FDIC Certificate #: 32365 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank of Florida (#26629) Federal Reserve ID: 792275 Date Established: July 25, 1985 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) OTS Docket #: 8188 FDIC's unique #: 45199 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: No Date of Deposit Insurance: July 25, 1985 Last Structure Change Effective Date: October 09, 1998 Last Structure Change Process Date: October 26, 1998 Last Data Update: October 26, 1998 Data Source Date: April 05, 2012
Location
Address: 10899 Park Boulevard, Seminole, FL 33772 County: Pinellas Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: New York 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: $90.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
41Total employees (full-time equivalent)
$93,652Total assets
$7,374Cash and due from depository institutions
$4,082Interest-bearing balances
$16,980Securities
$13,315Federal funds sold & reverse repurchase agreements
$53,125Net loans & leases
$697Loan loss allowance
$0Trading account assets
$2,088Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$770All other assets
$93,652Total liabilities and capital
$84,729Total liabilities
$84,499Total deposits
$74,078Interest-bearing deposits
$84,499Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$230All other liabilities
$8,923Total equity capital
$8,923Total bank equity capital
$8,923Perpetual preferred stock
$0Common stock
$56Surplus
$5,260Undivided profits
Memoranda
$3,607Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$147Earning assets
$0Long-term assets (5+ years)
$306Average Assets, year-to-date
$87,502Average Assets, quarterly
$14,711Volatile liabilities
$82,539Insider loans
$88,625FHLB advances
$3,789Loans and leases held for sale
$282Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,238Total unused commitments
$0Restructured Loans and leases
$50,089Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,340Total interest income
$2,514Total interest expense
$3,826Net interest income
$87Provision for loan and lease losses
$712Total noninterest income
$0Fiduciary activities
$459Service charges on deposit accounts
$0Trading account gains & fees
$253Additional noninterest income
$2,652Total noninterest expense
$1,290Salaries and employee benefits
$386Premises and equipment expense
$976Additional noninterest expense
$1,799Pre-tax net operating income
$0Securities gains (losses)
$653Applicable income taxes
$1,146Income before extraordinary items
$0Extraordinary gains - net
$1,146Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$55Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.24%Yield on earning assets
3.27%Cost of funding earning assets
4.97%Net interest margin
0.93%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
1.39%Net operating income to assets
1.39%Return on assets (ROA)
2.18%Pretax return on assets
13.82%Return on equity (ROE)
13.82%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
158.18%Credit loss provision to net charge-offs
34.29%Efficiency ratio
58,440Assets per employee
2.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
474.15%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.27%Net loans and leases to deposits
62.87%Net loans and leases to core deposits
65.82%Equity capital to assets
9.53%Core capital (leverage) ratio
9.98%Tier 1 risk-based capital ratio
17.76%Total risk-based capital ratio
Memoranda
$19Average assets
$82,539Average earning assets
$8,295Average equity
$76,916Average loans
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