Edison National Bank in Fort Myers, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Edison National Bank in Fort Myers, Florida (FL)
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Edison National Bank - Overview

  • General
  • FDIC Certificate #: 34489
    Status: Active
    Federal Reserve ID: 2594419
    Bank Holding Company (Regulatory Top Holder): Edison Bancshares, Inc. (RSSDID: 2591258, Location: Fort Myers, FL)
    Date Established: August 29, 1997
    WWW: http://www.edisonnationalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 3, Interstate: No)
    FDIC's unique #: 57680
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: August 29, 1997
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 13000 South Cleveland Avenue, Fort Myers, FL 33907
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $210.1 mil
    Equity capital: $17.3 mil
    Deposits held in domestic offices: $183.8 mil
    Return on assets (ROA): -0.14% (-$0.3 mil)
    Quarterly return on assets: -1.06% (-$2.2 mil)
    Return on Equity (ROE): -1.71% (-$0.3 mil)
    Quarterly return on equity: -12.34% (-$2.1 mil)
    Net income: -$0.3 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: -0.14% (-$294.2 mil)
    Quarterly Pretax return on assets: -1.06% (-$2,227.3 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, 2011)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $210,121Total assets
  • $70,647Cash and due from depository institutions
  • $68,152Interest-bearing balances
  • $27,292Securities
  • $418Federal funds sold & reverse repurchase agreements
  • $102,908Net loans & leases
  • $2,427Loan loss allowance
  • $0Trading account assets
  • $3,373Bank premises and fixed assets
  • $733Other real estate owned
  • $0Goodwill and other intangibles
  • $210,121Life insurance assets
  • $4,750All other assets
  • $192,837Total liabilities and capital
  • $183,827Total liabilities
  • $141,399Total deposits
  • $183,827Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 8066.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $944Subordinated debt
  • $17,284All other liabilities
  • $17,284Total equity capital
  • $17,284Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $13,400Surplus
  • $3,584Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,597Income earned, not collected on loans
  • $0Earning assets
  • $410Long-term assets (5+ years)
  • $198,770Average Assets, year-to-date
  • $51,012Average Assets, quarterly
  • $202,607Volatile liabilities
  • $203,584Insider loans
  • $106,344FHLB advances
  • $203,139Loans and leases held for sale
  • $2,853Unused loan commitments
  • $1,393Tier 1 (core) risk-based capital
  • $16,530Tier 2 risk-based capital
  • $1,460Total risk weighted assets
  • $0Total unused commitments
  • $24,124Restructured Loans and leases
  • $3,225Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,709Total interest income
  • $456Total interest expense
  • $6,253Net interest income
  • $2,013Provision for loan and lease losses
  • $821Total noninterest income
  • $0Fiduciary activities
  • $361Service charges on deposit accounts
  • $0Trading account gains & fees
  • $460Additional noninterest income
  • $5,872Total noninterest expense
  • $2,829Salaries and employee benefits
  • $935Premises and equipment expense
  • $2,108Additional noninterest expense
  • -$811Pre-tax net operating income
  • $523Securities gains (losses)
  • $0Applicable income taxes
  • -$288Income before extraordinary items
  • $0Extraordinary gains - net
  • -$288Net income attributable to bank
  • $0Net charge-offs
  • -$288Cash dividends
  • $1,987Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.50%Yield on earning assets
  • 0.24%Cost of funding earning assets
  • 3.26%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • -0.40%Net operating income to assets
  • -0.14%Return on assets (ROA)
  • -0.14%Pretax return on assets
  • -1.71%Return on equity (ROE)
  • -1.71%Retained earnings to average equity (YTD only)
  • 1.84%Net charge-offs to loans
  • 101.31%Credit loss provision to net charge-offs
  • 0.60%Efficiency ratio
  • 83,008Assets per employee
  • 5.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.30%Loss allowance to noncurrent loans
  • 151.97%Noncurrent assets plus other real estate owned to assets
  • 1.11%Noncurrent loans to loans
  • 1.52%Net loans and leases to deposits
  • 55.98%Net loans and leases to core deposits
  • 59.41%Equity capital to assets
  • 8.23%Core capital (leverage) ratio
  • 8.14%Tier 1 risk-based capital ratio
  • 15.54%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $202,607Average earning assets
  • $16,875Average equity
  • $191,608Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057680Edison National Bank13000 South Cleveland Avenue, Fort Myers, FL 33907August 29, 1997Full Service Brick and Mortar
    1290665Bank Of The Islands Branch1699 Periwinkle Way, Sanibel Island, FL 33957October 09, 1998Full Service Brick and Mortar
    3359909River District Office2105 First Street, Fort Myers, FL 33901March 30, 2001Full Service Brick and Mortar
    4529725Captiva Island Branch14812 Captiva Drive, Captiva, FL 33924Febuary 06, 2012Full Service Brick and Mortar

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