FDIC Certificate #: 57959 Status: Inactive Closing history: Corrections Acquiring institution:Stonegate Bank (#57934) Federal Reserve ID: 3375950 Date Established: August 24, 2005 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 17991 FDIC's unique #: 432623 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: August 24, 2005 Last Structure Change Effective Date: October 23, 2009 Last Structure Change Process Date: October 26, 2009 Last Data Update: October 26, 2009 Data Source Date: April 05, 2012
Location
Address: 3021 Airport-Pulling Road North, Naples, FL 34105 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $65.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
21Total employees (full-time equivalent)
$76,206Total assets
$1,412Cash and due from depository institutions
$162Interest-bearing balances
$5,999Securities
$5,671Federal funds sold & reverse repurchase agreements
$52,311Net loans & leases
$880Loan loss allowance
$0Trading account assets
$5,548Bank premises and fixed assets
$1,215Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,050All other assets
$76,206Total liabilities and capital
$67,781Total liabilities
$61,971Total deposits
$59,056Interest-bearing deposits
$61,971Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,500Other borrowed funds
$0Subordinated debt
$310All other liabilities
$8,425Total equity capital
$8,425Total bank equity capital
$8,425Perpetual preferred stock
$0Common stock
$6,800Surplus
$6,800Undivided profits
Memoranda
$-5,175Noncurrent loans and leases
$6,021Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,193Earning assets
$0Long-term assets (5+ years)
$241Average Assets, year-to-date
$64,143Average Assets, quarterly
$0Volatile liabilities
$64,906Insider loans
$72,637FHLB advances
$19,441Loans and leases held for sale
$60Unused loan commitments
$5,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,021Total unused commitments
$2,610Restructured Loans and leases
$653Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$2,998Total interest income
$1,862Total interest expense
$1,136Net interest income
$1,182Provision for loan and lease losses
$54Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$54Additional noninterest income
$3,466Total noninterest expense
$1,946Salaries and employee benefits
$603Premises and equipment expense
$917Additional noninterest expense
-$3,458Pre-tax net operating income
$118Securities gains (losses)
-$1,252Applicable income taxes
-$2,088Income before extraordinary items
$0Extraordinary gains - net
-$2,088Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$684Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.58%Yield on earning assets
3.47%Cost of funding earning assets
2.12%Net interest margin
0.10%Noninterest income to earning assets
6.45%Noninterest expense to earning assets
-3.33%Net operating income to assets
-3.22%Return on assets (ROA)
-5.15%Pretax return on assets
-22.58%Return on equity (ROE)
-22.58%Retained earnings to average equity (YTD only)
1.51%Net charge-offs to loans
172.81%Credit loss provision to net charge-offs
-3.33%Efficiency ratio
291,261Assets per employee
3.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.65%Loss allowance to noncurrent loans
27.56%Noncurrent assets plus other real estate owned to assets
5.78%Noncurrent loans to loans
6.00%Net loans and leases to deposits
84.41%Net loans and leases to core deposits
108.91%Equity capital to assets
11.06%Core capital (leverage) ratio
7.17%Tier 1 risk-based capital ratio
10.03%Total risk-based capital ratio
Memoranda
$11Average assets
$64,906Average earning assets
$9,247Average equity
$53,701Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Partners Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: