FDIC Certificate #: 57724 Status: Inactive Closing history: Corrections Acquiring institution:TD Bank, National Association (#18409) Federal Reserve ID: 3307371 Date Established: November 30, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 423096 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 30, 2004 Last Structure Change Effective Date: April 16, 2010 Last Structure Change Process Date: April 20, 2010 Last Data Update: April 20, 2010 Data Source Date: April 05, 2012
Location
Address: 183 North Highway 27, Clermont, FL 34711 County: Lake 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): Orlando, FL (#5960) Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422) Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740) CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $104.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
20Total employees (full-time equivalent)
$90,497Total assets
$8,937Cash and due from depository institutions
$6,088Interest-bearing balances
$4,030Securities
$2,950Federal funds sold & reverse repurchase agreements
$64,885Net loans & leases
$5,902Loan loss allowance
$0Trading account assets
$3,603Bank premises and fixed assets
$5,091Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,001All other assets
$90,497Total liabilities and capital
$90,124Total liabilities
$81,887Total deposits
$77,899Interest-bearing deposits
$81,887Deposits held in domestic offices
95.95%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,000Other borrowed funds
$0Subordinated debt
$237All other liabilities
$373Total equity capital
$373Total bank equity capital
$373Perpetual preferred stock
$0Common stock
$6,000Surplus
$6,233Undivided profits
Memoranda
$-11,860Noncurrent loans and leases
$5,151Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12,014Earning assets
$0Long-term assets (5+ years)
$322Average Assets, year-to-date
$77,953Average Assets, quarterly
$5,667Volatile liabilities
$96,819Insider loans
$99,928FHLB advances
$6,280Loans and leases held for sale
$4,723Unused loan commitments
$8,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,151Total unused commitments
$0Restructured Loans and leases
$343Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$4,001Total interest income
$2,376Total interest expense
$1,625Net interest income
$5,725Provision for loan and lease losses
$81Total noninterest income
$0Fiduciary activities
$62Service charges on deposit accounts
$0Trading account gains & fees
$19Additional noninterest income
$3,281Total noninterest expense
$1,522Salaries and employee benefits
$768Premises and equipment expense
$991Additional noninterest expense
-$7,300Pre-tax net operating income
$101Securities gains (losses)
$1,780Applicable income taxes
-$8,979Income before extraordinary items
$0Extraordinary gains - net
-$8,979Net income attributable to bank
$0Net charge-offs
-$8,979Cash dividends
$1,049Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.64%Yield on earning assets
2.75%Cost of funding earning assets
1.88%Net interest margin
0.09%Noninterest income to earning assets
3.80%Noninterest expense to earning assets
-9.38%Net operating income to assets
-9.27%Return on assets (ROA)
-7.44%Pretax return on assets
-126.88%Return on equity (ROE)
-126.88%Retained earnings to average equity (YTD only)
1.45%Net charge-offs to loans
545.76%Credit loss provision to net charge-offs
-1.50%Efficiency ratio
192,321Assets per employee
4.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
8.34%Loss allowance to noncurrent loans
49.13%Noncurrent assets plus other real estate owned to assets
18.90%Noncurrent loans to loans
16.97%Net loans and leases to deposits
79.24%Net loans and leases to core deposits
85.82%Equity capital to assets
0.41%Core capital (leverage) ratio
0.32%Tier 1 risk-based capital ratio
0.46%Total risk-based capital ratio
Memoranda
$1Average assets
$96,819Average earning assets
$7,077Average equity
$86,280Average loans
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