kim Graham; consumer: Dawn Champiny
Year-to-date
Operations3/31/033/31/04
Total employees124,142127,029
Domestic Offices42984373
Total assets 574,410,000690,572,545
Net loans & leases 327,629,000350,268,428
Total deposits 415,729,000474,179,133
Equity capital 49,419,00049,652,005
Noncurrent loans & leases 5,214,0002,464,830
Insider loans 203,000121,102
Total interest income 5,962,0006,512,500
Total interest expense 1,651,0001,940,153
Net interest income 4,311,0004,572,347
Total noninterest income 3,149,0003,047,429
Total noninterest expense 4,140,0004,756,608
Salaries & employee benefits 1,957,0002,162,076
Pre-tax net operating income 2,873,0002,880,005
Net income 2,063,0002,243,358
Performance Ratios (%)
Yield on earning assets 5.21%4.89%
Net interest margin 3.77%3.44%
Noninterest expense/assets 3.62%3.57%
Return on assets (ROA) 1.45%1.37%
Return on equity (ROE) 16.40%18.17%
Net charge-offs to loans 0.60%0.30%
Efficiency ratio 54.33%61.81%
Assets/employee ($ millions) 4.635.44
Loss allowance/loans 1.71%1.23%
Noncur. assets, OREO/assets 0.96%0.42%
Noncurrent loans/loans 1.56%0.70%
Net loans, leases/deposits 78.81%73.87%
Equity capital to assets 8.60%7.19%
The Bank of Commerce
783 South Orange Ave., Sarasota, Fla.34236
Phone: (941) 373-0522 Fax: (941) 373-0722
Web site: www.bankofcommercefl.com
Established: Sept. 1, 2000
S-Corp: No
Lead local executive: Charles Murphy, president and CEO; bank directors: Charles Murphy, James Bin, John Cannon, John Cox, James Keller, Donald Lawson, Cathy Layton, Dr. P. Natarajan; chief local lending officer: Jerry Scott, executive VP/senior loan officer
Year-to-date
Operations3/31/033/31/04
Total employees2328
Domestic Offices11
Total assets 117,267169,629
Net loans & leases 96,247130,794
Total deposits 104,411149,977
Equity capital 12,33713,198
Noncurrent loans & leases 00
Insider loans 6,3168,984
Total interest income 1,6062,097
Total interest expense 609694
Net interest income 9971,403
Total noninterest income 8339
Total noninterest expense 736890
Salaries & employee benefits 414532
Pre-tax net operating income 139477
Net income 84292
Performance Ratios (%)
Yield on earning assets 6.15%5.48%
Net interest margin 3.82%3.66%
Noninterest expense/assets 2.82%2.32%
Return on assets (ROA) 0.31%0.74%
Return on equity (ROE) 2.73%8.98%
Net charge-offs to loans 00.04%
Efficiency ratio 68.15%61.72%
Assets/employee ($ millions) 5.106.06
Loss allowance/loans 1.16%1.19%
Noncur. assets, OREO/assets 00
Noncurrent loans/loans 00
Net loans, leases/deposits 92.18%87.21%
Equity capital to assets 10.52%7.78%
The Bank of Venice
240 Nokomis Ave. S.
Venice, Fla.34285
Phone: (941) 485-3699Fax: (941) 485-5399
Web site: www.bankofvenice.com
Established: Jan. 13, 2003
S-Corp: Yes
Lead local executive: David Voigt, president
bank directors: James Brandt, Joseph Dalton, M.M. Dalton, Robert DeBoer, Esq., Charles Johnson, Steven MaCris, Esq., Richard Morrison M.D., W. Paul Moseley, Wayne Roberts, Edwin Taylor, David Voigt.
