FDIC Certificate #: 32167 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Hancock Bank (#12441) Federal Reserve ID: 744470 Date Established: July 21, 1983 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 7939 FDIC's unique #: 45001 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: July 21, 1983 Last Structure Change Effective Date: December 18, 2009 Last Structure Change Process Date: December 22, 2009 Last Data Update: December 22, 2009 Data Source Date: April 05, 2012
Location
Address: 2305 Hwy 77, Panama City, FL 32405 County: Bay Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Panama City, FL (#6015) Core Based Statistical Area (CBSA): Panama City-Lynn Haven-Panama City Beach, FL (#37460) CBSA Metro Statistical Area: Panama City-Lynn Haven-Panama City Beach, FL (#37460)
Financial Summary
Total assets: $1,795.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
437Total employees (full-time equivalent)
$1,890,369Total assets
$107,194Cash and due from depository institutions
$77,401Interest-bearing balances
$40,300Securities
$0Federal funds sold & reverse repurchase agreements
$1,538,211Net loans & leases
$21,687Loan loss allowance
$0Trading account assets
$77,684Bank premises and fixed assets
$79,626Other real estate owned
$839Goodwill and other intangibles
$0Life insurance assets
$46,515All other assets
$1,890,369Total liabilities and capital
$1,737,052Total liabilities
$1,606,095Total deposits
$1,485,817Interest-bearing deposits
$1,606,095Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$129,000Other borrowed funds
$0Subordinated debt
$1,957All other liabilities
$153,317Total equity capital
$153,317Total bank equity capital
$153,317Perpetual preferred stock
$5,000Common stock
$451Surplus
$29,371Undivided profits
Memoranda
$118,495Noncurrent loans and leases
$177,258Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$167,988Earning assets
$0Long-term assets (5+ years)
$8,091Average Assets, year-to-date
$1,655,912Average Assets, quarterly
$0Volatile liabilities
$1,836,606Insider loans
$1,865,540FHLB advances
$633,939Loans and leases held for sale
$18,011Unused loan commitments
$129,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$177,258Total unused commitments
$87,109Restructured Loans and leases
$19,723Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$105,119Total interest income
$53,555Total interest expense
$51,564Net interest income
$48,871Provision for loan and lease losses
$5,884Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$5,884Additional noninterest income
$49,125Total noninterest expense
$26,003Salaries and employee benefits
$10,047Premises and equipment expense
$13,075Additional noninterest expense
-$40,548Pre-tax net operating income
$3,093Securities gains (losses)
-$14,888Applicable income taxes
-$22,567Income before extraordinary items
$0Extraordinary gains - net
-$22,567Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$39,375Sale, conversion, retirement of capital stock, net
$2,580Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.44%Yield on earning assets
3.28%Cost of funding earning assets
3.16%Net interest margin
0.36%Noninterest income to earning assets
3.01%Noninterest expense to earning assets
-1.34%Net operating income to assets
-1.23%Return on assets (ROA)
-2.04%Pretax return on assets
-14.19%Return on equity (ROE)
-15.82%Retained earnings to average equity (YTD only)
2.46%Net charge-offs to loans
124.12%Credit loss provision to net charge-offs
0.21%Efficiency ratio
85,512Assets per employee
4.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
-11.43%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
12.91%Noncurrent assets plus other real estate owned to assets
13.01%Noncurrent loans to loans
10.77%Net loans and leases to deposits
95.77%Net loans and leases to core deposits
139.69%Equity capital to assets
8.11%Core capital (leverage) ratio
8.12%Tier 1 risk-based capital ratio
9.75%Total risk-based capital ratio
Memoranda
$11Average assets
$1,836,606Average earning assets
$158,980Average equity
$1,632,322Average loans
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