FDIC Certificate #: 20317 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BRANNEN BANK (#5676) Federal Reserve ID: 790235 Date Established: December 15, 1970 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 12929 FDIC's unique #: 13989 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: December 15, 1970 Last Structure Change Effective Date: Febuary 01, 2008 Last Structure Change Process Date: Febuary 28, 2008 Last Data Update: Febuary 28, 2008 Data Source Date: April 05, 2012
Location
Address: 4325 South Suncoast Boulevard, Homosassa, FL 34446 County: Citrus 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 Core Based Statistical Area (CBSA): Homosassa Springs, FL (#26140) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $61.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
16Total employees (full-time equivalent)
$61,114Total assets
$1,350Cash and due from depository institutions
$157Interest-bearing balances
$8,676Securities
$103Federal funds sold & reverse repurchase agreements
$49,016Net loans & leases
$241Loan loss allowance
$0Trading account assets
$260Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,709All other assets
$61,114Total liabilities and capital
$56,978Total liabilities
$50,914Total deposits
$42,564Interest-bearing deposits
$50,914Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$64All other liabilities
$4,136Total equity capital
$4,136Total bank equity capital
$4,136Perpetual preferred stock
$0Common stock
$326Surplus
$3,413Undivided profits
Memoranda
$397Noncurrent loans and leases
$1,753Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$138Earning assets
$0Long-term assets (5+ years)
$117Average Assets, year-to-date
$57,952Average Assets, quarterly
$34,687Volatile liabilities
$62,159Insider loans
$61,582FHLB advances
$7,024Loans and leases held for sale
$721Unused loan commitments
$6,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,753Total unused commitments
$0Restructured Loans and leases
$241Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$3,466Total interest income
$1,238Total interest expense
$2,228Net interest income
$9Provision for loan and lease losses
$460Total noninterest income
$0Fiduciary activities
$372Service charges on deposit accounts
$0Trading account gains & fees
$88Additional noninterest income
$1,766Total noninterest expense
$742Salaries and employee benefits
$97Premises and equipment expense
$927Additional noninterest expense
$913Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$913Income before extraordinary items
$0Extraordinary gains - net
$913Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$930Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.89%Yield on earning assets
2.11%Cost of funding earning assets
3.79%Net interest margin
0.78%Noninterest income to earning assets
3.00%Noninterest expense to earning assets
1.47%Net operating income to assets
1.47%Return on assets (ROA)
1.47%Pretax return on assets
22.59%Return on equity (ROE)
-0.42%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
65,699Assets per employee
3.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
101.86%Loss allowance to loans
0.49%Loss allowance to noncurrent loans
174.64%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.28%Net loans and leases to deposits
96.27%Net loans and leases to core deposits
111.68%Equity capital to assets
6.77%Core capital (leverage) ratio
6.42%Tier 1 risk-based capital ratio
12.29%Total risk-based capital ratio
Memoranda
$13Average assets
$62,159Average earning assets
$4,042Average equity
$58,807Average loans
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