Parkway Bank in Fort Myers, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 13, 1994

Parkway Bank in Fort Myers, Florida (FL)
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Parkway Bank - Overview

General
FDIC Certificate #: 32246
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: AmSouth Bank of Florida (#27083)
Federal Reserve ID: 758879
Date Established: September 28, 1984
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
OTS Docket #: 8044
FDIC's unique #: 45080
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: September 28, 1984
Last Structure Change Effective Date: May 13, 1994
Last Structure Change Process Date: May 20, 1994
Last Data Update: May 20, 1994
Data Source Date: April 05, 2012
Location
Address: 8655 College Parkway, S. W., Fort Myers, FL 33907
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)
Financial Summary
Total assets: $127.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$68Total assets
$126,751Cash and due from depository institutions
$4,410Interest-bearing balances
$527Securities
$29,769Federal funds sold & reverse repurchase agreements
$6,680Net loans & leases
$78,433Loan loss allowance
$1,000Trading account assets
$0Bank premises and fixed assets
$3,282Other real estate owned
$2,366Goodwill and other intangibles
$1,811Life insurance assets
$0All other assets
$0Total liabilities and capital
$126,751Total liabilities
$116,890Total deposits
$115,955Interest-bearing deposits
$104,866Deposits held in domestic offices
115955.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$935Total equity capital
$935Total bank equity capital
$9,861Perpetual preferred stock
$0Common stock
$977Surplus
$5,345Undivided profits
Memoranda
$3,539Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$803Income earned, not collected on loans
$704Earning assets
$115,409Long-term assets (5+ years)
$10,363Average Assets, year-to-date
$125,799Average Assets, quarterly
$125,099Volatile liabilities
$7,007Insider loans
$1,461FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$11,625Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,861Total risk weighted assets
$80,460Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$8,548Total interest expense
$3,675Net interest income
$4,873Provision for loan and lease losses
$319Total noninterest income
$1,166Fiduciary activities
$0Service charges on deposit accounts
$287Trading account gains & fees
$0Additional noninterest income
$879Total noninterest expense
$4,211Salaries and employee benefits
$1,926Premises and equipment expense
$922Additional noninterest expense
$1,363Pre-tax net operating income
$1,509Securities gains (losses)
$276Applicable income taxes
$631Income before extraordinary items
$1,154Extraordinary gains - net
$0Net income attributable to bank
$1,154Net charge-offs
$319Cash dividends
$151Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.47%Cost of funding earning assets
3.21%Net interest margin
4.26%Noninterest income to earning assets
1.02%Noninterest expense to earning assets
3.68%Net operating income to assets
0.77%Return on assets (ROA)
0.92%Pretax return on assets
1.42%Return on equity (ROE)
12.31%Retained earnings to average equity (YTD only)
10.70%Net charge-offs to loans
0.40%Credit loss provision to net charge-offs
100.00%Efficiency ratio
69,200Assets per employee
1.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
13.08%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
124.53%Noncurrent assets plus other real estate owned to assets
2.50%Noncurrent loans to loans
1.01%Net loans and leases to deposits
67.64%Net loans and leases to core deposits
71.99%Equity capital to assets
7.78%Core capital (leverage) ratio
7.88%Tier 1 risk-based capital ratio
12.26%Total risk-based capital ratio
Memoranda
$13Average assets
$125,799Average earning assets
$9,376Average equity
$114,362Average loans

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