FDIC Certificate #: 35478 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Florida Community Bank, National Association (#58991) Federal Reserve ID: 2929253 Date Established: July 24, 2000 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) FDIC's unique #: 80562 Numeric code: 21 Regulator: FDIC 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: July 24, 2000 Last Structure Change Effective Date: Febuary 11, 2011 Last Structure Change Process Date: Febuary 14, 2011 Last Data Update: Febuary 14, 2011 Data Source Date: April 05, 2012
Location
Address: 4777 Clyde Morris Boulevard, Port Orange, FL 32129 County: Volusia Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Gainesville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Daytona Beach, FL (#2020) Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422) Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660) CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660)
Financial Summary
Total assets: $125.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
42Total employees (full-time equivalent)
$125,531Total assets
$11,881Cash and due from depository institutions
$9,975Interest-bearing balances
$16,143Securities
$0Federal funds sold & reverse repurchase agreements
$81,152Net loans & leases
$4,030Loan loss allowance
$0Trading account assets
$7,722Bank premises and fixed assets
$7,325Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,308All other assets
$125,531Total liabilities and capital
$123,851Total liabilities
$116,715Total deposits
$87,219Interest-bearing deposits
$116,715Deposits held in domestic offices
99.37%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,765Other borrowed funds
$0Subordinated debt
$371All other liabilities
$1,680Total equity capital
$1,680Total bank equity capital
$1,680Perpetual preferred stock
$0Common stock
$3,275Surplus
$9,422Undivided profits
Memoranda
$-11,017Noncurrent loans and leases
$1,306Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$17,430Earning assets
$0Long-term assets (5+ years)
$327Average Assets, year-to-date
$107,270Average Assets, quarterly
$16,903Volatile liabilities
$140,226Insider loans
$132,491FHLB advances
$27,983Loans and leases held for sale
$3,685Unused loan commitments
$6,765Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,306Total unused commitments
$1,573Restructured Loans and leases
$1,178Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$6,055Total interest income
$1,919Total interest expense
$4,136Net interest income
$5,122Provision for loan and lease losses
$225Total noninterest income
$0Fiduciary activities
$478Service charges on deposit accounts
$0Trading account gains & fees
-$253Additional noninterest income
$5,699Total noninterest expense
$2,260Salaries and employee benefits
$636Premises and equipment expense
$2,803Additional noninterest expense
-$6,460Pre-tax net operating income
$372Securities gains (losses)
$0Applicable income taxes
-$6,088Income before extraordinary items
$0Extraordinary gains - net
-$6,088Net income attributable to bank
$0Net charge-offs
-$6,088Cash dividends
$5,050Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.92%Yield on earning assets
1.56%Cost of funding earning assets
3.36%Net interest margin
0.18%Noninterest income to earning assets
4.63%Noninterest expense to earning assets
-4.61%Net operating income to assets
-4.34%Return on assets (ROA)
-4.34%Pretax return on assets
-136.93%Return on equity (ROE)
-136.93%Retained earnings to average equity (YTD only)
5.32%Net charge-offs to loans
101.43%Credit loss provision to net charge-offs
-0.26%Efficiency ratio
130,681Assets per employee
2.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.73%Loss allowance to noncurrent loans
23.12%Noncurrent assets plus other real estate owned to assets
19.72%Noncurrent loans to loans
20.46%Net loans and leases to deposits
69.53%Net loans and leases to core deposits
91.46%Equity capital to assets
1.34%Core capital (leverage) ratio
1.33%Tier 1 risk-based capital ratio
1.97%Total risk-based capital ratio
Memoranda
$3Average assets
$140,226Average earning assets
$4,446Average equity
$123,178Average 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 Sunshine State Community 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.
Comment about this bank, ask questions, or add new information about it: