FDIC Certificate #: 17295 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BRANNEN BANK (#5676) Federal Reserve ID: 74337 Date Established: January 15, 1954 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 10330 FDIC's unique #: 11312 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 15, 1954 Last Structure Change Effective Date: Febuary 01, 2008 Last Structure Change Process Date: Febuary 28, 2008 Last Data Update: Febuary 28, 2008 Data Source Date: April 05, 2012
Location
Address: 865 N.E. Highway 19, Crystal River, FL 34429 County: Citrus 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 Core Based Statistical Area (CBSA): Homosassa Springs, FL (#26140) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $56.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
21Total employees (full-time equivalent)
$56,730Total assets
$4,026Cash and due from depository institutions
$2,275Interest-bearing balances
$11,802Securities
$286Federal funds sold & reverse repurchase agreements
$38,540Net loans & leases
$306Loan loss allowance
$0Trading account assets
$320Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,756All other assets
$56,730Total liabilities and capital
$52,890Total liabilities
$47,834Total deposits
$37,787Interest-bearing deposits
$47,834Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$56All other liabilities
$3,840Total equity capital
$3,840Total bank equity capital
$3,840Perpetual preferred stock
$0Common stock
$648Surplus
$2,551Undivided profits
Memoranda
$641Noncurrent loans and leases
$4,264Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6Earning assets
$0Long-term assets (5+ years)
$265Average Assets, year-to-date
$52,903Average Assets, quarterly
$34,339Volatile liabilities
$56,445Insider loans
$55,608FHLB advances
$7,149Loans and leases held for sale
$73Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,264Total unused commitments
$0Restructured Loans and leases
$306Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$3,178Total interest income
$1,190Total interest expense
$1,988Net interest income
$0Provision for loan and lease losses
$542Total noninterest income
$0Fiduciary activities
$449Service charges on deposit accounts
$0Trading account gains & fees
$93Additional noninterest income
$2,092Total noninterest expense
$1,005Salaries and employee benefits
$130Premises and equipment expense
$957Additional noninterest expense
$438Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$438Income before extraordinary items
$0Extraordinary gains - net
$438Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$440Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.05%Yield on earning assets
2.27%Cost of funding earning assets
3.79%Net interest margin
1.03%Noninterest income to earning assets
3.99%Noninterest expense to earning assets
0.78%Net operating income to assets
0.78%Return on assets (ROA)
0.78%Pretax return on assets
12.13%Return on equity (ROE)
-0.06%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
82,688Assets per employee
2.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.46%Loss allowance to loans
0.79%Loss allowance to noncurrent loans
5100.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
80.57%Net loans and leases to core deposits
94.73%Equity capital to assets
6.77%Core capital (leverage) ratio
6.62%Tier 1 risk-based capital ratio
12.73%Total risk-based capital ratio
Memoranda
$14Average assets
$56,445Average earning assets
$3,611Average equity
$52,495Average loans
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