FDIC Certificate #: 57669 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Centennial Bank (#11241) Federal Reserve ID: 3218253 Date Established: October 28, 2003 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 17957 FDIC's unique #: 419363 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: October 28, 2003 Last Structure Change Effective Date: July 30, 2010 Last Structure Change Process Date: August 02, 2010 Last Data Update: August 02, 2010 Data Source Date: April 05, 2012
Location
Address: 202 Marina Drive, Port Saint Joe, FL 32457 County: Gulf Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $64.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$70,891Total assets
$16,431Cash and due from depository institutions
$15,475Interest-bearing balances
$3,989Securities
$0Federal funds sold & reverse repurchase agreements
$41,809Net loans & leases
$794Loan loss allowance
$0Trading account assets
$4,860Bank premises and fixed assets
$2,275Other real estate owned
$356Goodwill and other intangibles
$0Life insurance assets
$1,171All other assets
$70,891Total liabilities and capital
$69,809Total liabilities
$58,688Total deposits
$56,036Interest-bearing deposits
$58,688Deposits held in domestic offices
89.63%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,974Other borrowed funds
$0Subordinated debt
$147All other liabilities
$1,082Total equity capital
$1,082Total bank equity capital
$1,082Perpetual preferred stock
$0Common stock
$10Surplus
$20,290Undivided profits
Memoranda
$-19,218Noncurrent loans and leases
$2,998Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,062Earning assets
$0Long-term assets (5+ years)
$257Average Assets, year-to-date
$61,273Average Assets, quarterly
$0Volatile liabilities
$83,094Insider loans
$78,480FHLB advances
$27,475Loans and leases held for sale
$0Unused loan commitments
$10,974Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,998Total unused commitments
$3,140Restructured Loans and leases
$537Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$3,453Total interest income
$2,155Total interest expense
$1,298Net interest income
$5,264Provision for loan and lease losses
$48Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$48Additional noninterest income
$2,643Total noninterest expense
$949Salaries and employee benefits
$654Premises and equipment expense
$1,040Additional noninterest expense
-$6,561Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$6,561Income before extraordinary items
$0Extraordinary gains - net
-$6,561Net income attributable to bank
$0Net charge-offs
-$6,561Cash dividends
$5,316Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.25%Yield on earning assets
3.28%Cost of funding earning assets
1.97%Net interest margin
0.07%Noninterest income to earning assets
4.02%Noninterest expense to earning assets
-7.90%Net operating income to assets
-7.90%Return on assets (ROA)
-7.90%Pretax return on assets
-59.17%Return on equity (ROE)
-59.17%Retained earnings to average equity (YTD only)
10.23%Net charge-offs to loans
99.02%Credit loss provision to net charge-offs
-0.24%Efficiency ratio
183,358Assets per employee
4.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.86%Loss allowance to noncurrent loans
25.93%Noncurrent assets plus other real estate owned to assets
7.53%Noncurrent loans to loans
7.19%Net loans and leases to deposits
71.24%Net loans and leases to core deposits
99.10%Equity capital to assets
1.53%Core capital (leverage) ratio
1.03%Tier 1 risk-based capital ratio
1.70%Total risk-based capital ratio
Memoranda
$3Average assets
$83,094Average earning assets
$11,088Average equity
$65,801Average loans
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