The Bank of Tallahassee in Tallahassee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 2009

The Bank of Tallahassee in Tallahassee, Florida (FL)
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The Bank of Tallahassee - Overview

General
FDIC Certificate #: 57211
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Florida Bank (#26280)
Federal Reserve ID: 3069343
Date Established: November 05, 2001
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 359541
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: November 05, 2001
Last Structure Change Effective Date: March 31, 2009
Last Structure Change Process Date: April 02, 2009
Last Data Update: April 02, 2009
Data Source Date: April 05, 2012
Location
Address: 3425-23 Thomasville Road, Tallahassee, FL 32309
County: Leon
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): Tallahassee, FL (#8240)
Core Based Statistical Area (CBSA): Tallahassee, FL (#45220)
CBSA Metro Statistical Area: Tallahassee, FL (#45220)
Financial Summary
Total assets: $86.8 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, 2008)

Dollar figures in thousands
25Total employees (full-time equivalent)
$86,823Total assets
$1,610Cash and due from depository institutions
$0Interest-bearing balances
$4,850Securities
$0Federal funds sold & reverse repurchase agreements
$73,628Net loans & leases
$3,074Loan loss allowance
$0Trading account assets
$3,501Bank premises and fixed assets
$0Other real estate owned
$267Goodwill and other intangibles
$671Life insurance assets
$2,967All other assets
$86,823Total liabilities and capital
$77,224Total liabilities
$72,635Total deposits
$66,771Interest-bearing deposits
$72,635Deposits held in domestic offices
0.00%% insured (estimated)
$1,757Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,500Other borrowed funds
$0Subordinated debt
$332All other liabilities
$9,599Total equity capital
$9,599Total bank equity capital
$9,599Perpetual preferred stock
$0Common stock
$4,500Surplus
$15,323Undivided profits
Memoranda
$-10,224Noncurrent loans and leases
$9,147Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,095Earning assets
$0Long-term assets (5+ years)
$443Average Assets, year-to-date
$78,478Average Assets, quarterly
$6,503Volatile liabilities
$91,227Insider loans
$90,659FHLB advances
$30,472Loans and leases held for sale
$2,725Unused loan commitments
$2,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,147Total unused commitments
$0Restructured Loans and leases
$976Derivatives

Income and Expense (December 31, 2008)

Dollar figures in thousands
$5,730Total interest income
$2,512Total interest expense
$3,218Net interest income
$2,600Provision for loan and lease losses
$330Total noninterest income
$0Fiduciary activities
$236Service charges on deposit accounts
$0Trading account gains & fees
$94Additional noninterest income
$12,521Total noninterest expense
$1,532Salaries and employee benefits
$641Premises and equipment expense
$10,348Additional noninterest expense
-$11,573Pre-tax net operating income
$97Securities gains (losses)
-$1,030Applicable income taxes
-$10,446Income before extraordinary items
$0Extraordinary gains - net
-$10,446Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$306Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2008)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.46%Yield on earning assets
3.27%Cost of funding earning assets
4.19%Net interest margin
0.43%Noninterest income to earning assets
16.31%Noninterest expense to earning assets
-11.55%Net operating income to assets
-11.45%Return on assets (ROA)
-12.58%Pretax return on assets
-58.72%Return on equity (ROE)
-58.72%Retained earnings to average equity (YTD only)
0.43%Net charge-offs to loans
849.67%Credit loss provision to net charge-offs
-29.32%Efficiency ratio
88,078Assets per employee
3.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.01%Loss allowance to noncurrent loans
146.73%Noncurrent assets plus other real estate owned to assets
2.41%Noncurrent loans to loans
2.73%Net loans and leases to deposits
101.37%Net loans and leases to core deposits
158.61%Equity capital to assets
11.06%Core capital (leverage) ratio
8.89%Tier 1 risk-based capital ratio
11.03%Total risk-based capital ratio
Memoranda
$12Average assets
$91,227Average earning assets
$17,791Average equity
$76,791Average loans

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