FDIC Certificate #: 21269 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 395630 Date Established: October 16, 1973 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 9412 FDIC's unique #: 14713 Numeric code: 13 Regulator: FED 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: October 16, 1973 Last Structure Change Effective Date: October 13, 2000 Last Structure Change Process Date: November 15, 2000 Last Data Update: November 15, 2000 Data Source Date: April 05, 2012
Location
Address: 1400 Ocean Shore Boulevard, Volusia County, FL 32174 County: Volusia Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Gainesville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Daytona Beach, FL (#2020) Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422) Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660) CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660)
Financial Summary
Total assets: $105.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
47Total employees (full-time equivalent)
$104,139Total assets
$5,729Cash and due from depository institutions
$83Interest-bearing balances
$42,578Securities
$1,450Federal funds sold & reverse repurchase agreements
$49,235Net loans & leases
$413Loan loss allowance
$0Trading account assets
$1,769Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,378All other assets
$104,139Total liabilities and capital
$97,328Total liabilities
$94,960Total deposits
$85,625Interest-bearing deposits
$94,960Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,368All other liabilities
$6,811Total equity capital
$6,811Total bank equity capital
$6,811Perpetual preferred stock
$0Common stock
$550Surplus
$1,445Undivided profits
Memoranda
$4,816Noncurrent loans and leases
$3,365Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1Earning assets
$0Long-term assets (5+ years)
$218Average Assets, year-to-date
$93,346Average Assets, quarterly
$7,521Volatile liabilities
$106,062Insider loans
$104,873FHLB advances
$7,755Loans and leases held for sale
$2,894Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,365Total unused commitments
$0Restructured Loans and leases
$413Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$6,787Total interest income
$3,145Total interest expense
$3,642Net interest income
$36Provision for loan and lease losses
$652Total noninterest income
$0Fiduciary activities
$320Service charges on deposit accounts
$0Trading account gains & fees
$332Additional noninterest income
$3,626Total noninterest expense
$2,018Salaries and employee benefits
$607Premises and equipment expense
$1,001Additional noninterest expense
$632Pre-tax net operating income
$15Securities gains (losses)
$246Applicable income taxes
$401Income before extraordinary items
$0Extraordinary gains - net
$401Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$27Sale, conversion, retirement of capital stock, net
$308Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.96%Yield on earning assets
3.22%Cost of funding earning assets
3.73%Net interest margin
0.67%Noninterest income to earning assets
3.72%Noninterest expense to earning assets
0.37%Net operating income to assets
0.38%Return on assets (ROA)
0.61%Pretax return on assets
5.80%Return on equity (ROE)
1.34%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
133.33%Credit loss provision to net charge-offs
24.74%Efficiency ratio
84,443Assets per employee
2.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
76.81%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
41300.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
51.85%Net loans and leases to core deposits
56.46%Equity capital to assets
6.54%Core capital (leverage) ratio
6.67%Tier 1 risk-based capital ratio
14.35%Total risk-based capital ratio
Memoranda
$15Average assets
$106,062Average earning assets
$6,918Average equity
$97,568Average loans
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