FDIC Certificate #: 27164 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of America, National Association (#15802) Federal Reserve ID: 1165269 Date Established: Febuary 04, 1988 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 38997 Numeric code: 13 Regulator: FED 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 04, 1988 Last Structure Change Effective Date: October 08, 1998 Last Structure Change Process Date: October 20, 1998 Last Data Update: October 20, 1998 Data Source Date: April 05, 2012
Location
Address: 2450 Periwinkle Way, Sanibel, FL 33957 County: Lee Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta 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)
Financial Summary
Total assets: $91.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
18Total employees (full-time equivalent)
$100,241Total assets
$5,701Cash and due from depository institutions
$0Interest-bearing balances
$23,106Securities
$17,000Federal funds sold & reverse repurchase agreements
$51,848Net loans & leases
$618Loan loss allowance
$0Trading account assets
$1,585Bank premises and fixed assets
$7Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$994All other assets
$100,241Total liabilities and capital
$87,900Total liabilities
$86,634Total deposits
$70,207Interest-bearing deposits
$86,634Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,266All other liabilities
$12,341Total equity capital
$12,341Total bank equity capital
$12,341Perpetual preferred stock
$0Common stock
$1,532Surplus
$2,200Undivided profits
Memoranda
$8,609Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$298Earning assets
$0Long-term assets (5+ years)
$329Average Assets, year-to-date
$91,954Average Assets, quarterly
$2,702Volatile liabilities
$96,387Insider loans
$92,999FHLB advances
$12,636Loans and leases held for sale
$3,259Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,501Total unused commitments
$0Restructured Loans and leases
$54,880Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$7,182Total interest income
$2,576Total interest expense
$4,606Net interest income
-$5Provision for loan and lease losses
$424Total noninterest income
$0Fiduciary activities
$288Service charges on deposit accounts
$0Trading account gains & fees
$136Additional noninterest income
$1,561Total noninterest expense
$744Salaries and employee benefits
$276Premises and equipment expense
$541Additional noninterest expense
$3,474Pre-tax net operating income
$0Securities gains (losses)
$1,365Applicable income taxes
$2,109Income before extraordinary items
$0Extraordinary gains - net
$2,109Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.00%Yield on earning assets
2.87%Cost of funding earning assets
5.13%Net interest margin
0.47%Noninterest income to earning assets
1.74%Noninterest expense to earning assets
2.19%Net operating income to assets
2.19%Return on assets (ROA)
3.60%Pretax return on assets
18.75%Return on equity (ROE)
18.75%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
-500.00%Credit loss provision to net charge-offs
3469.00%Efficiency ratio
31,034Assets per employee
5.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
207.38%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.57%Net loans and leases to deposits
59.85%Net loans and leases to core deposits
70.07%Equity capital to assets
12.31%Core capital (leverage) ratio
13.65%Tier 1 risk-based capital ratio
22.40%Total risk-based capital ratio
Memoranda
$24Average assets
$96,387Average earning assets
$11,250Average equity
$89,797Average loans
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