FDIC Certificate #: 16458 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BRANNEN BANK (#5676) Federal Reserve ID: 914237 Date Established: August 01, 1946 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 10573 FDIC's unique #: 10623 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: August 01, 1946 Last Structure Change Effective Date: Febuary 02, 2008 Last Structure Change Process Date: March 04, 2008 Last Data Update: March 04, 2008 Data Source Date: April 05, 2012
Location
Address: U.S. Highway 41 North, Dunnellon, FL 34432 County: Marion 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): Ocala, FL (#5790) Core Based Statistical Area (CBSA): Ocala, FL (#36100) CBSA Metro Statistical Area: Ocala, FL (#36100)
Financial Summary
Total assets: $60.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
18Total employees (full-time equivalent)
$60,536Total assets
$3,808Cash and due from depository institutions
$2,917Interest-bearing balances
$11,629Securities
$107Federal funds sold & reverse repurchase agreements
$42,871Net loans & leases
$218Loan loss allowance
$0Trading account assets
$176Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,945All other assets
$60,536Total liabilities and capital
$56,765Total liabilities
$46,695Total deposits
$40,192Interest-bearing deposits
$46,695Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$70All other liabilities
$3,771Total equity capital
$3,771Total bank equity capital
$3,771Perpetual preferred stock
$0Common stock
$840Surplus
$2,030Undivided profits
Memoranda
$901Noncurrent loans and leases
$1,422Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$121Earning assets
$0Long-term assets (5+ years)
$287Average Assets, year-to-date
$57,524Average Assets, quarterly
$38,660Volatile liabilities
$59,546Insider loans
$61,491FHLB advances
$4,160Loans and leases held for sale
$0Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,422Total unused commitments
$0Restructured Loans and leases
$218Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$3,352Total interest income
$1,263Total interest expense
$2,089Net interest income
$13Provision for loan and lease losses
$272Total noninterest income
$0Fiduciary activities
$182Service charges on deposit accounts
$0Trading account gains & fees
$90Additional noninterest income
$1,725Total noninterest expense
$775Salaries and employee benefits
$91Premises and equipment expense
$859Additional noninterest expense
$623Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$623Income before extraordinary items
$0Extraordinary gains - net
$623Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$620Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.91%Yield on earning assets
2.23%Cost of funding earning assets
3.68%Net interest margin
0.48%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
1.05%Net operating income to assets
1.05%Return on assets (ROA)
1.05%Pretax return on assets
17.71%Return on equity (ROE)
0.09%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
73,062Assets per employee
3.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
99.52%Loss allowance to loans
0.51%Loss allowance to noncurrent loans
180.17%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.28%Net loans and leases to deposits
91.81%Net loans and leases to core deposits
100.79%Equity capital to assets
6.23%Core capital (leverage) ratio
5.75%Tier 1 risk-based capital ratio
12.33%Total risk-based capital ratio
Memoranda
$13Average assets
$59,546Average earning assets
$3,517Average equity
$56,713Average loans
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