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- Banks in Florida (FL)
- Bank of Florida - Southwest
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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- Banks in Florida (FL)
- Bank of Florida - Southwest
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