FDIC Certificate #: 34898 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Florida Community Bank, National Association (#58991) Federal Reserve ID: 2774079 Date Established: Febuary 17, 1999 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15445 FDIC's unique #: 61961 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: Febuary 17, 1999 Last Structure Change Effective Date: May 06, 2011 Last Structure Change Process Date: May 10, 2011 Last Data Update: May 10, 2011 Data Source Date: April 05, 2012
Location
Address: 1701 North Atlantic Avenue, Cocoa Beach, FL 32931 County: Brevard 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): Melbourne-Titusville-Palm Bay, FL (#4900) Core Based Statistical Area (CBSA): Palm Bay-Melbourne-Titusville, FL (#37340) CBSA Metro Statistical Area: Palm Bay-Melbourne-Titusville, FL (#37340)
Financial Summary
Total assets: $129.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
28Total employees (full-time equivalent)
$132,914Total assets
$13,276Cash and due from depository institutions
$12,524Interest-bearing balances
$0Securities
$12,000Federal funds sold & reverse repurchase agreements
$92,382Net loans & leases
$3,812Loan loss allowance
$0Trading account assets
$2,938Bank premises and fixed assets
$7,435Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,883All other assets
$132,914Total liabilities and capital
$126,167Total liabilities
$125,974Total deposits
$118,260Interest-bearing deposits
$125,974Deposits held in domestic offices
94.24%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$193All other liabilities
$6,747Total equity capital
$6,747Total bank equity capital
$6,747Perpetual preferred stock
$0Common stock
$8Surplus
$10,376Undivided profits
Memoranda
$-3,637Noncurrent loans and leases
$3,176Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$16,405Earning assets
$0Long-term assets (5+ years)
$493Average Assets, year-to-date
$116,906Average Assets, quarterly
$0Volatile liabilities
$144,667Insider loans
$137,899FHLB advances
$48,108Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,176Total unused commitments
$4,510Restructured Loans and leases
$1,278Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$6,242Total interest income
$2,677Total interest expense
$3,565Net interest income
$5,033Provision for loan and lease losses
-$772Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$772Additional noninterest income
$4,132Total noninterest expense
$2,101Salaries and employee benefits
$553Premises and equipment expense
$1,478Additional noninterest expense
-$6,372Pre-tax net operating income
$0Securities gains (losses)
-$2,398Applicable income taxes
-$3,974Income before extraordinary items
$0Extraordinary gains - net
-$3,974Net income attributable to bank
$0Net charge-offs
-$3,974Cash dividends
$3,620Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.81%Yield on earning assets
2.06%Cost of funding earning assets
2.75%Net interest margin
-0.60%Noninterest income to earning assets
3.19%Noninterest expense to earning assets
-2.75%Net operating income to assets
-2.75%Return on assets (ROA)
-4.40%Pretax return on assets
-43.48%Return on equity (ROE)
-43.48%Retained earnings to average equity (YTD only)
3.47%Net charge-offs to loans
139.03%Credit loss provision to net charge-offs
-0.37%Efficiency ratio
147,941Assets per employee
4.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.96%Loss allowance to noncurrent loans
23.24%Noncurrent assets plus other real estate owned to assets
17.91%Noncurrent loans to loans
17.05%Net loans and leases to deposits
73.33%Net loans and leases to core deposits
118.64%Equity capital to assets
5.08%Core capital (leverage) ratio
2.94%Tier 1 risk-based capital ratio
3.83%Total risk-based capital ratio
Memoranda
$5Average assets
$144,667Average earning assets
$9,140Average equity
$129,658Average loans
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