Florida Bank of Commerce in Palm Harbor, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 16, 2002

  • Florida Bank of Commerce in Palm Harbor, Florida (FL)
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Florida Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 20358
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Southern Exchange Bank (#1342)
    Federal Reserve ID: 410337
    Date Established: Febuary 04, 1971
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 15505
    FDIC's unique #: 14021
    Numeric code: 21
    Regulator: FDIC
    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: Febuary 04, 1971
    Last Structure Change Effective Date: Febuary 16, 2002
    Last Structure Change Process Date: March 07, 2002
    Last Data Update: March 07, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1027 Nebraska Avenue, Palm Harbor, FL 34683
    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: $63.6 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, 2001)

  • Dollar figures in thousands
  • 21Total employees (full-time equivalent)
  • $63,554Total assets
  • $3,902Cash and due from depository institutions
  • $1,230Interest-bearing balances
  • $7,707Securities
  • $11,955Federal funds sold & reverse repurchase agreements
  • $38,359Net loans & leases
  • $476Loan loss allowance
  • $0Trading account assets
  • $991Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $640All other assets
  • $63,554Total liabilities and capital
  • $59,335Total liabilities
  • $57,803Total deposits
  • $51,320Interest-bearing deposits
  • $57,803Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,430Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $102All other liabilities
  • $4,219Total equity capital
  • $4,219Total bank equity capital
  • $4,219Perpetual preferred stock
  • $0Common stock
  • $669Surplus
  • $1,818Undivided profits
  • Memoranda
  • $1,732Noncurrent loans and leases
  • $3,452Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $296Earning assets
  • $80Long-term assets (5+ years)
  • $316Average Assets, year-to-date
  • $59,251Average Assets, quarterly
  • $3,325Volatile liabilities
  • $57,533Insider loans
  • $60,765FHLB advances
  • $7,696Loans and leases held for sale
  • $651Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,452Total unused commitments
  • $0Restructured Loans and leases
  • $476Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $4,006Total interest income
  • $2,266Total interest expense
  • $1,740Net interest income
  • $30Provision for loan and lease losses
  • $276Total noninterest income
  • $0Fiduciary activities
  • $182Service charges on deposit accounts
  • $0Trading account gains & fees
  • $94Additional noninterest income
  • $1,603Total noninterest expense
  • $838Salaries and employee benefits
  • $268Premises and equipment expense
  • $497Additional noninterest expense
  • $383Pre-tax net operating income
  • $0Securities gains (losses)
  • $144Applicable income taxes
  • $239Income before extraordinary items
  • $0Extraordinary gains - net
  • $239Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$23Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.52%Yield on earning assets
  • 4.26%Cost of funding earning assets
  • 3.27%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.67%Pretax return on assets
  • 5.75%Return on equity (ROE)
  • 5.75%Retained earnings to average equity (YTD only)
  • -0.06%Net charge-offs to loans
  • -130.43%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 79,514Assets per employee
  • 3.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 160.81%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.76%Net loans and leases to deposits
  • 66.36%Net loans and leases to core deposits
  • 74.43%Equity capital to assets
  • 6.64%Core capital (leverage) ratio
  • 6.96%Tier 1 risk-based capital ratio
  • 10.80%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $57,533Average earning assets
  • $4,153Average equity
  • $53,240Average loans

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