Southern Community Bank of Southwest Florida in city_name, state_name

Southern Community Bank of Southwest Florida in Bonita Springs, Florida (FL)
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Southern Community Bank of Southwest Florida - Overview

General
FDIC Certificate #: 35536
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank of Florida (#27538)
Federal Reserve ID: 2938161
Date Established: January 02, 2001
WWW: http://www.southernbanksw.net
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 81331
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: January 02, 2001
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: 9021 Bonita Springs Road, S.E., Bonita Springs, FL 34135
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: $192.5 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
32Total employees (full-time equivalent)
$161,018Total assets
$2,695Cash and due from depository institutions
$14Interest-bearing balances
$14,018Securities
$4,180Federal funds sold & reverse repurchase agreements
$131,074Net loans & leases
$1,666Loan loss allowance
$0Trading account assets
$6,833Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,218All other assets
$161,018Total liabilities and capital
$146,227Total liabilities
$139,918Total deposits
$126,953Interest-bearing deposits
$139,918Deposits held in domestic offices
0.00%% insured (estimated)
$6,000Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$309All other liabilities
$14,791Total equity capital
$14,791Total bank equity capital
$14,791Perpetual preferred stock
$0Common stock
$5,000Surplus
$8,800Undivided profits
Memoranda
$991Noncurrent loans and leases
$35,142Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$529Average Assets, year-to-date
$149,286Average Assets, quarterly
$15,911Volatile liabilities
$136,838Insider loans
$151,488FHLB advances
$36,424Loans and leases held for sale
$1,729Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$35,142Total unused commitments
$0Restructured Loans and leases
$1,666Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$7,890Total interest income
$3,083Total interest expense
$4,807Net interest income
$521Provision for loan and lease losses
$283Total noninterest income
$0Fiduciary activities
$113Service charges on deposit accounts
$0Trading account gains & fees
$170Additional noninterest income
$3,051Total noninterest expense
$1,560Salaries and employee benefits
$569Premises and equipment expense
$922Additional noninterest expense
$1,518Pre-tax net operating income
$120Securities gains (losses)
$606Applicable income taxes
$1,032Income before extraordinary items
$0Extraordinary gains - net
$1,032Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.29%Yield on earning assets
2.46%Cost of funding earning assets
3.83%Net interest margin
0.23%Noninterest income to earning assets
2.43%Noninterest expense to earning assets
0.70%Net operating income to assets
0.75%Return on assets (ROA)
1.20%Pretax return on assets
8.35%Return on equity (ROE)
8.35%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,941Assets per employee
5.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
93.68%Net loans and leases to core deposits
119.71%Equity capital to assets
9.19%Core capital (leverage) ratio
10.07%Tier 1 risk-based capital ratio
9.57%Total risk-based capital ratio
Memoranda
$11Average assets
$136,838Average earning assets
$12,364Average equity
$125,523Average loans

Southern Community Bank of Southwest Florida in Bonita Springs, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Southern Community Bank of Southwest Florida - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

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

Southern Community Bank of Southwest Florida in Bonita Springs, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

Southern Community Bank of Southwest Florida - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

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

Southern Community Bank of Southwest Florida in Bonita Springs, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches