FDIC Certificate #: 34949 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Old Florida Bank (#34801) Federal Reserve ID: 2776103 Date Established: October 12, 1999 WWW:http://www.marinenationalbank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 62123 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: October 12, 1999 Last Structure Change Effective Date: August 15, 2003 Last Structure Change Process Date: September 26, 2003 Last Data Update: September 26, 2003 Data Source Date: April 05, 2012
Location
Address: 2325 Vanderbilt Beach Road, Naples, FL 34109 County: Collier 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): Naples, FL (#5345) Core Based Statistical Area (CBSA): Naples-Marco Island, FL (#34940) CBSA Metro Statistical Area: Naples-Marco Island, FL (#34940)
Financial Summary
Total assets: $55.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2002)
Dollar figures in thousands
23Total employees (full-time equivalent)
$62,743Total assets
$3,196Cash and due from depository institutions
$2,455Interest-bearing balances
$19,053Securities
$2,376Federal funds sold & reverse repurchase agreements
$32,753Net loans & leases
$566Loan loss allowance
$0Trading account assets
$4,470Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$895All other assets
$62,743Total liabilities and capital
$56,185Total liabilities
$50,482Total deposits
$48,533Interest-bearing deposits
$50,482Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,800Other borrowed funds
$0Subordinated debt
$903All other liabilities
$6,558Total equity capital
$6,558Total bank equity capital
$6,558Perpetual preferred stock
$0Common stock
$900Surplus
$8,600Undivided profits
Memoranda
$-2,942Noncurrent loans and leases
$8,048Noncurrent 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)
$247Average Assets, year-to-date
$56,637Average Assets, quarterly
$15,092Volatile liabilities
$62,236Insider loans
$63,847FHLB advances
$14,826Loans and leases held for sale
$1,195Unused loan commitments
$4,800Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,048Total unused commitments
$0Restructured Loans and leases
$514Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$3,633Total interest income
$2,007Total interest expense
$1,626Net interest income
$308Provision for loan and lease losses
$178Total noninterest income
$0Fiduciary activities
$39Service charges on deposit accounts
$0Trading account gains & fees
$139Additional noninterest income
$1,946Total noninterest expense
$1,039Salaries and employee benefits
$274Premises and equipment expense
$633Additional noninterest expense
-$450Pre-tax net operating income
$23Securities gains (losses)
$0Applicable income taxes
-$427Income before extraordinary items
$0Extraordinary gains - net
-$427Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.49%Yield on earning assets
3.58%Cost of funding earning assets
2.90%Net interest margin
0.32%Noninterest income to earning assets
3.48%Noninterest expense to earning assets
-0.72%Net operating income to assets
-0.69%Return on assets (ROA)
-0.69%Pretax return on assets
-6.42%Return on equity (ROE)
-6.42%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
10266.67%Credit loss provision to net charge-offs
-47.33%Efficiency ratio
107,871Assets per employee
2.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.70%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
64.88%Net loans and leases to core deposits
86.98%Equity capital to assets
10.45%Core capital (leverage) ratio
10.31%Tier 1 risk-based capital ratio
15.60%Total risk-based capital ratio
Memoranda
$17Average assets
$62,236Average earning assets
$6,649Average equity
$55,998Average loans
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