FDIC Certificate #: 35105 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Synovus Bank (#34172) Federal Reserve ID: 2808358 Date Established: August 30, 1999 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 7 (Interstate: No) FDIC's unique #: 74894 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 30, 1999 Last Structure Change Effective Date: April 28, 2008 Last Structure Change Process Date: May 28, 2008 Last Data Update: May 28, 2008 Data Source Date: April 05, 2012
Location
Address: 8850 Tamiami Trail North, Naples, FL 34108 County: Collier Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: South Florida Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Naples, FL (#5345) Core Based Statistical Area (CBSA): Naples-Marco Island, FL (#34940) CBSA Metro Statistical Area: Naples-Marco Island, FL (#34940)
Financial Summary
Total assets: $399.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
88Total employees (full-time equivalent)
$424,459Total assets
$3,304Cash and due from depository institutions
$0Interest-bearing balances
$3,426Securities
$29,159Federal funds sold & reverse repurchase agreements
$300,821Net loans & leases
$8,697Loan loss allowance
$0Trading account assets
$16,534Bank premises and fixed assets
$3,620Other real estate owned
$55,874Goodwill and other intangibles
$0Life insurance assets
$11,721All other assets
$424,459Total liabilities and capital
$337,500Total liabilities
$334,827Total deposits
$330,965Interest-bearing deposits
$334,827Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,673All other liabilities
$86,959Total equity capital
$86,959Total bank equity capital
$86,959Perpetual preferred stock
$0Common stock
$3,000Surplus
$100,335Undivided profits
Memoranda
$-16,376Noncurrent loans and leases
$45,419Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$54,376Earning assets
$0Long-term assets (5+ years)
$1,393Average Assets, year-to-date
$333,406Average Assets, quarterly
$15,012Volatile liabilities
$426,947Insider loans
$414,155FHLB advances
$123,860Loans and leases held for sale
$3,491Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$45,419Total unused commitments
$0Restructured Loans and leases
$4,417Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$26,342Total interest income
$15,788Total interest expense
$10,554Net interest income
$29,067Provision for loan and lease losses
$430Total noninterest income
$0Fiduciary activities
$143Service charges on deposit accounts
$0Trading account gains & fees
$287Additional noninterest income
$12,268Total noninterest expense
$6,220Salaries and employee benefits
$2,056Premises and equipment expense
$3,992Additional noninterest expense
-$30,351Pre-tax net operating income
$130Securities gains (losses)
-$11,621Applicable income taxes
-$18,600Income before extraordinary items
$0Extraordinary gains - net
-$18,600Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$24,182Sale, conversion, retirement of capital stock, net
$2,338Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.68%Yield on earning assets
4.60%Cost of funding earning assets
3.08%Net interest margin
0.13%Noninterest income to earning assets
3.58%Noninterest expense to earning assets
-4.38%Net operating income to assets
-4.36%Return on assets (ROA)
-7.08%Pretax return on assets
-19.67%Return on equity (ROE)
-22.14%Retained earnings to average equity (YTD only)
7.30%Net charge-offs to loans
120.20%Credit loss provision to net charge-offs
-0.05%Efficiency ratio
105,326Assets per employee
4.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
-12.57%Loss allowance to loans
2.81%Loss allowance to noncurrent loans
15.99%Noncurrent assets plus other real estate owned to assets
13.66%Noncurrent loans to loans
17.57%Net loans and leases to deposits
89.84%Net loans and leases to core deposits
142.59%Equity capital to assets
20.49%Core capital (leverage) ratio
9.21%Tier 1 risk-based capital ratio
9.00%Total risk-based capital ratio
Memoranda
$10Average assets
$426,947Average earning assets
$94,583Average equity
$342,850Average loans
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