Coquina Bank in Ormond Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 20, 2004

  • Coquina Bank in Ormond Beach, Florida (FL)
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Coquina Bank - Overview

  • General
  • FDIC Certificate #: 34675
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Cypress Coquina Bank (#35108)
    Federal Reserve ID: 2655507
    Date Established: March 30, 1998
    WWW: http://www.coquinabank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 61127
    Numeric code: 21
    Regulator: FDIC
    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: March 30, 1998
    Last Structure Change Effective Date: August 20, 2004
    Last Structure Change Process Date: September 16, 2004
    Last Data Update: September 16, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1020 West Granada Boulevard, Ormond Beach, FL 32174
    County: Volusia
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Daytona Beach, FL (#2020)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660)
    CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660)
  • Financial Summary
  • Total assets: $114.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $100,352Total assets
  • $5,749Cash and due from depository institutions
  • $0Interest-bearing balances
  • $7,873Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $81,038Net loans & leases
  • $1,056Loan loss allowance
  • $0Trading account assets
  • $4,838Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $854All other assets
  • $100,352Total liabilities and capital
  • $89,282Total liabilities
  • $87,386Total deposits
  • $67,003Interest-bearing deposits
  • $87,386Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,791Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $105All other liabilities
  • $11,070Total equity capital
  • $11,070Total bank equity capital
  • $11,070Perpetual preferred stock
  • $0Common stock
  • $4,113Surplus
  • $2,385Undivided profits
  • Memoranda
  • $4,572Noncurrent loans and leases
  • $19,534Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $106Earning assets
  • $0Long-term assets (5+ years)
  • $330Average Assets, year-to-date
  • $88,911Average Assets, quarterly
  • $3,521Volatile liabilities
  • $97,449Insider loans
  • $99,388FHLB advances
  • $12,738Loans and leases held for sale
  • $4,886Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,534Total unused commitments
  • $0Restructured Loans and leases
  • $1,056Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $5,291Total interest income
  • $1,066Total interest expense
  • $4,225Net interest income
  • $196Provision for loan and lease losses
  • $390Total noninterest income
  • $0Fiduciary activities
  • $281Service charges on deposit accounts
  • $0Trading account gains & fees
  • $109Additional noninterest income
  • $2,347Total noninterest expense
  • $1,095Salaries and employee benefits
  • $396Premises and equipment expense
  • $856Additional noninterest expense
  • $2,072Pre-tax net operating income
  • $0Securities gains (losses)
  • $730Applicable income taxes
  • $1,342Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,342Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $26Sale, conversion, retirement of capital stock, net
  • $87Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.18%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 4.93%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.74%Noninterest expense to earning assets
  • 1.38%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 2.13%Pretax return on assets
  • 12.84%Return on equity (ROE)
  • 12.01%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 753.85%Credit loss provision to net charge-offs
  • 87.23%Efficiency ratio
  • 50,856Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 6.48%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 996.23%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 92.74%Net loans and leases to core deposits
  • 106.02%Equity capital to assets
  • 11.03%Core capital (leverage) ratio
  • 10.94%Tier 1 risk-based capital ratio
  • 12.62%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $97,449Average earning assets
  • $10,450Average equity
  • $85,651Average loans

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