FDIC Certificate #: 18136 Status: Active Federal Reserve ID: 89135 Bank Holding Company (Regulatory Top Holder): First Hardee Holding Corporation (RSSDID: 2376558, Location: Wauchula, FL) Date Established: January 12, 1960 WWW:http://www.fnbwauchula.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 12652 FDIC's unique #: 12057 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 12, 1960 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 406 North Sixth Avenue, Wauchula, FL 33873 County: Hardee 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 Core Based Statistical Area (CBSA): Wauchula, FL (#48100) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $73.2 mil Equity capital: $8.6 mil Deposits held in domestic offices: $62.7 mil Return on assets (ROA): -0.45% (-$0.3 mil) Quarterly return on assets: -1.28% (-$0.9 mil) Return on Equity (ROE): -4.03% (-$0.4 mil) Quarterly return on equity: -11.38% (-$1.0 mil) Net income: -$0.4 mil Quarterly Net income: -$0.3 mil Pretax return on assets: -0.45% (-$329.5 mil) Quarterly Pretax return on assets: -1.28% (-$937.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
30Total employees (full-time equivalent)
$73,229Total assets
$3,409Cash and due from depository institutions
$299Interest-bearing balances
$13,240Securities
$1,707Federal funds sold & reverse repurchase agreements
$49,917Net loans & leases
$1,302Loan loss allowance
$0Trading account assets
$1,369Bank premises and fixed assets
$110Other real estate owned
$0Goodwill and other intangibles
$73,229Life insurance assets
$3,477All other assets
$64,596Total liabilities and capital
$62,652Total liabilities
$49,105Total deposits
$62,652Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,944Subordinated debt
$8,633All other liabilities
$8,633Total equity capital
$8,633Total bank equity capital
$0Perpetual preferred stock
$250Common stock
$250Surplus
$8,133Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,607Income earned, not collected on loans
$0Earning assets
$368Long-term assets (5+ years)
$65,163Average Assets, year-to-date
$14,037Average Assets, quarterly
$80,416Volatile liabilities
$78,863Insider loans
$46,075FHLB advances
$77,614Loans and leases held for sale
$2,649Unused loan commitments
$2,649Tier 1 (core) risk-based capital
$8,937Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,075Restructured Loans and leases
$2,164Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,943Total interest income
$691Total interest expense
$3,252Net interest income
$844Provision for loan and lease losses
$203Total noninterest income
$0Fiduciary activities
$131Service charges on deposit accounts
$0Trading account gains & fees
$72Additional noninterest income
$3,065Total noninterest expense
$1,610Salaries and employee benefits
$345Premises and equipment expense
$1,110Additional noninterest expense
-$454Pre-tax net operating income
$94Securities gains (losses)
$0Applicable income taxes
-$360Income before extraordinary items
$0Extraordinary gains - net
-$360Net income attributable to bank
$0Net charge-offs
-$360Cash dividends
$364Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.49%Yield on earning assets
0.96%Cost of funding earning assets
4.53%Net interest margin
0.28%Noninterest income to earning assets
4.27%Noninterest expense to earning assets
-0.56%Net operating income to assets
-0.45%Return on assets (ROA)
-0.45%Pretax return on assets
-4.03%Return on equity (ROE)
-4.03%Retained earnings to average equity (YTD only)
0.70%Net charge-offs to loans
231.87%Credit loss provision to net charge-offs
1.07%Efficiency ratio
88,712Assets per employee
2.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.54%Loss allowance to noncurrent loans
81.02%Noncurrent assets plus other real estate owned to assets
2.34%Noncurrent loans to loans
3.14%Net loans and leases to deposits
79.67%Net loans and leases to core deposits
91.66%Equity capital to assets
11.79%Core capital (leverage) ratio
11.51%Tier 1 risk-based capital ratio
19.40%Total risk-based capital ratio
Memoranda
$21Average assets
$80,416Average earning assets
$8,933Average equity
$71,843Average loans
List of branches
1 Florida Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
12057
First National Bank Of Wauchula
406 North Sixth Avenue, Wauchula, FL 33873
January 12, 1960
Full Service Brick and Mortar
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