First Commercial Bank of Tampa Bay in Tampa, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 17, 2011

  • First Commercial Bank of Tampa Bay in Tampa, Florida (FL)
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First Commercial Bank of Tampa Bay - Overview

  • General
  • FDIC Certificate #: 27583
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Stonegate Bank (#57934)
    Federal Reserve ID: 1402629
    Date Established: September 13, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 13776
    FDIC's unique #: 40415
    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: September 13, 1989
    Last Structure Change Effective Date: June 17, 2011
    Last Structure Change Process Date: June 20, 2011
    Last Data Update: June 20, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 4600 West Kennedy Boulevard, Tampa, FL 33609
    County: Hillsborough
    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): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • Financial Summary
  • Total assets: $98.6 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, 2010)

  • Dollar figures in thousands
  • 29Total employees (full-time equivalent)
  • $102,612Total assets
  • $12,277Cash and due from depository institutions
  • $11,548Interest-bearing balances
  • $12,941Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $69,300Net loans & leases
  • $4,486Loan loss allowance
  • $0Trading account assets
  • $1,162Bank premises and fixed assets
  • $5,118Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,814All other assets
  • $102,612Total liabilities and capital
  • $100,143Total liabilities
  • $95,600Total deposits
  • $88,965Interest-bearing deposits
  • $95,600Deposits held in domestic offices
  • 98.31%% insured (estimated)
  • $3,739Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $300Other borrowed funds
  • $0Subordinated debt
  • $504All other liabilities
  • $2,469Total equity capital
  • $2,469Total bank equity capital
  • $2,469Perpetual preferred stock
  • $0Common stock
  • $5Surplus
  • $13,478Undivided profits
  • Memoranda
  • $-11,014Noncurrent loans and leases
  • $5,917Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $11,390Earning assets
  • $0Long-term assets (5+ years)
  • $372Average Assets, year-to-date
  • $93,789Average Assets, quarterly
  • $18,582Volatile liabilities
  • $122,310Insider loans
  • $106,599FHLB advances
  • $27,818Loans and leases held for sale
  • $830Unused loan commitments
  • $300Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,917Total unused commitments
  • $3,635Restructured Loans and leases
  • $1,013Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $5,118Total interest income
  • $2,190Total interest expense
  • $2,928Net interest income
  • $4,485Provision for loan and lease losses
  • $928Total noninterest income
  • $0Fiduciary activities
  • $145Service charges on deposit accounts
  • $0Trading account gains & fees
  • $783Additional noninterest income
  • $5,234Total noninterest expense
  • $2,105Salaries and employee benefits
  • $784Premises and equipment expense
  • $2,345Additional noninterest expense
  • -$5,863Pre-tax net operating income
  • $13Securities gains (losses)
  • -$242Applicable income taxes
  • -$5,608Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,608Net income attributable to bank
  • $0Net charge-offs
  • -$5,608Cash dividends
  • $5,345Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.56%Yield on earning assets
  • 1.95%Cost of funding earning assets
  • 2.61%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 4.66%Noninterest expense to earning assets
  • -4.60%Net operating income to assets
  • -4.59%Return on assets (ROA)
  • -4.78%Pretax return on assets
  • -63.86%Return on equity (ROE)
  • -63.86%Retained earnings to average equity (YTD only)
  • 6.31%Net charge-offs to loans
  • 83.91%Credit loss provision to net charge-offs
  • -0.26%Efficiency ratio
  • 135,737Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.08%Loss allowance to noncurrent loans
  • 39.39%Noncurrent assets plus other real estate owned to assets
  • 16.09%Noncurrent loans to loans
  • 15.44%Net loans and leases to deposits
  • 72.49%Net loans and leases to core deposits
  • 96.73%Equity capital to assets
  • 2.41%Core capital (leverage) ratio
  • 2.16%Tier 1 risk-based capital ratio
  • 2.96%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $122,310Average earning assets
  • $8,782Average equity
  • $112,325Average loans

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