FDIC Certificate #: 34537 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank of Florida (#27538) Federal Reserve ID: 2623346 Date Established: October 24, 1997 WWW:http://www.firstbradentonbank.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) OTS Docket #: 14412 FDIC's unique #: 59044 Numeric code: 13 Regulator: FED Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: October 24, 1997 Last Structure Change Effective Date: November 30, 2004 Last Structure Change Process Date: December 21, 2004 Last Data Update: December 21, 2004 Data Source Date: April 05, 2012
Location
Address: 5305 26th Street West, Bradenton, FL 34207 County: Manatee 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): Sarasota-Bradenton, FL (#7510) Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494) Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840) CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
Financial Summary
Total assets: $65.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
15Total employees (full-time equivalent)
$54,058Total assets
$2,599Cash and due from depository institutions
$110Interest-bearing balances
$3,735Securities
$4,085Federal funds sold & reverse repurchase agreements
$41,898Net loans & leases
$210Loan loss allowance
$0Trading account assets
$1,127Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$614All other assets
$54,058Total liabilities and capital
$49,201Total liabilities
$49,010Total deposits
$44,427Interest-bearing deposits
$49,010Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$191All other liabilities
$4,857Total equity capital
$4,857Total bank equity capital
$4,857Perpetual preferred stock
$0Common stock
$5Surplus
$4,495Undivided profits
Memoranda
$357Noncurrent loans and leases
$8,251Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$168Average Assets, year-to-date
$49,828Average Assets, quarterly
$5,719Volatile liabilities
$49,812Insider loans
$51,802FHLB advances
$8,588Loans and leases held for sale
$884Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,251Total unused commitments
$0Restructured Loans and leases
$210Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$2,691Total interest income
$1,070Total interest expense
$1,621Net interest income
$17Provision for loan and lease losses
$68Total noninterest income
$0Fiduciary activities
$67Service charges on deposit accounts
$0Trading account gains & fees
$1Additional noninterest income
$1,256Total noninterest expense
$733Salaries and employee benefits
$179Premises and equipment expense
$344Additional noninterest expense
$416Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$416Income before extraordinary items
$0Extraordinary gains - net
$416Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$158Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.81%Yield on earning assets
2.31%Cost of funding earning assets
3.50%Net interest margin
0.15%Noninterest income to earning assets
2.71%Noninterest expense to earning assets
0.84%Net operating income to assets
0.84%Return on assets (ROA)
0.84%Pretax return on assets
8.88%Return on equity (ROE)
5.51%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-1700.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
74,364Assets per employee
3.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
37.98%Loss allowance to loans
0.50%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
85.49%Net loans and leases to core deposits
103.65%Equity capital to assets
8.98%Core capital (leverage) ratio
9.63%Tier 1 risk-based capital ratio
12.00%Total risk-based capital ratio
Memoranda
$13Average assets
$49,812Average earning assets
$4,686Average equity
$46,307Average loans
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