FDIC Certificate #: 27242 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Colonial Bank (#9609) Federal Reserve ID: 1189975 Date Established: May 11, 1988 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 39182 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: May 11, 1988 Last Structure Change Effective Date: Febuary 12, 1998 Last Structure Change Process Date: March 20, 1998 Last Data Update: March 20, 1998 Data Source Date: April 05, 2012
Location
Address: 5712 5th Avenue, North, St. Petersburg, FL 33743 County: Pinellas 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): Tampa-St. Petersburg-Clearwater, FL (#8280) Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300) CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
Financial Summary
Total assets: $62.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
14Total employees (full-time equivalent)
$62,897Total assets
$13,650Cash and due from depository institutions
$0Interest-bearing balances
$7,982Securities
$0Federal funds sold & reverse repurchase agreements
$39,881Net loans & leases
$570Loan loss allowance
$0Trading account assets
$60Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,324All other assets
$62,897Total liabilities and capital
$52,785Total liabilities
$52,048Total deposits
$40,313Interest-bearing deposits
$52,048Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$737All other liabilities
$10,112Total equity capital
$10,112Total bank equity capital
$10,112Perpetual preferred stock
$0Common stock
$1,638Surplus
$1,138Undivided profits
Memoranda
$7,336Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$100Earning assets
$0Long-term assets (5+ years)
$210Average Assets, year-to-date
$47,863Average Assets, quarterly
$1,160Volatile liabilities
$56,225Insider loans
$59,674FHLB advances
$7,424Loans and leases held for sale
$813Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,585Total unused commitments
$0Restructured Loans and leases
$44,094Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,685Total interest income
$1,062Total interest expense
$3,623Net interest income
$83Provision for loan and lease losses
$477Total noninterest income
$0Fiduciary activities
$394Service charges on deposit accounts
$0Trading account gains & fees
$83Additional noninterest income
$1,955Total noninterest expense
$1,009Salaries and employee benefits
$271Premises and equipment expense
$675Additional noninterest expense
$2,062Pre-tax net operating income
$0Securities gains (losses)
$742Applicable income taxes
$1,320Income before extraordinary items
$0Extraordinary gains - net
$1,320Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$46Sale, conversion, retirement of capital stock, net
$328Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.68%Yield on earning assets
2.19%Cost of funding earning assets
7.49%Net interest margin
0.99%Noninterest income to earning assets
4.04%Noninterest expense to earning assets
2.35%Net operating income to assets
2.35%Return on assets (ROA)
3.67%Pretax return on assets
13.67%Return on equity (ROE)
10.27%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
180.43%Credit loss provision to net charge-offs
46.63%Efficiency ratio
47,683Assets per employee
4.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.85%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
570.00%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.25%Net loans and leases to deposits
76.62%Net loans and leases to core deposits
89.37%Equity capital to assets
16.08%Core capital (leverage) ratio
17.66%Tier 1 risk-based capital ratio
22.93%Total risk-based capital ratio
Memoranda
$24Average assets
$56,225Average earning assets
$9,658Average equity
$48,396Average loans
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