FDIC Certificate #: 35061 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Bank of the Ozarks (#110) Federal Reserve ID: 2738857 Date Established: October 25, 1999 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 74365 Numeric code: 13 Regulator: FED 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: October 25, 1999 Last Structure Change Effective Date: September 10, 2010 Last Structure Change Process Date: September 14, 2010 Last Data Update: September 14, 2010 Data Source Date: April 05, 2012
Location
Address: 900 53rd Avenue East, Bradenton, FL 34203 County: Manatee Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Tampa Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Sarasota-Bradenton, FL (#7510) Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494) Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840) CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
Financial Summary
Total assets: $187.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
42Total employees (full-time equivalent)
$199,331Total assets
$9,719Cash and due from depository institutions
$6,694Interest-bearing balances
$22,685Securities
$0Federal funds sold & reverse repurchase agreements
$152,390Net loans & leases
$4,731Loan loss allowance
$0Trading account assets
$3,699Bank premises and fixed assets
$2,580Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,258All other assets
$199,331Total liabilities and capital
$192,626Total liabilities
$174,577Total deposits
$164,890Interest-bearing deposits
$174,577Deposits held in domestic offices
93.20%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$18,000Other borrowed funds
$0Subordinated debt
$49All other liabilities
$6,705Total equity capital
$6,705Total bank equity capital
$6,705Perpetual preferred stock
$0Common stock
$2,640Surplus
$6,883Undivided profits
Memoranda
$-2,818Noncurrent loans and leases
$4,779Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$15,685Earning assets
$0Long-term assets (5+ years)
$1,146Average Assets, year-to-date
$181,769Average Assets, quarterly
$44,017Volatile liabilities
$208,932Insider loans
$203,579FHLB advances
$25,907Loans and leases held for sale
$7,935Unused loan commitments
$18,000Tier 1 (core) risk-based capital
$20,000Tier 2 risk-based capital
$1,262Total risk weighted assets
$4,779Total unused commitments
$0Restructured Loans and leases
$1,876Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$11,753Total interest income
$5,729Total interest expense
$6,024Net interest income
$11,197Provision for loan and lease losses
$1,228Total noninterest income
$0Fiduciary activities
$76Service charges on deposit accounts
$0Trading account gains & fees
$1,152Additional noninterest income
$5,575Total noninterest expense
$2,387Salaries and employee benefits
$949Premises and equipment expense
$2,239Additional noninterest expense
-$9,520Pre-tax net operating income
-$2,095Securities gains (losses)
-$3,582Applicable income taxes
-$8,033Income before extraordinary items
$0Extraordinary gains - net
-$8,033Net income attributable to bank
$0Net charge-offs
-$8,033Cash dividends
$7,969Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.03%Yield on earning assets
2.94%Cost of funding earning assets
3.09%Net interest margin
0.63%Noninterest income to earning assets
2.86%Noninterest expense to earning assets
-3.15%Net operating income to assets
-3.84%Return on assets (ROA)
-5.56%Pretax return on assets
-79.31%Return on equity (ROE)
-79.31%Retained earnings to average equity (YTD only)
4.80%Net charge-offs to loans
140.51%Credit loss provision to net charge-offs
0.21%Efficiency ratio
76,875Assets per employee
4.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.01%Loss allowance to noncurrent loans
30.16%Noncurrent assets plus other real estate owned to assets
9.16%Noncurrent loans to loans
9.98%Net loans and leases to deposits
87.29%Net loans and leases to core deposits
102.50%Equity capital to assets
3.36%Core capital (leverage) ratio
2.62%Tier 1 risk-based capital ratio
3.64%Total risk-based capital ratio
Memoranda
$5Average assets
$208,932Average earning assets
$10,129Average equity
$195,062Average loans
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