FDIC Certificate #: 19822 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:EverBank (#34775) Federal Reserve ID: 863830 Date Established: May 27, 1968 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 12770 FDIC's unique #: 13615 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: May 27, 1968 Last Structure Change Effective Date: January 02, 2001 Last Structure Change Process Date: January 12, 2001 Last Data Update: January 12, 2001 Data Source Date: April 05, 2012
Location
Address: 300 West Adams Street, Jacksonville, FL 32202 County: Duval 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 Metropolitan Statistical Area (MSA): Jacksonville, FL (#3600) Core Based Statistical Area (CBSA): Jacksonville, FL (#27260) CBSA Metro Statistical Area: Jacksonville, FL (#27260)
Financial Summary
Total assets: $90.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
38Total employees (full-time equivalent)
$90,376Total assets
$4,440Cash and due from depository institutions
$0Interest-bearing balances
$15,180Securities
$1,725Federal funds sold & reverse repurchase agreements
$66,779Net loans & leases
$720Loan loss allowance
$0Trading account assets
$700Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,552All other assets
$90,376Total liabilities and capital
$82,725Total liabilities
$77,306Total deposits
$56,862Interest-bearing deposits
$77,306Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$419All other liabilities
$7,651Total equity capital
$7,651Total bank equity capital
$7,651Perpetual preferred stock
$0Common stock
$1,646Surplus
$3,357Undivided profits
Memoranda
$2,648Noncurrent loans and leases
$22,188Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$575Earning assets
$0Long-term assets (5+ years)
$461Average Assets, year-to-date
$83,684Average Assets, quarterly
$10,835Volatile liabilities
$88,356Insider loans
$90,968FHLB advances
$9,472Loans and leases held for sale
$439Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,632Total risk weighted assets
$22,188Total unused commitments
$0Restructured Loans and leases
$720Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$7,196Total interest income
$2,970Total interest expense
$4,226Net interest income
$397Provision for loan and lease losses
$1,114Total noninterest income
$0Fiduciary activities
$492Service charges on deposit accounts
$0Trading account gains & fees
$622Additional noninterest income
$3,931Total noninterest expense
$2,268Salaries and employee benefits
$848Premises and equipment expense
$815Additional noninterest expense
$1,012Pre-tax net operating income
-$89Securities gains (losses)
$270Applicable income taxes
$653Income before extraordinary items
$0Extraordinary gains - net
$653Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$223Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.75%Yield on earning assets
3.61%Cost of funding earning assets
5.14%Net interest margin
1.36%Noninterest income to earning assets
4.78%Noninterest expense to earning assets
0.81%Net operating income to assets
0.74%Return on assets (ROA)
1.04%Pretax return on assets
9.17%Return on equity (ROE)
9.17%Retained earnings to average equity (YTD only)
0.34%Net charge-offs to loans
178.03%Credit loss provision to net charge-offs
6.32%Efficiency ratio
73,614Assets per employee
2.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
125.22%Noncurrent assets plus other real estate owned to assets
0.64%Noncurrent loans to loans
0.85%Net loans and leases to deposits
86.38%Net loans and leases to core deposits
98.44%Equity capital to assets
8.47%Core capital (leverage) ratio
8.40%Tier 1 risk-based capital ratio
11.28%Total risk-based capital ratio
Memoranda
$12Average assets
$88,356Average earning assets
$7,119Average equity
$82,212Average loans
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