FDIC Certificate #: 32270 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community Bank & Company (#34092) Federal Reserve ID: 205177 Date Established: Febuary 11, 1985 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8074 FDIC's unique #: 45104 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: Febuary 11, 1985 Last Structure Change Effective Date: June 01, 2011 Last Structure Change Process Date: June 10, 2011 Last Data Update: June 10, 2011 Data Source Date: April 05, 2012
Location
Address: 9001 Belcher Road, Pinellas Park, FL 33782 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: $452.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
92Total employees (full-time equivalent)
$470,613Total assets
$50,081Cash and due from depository institutions
$46,568Interest-bearing balances
$45,761Securities
$0Federal funds sold & reverse repurchase agreements
$332,969Net loans & leases
$11,568Loan loss allowance
$0Trading account assets
$12,250Bank premises and fixed assets
$11,215Other real estate owned
$0Goodwill and other intangibles
$8,157Life insurance assets
$18,337All other assets
$470,613Total liabilities and capital
$443,598Total liabilities
$377,961Total deposits
$362,654Interest-bearing deposits
$377,961Deposits held in domestic offices
87.97%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$61,650Other borrowed funds
$0Subordinated debt
$3,987All other liabilities
$27,015Total equity capital
$27,015Total bank equity capital
$27,015Perpetual preferred stock
$0Common stock
$2,478Surplus
$37,875Undivided profits
Memoranda
$-13,338Noncurrent loans and leases
$25,773Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34,523Earning assets
$0Long-term assets (5+ years)
$1,378Average Assets, year-to-date
$425,298Average Assets, quarterly
$0Volatile liabilities
$519,191Insider loans
$488,038FHLB advances
$127,916Loans and leases held for sale
$671Unused loan commitments
$59,886Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$25,773Total unused commitments
$17,699Restructured Loans and leases
$4,180Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$22,172Total interest income
$7,953Total interest expense
$14,219Net interest income
$16,599Provision for loan and lease losses
$1,536Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,536Additional noninterest income
$13,702Total noninterest expense
$5,564Salaries and employee benefits
$3,380Premises and equipment expense
$4,758Additional noninterest expense
-$14,546Pre-tax net operating income
$1,005Securities gains (losses)
$4,604Applicable income taxes
-$18,145Income before extraordinary items
$0Extraordinary gains - net
-$18,145Net income attributable to bank
$0Net charge-offs
-$18,145Cash dividends
$12,314Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.68%Yield on earning assets
1.68%Cost of funding earning assets
3.00%Net interest margin
0.32%Noninterest income to earning assets
2.89%Noninterest expense to earning assets
-3.69%Net operating income to assets
-3.49%Return on assets (ROA)
-2.61%Pretax return on assets
-50.28%Return on equity (ROE)
-50.28%Retained earnings to average equity (YTD only)
3.28%Net charge-offs to loans
134.80%Credit loss provision to net charge-offs
0.17%Efficiency ratio
86,969Assets per employee
5.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.36%Loss allowance to noncurrent loans
33.51%Noncurrent assets plus other real estate owned to assets
9.72%Noncurrent loans to loans
10.02%Net loans and leases to deposits
88.10%Net loans and leases to core deposits
106.83%Equity capital to assets
5.74%Core capital (leverage) ratio
5.81%Tier 1 risk-based capital ratio
8.37%Total risk-based capital ratio
Memoranda
$10Average assets
$519,191Average earning assets
$36,090Average equity
$473,434Average loans
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