FDIC Certificate #: 25013 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Colonial Bank (#9609) Federal Reserve ID: 1009934 Date Established: January 09, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) FDIC's unique #: 17322 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 09, 1984 Last Structure Change Effective Date: August 13, 1998 Last Structure Change Process Date: August 26, 1998 Last Data Update: August 26, 1998 Data Source Date: April 05, 2012
Location
Address: 1899 South Clyde Morris Boulevard, Daytona Beach, FL 32119 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: $89.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
39Total employees (full-time equivalent)
$83,309Total assets
$3,504Cash and due from depository institutions
$0Interest-bearing balances
$16,136Securities
$0Federal funds sold & reverse repurchase agreements
$59,530Net loans & leases
$419Loan loss allowance
$0Trading account assets
$3,379Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$760All other assets
$83,309Total liabilities and capital
$75,536Total liabilities
$75,388Total deposits
$59,649Interest-bearing deposits
$75,388Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$148All other liabilities
$7,773Total equity capital
$7,773Total bank equity capital
$7,773Perpetual preferred stock
$0Common stock
$1,451Surplus
$1,451Undivided profits
Memoranda
$4,871Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$106Earning assets
$0Long-term assets (5+ years)
$289Average Assets, year-to-date
$75,666Average Assets, quarterly
$4,097Volatile liabilities
$86,412Insider loans
$85,493FHLB advances
$8,442Loans and leases held for sale
$81Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,368Total unused commitments
$0Restructured Loans and leases
$51,042Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,655Total interest income
$2,615Total interest expense
$4,040Net interest income
$71Provision for loan and lease losses
$681Total noninterest income
$0Fiduciary activities
$482Service charges on deposit accounts
$0Trading account gains & fees
$199Additional noninterest income
$2,239Total noninterest expense
$1,292Salaries and employee benefits
$299Premises and equipment expense
$648Additional noninterest expense
$2,411Pre-tax net operating income
-$2Securities gains (losses)
$904Applicable income taxes
$1,505Income before extraordinary items
$0Extraordinary gains - net
$1,505Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$31Sale, conversion, retirement of capital stock, net
$1,010Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.39%Yield on earning assets
3.30%Cost of funding earning assets
5.10%Net interest margin
0.86%Noninterest income to earning assets
2.82%Noninterest expense to earning assets
1.74%Net operating income to assets
1.74%Return on assets (ROA)
2.79%Pretax return on assets
20.05%Return on equity (ROE)
6.60%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
229.03%Credit loss provision to net charge-offs
80.06%Efficiency ratio
47,426Assets per employee
2.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.11%Loss allowance to loans
0.70%Loss allowance to noncurrent loans
395.28%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.18%Net loans and leases to deposits
78.96%Net loans and leases to core deposits
88.92%Equity capital to assets
9.33%Core capital (leverage) ratio
8.90%Tier 1 risk-based capital ratio
15.19%Total risk-based capital ratio
Memoranda
$16Average assets
$86,412Average earning assets
$7,504Average equity
$79,277Average loans
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