First Commerce Bank of Polk County in Winter Haven, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1997

  • First Commerce Bank of Polk County in Winter Haven, Florida (FL)
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First Commerce Bank of Polk County - Overview

  • General
  • FDIC Certificate #: 23669
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 35431
    Date Established: January 29, 1982
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 16559
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 29, 1982
    Last Structure Change Effective Date: July 01, 1997
    Last Structure Change Process Date: July 28, 1997
    Last Data Update: July 28, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 141 Central Avenue East, Winter Haven, FL 33880
    County: Polk
    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): Lakeland-Winter Haven, FL (#3980)
    Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460)
    CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
  • Financial Summary
  • Total assets: $97.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $61Total assets
  • $105,420Cash and due from depository institutions
  • $5,762Interest-bearing balances
  • $0Securities
  • $21,702Federal funds sold & reverse repurchase agreements
  • $7,688Net loans & leases
  • $66,446Loan loss allowance
  • $1,419Trading account assets
  • $0Bank premises and fixed assets
  • $1,302Other real estate owned
  • $79Goodwill and other intangibles
  • $2,412Life insurance assets
  • $29All other assets
  • $0Total liabilities and capital
  • $105,420Total liabilities
  • $96,025Total deposits
  • $95,635Interest-bearing deposits
  • $76,796Deposits held in domestic offices
  • 95635.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $390Total equity capital
  • $390Total bank equity capital
  • $9,395Perpetual preferred stock
  • $0Common stock
  • $1,450Surplus
  • $3,659Undivided profits
  • Memoranda
  • $4,286Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,636Income earned, not collected on loans
  • $563Earning assets
  • $95,836Long-term assets (5+ years)
  • $4,516Average Assets, year-to-date
  • $108,148Average Assets, quarterly
  • $104,829Volatile liabilities
  • $6,777Insider loans
  • $3,911FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $6,372Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,399Total risk weighted assets
  • $72,718Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,919Total interest expense
  • $3,603Net interest income
  • $5,316Provision for loan and lease losses
  • $1,091Total noninterest income
  • $914Fiduciary activities
  • $0Service charges on deposit accounts
  • $726Trading account gains & fees
  • $0Additional noninterest income
  • $188Total noninterest expense
  • $4,864Salaries and employee benefits
  • $2,382Premises and equipment expense
  • $774Additional noninterest expense
  • $1,708Pre-tax net operating income
  • $275Securities gains (losses)
  • $2Applicable income taxes
  • $38Income before extraordinary items
  • $239Extraordinary gains - net
  • $0Net income attributable to bank
  • $239Net charge-offs
  • $703Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $750Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.02%Cost of funding earning assets
  • 3.64%Net interest margin
  • 5.38%Noninterest income to earning assets
  • 0.92%Noninterest expense to earning assets
  • 4.92%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.22%Pretax return on assets
  • 0.26%Return on equity (ROE)
  • 2.70%Retained earnings to average equity (YTD only)
  • 2.70%Net charge-offs to loans
  • 1.01%Credit loss provision to net charge-offs
  • 155.19%Efficiency ratio
  • 77,689Assets per employee
  • 1.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.09%Loss allowance to noncurrent loans
  • 53.83%Noncurrent assets plus other real estate owned to assets
  • 2.58%Noncurrent loans to loans
  • 3.88%Net loans and leases to deposits
  • 69.48%Net loans and leases to core deposits
  • 74.78%Equity capital to assets
  • 8.91%Core capital (leverage) ratio
  • 8.92%Tier 1 risk-based capital ratio
  • 12.93%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $108,148Average earning assets
  • $8,840Average equity
  • $98,868Average loans

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