FDIC Certificate #: 18752 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Florida Community Bank (#5672) Federal Reserve ID: 869430 Date Established: April 23, 1963 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 12618 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: April 23, 1963 Last Structure Change Effective Date: Febuary 20, 1998 Last Structure Change Process Date: March 11, 1998 Last Data Update: March 11, 1998 Data Source Date: April 05, 2012
Location
Address: Bridge Street, La Belle, FL 33935 County: Hendry 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 Core Based Statistical Area (CBSA): Clewiston, FL (#17500) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $84.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
31Total employees (full-time equivalent)
$84,140Total assets
$3,741Cash and due from depository institutions
$0Interest-bearing balances
$29,801Securities
$1,930Federal funds sold & reverse repurchase agreements
$43,801Net loans & leases
$1,361Loan loss allowance
$0Trading account assets
$630Bank premises and fixed assets
$1,311Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,926All other assets
$84,140Total liabilities and capital
$76,838Total liabilities
$76,005Total deposits
$65,849Interest-bearing deposits
$76,005Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$833All other liabilities
$7,302Total equity capital
$7,302Total bank equity capital
$7,302Perpetual preferred stock
$0Common stock
$210Surplus
$2,000Undivided profits
Memoranda
$5,092Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,492Earning assets
$195Long-term assets (5+ years)
$412Average Assets, year-to-date
$75,532Average Assets, quarterly
$2,640Volatile liabilities
$79,116Insider loans
$78,589FHLB advances
$13,738Loans and leases held for sale
$2,671Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,042Total unused commitments
$0Restructured Loans and leases
$52,406Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$5,545Total interest income
$2,697Total interest expense
$2,848Net interest income
$425Provision for loan and lease losses
$380Total noninterest income
$0Fiduciary activities
$193Service charges on deposit accounts
$0Trading account gains & fees
$187Additional noninterest income
$2,960Total noninterest expense
$1,100Salaries and employee benefits
$310Premises and equipment expense
$1,550Additional noninterest expense
-$157Pre-tax net operating income
$12Securities gains (losses)
-$56Applicable income taxes
-$89Income before extraordinary items
$0Extraordinary gains - net
-$89Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$511Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.77%Yield on earning assets
3.78%Cost of funding earning assets
3.99%Net interest margin
0.53%Noninterest income to earning assets
4.15%Noninterest expense to earning assets
-0.12%Net operating income to assets
-0.11%Return on assets (ROA)
-0.18%Pretax return on assets
-1.20%Return on equity (ROE)
-1.20%Retained earnings to average equity (YTD only)
1.28%Net charge-offs to loans
83.17%Credit loss provision to net charge-offs
0.52%Efficiency ratio
91,698Assets per employee
2.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.01%Loss allowance to noncurrent loans
91.22%Noncurrent assets plus other real estate owned to assets
3.33%Noncurrent loans to loans
3.30%Net loans and leases to deposits
57.63%Net loans and leases to core deposits
70.34%Equity capital to assets
8.68%Core capital (leverage) ratio
7.75%Tier 1 risk-based capital ratio
11.13%Total risk-based capital ratio
Memoranda
$12Average assets
$79,116Average earning assets
$7,402Average equity
$71,379Average loans
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