FDIC Certificate #: 34798 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MERCANTIL COMMERCEBANK, NATIONAL ASSOCIATION (#22953) Federal Reserve ID: 2803232 Date Established: April 26, 1999 WWW:http://www.floridasavingsbank.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15159 FDIC's unique #: 61646 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: April 26, 1999 Last Structure Change Effective Date: May 05, 2006 Last Structure Change Process Date: June 06, 2006 Last Data Update: June 06, 2006 Data Source Date: April 05, 2012
Location
Address: 8181 S.W. 117th Street, Miami, FL 33156 County: Miami-Dade 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): Miami, FL (#5000) Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56) Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100) CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100) Core Based Statistical Division: Miami-Miami Beach-Kendall, FL (#33124)
Financial Summary
Total assets: $134.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2005)
Dollar figures in thousands
31Total employees (full-time equivalent)
$136,245Total assets
$5,635Cash and due from depository institutions
$391Interest-bearing balances
$14,315Securities
$0Federal funds sold & reverse repurchase agreements
$113,804Net loans & leases
$667Loan loss allowance
$0Trading account assets
$946Bank premises and fixed assets
$0Other real estate owned
$16Goodwill and other intangibles
$0Life insurance assets
$1,529All other assets
$136,245Total liabilities and capital
$126,403Total liabilities
$118,377Total deposits
$105,951Interest-bearing deposits
$118,377Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,477Other borrowed funds
$0Subordinated debt
$549All other liabilities
$9,842Total equity capital
$9,842Total bank equity capital
$9,842Perpetual preferred stock
$0Common stock
$640Surplus
$8,835Undivided profits
Memoranda
$367Noncurrent loans and leases
$19,816Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$111Earning assets
$0Long-term assets (5+ years)
$756Average Assets, year-to-date
$128,510Average Assets, quarterly
$0Volatile liabilities
$129,995Insider loans
$133,380FHLB advances
$69,871Loans and leases held for sale
$0Unused loan commitments
$7,477Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,816Total unused commitments
$0Restructured Loans and leases
$667Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$7,268Total interest income
$2,653Total interest expense
$4,615Net interest income
$105Provision for loan and lease losses
$956Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$956Additional noninterest income
$3,903Total noninterest expense
$1,845Salaries and employee benefits
$1,075Premises and equipment expense
$983Additional noninterest expense
$1,563Pre-tax net operating income
$0Securities gains (losses)
$603Applicable income taxes
$960Income before extraordinary items
$0Extraordinary gains - net
$960Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$25Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.92%Yield on earning assets
2.16%Cost of funding earning assets
3.76%Net interest margin
0.78%Noninterest income to earning assets
3.18%Noninterest expense to earning assets
0.74%Net operating income to assets
0.74%Return on assets (ROA)
1.20%Pretax return on assets
10.32%Return on equity (ROE)
10.32%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
420.00%Credit loss provision to net charge-offs
66.72%Efficiency ratio
69,431Assets per employee
4.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.58%Loss allowance to noncurrent loans
600.90%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.10%Net loans and leases to deposits
96.14%Net loans and leases to core deposits
203.28%Equity capital to assets
7.22%Core capital (leverage) ratio
7.43%Tier 1 risk-based capital ratio
10.39%Total risk-based capital ratio
Memoranda
$11Average assets
$129,995Average earning assets
$9,303Average equity
$122,846Average loans
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