Community Bank of the Islands in Sanibel, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 08, 1998

  • Community Bank of the Islands in Sanibel, Florida (FL)
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Community Bank of the Islands - Overview

  • General
  • FDIC Certificate #: 27164
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of America, National Association (#15802)
    Federal Reserve ID: 1165269
    Date Established: Febuary 04, 1988
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 38997
    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: Febuary 04, 1988
    Last Structure Change Effective Date: October 08, 1998
    Last Structure Change Process Date: October 20, 1998
    Last Data Update: October 20, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 2450 Periwinkle Way, Sanibel, FL 33957
    County: Lee
    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): Fort Myers-Cape Coral, FL (#2700)
    Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980)
    CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
  • Financial Summary
  • Total assets: $91.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $100,241Total assets
  • $5,701Cash and due from depository institutions
  • $0Interest-bearing balances
  • $23,106Securities
  • $17,000Federal funds sold & reverse repurchase agreements
  • $51,848Net loans & leases
  • $618Loan loss allowance
  • $0Trading account assets
  • $1,585Bank premises and fixed assets
  • $7Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $994All other assets
  • $100,241Total liabilities and capital
  • $87,900Total liabilities
  • $86,634Total deposits
  • $70,207Interest-bearing deposits
  • $86,634Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,266All other liabilities
  • $12,341Total equity capital
  • $12,341Total bank equity capital
  • $12,341Perpetual preferred stock
  • $0Common stock
  • $1,532Surplus
  • $2,200Undivided profits
  • Memoranda
  • $8,609Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $298Earning assets
  • $0Long-term assets (5+ years)
  • $329Average Assets, year-to-date
  • $91,954Average Assets, quarterly
  • $2,702Volatile liabilities
  • $96,387Insider loans
  • $92,999FHLB advances
  • $12,636Loans and leases held for sale
  • $3,259Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,501Total unused commitments
  • $0Restructured Loans and leases
  • $54,880Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $7,182Total interest income
  • $2,576Total interest expense
  • $4,606Net interest income
  • -$5Provision for loan and lease losses
  • $424Total noninterest income
  • $0Fiduciary activities
  • $288Service charges on deposit accounts
  • $0Trading account gains & fees
  • $136Additional noninterest income
  • $1,561Total noninterest expense
  • $744Salaries and employee benefits
  • $276Premises and equipment expense
  • $541Additional noninterest expense
  • $3,474Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,365Applicable income taxes
  • $2,109Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,109Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.00%Yield on earning assets
  • 2.87%Cost of funding earning assets
  • 5.13%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 1.74%Noninterest expense to earning assets
  • 2.19%Net operating income to assets
  • 2.19%Return on assets (ROA)
  • 3.60%Pretax return on assets
  • 18.75%Return on equity (ROE)
  • 18.75%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • -500.00%Credit loss provision to net charge-offs
  • 3469.00%Efficiency ratio
  • 31,034Assets per employee
  • 5.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 207.38%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.57%Net loans and leases to deposits
  • 59.85%Net loans and leases to core deposits
  • 70.07%Equity capital to assets
  • 12.31%Core capital (leverage) ratio
  • 13.65%Tier 1 risk-based capital ratio
  • 22.40%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $96,387Average earning assets
  • $11,250Average equity
  • $89,797Average loans

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