FDIC Certificate #: 34994 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:United Heritage Bank (#57108) Federal Reserve ID: 2837219 Date Established: August 02, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 73816 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: August 02, 1999 Last Structure Change Effective Date: March 26, 2004 Last Structure Change Process Date: April 12, 2004 Last Data Update: April 12, 2004 Data Source Date: April 05, 2012
Location
Address: 3001 Lake Mary Boulevard, Lake Mary, FL 32746 County: Seminole 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): Orlando, FL (#5960) Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422) Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740) CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
Financial Summary
Total assets: $140.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2003)
Dollar figures in thousands
21Total employees (full-time equivalent)
$140,249Total assets
$13,309Cash and due from depository institutions
$9,532Interest-bearing balances
$12,173Securities
$21,091Federal funds sold & reverse repurchase agreements
$90,983Net loans & leases
$1,162Loan loss allowance
$0Trading account assets
$1,649Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,044All other assets
$140,249Total liabilities and capital
$129,267Total liabilities
$128,865Total deposits
$111,964Interest-bearing deposits
$128,865Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$402All other liabilities
$10,982Total equity capital
$10,982Total bank equity capital
$10,982Perpetual preferred stock
$0Common stock
$2,510Surplus
$7,557Undivided profits
Memoranda
$915Noncurrent loans and leases
$18,902Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$491Earning assets
$0Long-term assets (5+ years)
$495Average Assets, year-to-date
$133,779Average Assets, quarterly
$54,353Volatile liabilities
$131,767Insider loans
$138,580FHLB advances
$28,980Loans and leases held for sale
$2,908Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,902Total unused commitments
$0Restructured Loans and leases
$1,162Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$6,528Total interest income
$2,698Total interest expense
$3,830Net interest income
$435Provision for loan and lease losses
$166Total noninterest income
$0Fiduciary activities
$92Service charges on deposit accounts
$0Trading account gains & fees
$74Additional noninterest income
$2,246Total noninterest expense
$1,038Salaries and employee benefits
$472Premises and equipment expense
$736Additional noninterest expense
$1,315Pre-tax net operating income
$5Securities gains (losses)
$497Applicable income taxes
$823Income before extraordinary items
$0Extraordinary gains - net
$823Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$160Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.27%Yield on earning assets
2.18%Cost of funding earning assets
3.09%Net interest margin
0.13%Noninterest income to earning assets
1.81%Noninterest expense to earning assets
0.62%Net operating income to assets
0.62%Return on assets (ROA)
1.00%Pretax return on assets
8.35%Return on equity (ROE)
8.35%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
271.88%Credit loss provision to net charge-offs
10.94%Efficiency ratio
56,206Assets per employee
6.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
236.66%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.53%Net loans and leases to deposits
70.60%Net loans and leases to core deposits
91.09%Equity capital to assets
7.83%Core capital (leverage) ratio
7.90%Tier 1 risk-based capital ratio
10.86%Total risk-based capital ratio
Memoranda
$12Average assets
$131,767Average earning assets
$9,857Average equity
$123,865Average loans
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