FDIC Certificate #: 15169 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Trustmark National Bank (#4988) Federal Reserve ID: 509138 Date Established: May 29, 1935 WWW:http://www.baybankandtrust.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Domestic: 6, Interstate: No) OTS Docket #: 14777 FDIC's unique #: 9535 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: May 29, 1935 Last Structure Change Effective Date: March 17, 2012 Last Structure Change Process Date: March 26, 2012 Last Data Update: March 26, 2012 Data Source Date: April 05, 2012
Location
Address: 509 Harrison Avenue, Panama City, FL 32401 County: Bay Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Panama City, FL (#6015) Core Based Statistical Area (CBSA): Panama City-Lynn Haven-Panama City Beach, FL (#37460) CBSA Metro Statistical Area: Panama City-Lynn Haven-Panama City Beach, FL (#37460)
Financial Summary
Total assets: $232.5 mil Equity capital: $25.6 mil Deposits held in domestic offices: $206.6 mil Return on assets (ROA): -1.54% (-$3.6 mil) Quarterly return on assets: -0.33% (-$0.8 mil) Return on Equity (ROE): -13.86% (-$3.6 mil) Quarterly return on equity: -3.07% (-$0.8 mil) Net income: -$3.7 mil Quarterly Net income: -$0.2 mil Pretax return on assets: -1.54% (-$3,580.8 mil) Quarterly Pretax return on assets: -0.33% (-$767.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
81Total employees (full-time equivalent)
$232,517Total assets
$80,370Cash and due from depository institutions
$73,728Interest-bearing balances
$26,824Securities
$0Federal funds sold & reverse repurchase agreements
$114,661Net loans & leases
$2,244Loan loss allowance
$0Trading account assets
$5,333Bank premises and fixed assets
$3,181Other real estate owned
$0Goodwill and other intangibles
$232,517Life insurance assets
$2,148All other assets
$206,907Total liabilities and capital
$206,556Total liabilities
$148,651Total deposits
$206,556Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$351Subordinated debt
$25,610All other liabilities
$25,610Total equity capital
$25,610Total bank equity capital
$0Perpetual preferred stock
$3,913Common stock
$10,822Surplus
$10,875Undivided profits
Memoranda
$0Noncurrent loans and leases
$1,417Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,754Income earned, not collected on loans
$0Earning assets
$517Long-term assets (5+ years)
$215,213Average Assets, year-to-date
$25,645Average Assets, quarterly
$241,549Volatile liabilities
$239,763Insider loans
$121,279FHLB advances
$237,530Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$25,427Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$12,273Restructured Loans and leases
$658Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$8,147Total interest income
$773Total interest expense
$7,374Net interest income
$3,650Provision for loan and lease losses
$1,777Total noninterest income
$417Fiduciary activities
$548Service charges on deposit accounts
$0Trading account gains & fees
$812Additional noninterest income
$9,000Total noninterest expense
$4,175Salaries and employee benefits
$1,082Premises and equipment expense
$3,743Additional noninterest expense
-$3,499Pre-tax net operating income
-$211Securities gains (losses)
$0Applicable income taxes
-$3,710Income before extraordinary items
$0Extraordinary gains - net
-$3,710Net income attributable to bank
$0Net charge-offs
-$3,710Cash dividends
$3,729Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.66%Yield on earning assets
0.35%Cost of funding earning assets
3.31%Net interest margin
0.80%Noninterest income to earning assets
4.05%Noninterest expense to earning assets
-1.45%Net operating income to assets
-1.54%Return on assets (ROA)
-1.54%Pretax return on assets
-13.86%Return on equity (ROE)
-13.86%Retained earnings to average equity (YTD only)
3.04%Net charge-offs to loans
97.88%Credit loss provision to net charge-offs
0.04%Efficiency ratio
98,350Assets per employee
2.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.92%Loss allowance to noncurrent loans
47.20%Noncurrent assets plus other real estate owned to assets
3.41%Noncurrent loans to loans
4.07%Net loans and leases to deposits
55.51%Net loans and leases to core deposits
59.31%Equity capital to assets
11.01%Core capital (leverage) ratio
10.70%Tier 1 risk-based capital ratio
20.97%Total risk-based capital ratio
Memoranda
$22Average assets
$241,549Average earning assets
$26,772Average equity
$222,476Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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