Community Bank of Charlotte in Charlotte, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 28, 1994

  • Community Bank of Charlotte in Charlotte, Florida (FL)
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Community Bank of Charlotte - Overview

  • General
  • FDIC Certificate #: 27327
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank of Southwest Florida National Association (#26630)
    Federal Reserve ID: 1216143
    Date Established: August 29, 1988
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 39581
    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: August 29, 1988
    Last Structure Change Effective Date: September 28, 1994
    Last Structure Change Process Date: October 19, 1994
    Last Data Update: October 19, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 4045 Tamiami Trail, Charlotte, FL 33952
    County: Charlotte
    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): Punta Gorda, FL (#6580)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): Punta Gorda, FL (#39460)
    CBSA Metro Statistical Area: Punta Gorda, FL (#39460)
  • Financial Summary
  • Total assets: $52.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $14Total assets
  • $41,052Cash and due from depository institutions
  • $1,602Interest-bearing balances
  • $361Securities
  • $4,240Federal funds sold & reverse repurchase agreements
  • $3,961Net loans & leases
  • $29,564Loan loss allowance
  • $346Trading account assets
  • $0Bank premises and fixed assets
  • $284Other real estate owned
  • $659Goodwill and other intangibles
  • $699Life insurance assets
  • $43All other assets
  • $0Total liabilities and capital
  • $41,052Total liabilities
  • $35,600Total deposits
  • $35,306Interest-bearing deposits
  • $31,181Deposits held in domestic offices
  • 35306.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $294Total equity capital
  • $294Total bank equity capital
  • $5,452Perpetual preferred stock
  • $0Common stock
  • $2,579Surplus
  • $2,450Undivided profits
  • Memoranda
  • $423Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $408Income earned, not collected on loans
  • $498Earning assets
  • $38,126Long-term assets (5+ years)
  • $8,428Average Assets, year-to-date
  • $39,302Average Assets, quarterly
  • $39,932Volatile liabilities
  • $3,527Insider loans
  • $487FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,953Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,409Total risk weighted assets
  • $27,080Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,793Total interest expense
  • $1,278Net interest income
  • $1,515Provision for loan and lease losses
  • $50Total noninterest income
  • $105Fiduciary activities
  • $0Service charges on deposit accounts
  • $90Trading account gains & fees
  • $0Additional noninterest income
  • $15Total noninterest expense
  • $1,237Salaries and employee benefits
  • $523Premises and equipment expense
  • $158Additional noninterest expense
  • $556Pre-tax net operating income
  • $333Securities gains (losses)
  • $22Applicable income taxes
  • $118Income before extraordinary items
  • $237Extraordinary gains - net
  • -$145Net income attributable to bank
  • $92Net charge-offs
  • $62Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $18Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.77%Cost of funding earning assets
  • 3.55%Net interest margin
  • 4.21%Noninterest income to earning assets
  • 0.29%Noninterest expense to earning assets
  • 3.44%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 0.53%Return on equity (ROE)
  • 1.68%Retained earnings to average equity (YTD only)
  • 1.68%Net charge-offs to loans
  • 0.22%Credit loss provision to net charge-offs
  • 80.65%Efficiency ratio
  • 74,938Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 84.80%Noncurrent assets plus other real estate owned to assets
  • 2.60%Noncurrent loans to loans
  • 1.36%Net loans and leases to deposits
  • 83.74%Net loans and leases to core deposits
  • 93.03%Equity capital to assets
  • 13.28%Core capital (leverage) ratio
  • 14.10%Tier 1 risk-based capital ratio
  • 19.97%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $39,302Average earning assets
  • $5,461Average equity
  • $35,966Average loans

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