FDIC Certificate #: 34801 Status: Inactive Closing history: Office Sold Acquiring institution:Citizens State Bank (#19753) Federal Reserve ID: 2729314 Date Established: September 10, 1998 WWW:http://www.oldflbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) FDIC's unique #: 61649 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: September 10, 1998 Last Structure Change Effective Date: April 24, 2007 Last Structure Change Process Date: May 21, 2007 Last Data Update: May 21, 2007 Data Source Date: April 05, 2012
Location
Address: 6321 Daniels Parkway, Fort Myers, FL 33912 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
Office Sold
Financial Summary
Total assets: $275.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
62Total employees (full-time equivalent)
$287,419Total assets
$5,273Cash and due from depository institutions
$245Interest-bearing balances
$27,557Securities
$2,095Federal funds sold & reverse repurchase agreements
$235,617Net loans & leases
$2,657Loan loss allowance
$0Trading account assets
$9,881Bank premises and fixed assets
$0Other real estate owned
$1,981Goodwill and other intangibles
$0Life insurance assets
$5,015All other assets
$287,419Total liabilities and capital
$261,261Total liabilities
$245,095Total deposits
$225,364Interest-bearing deposits
$245,095Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,305Other borrowed funds
$5,000Subordinated debt
$861All other liabilities
$26,158Total equity capital
$26,158Total bank equity capital
$26,158Perpetual preferred stock
$0Common stock
$6,083Surplus
$12,471Undivided profits
Memoranda
$7,604Noncurrent loans and leases
$31,074Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$258Earning assets
$0Long-term assets (5+ years)
$1,292Average Assets, year-to-date
$265,514Average Assets, quarterly
$33,820Volatile liabilities
$313,718Insider loans
$297,499FHLB advances
$87,922Loans and leases held for sale
$1,778Unused loan commitments
$10,305Tier 1 (core) risk-based capital
$544Tier 2 risk-based capital
$0Total risk weighted assets
$31,074Total unused commitments
$0Restructured Loans and leases
$7,657Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$22,555Total interest income
$11,282Total interest expense
$11,273Net interest income
$16Provision for loan and lease losses
$771Total noninterest income
$0Fiduciary activities
$131Service charges on deposit accounts
$0Trading account gains & fees
$640Additional noninterest income
$7,984Total noninterest expense
$4,579Salaries and employee benefits
$1,620Premises and equipment expense
$1,785Additional noninterest expense
$4,044Pre-tax net operating income
-$2Securities gains (losses)
$1,449Applicable income taxes
$2,593Income before extraordinary items
$0Extraordinary gains - net
$2,593Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$47Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.80%Yield on earning assets
3.90%Cost of funding earning assets
3.90%Net interest margin
0.27%Noninterest income to earning assets
2.76%Noninterest expense to earning assets
0.83%Net operating income to assets
0.83%Return on assets (ROA)
1.29%Pretax return on assets
10.44%Return on equity (ROE)
10.44%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
-34.04%Credit loss provision to net charge-offs
0.00%Efficiency ratio
65,518Assets per employee
4.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
1029.84%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.11%Net loans and leases to deposits
96.13%Net loans and leases to core deposits
140.94%Equity capital to assets
9.10%Core capital (leverage) ratio
8.21%Tier 1 risk-based capital ratio
9.72%Total risk-based capital ratio
Memoranda
$13Average assets
$313,718Average earning assets
$24,847Average equity
$289,179Average loans
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