FDIC Certificate #: 32251 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Bay Cities Bank (#35066) Federal Reserve ID: 761178 Date Established: October 25, 1984 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 8051 FDIC's unique #: 45085 Numeric code: 13 Regulator: FED 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: October 25, 1984 Last Structure Change Effective Date: October 22, 2010 Last Structure Change Process Date: October 25, 2010 Last Data Update: October 25, 2010 Data Source Date: April 05, 2012
Location
Address: 5537 Sheldon Road, Suite D, Tampa, FL 33615 County: Hillsborough 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): Tampa-St. Petersburg-Clearwater, FL (#8280) Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300) CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
Financial Summary
Total assets: $94.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
22Total employees (full-time equivalent)
$119,185Total assets
$10,642Cash and due from depository institutions
$8,851Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$101,843Net loans & leases
$7,419Loan loss allowance
$0Trading account assets
$3,124Bank premises and fixed assets
$30Other real estate owned
$223Goodwill and other intangibles
$0Life insurance assets
$3,323All other assets
$119,185Total liabilities and capital
$115,489Total liabilities
$107,892Total deposits
$101,991Interest-bearing deposits
$107,892Deposits held in domestic offices
94.76%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$597All other liabilities
$3,696Total equity capital
$3,696Total bank equity capital
$3,696Perpetual preferred stock
$0Common stock
$6,122Surplus
$11,966Undivided profits
Memoranda
$-14,392Noncurrent loans and leases
$5,646Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$17,447Earning assets
$0Long-term assets (5+ years)
$412Average Assets, year-to-date
$110,694Average Assets, quarterly
$7,516Volatile liabilities
$115,458Insider loans
$122,525FHLB advances
$38,898Loans and leases held for sale
$0Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$270Total risk weighted assets
$5,645Total unused commitments
$0Restructured Loans and leases
$1,239Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,464Total interest income
$3,693Total interest expense
$2,771Net interest income
$6,538Provision for loan and lease losses
-$92Total noninterest income
$0Fiduciary activities
$46Service charges on deposit accounts
$0Trading account gains & fees
-$138Additional noninterest income
$3,994Total noninterest expense
$1,851Salaries and employee benefits
$730Premises and equipment expense
$1,413Additional noninterest expense
-$7,853Pre-tax net operating income
$0Securities gains (losses)
$274Applicable income taxes
-$8,127Income before extraordinary items
$0Extraordinary gains - net
-$8,127Net income attributable to bank
$0Net charge-offs
-$8,127Cash dividends
$370Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.99%Yield on earning assets
3.42%Cost of funding earning assets
2.57%Net interest margin
-0.09%Noninterest income to earning assets
3.70%Noninterest expense to earning assets
-7.04%Net operating income to assets
-7.04%Return on assets (ROA)
-6.80%Pretax return on assets
-83.81%Return on equity (ROE)
-83.81%Retained earnings to average equity (YTD only)
0.38%Net charge-offs to loans
1767.03%Credit loss provision to net charge-offs
-3.55%Efficiency ratio
147,966Assets per employee
5.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.79%Loss allowance to noncurrent loans
42.52%Noncurrent assets plus other real estate owned to assets
14.66%Noncurrent loans to loans
15.97%Net loans and leases to deposits
94.39%Net loans and leases to core deposits
134.01%Equity capital to assets
3.10%Core capital (leverage) ratio
2.86%Tier 1 risk-based capital ratio
3.83%Total risk-based capital ratio
Memoranda
$5Average assets
$115,458Average earning assets
$9,697Average equity
$107,884Average loans
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