FDIC Certificate #: 26471 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Columbia Bank (#27446) Federal Reserve ID: 246433 Date Established: December 20, 1985 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 9129 FDIC's unique #: 33126 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: December 20, 1985 Last Structure Change Effective Date: June 07, 1999 Last Structure Change Process Date: July 07, 1999 Last Data Update: July 07, 1999 Data Source Date: April 05, 2012
Location
Address: 405 North Westshore Boulevard, Tampa, FL 33609 County: Hillsborough Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Tampa Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280) Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300) CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
Financial Summary
Total assets: $90.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
31Total employees (full-time equivalent)
$93,407Total assets
$8,581Cash and due from depository institutions
$0Interest-bearing balances
$48,770Securities
$1,300Federal funds sold & reverse repurchase agreements
$31,952Net loans & leases
$312Loan loss allowance
$0Trading account assets
$1,932Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$872All other assets
$93,407Total liabilities and capital
$86,381Total liabilities
$78,201Total deposits
$57,554Interest-bearing deposits
$78,201Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$1,180All other liabilities
$7,026Total equity capital
$7,026Total bank equity capital
$7,026Perpetual preferred stock
$0Common stock
$800Surplus
$1,160Undivided profits
Memoranda
$5,066Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$33Earning assets
$0Long-term assets (5+ years)
$200Average Assets, year-to-date
$82,022Average Assets, quarterly
$35,766Volatile liabilities
$85,609Insider loans
$90,750FHLB advances
$12,276Loans and leases held for sale
$107Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,774Total unused commitments
$0Restructured Loans and leases
$45,394Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$5,980Total interest income
$3,327Total interest expense
$2,653Net interest income
$40Provision for loan and lease losses
$670Total noninterest income
$0Fiduciary activities
$526Service charges on deposit accounts
$0Trading account gains & fees
$144Additional noninterest income
$1,981Total noninterest expense
$1,133Salaries and employee benefits
$242Premises and equipment expense
$606Additional noninterest expense
$1,302Pre-tax net operating income
$4Securities gains (losses)
$407Applicable income taxes
$899Income before extraordinary items
$0Extraordinary gains - net
$899Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$14Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.65%Yield on earning assets
4.25%Cost of funding earning assets
3.39%Net interest margin
0.86%Noninterest income to earning assets
2.53%Noninterest expense to earning assets
1.05%Net operating income to assets
1.05%Return on assets (ROA)
1.53%Pretax return on assets
13.47%Return on equity (ROE)
13.47%Retained earnings to average equity (YTD only)
-0.05%Net charge-offs to loans
-285.71%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,615Assets per employee
3.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
945.45%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.10%Net loans and leases to deposits
40.86%Net loans and leases to core deposits
48.47%Equity capital to assets
7.52%Core capital (leverage) ratio
7.89%Tier 1 risk-based capital ratio
15.41%Total risk-based capital ratio
Memoranda
$16Average assets
$85,609Average earning assets
$6,672Average equity
$78,197Average loans
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