IronStone Bank in Fort Myers, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 07, 2011

  • IronStone Bank in Fort Myers, Florida (FL)
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IronStone Bank - Overview

  • General
  • FDIC Certificate #: 34340
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First-Citizens Bank & Trust Company (#11063)
    Federal Reserve ID: 2510192
    Date Established: April 28, 1997
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 13666
    FDIC's unique #: 57099
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: April 28, 1997
    Last Structure Change Effective Date: January 07, 2011
    Last Structure Change Process Date: January 19, 2011
    Last Data Update: January 19, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 13525 Bell Tower Dr, Fort Myers, FL 33907
    County: Lee
    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
    Metropolitan Statistical Area (MSA): Fort Myers-Cape Coral, FL (#2700)
    Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980)
    CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $2,748.7 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, 2010)

  • Dollar figures in thousands
  • 455Total employees (full-time equivalent)
  • $2,748,725Total assets
  • $156,744Cash and due from depository institutions
  • $133,518Interest-bearing balances
  • $128,580Securities
  • $8,590Federal funds sold & reverse repurchase agreements
  • $2,236,753Net loans & leases
  • $43,125Loan loss allowance
  • $0Trading account assets
  • $142,111Bank premises and fixed assets
  • $14,946Other real estate owned
  • $793Goodwill and other intangibles
  • $0Life insurance assets
  • $60,208All other assets
  • $2,748,725Total liabilities and capital
  • $2,425,256Total liabilities
  • $2,143,125Total deposits
  • $1,919,915Interest-bearing deposits
  • $2,143,125Deposits held in domestic offices
  • 58.95%% insured (estimated)
  • $21,829Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $251,716Other borrowed funds
  • $0Subordinated debt
  • $8,586All other liabilities
  • $323,469Total equity capital
  • $323,469Total bank equity capital
  • $323,469Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $402,750Undivided profits
  • Memoranda
  • $-80,781Noncurrent loans and leases
  • $390,058Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $45,286Earning assets
  • $0Long-term assets (5+ years)
  • $7,111Average Assets, year-to-date
  • $2,507,441Average Assets, quarterly
  • $0Volatile liabilities
  • $2,749,109Insider loans
  • $2,777,109FHLB advances
  • $843,778Loans and leases held for sale
  • $0Unused loan commitments
  • $250,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $390,058Total unused commitments
  • $48,032Restructured Loans and leases
  • $43,817Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $134,982Total interest income
  • $40,587Total interest expense
  • $94,395Net interest income
  • $18,535Provision for loan and lease losses
  • $14,389Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14,389Additional noninterest income
  • $89,289Total noninterest expense
  • $40,789Salaries and employee benefits
  • $28,592Premises and equipment expense
  • $19,908Additional noninterest expense
  • $960Pre-tax net operating income
  • $1,523Securities gains (losses)
  • -$25Applicable income taxes
  • $2,508Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,508Net income attributable to bank
  • $0Net charge-offs
  • $2,508Cash dividends
  • $17,086Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.43%Yield on earning assets
  • 1.63%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.59%Noninterest expense to earning assets
  • 0.04%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.09%Pretax return on assets
  • 0.79%Return on equity (ROE)
  • 0.79%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 108.48%Credit loss provision to net charge-offs
  • 1.14%Efficiency ratio
  • 82,079Assets per employee
  • 6.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 95.23%Noncurrent assets plus other real estate owned to assets
  • 2.19%Noncurrent loans to loans
  • 1.99%Net loans and leases to deposits
  • 104.37%Net loans and leases to core deposits
  • 142.21%Equity capital to assets
  • 11.77%Core capital (leverage) ratio
  • 11.69%Tier 1 risk-based capital ratio
  • 13.07%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $2,749,109Average earning assets
  • $317,108Average equity
  • $2,485,383Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $935Managed Assets
  • 1Number of Accounts
  • $935Personal trust and agency accounts
  • $935Employee 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
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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