FDIC Certificate #: 22000 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Superior Bank (#17750) Federal Reserve ID: 153232 Date Established: May 01, 1975 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 15259 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: May 01, 1975 Last Structure Change Effective Date: June 17, 2000 Last Structure Change Process Date: July 20, 2000 Last Data Update: July 20, 2000 Data Source Date: April 05, 2012
Location
Address: State Highway 20 And Baker Street, Bristol, FL 32321 County: Liberty 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
Financial Summary
Total assets: $125.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
46Total employees (full-time equivalent)
$117,001Total assets
$7,874Cash and due from depository institutions
$791Interest-bearing balances
$18,746Securities
$3,863Federal funds sold & reverse repurchase agreements
$83,094Net loans & leases
$1,036Loan loss allowance
$0Trading account assets
$1,111Bank premises and fixed assets
$354Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,959All other assets
$117,001Total liabilities and capital
$106,719Total liabilities
$106,340Total deposits
$94,637Interest-bearing deposits
$106,340Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$379All other liabilities
$10,282Total equity capital
$10,282Total bank equity capital
$10,282Perpetual preferred stock
$0Common stock
$200Surplus
$2,251Undivided profits
Memoranda
$7,831Noncurrent loans and leases
$3,559Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$212Earning assets
$20Long-term assets (5+ years)
$1,241Average Assets, year-to-date
$106,494Average Assets, quarterly
$10,470Volatile liabilities
$107,528Insider loans
$111,473FHLB advances
$37,156Loans and leases held for sale
$5,419Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,559Total unused commitments
$0Restructured Loans and leases
$1,036Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$8,894Total interest income
$4,348Total interest expense
$4,546Net interest income
-$781Provision for loan and lease losses
$818Total noninterest income
$0Fiduciary activities
$712Service charges on deposit accounts
$0Trading account gains & fees
$106Additional noninterest income
$3,177Total noninterest expense
$1,460Salaries and employee benefits
$652Premises and equipment expense
$1,065Additional noninterest expense
$2,968Pre-tax net operating income
$0Securities gains (losses)
$1,077Applicable income taxes
$1,891Income before extraordinary items
$0Extraordinary gains - net
$1,891Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$116Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.01%Yield on earning assets
4.40%Cost of funding earning assets
4.60%Net interest margin
0.83%Noninterest income to earning assets
3.22%Noninterest expense to earning assets
1.76%Net operating income to assets
1.76%Return on assets (ROA)
2.76%Pretax return on assets
20.09%Return on equity (ROE)
20.09%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
-673.28%Credit loss provision to net charge-offs
18.85%Efficiency ratio
59,228Assets per employee
2.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
488.68%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
0.25%Net loans and leases to deposits
78.14%Net loans and leases to core deposits
120.11%Equity capital to assets
8.79%Core capital (leverage) ratio
9.21%Tier 1 risk-based capital ratio
12.74%Total risk-based capital ratio
Memoranda
$14Average assets
$107,528Average earning assets
$9,412Average equity
$98,729Average loans
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