FDIC Certificate #: 27270 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Park Avenue Bank (#19797) Federal Reserve ID: 1192733 Date Established: June 20, 1988 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) OTS Docket #: 12852 FDIC's unique #: 39406 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: June 20, 1988 Last Structure Change Effective Date: June 22, 2001 Last Structure Change Process Date: July 18, 2001 Last Data Update: July 18, 2001 Data Source Date: April 05, 2012
Location
Address: 8375 Southwest State Road 200, Ocala, FL 34481 County: Marion Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Gainesville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Ocala, FL (#5790) Core Based Statistical Area (CBSA): Ocala, FL (#36100) CBSA Metro Statistical Area: Ocala, FL (#36100)
Financial Summary
Total assets: $70.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
19Total employees (full-time equivalent)
$49,410Total assets
$1,747Cash and due from depository institutions
$221Interest-bearing balances
$12,597Securities
$10,075Federal funds sold & reverse repurchase agreements
$23,406Net loans & leases
$300Loan loss allowance
$0Trading account assets
$1,013Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$572All other assets
$49,410Total liabilities and capital
$44,941Total liabilities
$44,328Total deposits
$39,149Interest-bearing deposits
$44,328Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$613All other liabilities
$4,469Total equity capital
$4,469Total bank equity capital
$4,469Perpetual preferred stock
$0Common stock
$2,070Surplus
$837Undivided profits
Memoranda
$1,562Noncurrent loans and leases
$3,202Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$205Earning assets
$0Long-term assets (5+ years)
$154Average Assets, year-to-date
$46,299Average Assets, quarterly
$10,430Volatile liabilities
$44,344Insider loans
$48,284FHLB advances
$1,894Loans and leases held for sale
$1,634Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,202Total unused commitments
$0Restructured Loans and leases
$300Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$3,167Total interest income
$1,386Total interest expense
$1,781Net interest income
$36Provision for loan and lease losses
$258Total noninterest income
$0Fiduciary activities
$96Service charges on deposit accounts
$0Trading account gains & fees
$162Additional noninterest income
$1,593Total noninterest expense
$704Salaries and employee benefits
$344Premises and equipment expense
$545Additional noninterest expense
$410Pre-tax net operating income
-$4Securities gains (losses)
$156Applicable income taxes
$250Income before extraordinary items
$0Extraordinary gains - net
$250Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$9Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.66%Yield on earning assets
3.35%Cost of funding earning assets
4.31%Net interest margin
0.62%Noninterest income to earning assets
3.85%Noninterest expense to earning assets
0.57%Net operating income to assets
0.56%Return on assets (ROA)
0.92%Pretax return on assets
6.10%Return on equity (ROE)
6.10%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
400.00%Credit loss provision to net charge-offs
49.56%Efficiency ratio
78,127Assets per employee
2.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
146.34%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
0.86%Net loans and leases to deposits
52.80%Net loans and leases to core deposits
55.16%Equity capital to assets
9.04%Core capital (leverage) ratio
9.31%Tier 1 risk-based capital ratio
16.92%Total risk-based capital ratio
Memoranda
$18Average assets
$44,344Average earning assets
$4,096Average equity
$41,333Average loans
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