FDIC Certificate #: 28886 Status: Inactive Closing history: Corrections Acquiring institution:TD Bank, National Association (#18409) Federal Reserve ID: 23278 Date Established: April 01, 1934 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2558 FDIC's unique #: 41720 Numeric code: 34 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: November 01, 1934 Last Structure Change Effective Date: April 16, 2010 Last Structure Change Process Date: April 20, 2010 Last Data Update: April 20, 2010 Data Source Date: April 05, 2012
Location
Address: 511 St Johns Ave, Palatka, FL 32177 County: Putnam 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 Core Based Statistical Area (CBSA): Palatka, FL (#37260) CBSA Micro Statistical Area: Yes
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $440.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
94Total employees (full-time equivalent)
$393,949Total assets
$34,626Cash and due from depository institutions
$12,755Interest-bearing balances
$9,260Securities
$0Federal funds sold & reverse repurchase agreements
$312,340Net loans & leases
$12,788Loan loss allowance
$0Trading account assets
$5,865Bank premises and fixed assets
$5,995Other real estate owned
$24Goodwill and other intangibles
$4,510Life insurance assets
$25,839All other assets
$393,949Total liabilities and capital
$387,650Total liabilities
$324,198Total deposits
$308,406Interest-bearing deposits
$324,198Deposits held in domestic offices
98.28%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$62,090Other borrowed funds
$0Subordinated debt
$1,362All other liabilities
$6,299Total equity capital
$6,299Total bank equity capital
$6,299Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$6,299Noncurrent loans and leases
$19,408Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$23,956Earning assets
$0Long-term assets (5+ years)
$1,943Average Assets, year-to-date
$334,355Average Assets, quarterly
$0Volatile liabilities
$416,998Insider loans
$418,995FHLB advances
$163,821Loans and leases held for sale
$5,314Unused loan commitments
$62,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,408Total unused commitments
$29,199Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$22,289Total interest income
$10,504Total interest expense
$11,785Net interest income
$37,192Provision for loan and lease losses
-$617Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$617Additional noninterest income
$11,483Total noninterest expense
$6,184Salaries and employee benefits
$2,739Premises and equipment expense
$2,560Additional noninterest expense
-$37,507Pre-tax net operating income
$0Securities gains (losses)
-$14,179Applicable income taxes
-$23,328Income before extraordinary items
$0Extraordinary gains - net
-$23,328Net income attributable to bank
$0Net charge-offs
-$23,328Cash dividends
$26,404Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.04%Yield on earning assets
2.85%Cost of funding earning assets
3.19%Net interest margin
-0.17%Noninterest income to earning assets
3.11%Noninterest expense to earning assets
-5.59%Net operating income to assets
-5.59%Return on assets (ROA)
-8.99%Pretax return on assets
-109.00%Return on equity (ROE)
-109.00%Retained earnings to average equity (YTD only)
7.45%Net charge-offs to loans
140.86%Credit loss provision to net charge-offs
-0.01%Efficiency ratio
102,731Assets per employee
4.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.93%Loss allowance to noncurrent loans
53.38%Noncurrent assets plus other real estate owned to assets
7.60%Noncurrent loans to loans
7.37%Net loans and leases to deposits
96.34%Net loans and leases to core deposits
140.40%Equity capital to assets
1.60%Core capital (leverage) ratio
-0.93%Tier 1 risk-based capital ratio
-1.34%Total risk-based capital ratio
Memoranda
-$1Average assets
$416,998Average earning assets
$21,402Average equity
$368,889Average loans
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