chief local lending officer: Mack Wilcox
Year-to-date
Operations3/31/033/31/04
Total employees1010
Domestic Offices22
Total assets 13,75328,378
Net loans & leases 6,74219,609
Total deposits 7,37122,483
Equity capital 6,3665,854
Noncurrent loans & leases 00
Insider loans 1742,108
Total interest income 57258
Total interest expense 1152
Net interest income 46206
Total noninterest income 913
Total noninterest expense 411287
Salaries & employee benefits 159168
Pre-tax net operating income -400-94
Net income -400-94
Performance Ratios (%)
Yield on earning assets 2.01%4.80%
Net interest margin 1.62%3.84%
Noninterest expense/assets 14.51%5.34%
Return on assets (ROA) -11.63%-1.43%
Return on equity (ROE) -25.13%-6.39%
Net charge-offs to loans 00
Assets/employee ($ millions) 1.382.84
Loss allowance/loans 0.65%0.98%
Noncur. assets, OREO/assets 00
Noncurrent loans/loans 00
Net loans, leases/deposits 91.47%87.22%
Equity capital to assets 46.29%20.63%
Century Bank
1680 Fruitville Road, Sarasota, Fla.34236
Phone: (941) 366-1050Fax: (941) 954-8478
Established Jan. 23, 1985
Web site: www.centurybankfl.com
Established: Jan. 23, 1985
S-Corp: No
Lead local executive: John O'Neill, president; bank directors: Charles Miersch (Chairman), Barry Florescue, Stanley Kreitman, James Nickerson, Jr. and John O'Neill
chief local lending officer: Charles J. O'Mara
Year-to-date
Operations3/31/033/31/04
Total employees 98103
Domestic Offices77
Total assets 348,171431,124
Net loans & leases 299,976372,561
Total deposits 275,573312,353
Equity capital 22,99827,431
Noncurrent loans & leases 5,2233,907
Insider loans 100350
Total interest income 5,2005,952
Total interest expense 2,5312,603
Net interest income 2,6693,349
Total noninterest income 449795
Total noninterest expense 1,8652,295
Salaries & employee benefits 1,0131,223
Pre-tax net operating income 1,1331,709
Net income 9171,245
Performance Ratios (%)
Yield on earning assets 6.37%5.97%
Net interest margin 3.27%3.36%
Noninterest expense/assets 2.28%2.30%
Return on assets (ROA) 1.06%1.18%
Return on equity (ROE) 16.24%18.62%
Net charge-offs to loans 0.15%0.03%
Efficiency ratio 59.81%55.38%
Assets/employee ($ millions) 3.554.19
Loss allowance/loans 0.97%0.78%
Noncur. assets, OREO/assets 1.64%1.07%
Noncurrent loans/loans 1.72%1.04%
Net loans, leases/deposits 108.86%119.28%
Equity capital to assets 6.61%6.36%
Coast Bank of Florida
1301 6th Ave. W., Bradenton, Fla.34205
Phone: (941) 752-5900 Fax: (941) 345-1048
Web site: www.coastbankflorida.com
Established: April 7, 2000
S-Corp: No
Lead local executive: Brian Peters, CEO
bank directors: James Toomey, Michael Ruffino, Joseph Gigliotti, Kennedy Legler III, Paul Nobbs, Thomas O'Brien, Brian Peters, John Reinemeyer.
