FDIC Certificate #: 57725 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Synovus Bank (#873) Federal Reserve ID: 3223444 Date Established: May 10, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 423117 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: May 10, 2004 Last Structure Change Effective Date: June 01, 2010 Last Structure Change Process Date: June 15, 2010 Last Data Update: June 15, 2010 Data Source Date: April 05, 2012
Location
Address: 10407 Centurion Parkway North, Suite 200, Jacksonville, FL 32256 County: Duval 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): Jacksonville, FL (#3600) Core Based Statistical Area (CBSA): Jacksonville, FL (#27260) CBSA Metro Statistical Area: Jacksonville, FL (#27260)
Financial Summary
Total assets: $244.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
44Total employees (full-time equivalent)
$226,699Total assets
$2,077Cash and due from depository institutions
$0Interest-bearing balances
$2,975Securities
$6,156Federal funds sold & reverse repurchase agreements
$194,904Net loans & leases
$6,152Loan loss allowance
$0Trading account assets
$12,503Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,084All other assets
$226,699Total liabilities and capital
$205,116Total liabilities
$204,298Total deposits
$185,568Interest-bearing deposits
$204,298Deposits held in domestic offices
84.73%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$818All other liabilities
$21,583Total equity capital
$21,583Total bank equity capital
$21,583Perpetual preferred stock
$0Common stock
$5,000Surplus
$31,778Undivided profits
Memoranda
$-15,195Noncurrent loans and leases
$41,006Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,352Earning assets
$0Long-term assets (5+ years)
$699Average Assets, year-to-date
$204,035Average Assets, quarterly
$49,900Volatile liabilities
$246,333Insider loans
$235,904FHLB advances
$103,457Loans and leases held for sale
$4,780Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$41,006Total unused commitments
$0Restructured Loans and leases
$2,686Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$11,657Total interest income
$5,589Total interest expense
$6,068Net interest income
$13,616Provision for loan and lease losses
$7Total noninterest income
$0Fiduciary activities
$353Service charges on deposit accounts
$0Trading account gains & fees
-$346Additional noninterest income
$7,238Total noninterest expense
$3,623Salaries and employee benefits
$1,222Premises and equipment expense
$2,393Additional noninterest expense
-$14,779Pre-tax net operating income
$0Securities gains (losses)
-$3,405Applicable income taxes
-$11,374Income before extraordinary items
$0Extraordinary gains - net
-$11,374Net income attributable to bank
$0Net charge-offs
-$11,374Cash dividends
$12,850Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.17%Yield on earning assets
2.48%Cost of funding earning assets
2.69%Net interest margin
0.00%Noninterest income to earning assets
3.21%Noninterest expense to earning assets
-4.62%Net operating income to assets
-4.62%Return on assets (ROA)
-6.00%Pretax return on assets
-51.26%Return on equity (ROE)
-51.26%Retained earnings to average equity (YTD only)
6.21%Net charge-offs to loans
105.96%Credit loss provision to net charge-offs
-0.09%Efficiency ratio
119,144Assets per employee
5.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.06%Loss allowance to noncurrent loans
83.68%Noncurrent assets plus other real estate owned to assets
3.24%Noncurrent loans to loans
3.66%Net loans and leases to deposits
95.40%Net loans and leases to core deposits
193.28%Equity capital to assets
9.52%Core capital (leverage) ratio
8.98%Tier 1 risk-based capital ratio
10.12%Total risk-based capital ratio
Memoranda
$11Average assets
$246,333Average earning assets
$22,189Average equity
$225,546Average 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 Synovus Bank of Jacksonville.
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: