FDIC Certificate #: 22517 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Compass Bank (#19048) Federal Reserve ID: 329233 Date Established: September 01, 1977 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) OTS Docket #: 13577 FDIC's unique #: 15705 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: September 01, 1977 Last Structure Change Effective Date: January 16, 1998 Last Structure Change Process Date: Febuary 09, 1998 Last Data Update: Febuary 09, 1998 Data Source Date: April 05, 2012
Location
Address: S.W. 34th Street & Windmeadows Blvd., Gainesville, FL 32608 County: Alachua 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): Gainesville, FL (#2900) Core Based Statistical Area (CBSA): Gainesville, FL (#23540) CBSA Metro Statistical Area: Gainesville, FL (#23540)
Financial Summary
Total assets: $208.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
103Total employees (full-time equivalent)
$208,905Total assets
$11,036Cash and due from depository institutions
$764Interest-bearing balances
$102,123Securities
$5,238Federal funds sold & reverse repurchase agreements
$83,291Net loans & leases
$1,609Loan loss allowance
$0Trading account assets
$3,925Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,292All other assets
$208,905Total liabilities and capital
$190,158Total liabilities
$181,704Total deposits
$136,432Interest-bearing deposits
$181,704Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,983Other borrowed funds
$0Subordinated debt
$1,471All other liabilities
$18,747Total equity capital
$18,747Total bank equity capital
$18,747Perpetual preferred stock
$0Common stock
$800Surplus
$3,800Undivided profits
Memoranda
$14,147Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,889Earning assets
$164Long-term assets (5+ years)
$688Average Assets, year-to-date
$191,416Average Assets, quarterly
$31,764Volatile liabilities
$203,430Insider loans
$209,723FHLB advances
$19,178Loans and leases held for sale
$12,293Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,423Total unused commitments
$0Restructured Loans and leases
$118,769Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$13,491Total interest income
$5,585Total interest expense
$7,906Net interest income
$791Provision for loan and lease losses
$2,904Total noninterest income
$0Fiduciary activities
$2,044Service charges on deposit accounts
$0Trading account gains & fees
$860Additional noninterest income
$7,227Total noninterest expense
$3,170Salaries and employee benefits
$1,260Premises and equipment expense
$2,797Additional noninterest expense
$2,792Pre-tax net operating income
$0Securities gains (losses)
$816Applicable income taxes
$1,976Income before extraordinary items
$0Extraordinary gains - net
$1,976Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$83Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.28%Yield on earning assets
3.01%Cost of funding earning assets
4.26%Net interest margin
1.57%Noninterest income to earning assets
3.90%Noninterest expense to earning assets
0.97%Net operating income to assets
0.97%Return on assets (ROA)
1.37%Pretax return on assets
11.06%Return on equity (ROE)
11.06%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
953.01%Credit loss provision to net charge-offs
43.17%Efficiency ratio
66,855Assets per employee
2.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.90%Loss allowance to noncurrent loans
85.18%Noncurrent assets plus other real estate owned to assets
0.90%Noncurrent loans to loans
2.22%Net loans and leases to deposits
45.84%Net loans and leases to core deposits
51.25%Equity capital to assets
8.97%Core capital (leverage) ratio
8.80%Tier 1 risk-based capital ratio
15.62%Total risk-based capital ratio
Memoranda
$17Average assets
$203,430Average earning assets
$17,859Average equity
$185,426Average loans
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