chief local lending officer: Consumer lending: James Dugger, Commercial: Tyrone Shinn, residential: Philip Coon
Year-to-date
Operations3/31/033/31/04
Total employees100109
Domestic Offices46
Total assets 201,545303,608
Net loans & leases 143,975235,347
Total deposits 166,116253,696
Equity capital 16,42028,251
Noncurrent loans & leases 2721,850
Insider loans 5,4844,497
Total interest income 2,6783,855
Total interest expense 1,3661,556
Net interest income 1,3122,299
Total noninterest income 923587
Total noninterest expense 1,8752,428
Salaries & employee benefits 1,1371,289
Pre-tax net operating income 179129
Net income 13480
Performance Ratios (%)
Yield on earning assets 6.22%5.87%
Net interest margin 3.05%3.50%
Noninterest expense/assets 4.35%3.70%
Return on assets (ROA) 0.28%0.11%
Return on equity (ROE) 3.28%1.33%
Net charge-offs to loans 0.09%0.49%
Efficiency ratio 83.89%84.13%
Assets/employee ($ millions) 2.022.79
Loss allowance/loans 1.03%1.35%
Noncur. assets, OREO/assets 0.30%0.61%
Noncurrent loans/loans 0.19%0.78%
Net loans, leases/deposits 86.67%92.77%
Equity capital to assets 8.15%9.31%
Colonial Bank NA
One Commerce St., Montgomery, Ala.36101
2 N. Tamiami Trail, Suite 100
Phone: (941) 955-2626 Fax: (941) 365-0483
Web site: www.colonialbank.com
Established: Jan. 2, 1917
S-Corp: No
Lead local executive: Linda Fafenelli, branch manager; bank directors: Robert Lowder, Lewis Beville, William Britton, Jerry Chesser, Augustus Clements III, Robert Craft, Patrick Dye, Hubert Harris Jr., Clinton Holdbrooks, Harold King, John Mathison D.M., Milton McGregor, John Miller Jr., Joe Mussafer, William Powell III Ph.D., James Rane, Frances Roper, Simuel Sippial Jr., Edward Welch; chief local lending officer: Paul Thatcher
Year-to-date
Operations3/31/033/31/04
Total employees4,0533,773
Domestic Offices283282
Total assets 16,455,61215,724,725
Net loans & leases 12,058,20811,636,631
Total deposits 10,145,7509,445,631
Equity capital 1,416,5051,211,718
Noncurrent loans & leases 70,30164,616
Insider loans 47,42241,538
Total interest income 193,829194,585
Total interest expense 58,27971,644
Net interest income 135,550122,941
Total noninterest income 27,69127,297
Total noninterest expense 101,13187,420
Salaries & employee benefits 50,23546,977
Pre-tax net operating income 54,17654,758
Net income 40,54737,308
Performance Ratios (%)
Yield on earning assets 5.21%5.40%
Net interest margin 3.64%3.41%
Noninterest expense/assets 2.72%2.42%
Return on assets (ROA) 0.99%0.95%
Return on equity (ROE) 11.66%12.37%
Net charge-offs to loans 0.20%0.19%
Efficiency ratio 61.26%57.47%
Assets/employee ($ millions) 4.064.17
Loss allowance/loans 1.15%1.17%
Loss allowance to noncurrent loans 199.82%213.08%
Noncur. assets, OREO/assets 0.54%0.54%
Noncurrent loans/loans 0.58%0.55%
Net loans, leases/deposits 118.85%123.20%
Equity capital to assets 8.61%7.71%
Comerica Bank
One Detroit Center, Detroit, Mich.48226
1830 S. Osprey Ave., Sarasota, Fla. 34239
Phone: (941) 951-2119 Fax: (941) 954-3357
Web site: www.comerica.com
Established: March 5, 1849
S-Corp: No
Lead local executive: Randy Nobles, Florida regional president
bank directors: Ralph Babb Jr., Lillian Bauder Ph. D., Joesph Buttigieg III, James Cordes, Peter Cummings, J. Philip DiNapoli, Anthony Earley Jr., Max Fisher, Roger Fridholm, Todd Herrick, David Lewis, Alfred Piergallini, Robert Taubman, William Vititoe, Patricia Wallington, Gail Warden, Kenneth Way.
