FDIC Certificate #: 35046 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cadence Bank, N.A. (#4999) Federal Reserve ID: 2783736 Date Established: September 07, 1999 WWW:http://www.suncoastbank.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 74350 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 07, 1999 Last Structure Change Effective Date: August 18, 2006 Last Structure Change Process Date: September 12, 2006 Last Data Update: September 12, 2006 Data Source Date: April 05, 2012
Location
Address: 8592 Potter Park Drive, Sarasota, FL 34238 County: Sarasota 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): Sarasota-Bradenton, FL (#7510) Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494) Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840) CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
Financial Summary
Total assets: $140.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2005)
Dollar figures in thousands
28Total employees (full-time equivalent)
$131,846Total assets
$2,408Cash and due from depository institutions
$30Interest-bearing balances
$9,602Securities
$2,215Federal funds sold & reverse repurchase agreements
$112,977Net loans & leases
$1,194Loan loss allowance
$0Trading account assets
$3,067Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,577All other assets
$131,846Total liabilities and capital
$117,678Total liabilities
$117,289Total deposits
$105,409Interest-bearing deposits
$117,289Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$389All other liabilities
$14,168Total equity capital
$14,168Total bank equity capital
$14,168Perpetual preferred stock
$0Common stock
$1,800Surplus
$12,145Undivided profits
Memoranda
$223Noncurrent loans and leases
$31,668Noncurrent 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)
$443Average Assets, year-to-date
$124,824Average Assets, quarterly
$11,735Volatile liabilities
$117,333Insider loans
$127,130FHLB advances
$44,629Loans and leases held for sale
$5,684Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$31,668Total unused commitments
$0Restructured Loans and leases
$1,194Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$7,091Total interest income
$2,753Total interest expense
$4,338Net interest income
$330Provision for loan and lease losses
$107Total noninterest income
$0Fiduciary activities
$37Service charges on deposit accounts
$0Trading account gains & fees
$70Additional noninterest income
$2,557Total noninterest expense
$1,414Salaries and employee benefits
$427Premises and equipment expense
$716Additional noninterest expense
$1,558Pre-tax net operating income
-$29Securities gains (losses)
$581Applicable income taxes
$948Income before extraordinary items
$0Extraordinary gains - net
$948Net 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, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.41%Yield on earning assets
2.49%Cost of funding earning assets
3.92%Net interest margin
0.10%Noninterest income to earning assets
2.31%Noninterest expense to earning assets
0.82%Net operating income to assets
0.81%Return on assets (ROA)
1.30%Pretax return on assets
6.90%Return on equity (ROE)
6.90%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
57,525Assets per employee
4.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.05%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
96.32%Net loans and leases to core deposits
155.49%Equity capital to assets
10.75%Core capital (leverage) ratio
11.10%Tier 1 risk-based capital ratio
10.84%Total risk-based capital ratio
Memoranda
$12Average assets
$117,333Average earning assets
$13,739Average equity
$110,568Average loans
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