South Florida Bank in Fort Myers, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 12, 1999

South Florida Bank in Fort Myers, Florida (FL)
Show street view No street view available for this location

South Florida Bank - Overview

General
FDIC Certificate #: 27248
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Fifth Third Bank, Florida (#27542)
Federal Reserve ID: 1190458
Date Established: May 23, 1988
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 39307
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: May 23, 1988
Last Structure Change Effective Date: June 12, 1999
Last Structure Change Process Date: July 07, 1999
Last Data Update: July 07, 1999
Data Source Date: April 05, 2012
Location
Address: 2017 Mcgregor Boulevard, Fort Myers, FL 33901
County: Lee
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: South Florida
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Fort Myers-Cape Coral, FL (#2700)
Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980)
CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
Financial Summary
Total assets: $92.5 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
39Total employees (full-time equivalent)
$90,236Total assets
$6,099Cash and due from depository institutions
$0Interest-bearing balances
$26,415Securities
$2,211Federal funds sold & reverse repurchase agreements
$52,264Net loans & leases
$889Loan loss allowance
$0Trading account assets
$1,841Bank premises and fixed assets
$156Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,250All other assets
$90,236Total liabilities and capital
$81,280Total liabilities
$77,722Total deposits
$59,817Interest-bearing deposits
$77,722Deposits held in domestic offices
0.00%% insured (estimated)
$3,137Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$421All other liabilities
$8,956Total equity capital
$8,956Total bank equity capital
$8,956Perpetual preferred stock
$0Common stock
$4,381Surplus
$5,419Undivided profits
Memoranda
$-844Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$818Earning assets
$0Long-term assets (5+ years)
$219Average Assets, year-to-date
$80,890Average Assets, quarterly
$32,707Volatile liabilities
$85,902Insider loans
$87,793FHLB advances
$7,840Loans and leases held for sale
$1,022Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,198Total unused commitments
$0Restructured Loans and leases
$59,527Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$6,215Total interest income
$2,335Total interest expense
$3,880Net interest income
$0Provision for loan and lease losses
$606Total noninterest income
$0Fiduciary activities
$512Service charges on deposit accounts
$0Trading account gains & fees
$94Additional noninterest income
$2,833Total noninterest expense
$1,588Salaries and employee benefits
$612Premises and equipment expense
$633Additional noninterest expense
$1,653Pre-tax net operating income
$0Securities gains (losses)
-$55Applicable income taxes
$1,708Income before extraordinary items
$0Extraordinary gains - net
$1,708Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$7Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.97%Yield on earning assets
3.00%Cost of funding earning assets
4.98%Net interest margin
0.78%Noninterest income to earning assets
3.63%Noninterest expense to earning assets
1.99%Net operating income to assets
1.99%Return on assets (ROA)
1.92%Pretax return on assets
21.36%Return on equity (ROE)
21.36%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,152Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
108.68%Noncurrent assets plus other real estate owned to assets
1.08%Noncurrent loans to loans
1.54%Net loans and leases to deposits
67.24%Net loans and leases to core deposits
71.58%Equity capital to assets
9.93%Core capital (leverage) ratio
10.01%Tier 1 risk-based capital ratio
14.91%Total risk-based capital ratio
Memoranda
$16Average assets
$85,902Average earning assets
$7,996Average equity
$77,945Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with South Florida Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.