Southern Community Bank of Central Florida in Orlando, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 03, 2004

  • Southern Community Bank of Central Florida in Orlando, Florida (FL)
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Southern Community Bank of Central Florida - Overview

  • General
  • FDIC Certificate #: 34828
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank of Florida (#27538)
    Federal Reserve ID: 2753542
    Date Established: December 15, 1998
    WWW: http://www.southernbank.net
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Interstate: No)
    FDIC's unique #: 61740
    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: December 15, 1998
    Last Structure Change Effective Date: September 03, 2004
    Last Structure Change Process Date: September 16, 2004
    Last Data Update: September 16, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 250 North Orange Avenue, Orlando, FL 32801
    County: Orange
    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): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • Financial Summary
  • Total assets: $663.6 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, 2003)

  • Dollar figures in thousands
  • 119Total employees (full-time equivalent)
  • $604,949Total assets
  • $11,180Cash and due from depository institutions
  • $784Interest-bearing balances
  • $87,321Securities
  • $10,923Federal funds sold & reverse repurchase agreements
  • $472,685Net loans & leases
  • $5,748Loan loss allowance
  • $0Trading account assets
  • $11,478Bank premises and fixed assets
  • $1,066Other real estate owned
  • $970Goodwill and other intangibles
  • $0Life insurance assets
  • $9,326All other assets
  • $604,949Total liabilities and capital
  • $564,408Total liabilities
  • $511,312Total deposits
  • $452,091Interest-bearing deposits
  • $511,312Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $7,923Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $30,500Other borrowed funds
  • $13,000Subordinated debt
  • $1,673All other liabilities
  • $40,541Total equity capital
  • $40,541Total bank equity capital
  • $40,541Perpetual preferred stock
  • $0Common stock
  • $6,633Surplus
  • $23,127Undivided profits
  • Memoranda
  • $10,781Noncurrent loans and leases
  • $186,895Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,869Earning assets
  • $0Long-term assets (5+ years)
  • $2,017Average Assets, year-to-date
  • $571,713Average Assets, quarterly
  • $90,455Volatile liabilities
  • $463,656Insider loans
  • $596,838FHLB advances
  • $103,947Loans and leases held for sale
  • $30,539Unused loan commitments
  • $30,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $186,895Total unused commitments
  • $0Restructured Loans and leases
  • $18,748Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $30,839Total interest income
  • $11,382Total interest expense
  • $19,457Net interest income
  • $1,991Provision for loan and lease losses
  • $1,877Total noninterest income
  • $0Fiduciary activities
  • $675Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,202Additional noninterest income
  • $10,856Total noninterest expense
  • $5,430Salaries and employee benefits
  • $2,409Premises and equipment expense
  • $3,017Additional noninterest expense
  • $8,487Pre-tax net operating income
  • $283Securities gains (losses)
  • $3,219Applicable income taxes
  • $5,551Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,551Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $635Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.12%Yield on earning assets
  • 2.63%Cost of funding earning assets
  • 4.49%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.51%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.89%Pretax return on assets
  • 18.03%Return on equity (ROE)
  • 18.03%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 313.54%Credit loss provision to net charge-offs
  • 16.50%Efficiency ratio
  • 50,886Assets per employee
  • 5.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 307.54%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 92.45%Net loans and leases to core deposits
  • 113.82%Equity capital to assets
  • 6.70%Core capital (leverage) ratio
  • 6.73%Tier 1 risk-based capital ratio
  • 7.11%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $463,656Average earning assets
  • $30,789Average equity
  • $432,880Average loans

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