FDIC Certificate #: 34228 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:Superior Bank (#17750) Federal Reserve ID: 2484882 Date Established: August 30, 1996 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15675 FDIC's unique #: 56987 Numeric code: 43 Regulator: OTS Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: August 30, 1996 Last Structure Change Effective Date: June 17, 2000 Last Structure Change Process Date: July 20, 2000 Last Data Update: July 20, 2000 Data Source Date: April 05, 2012
Location
Address: 7522 Front Beach Road, Panama City Beach, FL 32407 County: Bay Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Panama City, FL (#6015) Core Based Statistical Area (CBSA): Panama City-Lynn Haven-Panama City Beach, FL (#37460) CBSA Metro Statistical Area: Panama City-Lynn Haven-Panama City Beach, FL (#37460)
Financial Summary
Total assets: $130.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
47Total employees (full-time equivalent)
$119,627Total assets
$4,916Cash and due from depository institutions
$1,071Interest-bearing balances
$8,061Securities
$0Federal funds sold & reverse repurchase agreements
$101,434Net loans & leases
$1,040Loan loss allowance
$0Trading account assets
$2,126Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,090All other assets
$119,627Total liabilities and capital
$111,330Total liabilities
$103,243Total deposits
$103,243Interest-bearing deposits
$103,243Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,500Other borrowed funds
$0Subordinated debt
$587All other liabilities
$8,297Total equity capital
$8,297Total bank equity capital
$8,297Perpetual preferred stock
$0Common stock
$3,130Surplus
$5,100Undivided profits
Memoranda
$67Noncurrent loans and leases
$18,481Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$22Earning assets
$0Long-term assets (5+ years)
$635Average Assets, year-to-date
$110,566Average Assets, quarterly
$0Volatile liabilities
$102,913Insider loans
$115,225FHLB advances
$60,814Loans and leases held for sale
$4,730Unused loan commitments
$7,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,481Total unused commitments
$0Restructured Loans and leases
$1,040Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$8,576Total interest income
$3,673Total interest expense
$4,903Net interest income
$444Provision for loan and lease losses
$461Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$461Additional noninterest income
$3,875Total noninterest expense
$1,937Salaries and employee benefits
$1,142Premises and equipment expense
$796Additional noninterest expense
$1,045Pre-tax net operating income
$331Securities gains (losses)
$512Applicable income taxes
$864Income before extraordinary items
$0Extraordinary gains - net
$864Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$86Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.08%Yield on earning assets
3.89%Cost of funding earning assets
5.19%Net interest margin
0.49%Noninterest income to earning assets
4.10%Noninterest expense to earning assets
0.63%Net operating income to assets
0.84%Return on assets (ROA)
1.34%Pretax return on assets
11.48%Return on equity (ROE)
11.48%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
516.28%Credit loss provision to net charge-offs
17.31%Efficiency ratio
72,241Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
4727.27%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.02%Net loans and leases to deposits
98.25%Net loans and leases to core deposits
203.16%Equity capital to assets
6.94%Core capital (leverage) ratio
7.07%Tier 1 risk-based capital ratio
9.51%Total risk-based capital ratio
Memoranda
$10Average assets
$102,913Average earning assets
$7,527Average equity
$94,447Average loans
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