Commerce Bank of Central Florida in Winter Haven, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 1995

Commerce Bank of Central Florida in Winter Haven, Florida (FL)
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Commerce Bank of Central Florida - Overview

General
FDIC Certificate #: 27457
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Commerce Bank of Polk County (#23669)
Federal Reserve ID: 1364857
Date Established: Febuary 17, 1989
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 39981
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: Febuary 17, 1989
Last Structure Change Effective Date: September 01, 1995
Last Structure Change Process Date: September 27, 1995
Last Data Update: September 27, 1995
Data Source Date: April 05, 2012
Location
Address: 141 Central Avenue East, Winter Haven, FL 33880
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: $55.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$25Total assets
$52,316Cash and due from depository institutions
$1,782Interest-bearing balances
$0Securities
$13,062Federal funds sold & reverse repurchase agreements
$1,425Net loans & leases
$34,372Loan loss allowance
$411Trading account assets
$0Bank premises and fixed assets
$261Other real estate owned
$226Goodwill and other intangibles
$1,188Life insurance assets
$0All other assets
$0Total liabilities and capital
$52,316Total liabilities
$48,125Total deposits
$47,934Interest-bearing deposits
$40,359Deposits held in domestic offices
47934.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$191Total equity capital
$191Total bank equity capital
$4,191Perpetual preferred stock
$0Common stock
$1,557Surplus
$1,495Undivided profits
Memoranda
$1,139Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$542Income earned, not collected on loans
$371Earning assets
$48,859Long-term assets (5+ years)
$3,575Average Assets, year-to-date
$51,755Average Assets, quarterly
$51,768Volatile liabilities
$7,335Insider loans
$2,464FHLB advances
$0Loans and leases held for sale
$183Unused loan commitments
$5,101Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,528Total risk weighted assets
$36,338Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,965Total interest expense
$1,563Net interest income
$2,402Provision for loan and lease losses
$163Total noninterest income
$357Fiduciary activities
$0Service charges on deposit accounts
$208Trading account gains & fees
$0Additional noninterest income
$149Total noninterest expense
$1,831Salaries and employee benefits
$815Premises and equipment expense
$401Additional noninterest expense
$615Pre-tax net operating income
$765Securities gains (losses)
$0Applicable income taxes
$267Income before extraordinary items
$498Extraordinary gains - net
$0Net income attributable to bank
$498Net charge-offs
$205Cash dividends
$50Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.15%Cost of funding earning assets
3.21%Net interest margin
4.94%Noninterest income to earning assets
0.73%Noninterest expense to earning assets
3.76%Net operating income to assets
0.96%Return on assets (ROA)
0.96%Pretax return on assets
1.48%Return on equity (ROE)
12.02%Retained earnings to average equity (YTD only)
10.81%Net charge-offs to loans
0.63%Credit loss provision to net charge-offs
79.51%Efficiency ratio
66,365Assets per employee
2.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
10.04%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
75.83%Noncurrent assets plus other real estate owned to assets
1.47%Noncurrent loans to loans
1.56%Net loans and leases to deposits
71.71%Net loans and leases to core deposits
84.66%Equity capital to assets
8.01%Core capital (leverage) ratio
8.78%Tier 1 risk-based capital ratio
12.46%Total risk-based capital ratio
Memoranda
$14Average assets
$51,755Average earning assets
$4,143Average equity
$48,658Average loans

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