FDIC Certificate #: 21919 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Bank and Trust (#5673) Federal Reserve ID: 873334 Date Established: January 31, 1975 WWW:http://www.abt-bank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 14488 FDIC's unique #: 15188 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 31, 1975 Last Structure Change Effective Date: June 01, 2004 Last Structure Change Process Date: June 22, 2004 Last Data Update: June 22, 2004 Data Source Date: April 05, 2012
Location
Address: 222 Highway 60 East, Lake Wales, FL 33853 County: Polk 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): Lakeland-Winter Haven, FL (#3980) Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460) CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
Financial Summary
Total assets: $125.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2003)
Dollar figures in thousands
59Total employees (full-time equivalent)
$125,216Total assets
$6,923Cash and due from depository institutions
$1,051Interest-bearing balances
$28,141Securities
$2,905Federal funds sold & reverse repurchase agreements
$78,574Net loans & leases
$747Loan loss allowance
$0Trading account assets
$4,782Bank premises and fixed assets
$13Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,878All other assets
$125,216Total liabilities and capital
$114,968Total liabilities
$105,735Total deposits
$90,074Interest-bearing deposits
$105,735Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,600Other borrowed funds
$0Subordinated debt
$633All other liabilities
$10,248Total equity capital
$10,248Total bank equity capital
$10,248Perpetual preferred stock
$0Common stock
$1,081Surplus
$6,319Undivided profits
Memoranda
$2,848Noncurrent loans and leases
$12,719Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$149Earning assets
$0Long-term assets (5+ years)
$512Average Assets, year-to-date
$110,671Average Assets, quarterly
$17,845Volatile liabilities
$117,330Insider loans
$120,957FHLB advances
$9,729Loans and leases held for sale
$3,921Unused loan commitments
$8,600Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,719Total unused commitments
$0Restructured Loans and leases
$747Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$5,498Total interest income
$1,821Total interest expense
$3,677Net interest income
$173Provision for loan and lease losses
$1,588Total noninterest income
$505Fiduciary activities
$760Service charges on deposit accounts
$0Trading account gains & fees
$323Additional noninterest income
$4,578Total noninterest expense
$2,431Salaries and employee benefits
$764Premises and equipment expense
$1,383Additional noninterest expense
$514Pre-tax net operating income
$80Securities gains (losses)
$60Applicable income taxes
$534Income before extraordinary items
$0Extraordinary gains - net
$534Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$84Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.22%Yield on earning assets
1.73%Cost of funding earning assets
3.49%Net interest margin
1.51%Noninterest income to earning assets
4.35%Noninterest expense to earning assets
0.39%Net operating income to assets
0.46%Return on assets (ROA)
0.51%Pretax return on assets
5.31%Return on equity (ROE)
5.31%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
205.95%Credit loss provision to net charge-offs
8.18%Efficiency ratio
86,952Assets per employee
2.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
501.34%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.19%Net loans and leases to deposits
74.31%Net loans and leases to core deposits
81.84%Equity capital to assets
8.18%Core capital (leverage) ratio
8.32%Tier 1 risk-based capital ratio
12.79%Total risk-based capital ratio
Memoranda
$14Average assets
$117,330Average earning assets
$10,065Average equity
$105,285Average loans
Total Fiduciary and Related Assets (December 31, 2003)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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