Bank of Florida - Southwest in Naples, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 28, 2010

  • Bank of Florida - Southwest in Naples, Florida (FL)
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Bank of Florida - Southwest - Overview

  • General
  • FDIC Certificate #: 35106
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: EverBank (#34775)
    Federal Reserve ID: 2796615
    Date Established: August 24, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 74895
    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: August 24, 1999
    Last Structure Change Effective Date: May 28, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1185 Immokalee Road, Naples, FL 34110
    County: Collier
    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): Naples, FL (#5345)
    Core Based Statistical Area (CBSA): Naples-Marco Island, FL (#34940)
    CBSA Metro Statistical Area: Naples-Marco Island, FL (#34940)
  • Financial Summary
  • Total assets: $640.9 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
  • 127Total employees (full-time equivalent)
  • $659,926Total assets
  • $43,177Cash and due from depository institutions
  • $39,173Interest-bearing balances
  • $21,095Securities
  • $9,000Federal funds sold & reverse repurchase agreements
  • $540,089Net loans & leases
  • $22,353Loan loss allowance
  • $0Trading account assets
  • $19,354Bank premises and fixed assets
  • $13,661Other real estate owned
  • $818Goodwill and other intangibles
  • $2,215Life insurance assets
  • $12,732All other assets
  • $659,926Total liabilities and capital
  • $650,244Total liabilities
  • $553,178Total deposits
  • $510,266Interest-bearing deposits
  • $553,178Deposits held in domestic offices
  • 91.25%% insured (estimated)
  • $10,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $74,257Other borrowed funds
  • $10,000Subordinated debt
  • $2,809All other liabilities
  • $9,682Total equity capital
  • $9,682Total bank equity capital
  • $9,682Perpetual preferred stock
  • $0Common stock
  • $970Surplus
  • $104,446Undivided profits
  • Memoranda
  • $-95,734Noncurrent loans and leases
  • $38,644Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $82,240Earning assets
  • $0Long-term assets (5+ years)
  • $1,958Average Assets, year-to-date
  • $609,357Average Assets, quarterly
  • $115,738Volatile liabilities
  • $722,900Insider loans
  • $681,536FHLB advances
  • $160,172Loans and leases held for sale
  • $42,425Unused loan commitments
  • $74,257Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $38,644Total unused commitments
  • $28,634Restructured Loans and leases
  • $8,513Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $33,076Total interest income
  • $17,520Total interest expense
  • $15,556Net interest income
  • $40,303Provision for loan and lease losses
  • $6,135Total noninterest income
  • $0Fiduciary activities
  • $518Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,617Additional noninterest income
  • $73,321Total noninterest expense
  • $10,404Salaries and employee benefits
  • $3,624Premises and equipment expense
  • $59,293Additional noninterest expense
  • -$91,933Pre-tax net operating income
  • $1,933Securities gains (losses)
  • $5,766Applicable income taxes
  • -$95,766Income before extraordinary items
  • $0Extraordinary gains - net
  • -$95,766Net income attributable to bank
  • $0Net charge-offs
  • -$95,766Cash dividends
  • $33,728Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.16%Yield on earning assets
  • 2.73%Cost of funding earning assets
  • 2.43%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 11.45%Noninterest expense to earning assets
  • -13.51%Net operating income to assets
  • -13.25%Return on assets (ROA)
  • -12.45%Pretax return on assets
  • -136.38%Return on equity (ROE)
  • -136.38%Retained earnings to average equity (YTD only)
  • 5.63%Net charge-offs to loans
  • 119.49%Credit loss provision to net charge-offs
  • -1.53%Efficiency ratio
  • 104,117Assets per employee
  • 5.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.97%Loss allowance to noncurrent loans
  • 27.18%Noncurrent assets plus other real estate owned to assets
  • 14.53%Noncurrent loans to loans
  • 14.62%Net loans and leases to deposits
  • 97.63%Net loans and leases to core deposits
  • 126.19%Equity capital to assets
  • 1.47%Core capital (leverage) ratio
  • 1.24%Tier 1 risk-based capital ratio
  • 1.49%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $722,900Average earning assets
  • $70,221Average equity
  • $640,597Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $74,672Managed Assets
  • 1Number of Accounts
  • $8,910Personal trust and agency accounts
  • $8,542Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $368Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 72Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $65,762Other retirement accounts
  • $52,642Corporate trust and agency accounts
  • $340Other fiduciary accounts
  • $12,780Fiduciary accounts held in foreign offices

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