Liberty Bank in Clearwater, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2008

Liberty Bank in Clearwater, Florida (FL)
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Liberty Bank - Overview

General
FDIC Certificate #: 57912
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: USAmeriBank (#58427)
Federal Reserve ID: 3329663
Date Established: Febuary 22, 2005
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 430464
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: Febuary 22, 2005
Last Structure Change Effective Date: December 31, 2008
Last Structure Change Process Date: January 13, 2009
Last Data Update: January 13, 2009
Data Source Date: April 05, 2012
Location
Address: 1617 Gulf-To-bay Blvd, Clearwater, FL 33755
County: Pinellas
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): Tampa-St. Petersburg-Clearwater, FL (#8280)
Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
Financial Summary
Total assets: $89.7 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
18Total employees (full-time equivalent)
$95,604Total assets
$1,605Cash and due from depository institutions
$160Interest-bearing balances
$10,542Securities
$22,966Federal funds sold & reverse repurchase agreements
$56,292Net loans & leases
$735Loan loss allowance
$0Trading account assets
$3,660Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$539All other assets
$95,604Total liabilities and capital
$83,123Total liabilities
$80,254Total deposits
$61,447Interest-bearing deposits
$80,254Deposits held in domestic offices
0.00%% insured (estimated)
$2,765Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$104All other liabilities
$12,481Total equity capital
$12,481Total bank equity capital
$12,481Perpetual preferred stock
$0Common stock
$6,625Surplus
$6,727Undivided profits
Memoranda
$-871Noncurrent loans and leases
$10,315Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$319Average Assets, year-to-date
$89,960Average Assets, quarterly
$3,004Volatile liabilities
$87,382Insider loans
$88,974FHLB advances
$13,739Loans and leases held for sale
$7,746Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,315Total unused commitments
$0Restructured Loans and leases
$735Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$5,130Total interest income
$2,419Total interest expense
$2,711Net interest income
$25Provision for loan and lease losses
$155Total noninterest income
$0Fiduciary activities
$42Service charges on deposit accounts
$0Trading account gains & fees
$113Additional noninterest income
$2,579Total noninterest expense
$1,475Salaries and employee benefits
$408Premises and equipment expense
$696Additional noninterest expense
$262Pre-tax net operating income
$22Securities gains (losses)
$0Applicable income taxes
$284Income before extraordinary items
$0Extraordinary gains - net
$284Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.29%Yield on earning assets
2.97%Cost of funding earning assets
3.32%Net interest margin
0.19%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
0.30%Net operating income to assets
0.33%Return on assets (ROA)
0.33%Pretax return on assets
2.32%Return on equity (ROE)
2.32%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
89,986Assets per employee
5.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
70.14%Net loans and leases to core deposits
81.25%Equity capital to assets
13.05%Core capital (leverage) ratio
15.23%Tier 1 risk-based capital ratio
17.93%Total risk-based capital ratio
Memoranda
$19Average assets
$87,382Average earning assets
$12,218Average equity
$81,576Average loans

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