FDIC Certificate #: 27436 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 1357701 Date Established: January 19, 1989 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 7 (Interstate: No) OTS Docket #: 13854 FDIC's unique #: 39910 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: January 19, 1989 Last Structure Change Effective Date: October 08, 1999 Last Structure Change Process Date: December 16, 1999 Last Data Update: December 16, 1999 Data Source Date: April 05, 2012
Location
Address: 6001 26th Street West, Bradenton, FL 34207 County: Manatee 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): Sarasota-Bradenton, FL (#7510) Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494) Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840) CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
Financial Summary
Total assets: $216.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
85Total employees (full-time equivalent)
$224,773Total assets
$10,337Cash and due from depository institutions
$0Interest-bearing balances
$33,457Securities
$28,218Federal funds sold & reverse repurchase agreements
$145,070Net loans & leases
$2,123Loan loss allowance
$0Trading account assets
$6,147Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,544All other assets
$224,773Total liabilities and capital
$209,739Total liabilities
$208,946Total deposits
$181,297Interest-bearing deposits
$208,946Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$793All other liabilities
$15,034Total equity capital
$15,034Total bank equity capital
$15,034Perpetual preferred stock
$0Common stock
$4,797Surplus
$9,743Undivided profits
Memoranda
$494Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,252Earning assets
$0Long-term assets (5+ years)
$847Average Assets, year-to-date
$206,745Average Assets, quarterly
$51,581Volatile liabilities
$211,040Insider loans
$215,740FHLB advances
$19,868Loans and leases held for sale
$3,088Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$27,586Total unused commitments
$0Restructured Loans and leases
$141,039Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$15,911Total interest income
$8,253Total interest expense
$7,658Net interest income
-$303Provision for loan and lease losses
$521Total noninterest income
$0Fiduciary activities
$248Service charges on deposit accounts
$0Trading account gains & fees
$273Additional noninterest income
$5,496Total noninterest expense
$2,975Salaries and employee benefits
$865Premises and equipment expense
$1,656Additional noninterest expense
$2,986Pre-tax net operating income
$0Securities gains (losses)
$1,152Applicable income taxes
$1,834Income before extraordinary items
$0Extraordinary gains - net
$1,834Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$66Sale, conversion, retirement of capital stock, net
$80Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.19%Yield on earning assets
4.25%Cost of funding earning assets
3.94%Net interest margin
0.27%Noninterest income to earning assets
2.83%Noninterest expense to earning assets
0.87%Net operating income to assets
0.87%Return on assets (ROA)
1.41%Pretax return on assets
13.38%Return on equity (ROE)
12.80%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
-459.09%Credit loss provision to net charge-offs
40.65%Efficiency ratio
67,196Assets per employee
2.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
4.36%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
169.57%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
0.85%Net loans and leases to deposits
69.43%Net loans and leases to core deposits
76.72%Equity capital to assets
6.69%Core capital (leverage) ratio
7.34%Tier 1 risk-based capital ratio
10.66%Total risk-based capital ratio
Memoranda
$12Average assets
$211,040Average earning assets
$13,706Average equity
$194,199Average loans
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