FDIC Certificate #: 27021 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank Northwest Florida (#25122) Federal Reserve ID: 686132 Date Established: July 24, 1987 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) OTS Docket #: 13282 FDIC's unique #: 36466 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: July 24, 1987 Last Structure Change Effective Date: Febuary 29, 2000 Last Structure Change Process Date: March 22, 2000 Last Data Update: March 22, 2000 Data Source Date: April 05, 2012
Location
Address: 768 North Beal Parkway, Fort Walton Beach, FL 32548 County: Okaloosa Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Fort Walton Beach, FL (#2750) Core Based Statistical Area (CBSA): Crestview-Fort Walton Beach-Destin, FL (#18880) CBSA Metro Statistical Area: Crestview-Fort Walton Beach-Destin, FL (#18880)
Financial Summary
Total assets: $34.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
16Total employees (full-time equivalent)
$34,464Total assets
$5,467Cash and due from depository institutions
$2,712Interest-bearing balances
$1,751Securities
$0Federal funds sold & reverse repurchase agreements
$25,465Net loans & leases
$251Loan loss allowance
$0Trading account assets
$1,432Bank premises and fixed assets
$135Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$214All other assets
$34,464Total liabilities and capital
$30,523Total liabilities
$30,396Total deposits
$27,464Interest-bearing deposits
$30,396Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$127All other liabilities
$3,941Total equity capital
$3,941Total bank equity capital
$3,941Perpetual preferred stock
$0Common stock
$900Surplus
$2,055Undivided profits
Memoranda
$986Noncurrent loans and leases
$3,086Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$102Earning assets
$0Long-term assets (5+ years)
$156Average Assets, year-to-date
$29,928Average Assets, quarterly
$2,214Volatile liabilities
$38,208Insider loans
$35,669FHLB advances
$5,918Loans and leases held for sale
$639Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,086Total unused commitments
$0Restructured Loans and leases
$251Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,915Total interest income
$1,571Total interest expense
$1,344Net interest income
$90Provision for loan and lease losses
$163Total noninterest income
$0Fiduciary activities
$134Service charges on deposit accounts
$0Trading account gains & fees
$29Additional noninterest income
$964Total noninterest expense
$468Salaries and employee benefits
$179Premises and equipment expense
$317Additional noninterest expense
$453Pre-tax net operating income
$0Securities gains (losses)
$33Applicable income taxes
$420Income before extraordinary items
$0Extraordinary gains - net
$420Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$39Sale, conversion, retirement of capital stock, net
$150Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.31%Yield on earning assets
4.48%Cost of funding earning assets
3.83%Net interest margin
0.46%Noninterest income to earning assets
2.75%Noninterest expense to earning assets
1.10%Net operating income to assets
1.10%Return on assets (ROA)
1.19%Pretax return on assets
11.13%Return on equity (ROE)
7.15%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
230.77%Credit loss provision to net charge-offs
13.92%Efficiency ratio
63,968Assets per employee
2.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.71%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
246.08%Noncurrent assets plus other real estate owned to assets
0.69%Noncurrent loans to loans
0.40%Net loans and leases to deposits
83.78%Net loans and leases to core deposits
104.03%Equity capital to assets
11.44%Core capital (leverage) ratio
11.02%Tier 1 risk-based capital ratio
14.94%Total risk-based capital ratio
Memoranda
$16Average assets
$38,208Average earning assets
$3,774Average equity
$35,084Average loans
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