FDIC Certificate #: 58016 Status: Inactive Closing history: Corrections Acquiring institution:Central Bank (#27234) Federal Reserve ID: 3379819 Date Established: September 14, 2005 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 433873 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: September 14, 2005 Last Structure Change Effective Date: November 20, 2009 Last Structure Change Process Date: November 23, 2009 Last Data Update: November 23, 2009 Data Source Date: April 05, 2012
Location
Address: 1520 Royal Palm Square Boulevard, Suite 100, Fort Myers, FL 33919 County: Lee Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Chicago FDIC Field Office: South Florida Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Fort Myers-Cape Coral, FL (#2700) Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980) CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $71.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
11Total employees (full-time equivalent)
$77,381Total assets
$9,502Cash and due from depository institutions
$9,064Interest-bearing balances
$0Securities
$448Federal funds sold & reverse repurchase agreements
$65,002Net loans & leases
$933Loan loss allowance
$0Trading account assets
$1,017Bank premises and fixed assets
$575Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$837All other assets
$77,381Total liabilities and capital
$72,046Total liabilities
$67,185Total deposits
$58,524Interest-bearing deposits
$67,185Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,669Other borrowed funds
$0Subordinated debt
$192All other liabilities
$5,335Total equity capital
$5,335Total bank equity capital
$5,335Perpetual preferred stock
$0Common stock
$4,257Surplus
$6,681Undivided profits
Memoranda
$-5,603Noncurrent loans and leases
$6,272Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,921Earning assets
$0Long-term assets (5+ years)
$308Average Assets, year-to-date
$74,514Average Assets, quarterly
$8,546Volatile liabilities
$76,276Insider loans
$73,905FHLB advances
$24,441Loans and leases held for sale
$567Unused loan commitments
$4,669Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,272Total unused commitments
$459Restructured Loans and leases
$756Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$4,680Total interest income
$2,384Total interest expense
$2,296Net interest income
$2,674Provision for loan and lease losses
$120Total noninterest income
$0Fiduciary activities
$46Service charges on deposit accounts
$0Trading account gains & fees
$74Additional noninterest income
$2,862Total noninterest expense
$1,403Salaries and employee benefits
$515Premises and equipment expense
$944Additional noninterest expense
-$3,120Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$3,120Income before extraordinary items
$0Extraordinary gains - net
-$3,120Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,745Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.36%Yield on earning assets
3.24%Cost of funding earning assets
3.12%Net interest margin
0.16%Noninterest income to earning assets
3.89%Noninterest expense to earning assets
-4.09%Net operating income to assets
-4.09%Return on assets (ROA)
-4.09%Pretax return on assets
-55.10%Return on equity (ROE)
-55.10%Retained earnings to average equity (YTD only)
3.96%Net charge-offs to loans
97.41%Credit loss provision to net charge-offs
-0.16%Efficiency ratio
118,460Assets per employee
7.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
13.48%Noncurrent assets plus other real estate owned to assets
9.69%Noncurrent loans to loans
10.50%Net loans and leases to deposits
96.75%Net loans and leases to core deposits
137.10%Equity capital to assets
6.89%Core capital (leverage) ratio
7.46%Tier 1 risk-based capital ratio
8.84%Total risk-based capital ratio
Memoranda
$10Average assets
$76,276Average earning assets
$5,662Average equity
$73,634Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Commerce Bank of Southwest Florida.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: