FDIC Certificate #: 5672 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Florida Community Bank, National Association (#58991) Federal Reserve ID: 92630 Date Established: July 07, 1923 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 11 (Interstate: No) OTS Docket #: 15897 FDIC's unique #: 3858 Numeric code: 21 Regulator: FDIC 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: January 01, 1934 Last Structure Change Effective Date: January 29, 2010 Last Structure Change Process Date: Febuary 01, 2010 Last Data Update: Febuary 01, 2010 Data Source Date: April 05, 2012
Location
Address: 1400 North 15th Street, Immokalee, FL 34142 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: $835.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
151Total employees (full-time equivalent)
$835,701Total assets
$79,986Cash and due from depository institutions
$75,713Interest-bearing balances
$113,242Securities
$8,067Federal funds sold & reverse repurchase agreements
$497,053Net loans & leases
$55,705Loan loss allowance
$0Trading account assets
$23,854Bank premises and fixed assets
$88,341Other real estate owned
$0Goodwill and other intangibles
$91Life insurance assets
$25,158All other assets
$835,701Total liabilities and capital
$833,936Total liabilities
$776,556Total deposits
$726,799Interest-bearing deposits
$776,556Deposits held in domestic offices
99.79%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$50,000Other borrowed funds
$0Subordinated debt
$7,380All other liabilities
$1,765Total equity capital
$1,765Total bank equity capital
$1,765Perpetual preferred stock
$0Common stock
$8,330Surplus
$34,406Undivided profits
Memoranda
$-40,971Noncurrent loans and leases
$23,490Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$229,045Earning assets
$0Long-term assets (5+ years)
$2,254Average Assets, year-to-date
$694,075Average Assets, quarterly
$98,037Volatile liabilities
$909,144Insider loans
$855,587FHLB advances
$31,365Loans and leases held for sale
$2,120Unused loan commitments
$50,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$23,490Total unused commitments
$2,784Restructured Loans and leases
$1,889Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$30,423Total interest income
$28,817Total interest expense
$1,606Net interest income
$41,230Provision for loan and lease losses
$1,879Total noninterest income
$0Fiduciary activities
$1,513Service charges on deposit accounts
$0Trading account gains & fees
$366Additional noninterest income
$28,730Total noninterest expense
$9,642Salaries and employee benefits
$3,842Premises and equipment expense
$15,246Additional noninterest expense
-$66,475Pre-tax net operating income
$3,124Securities gains (losses)
-$14,500Applicable income taxes
-$48,851Income before extraordinary items
$0Extraordinary gains - net
-$48,851Net income attributable to bank
$0Net charge-offs
-$48,851Cash dividends
$21,915Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.97%Yield on earning assets
3.76%Cost of funding earning assets
0.21%Net interest margin
0.24%Noninterest income to earning assets
3.75%Noninterest expense to earning assets
-5.64%Net operating income to assets
-5.37%Return on assets (ROA)
-6.97%Pretax return on assets
-156.63%Return on equity (ROE)
-156.63%Retained earnings to average equity (YTD only)
3.76%Net charge-offs to loans
188.14%Credit loss provision to net charge-offs
-1.15%Efficiency ratio
824,390Assets per employee
5.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
10.08%Loss allowance to noncurrent loans
24.32%Noncurrent assets plus other real estate owned to assets
37.98%Noncurrent loans to loans
41.44%Net loans and leases to deposits
64.01%Net loans and leases to core deposits
66.70%Equity capital to assets
0.21%Core capital (leverage) ratio
0.22%Tier 1 risk-based capital ratio
0.30%Total risk-based capital ratio
Memoranda
$1Average assets
$909,144Average earning assets
$31,188Average equity
$767,017Average loans
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