Southwest Capital Bank, National Association - Overview
General
FDIC Certificate #: 58272 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Stonegate Bank (#57934) Federal Reserve ID: 3422658 Date Established: July 24, 2006 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) FDIC's unique #: 445213 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: July 24, 2006 Last Structure Change Effective Date: March 18, 2011 Last Structure Change Process Date: April 07, 2011 Last Data Update: April 07, 2011 Data Source Date: April 05, 2012
Location
Address: 12670 Creekside Lane, Suite 101, Fort Myers, FL 33919 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: $114.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
27Total employees (full-time equivalent)
$114,913Total assets
$14,469Cash and due from depository institutions
$13,373Interest-bearing balances
$8,894Securities
$0Federal funds sold & reverse repurchase agreements
$81,095Net loans & leases
$1,522Loan loss allowance
$0Trading account assets
$7,432Bank premises and fixed assets
$1,401Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,622All other assets
$114,913Total liabilities and capital
$102,092Total liabilities
$101,258Total deposits
$90,330Interest-bearing deposits
$101,258Deposits held in domestic offices
98.52%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$834All other liabilities
$12,821Total equity capital
$12,821Total bank equity capital
$12,821Perpetual preferred stock
$0Common stock
$10,500Surplus
$18,386Undivided profits
Memoranda
$-16,065Noncurrent loans and leases
$6,877Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,799Earning assets
$0Long-term assets (5+ years)
$232Average Assets, year-to-date
$103,362Average Assets, quarterly
$8,977Volatile liabilities
$116,052Insider loans
$117,648FHLB advances
$33,212Loans and leases held for sale
$5,231Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,877Total unused commitments
$0Restructured Loans and leases
$1,096Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$5,626Total interest income
$1,648Total interest expense
$3,978Net interest income
$2,186Provision for loan and lease losses
-$717Total noninterest income
$0Fiduciary activities
$50Service charges on deposit accounts
$0Trading account gains & fees
-$767Additional noninterest income
$4,381Total noninterest expense
$2,271Salaries and employee benefits
$977Premises and equipment expense
$1,133Additional noninterest expense
-$3,306Pre-tax net operating income
$36Securities gains (losses)
$0Applicable income taxes
-$3,270Income before extraordinary items
$0Extraordinary gains - net
-$3,270Net income attributable to bank
$0Net charge-offs
-$3,270Cash dividends
$2,184Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.49%Yield on earning assets
1.61%Cost of funding earning assets
3.88%Net interest margin
-0.70%Noninterest income to earning assets
4.28%Noninterest expense to earning assets
-2.85%Net operating income to assets
-2.82%Return on assets (ROA)
-2.82%Pretax return on assets
-24.28%Return on equity (ROE)
-24.28%Retained earnings to average equity (YTD only)
2.62%Net charge-offs to loans
100.09%Credit loss provision to net charge-offs
-0.51%Efficiency ratio
134,345Assets per employee
4.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.84%Loss allowance to noncurrent loans
40.06%Noncurrent assets plus other real estate owned to assets
4.53%Noncurrent loans to loans
4.60%Net loans and leases to deposits
80.09%Net loans and leases to core deposits
119.18%Equity capital to assets
11.16%Core capital (leverage) ratio
10.73%Tier 1 risk-based capital ratio
14.53%Total risk-based capital ratio
Memoranda
$16Average assets
$116,052Average earning assets
$13,465Average equity
$102,473Average loans
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