Hancock Bank of Florida in city_name, state_name - Detailed Financial Reports, Location

Hancock Bank of Florida in Tallahassee, Florida (FL)
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Hancock Bank of Florida - Overview

General
FDIC Certificate #: 57819
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Hancock Bank (#12441)
Federal Reserve ID: 3249770
Date Established: March 12, 2004
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
FDIC's unique #: 426578
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: March 12, 2004
Last Structure Change Effective Date: January 01, 2010
Last Structure Change Process Date: January 21, 2010
Last Data Update: January 21, 2010
Data Source Date: April 05, 2012
Location
Address: 101 North Monroe Street, Tallahassee, FL 32301
County: Leon
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Dallas
FDIC Field Office: Gainesville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Tallahassee, FL (#8240)
Core Based Statistical Area (CBSA): Tallahassee, FL (#45220)
CBSA Metro Statistical Area: Tallahassee, FL (#45220)
Financial Summary
Total assets: $355.2 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
54Total employees (full-time equivalent)
$355,231Total assets
$2,511Cash and due from depository institutions
$451Interest-bearing balances
$61,986Securities
$27,725Federal funds sold & reverse repurchase agreements
$227,763Net loans & leases
$5,868Loan loss allowance
$0Trading account assets
$8,912Bank premises and fixed assets
$192Other real estate owned
$11,775Goodwill and other intangibles
$7,354Life insurance assets
$14,367All other assets
$355,231Total liabilities and capital
$302,479Total liabilities
$297,649Total deposits
$278,487Interest-bearing deposits
$297,649Deposits held in domestic offices
52.07%% insured (estimated)
$614Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4,216All other liabilities
$52,752Total equity capital
$52,752Total bank equity capital
$52,752Perpetual preferred stock
$0Common stock
$2,500Surplus
$54,132Undivided profits
Memoranda
$-3,880Noncurrent loans and leases
$49,623Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,077Earning assets
$0Long-term assets (5+ years)
$1,541Average Assets, year-to-date
$317,925Average Assets, quarterly
$66,146Volatile liabilities
$436,706Insider loans
$421,773FHLB advances
$54,817Loans and leases held for sale
$1,673Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,672Total risk weighted assets
$49,623Total unused commitments
$0Restructured Loans and leases
$3,441Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$16,338Total interest income
$5,042Total interest expense
$11,296Net interest income
$7,780Provision for loan and lease losses
$1,664Total noninterest income
$64Fiduciary activities
$783Service charges on deposit accounts
$0Trading account gains & fees
$817Additional noninterest income
$8,194Total noninterest expense
$3,721Salaries and employee benefits
$1,255Premises and equipment expense
$3,218Additional noninterest expense
-$3,014Pre-tax net operating income
$0Securities gains (losses)
-$2,281Applicable income taxes
-$733Income before extraordinary items
$0Extraordinary gains - net
-$733Net income attributable to bank
$0Net charge-offs
-$733Cash dividends
$4,941Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.09%Yield on earning assets
1.26%Cost of funding earning assets
2.83%Net interest margin
0.42%Noninterest income to earning assets
2.05%Noninterest expense to earning assets
-0.17%Net operating income to assets
-0.17%Return on assets (ROA)
-0.69%Pretax return on assets
-1.39%Return on equity (ROE)
-1.39%Retained earnings to average equity (YTD only)
2.19%Net charge-offs to loans
157.46%Credit loss provision to net charge-offs
0.96%Efficiency ratio
62,384Assets per employee
6.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.51%Loss allowance to noncurrent loans
82.92%Noncurrent assets plus other real estate owned to assets
2.05%Noncurrent loans to loans
3.03%Net loans and leases to deposits
76.52%Net loans and leases to core deposits
93.56%Equity capital to assets
14.85%Core capital (leverage) ratio
10.38%Tier 1 risk-based capital ratio
14.85%Total risk-based capital ratio
Memoranda
$16Average assets
$436,706Average earning assets
$52,551Average equity
$399,400Average loans

Total Fiduciary and Related Assets (December 31, 2009)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$1,404Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
4Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,404Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

Hancock Bank of Florida in Tallahassee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Hancock Bank of Florida - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

Hancock Bank of Florida in Tallahassee, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

Hancock Bank of Florida - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

Hancock Bank of Florida in Tallahassee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches