FDIC Certificate #: 26563 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Florida Community Bank, National Association (#58991) Federal Reserve ID: 61533 Date Established: January 21, 1986 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 13 (Interstate: No) FDIC's unique #: 35262 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: January 21, 1986 Last Structure Change Effective Date: June 25, 2010 Last Structure Change Process Date: June 26, 2010 Last Data Update: June 26, 2010 Data Source Date: April 05, 2012
Location
Address: 3100 South Mccall Road, Englewood, FL 34224 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: $630.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
137Total employees (full-time equivalent)
$625,594Total assets
$44,408Cash and due from depository institutions
$40,000Interest-bearing balances
$117,591Securities
$2,065Federal funds sold & reverse repurchase agreements
$390,714Net loans & leases
$17,117Loan loss allowance
$0Trading account assets
$7,790Bank premises and fixed assets
$33,204Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$29,822All other assets
$625,595Total liabilities and capital
$625,713Total liabilities
$560,789Total deposits
$543,199Interest-bearing deposits
$560,789Deposits held in domestic offices
92.39%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$50,000Other borrowed funds
$0Subordinated debt
$14,924All other liabilities
$-118Total equity capital
$-118Total bank equity capital
$-118Perpetual preferred stock
$0Common stock
$19,464Surplus
$17,920Undivided profits
Memoranda
$-37,502Noncurrent loans and leases
$22,916Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$115,833Earning assets
$0Long-term assets (5+ years)
$2,636Average Assets, year-to-date
$550,370Average Assets, quarterly
$109,249Volatile liabilities
$639,373Insider loans
$635,912FHLB advances
$264,631Loans and leases held for sale
$11,927Unused loan commitments
$50,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,916Total unused commitments
$8,324Restructured Loans and leases
$2,284Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$26,436Total interest income
$19,896Total interest expense
$6,540Net interest income
$30,884Provision for loan and lease losses
$1,500Total noninterest income
$0Fiduciary activities
$358Service charges on deposit accounts
$0Trading account gains & fees
$1,142Additional noninterest income
$30,116Total noninterest expense
$6,761Salaries and employee benefits
$2,300Premises and equipment expense
$21,055Additional noninterest expense
-$52,960Pre-tax net operating income
$344Securities gains (losses)
-$4,004Applicable income taxes
-$48,612Income before extraordinary items
$0Extraordinary gains - net
-$48,612Net income attributable to bank
$0Net charge-offs
-$48,612Cash dividends
$24,636Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.62%Yield on earning assets
3.47%Cost of funding earning assets
1.14%Net interest margin
0.26%Noninterest income to earning assets
5.26%Noninterest expense to earning assets
-7.65%Net operating income to assets
-7.60%Return on assets (ROA)
-8.23%Pretax return on assets
-150.42%Return on equity (ROE)
-150.42%Retained earnings to average equity (YTD only)
5.55%Net charge-offs to loans
125.36%Credit loss provision to net charge-offs
-0.90%Efficiency ratio
374,577Assets per employee
4.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.20%Loss allowance to noncurrent loans
14.78%Noncurrent assets plus other real estate owned to assets
23.82%Noncurrent loans to loans
28.40%Net loans and leases to deposits
69.67%Net loans and leases to core deposits
112.87%Equity capital to assets
-0.02%Core capital (leverage) ratio
0.35%Tier 1 risk-based capital ratio
0.48%Total risk-based capital ratio
Memoranda
$1Average assets
$639,373Average earning assets
$32,318Average equity
$572,796Average loans
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