chief local lending officer: Andy Reeves
Year-to-date
Operations3/31/033/31/04
Total employees7,81710,752
Domestic Offices258356
Total assets 41,688,48954,475,476
Net loans & leases 30,185,31239,396,535
Total deposits 23,064,73743,978,577
Equity capital 3,720,7715,611,159
Noncurrent loans & leases 421,283523,667
Insider loans 605,905540,120
Total interest income 450,058538,953
Total interest expense 103,80588,495
Net interest income 346,253450,458
Total noninterest income 284,419227,350
Total noninterest expense 334,082368,270
Salaries & employee benefits 213,751220,040
Pre-tax net operating income 256,574244,538
Net income 185,616172,647
Performance Ratios (%)
Yield on earning assets 4.96%4.42%
Net interest margin 3.81%3.70%
Noninterest expense/assets 3.68%3.02%
Return on assets (ROA) 1.83%1.29%
Return on equity (ROE) 20.26%12.35%
Net charge-offs to loans 0.79%0.70%
Efficiency ratio 52.97%54.27%
Assets/employee ($ millions) 5.335.07
Loss allowance/loans 1.57%1.98%
Noncur. assets, OREO/assets 1.03%1.02%
Noncurrent loans/loans 1.37%1.30%
Net loans, leases/deposits 130.87%89.58%
Equity capital to assets 8.93%10.30%
Community Bank of Manatee
6000 State Road 70 E., Bradenton, Fla.34203
Phone: (941) 756-0099Fax: (941) 756-0013
Web site: N/A
Established: Nov. 17, 1995
S-Corp: No
Lead local executive: William Sedgeman Jr., president; bank directors: Denise L. Baker, M.D., Charles M. Brown, Brian D. Burghardt, Phillip L. Burghardt, Thomas S. Downs, Thomas A. Howze, Duane L. Moore, Kenneth L. Schermer, M.D., William H. Sedgeman, Jr. (chairman),Thomas R. Sprenger, M.D.; chief local lending officer: Marvin R. DeBerry - senior vice president of Lending and Loan Administration
Year-to-date
Operations3/31/033/31/04
Total employees2931
Domestic Offices44
Total assets 118,844139,755
Net loans & leases 96,708103,747
Total deposits 104,095121,804
Equity capital 7,80710,112
Noncurrent loans & leases 82656
Insider loans 1,758754
Total interest income 1,6491,799
Total interest expense 735749
Net interest income 9141,050
Total noninterest income 151362
Total noninterest expense 768862
Salaries & employee benefits 410463
Pre-tax net operating income 222340
Net income 136208
Performance Ratios (%)
Yield on earning assets 6.23%5.69%
Net interest margin 3.45%3.32%
Noninterest expense/assets 2.90%2.72%
Return on assets (ROA) 0.47%0.60%
Return on equity (ROE) 7.03%8.39%
Net charge-offs to loans 0.09%0.24%
Efficiency ratio 72.11%61.05%
Assets/employee ($ millions) 4.104.51
Loss allowance/loans 1.02%1.55%
Noncur. assets, OREO/assets 0.07%0.47%
Noncurrent loans/loans 0.08%0.62%
Net loans, leases/deposits 92.90%85.18%
Equity capital to assets 6.57%7.24%
Community National Bank
of Sarasota County
201 Center Road, Venice, Fla.34292
Phone: (941) 497-6660 Fax: (941) 497-5022
Web site: www.cnbsara.com
Established: Feb. 16, 1988
S-Corp: Yes
Lead local executive: Roger Baldinger, president; bank directors: William McKelvey, Jeanne McKelvey, Joseph Kondisko, Allana Kondisko, Roger Baldinger; chief local lending officer: Roger Baldinger
Year-to-date
Operations3/31/033/31/04
Total employees3133
Domestic Offices44
Total assets 84,37399,092
Net loans & leases 67,63879,063
Total deposits 77,09190,771
Equity capital 6,2827,353
Noncurrent loans & leases 180195
Insider loans 985807
Total interest income 1,2341,332
Total interest expense 266222
Net interest income 9681,110
Total noninterest income 124131
Total noninterest expense 676707
Salaries & employee benefits 356375
Pre-tax net operating income 394495
Net income 394495
Performance Ratios (%)
Yield on earning assets 6.69%6.54%
Net interest margin 5.25%5.45%
Noninterest expense/assets 3.66%3.47%
Return on assets (ROA) 1.91%2.07%
Return on equity (ROE) 25.45%27.16%
Net charge-offs to loans -0.01%0.05%
Efficiency ratio 61.90%56.97%
Assets/employee ($ millions) 2.723.00
Loss allowance/loans 0.89%0.95%
Noncur. assets, OREO/assets 0.21%0.20%
Noncurrent loans/loans 0.26%0.24%
Net loans, leases/deposits 87.74%87.10%
Equity capital to assets 7.45%7.42%
Englewood Bank
1111 South McCall Road, Englewood, Fla.34223
Phone: (941) 475-6771 Fax: (941) 474-3384
Web site: www.englewoodbank.com
Established: April 4, 1988
S-Corp: Yes
Lead local executive; bank directors; chief local lending officer: NA
Year-to-date
Operations3/31/033/31/04
Total employees6671
Domestic Offices66
Total assets 183,384151,852
Net loans & leases 75,63986,820
Total deposits 156,279137,691
Noncurrent loans & leases 40128
Insider loans 0375
Total interest income 1,3641,691
Total interest expense 250390
Net interest income 1,1141,301
Total noninterest income 98108
Total noninterest expense 9931,076
Salaries & employee benefits 548556
Pre-tax net operating income 219321
Net income 219321
Performance Ratios (%)
Yield on earning assets 3.68%5.03%
Cost of funding earning assets 0.67%1.16%
Net interest margin 3.00%3.87%
Noninterest expense/assets 2.68%3.20%
Return on assets (ROA) 0.52%0.88%
Return on equity (ROE) 4.88%11.41%
Net charge-offs to loans -0.02%0.01%
Efficiency ratio 79.13%76.37%
Assets/employee ($ millions) 2.782.14
Loss allowance/loans 1.52%1.31%
Noncur. assets, OREO/assets 0.02%0.08%
Noncurrent loans/loans 0.05%0.15%
Net loans, leases/deposits 48.40%63.05%
Equity capital to assets 13.19%7.46%
1st National Bank & Trust
5817 Manatee Ave. W., Bradenton, Fla.34209
Phone: (941) 794-6969 Fax: (941) 795-4772
Web site: www.firstnbt.com
Established: July 18, 1986
S-Corp: No
Lead local executive: Francis I "Rip" duPont, CEO
bank directors: Robert Blalock, Sarah Pappas, Iriving Zamikoff, Glen Fausset, Francis I "Rip" duPont, Daniel Zoller, Rosemary Carlson, Raymond Weigel III, Beverly Beall, Allen Butler.
chief local lending officer: Tom Moseley
Year-to-date
Operations3/31/033/31/04
Total employees7384
Domestic Offices67
Total assets 225,385298,159
Net loans & leases 158,008212,928
Total deposits 182,608253,103
Equity capital 20,45824,127
Noncurrent loans & leases 611,311
Insider loans 2,4102,729
Total interest income 3,1013,678
Total interest expense 790978
Net interest income 2,3112,700
Total noninterest income 447541
Total noninterest expense 1,7952,069
Salaries & employee benefits 1,0921,302
Pre-tax net operating income 9171,042
Net income 634675
Performance Ratios (%)
Yield on earning assets 6.04%5.50%
Net interest margin 4.50%4.04%
Noninterest expense/assets 3.50%3.09%
Return on assets (ROA) 1.13%0.94%
Return on equity (ROE) 12.57%11.80%
Net charge-offs to loans 0.05%-0.00%
Efficiency ratio 65.08%63.84%
Assets/employee ($ millions) 3.093.55
Loss allowance/loans 1.08%1.02%
Noncur. assets, OREO/assets 0.03%0.44%
Noncurrent loans/loans 0.04%0.61%
Net loans, leases/deposits 86.53%84.13%
Equity capital to assets 9.08%8.09%
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