FDIC Certificate #: 32392 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Gold Bank (#27501) Federal Reserve ID: 795977 Date Established: October 21, 1985 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 8216 FDIC's unique #: 45226 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: October 21, 1985 Last Structure Change Effective Date: March 23, 1998 Last Structure Change Process Date: April 08, 1998 Last Data Update: April 08, 1998 Data Source Date: April 05, 2012
Location
Address: 1777 Tamiami Trail, Murdock, FL 33938 County: Charlotte 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): Punta Gorda, FL (#6580) Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494) Core Based Statistical Area (CBSA): Punta Gorda, FL (#39460) CBSA Metro Statistical Area: Punta Gorda, FL (#39460)
Financial Summary
Total assets: $63.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
30Total employees (full-time equivalent)
$63,920Total assets
$3,208Cash and due from depository institutions
$1,870Interest-bearing balances
$18,679Securities
$0Federal funds sold & reverse repurchase agreements
$40,799Net loans & leases
$930Loan loss allowance
$0Trading account assets
$207Bank premises and fixed assets
$50Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$977All other assets
$63,920Total liabilities and capital
$58,840Total liabilities
$58,367Total deposits
$54,012Interest-bearing deposits
$58,367Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$473All other liabilities
$5,080Total equity capital
$5,080Total bank equity capital
$5,080Perpetual preferred stock
$0Common stock
$3,850Surplus
$702Undivided profits
Memoranda
$528Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$549Earning assets
$0Long-term assets (5+ years)
$256Average Assets, year-to-date
$61,348Average Assets, quarterly
$27,939Volatile liabilities
$62,686Insider loans
$63,352FHLB advances
$3,602Loans and leases held for sale
$295Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,270Total unused commitments
$0Restructured Loans and leases
$33,046Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,946Total interest income
$2,497Total interest expense
$2,449Net interest income
$171Provision for loan and lease losses
$435Total noninterest income
$0Fiduciary activities
$375Service charges on deposit accounts
$0Trading account gains & fees
$60Additional noninterest income
$2,153Total noninterest expense
$791Salaries and employee benefits
$424Premises and equipment expense
$938Additional noninterest expense
$560Pre-tax net operating income
-$3Securities gains (losses)
$268Applicable income taxes
$289Income before extraordinary items
$0Extraordinary gains - net
$289Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.26%Yield on earning assets
4.17%Cost of funding earning assets
4.09%Net interest margin
0.73%Noninterest income to earning assets
3.60%Noninterest expense to earning assets
0.46%Net operating income to assets
0.46%Return on assets (ROA)
0.89%Pretax return on assets
5.86%Return on equity (ROE)
5.86%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
8550.00%Credit loss provision to net charge-offs
365.50%Efficiency ratio
74,653Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.23%Loss allowance to noncurrent loans
169.40%Noncurrent assets plus other real estate owned to assets
0.94%Noncurrent loans to loans
1.32%Net loans and leases to deposits
69.90%Net loans and leases to core deposits
74.50%Equity capital to assets
7.95%Core capital (leverage) ratio
7.37%Tier 1 risk-based capital ratio
14.24%Total risk-based capital ratio
Memoranda
$16Average assets
$62,686Average earning assets
$4,934Average equity
$59,851Average loans
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