FDIC Certificate #: 27066 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Riverside National Bank of Florida (#24067) Federal Reserve ID: 1156388 Date Established: October 05, 1987 WWW:http://www.firstcommbank.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 10 (Interstate: No) FDIC's unique #: 38669 Numeric code: 13 Regulator: FED 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: October 05, 1987 Last Structure Change Effective Date: August 18, 2006 Last Structure Change Process Date: October 25, 2006 Last Data Update: October 25, 2006 Data Source Date: April 05, 2012
Location
Address: 21 South Charles Richard Beall Boulevard, Debary, FL 32713 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: $260.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
97Total employees (full-time equivalent)
$258,308Total assets
$6,778Cash and due from depository institutions
$0Interest-bearing balances
$38,073Securities
$23,220Federal funds sold & reverse repurchase agreements
$179,451Net loans & leases
$1,438Loan loss allowance
$0Trading account assets
$5,908Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,878All other assets
$258,308Total liabilities and capital
$240,056Total liabilities
$238,390Total deposits
$207,391Interest-bearing deposits
$238,390Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,666All other liabilities
$18,252Total equity capital
$18,252Total bank equity capital
$18,252Perpetual preferred stock
$0Common stock
$2,385Surplus
$4,190Undivided profits
Memoranda
$11,677Noncurrent loans and leases
$16,748Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$157Earning assets
$0Long-term assets (5+ years)
$1,275Average Assets, year-to-date
$240,744Average Assets, quarterly
$56,364Volatile liabilities
$244,304Insider loans
$255,014FHLB advances
$42,436Loans and leases held for sale
$3,050Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,748Total unused commitments
$0Restructured Loans and leases
$1,438Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$14,872Total interest income
$5,004Total interest expense
$9,868Net interest income
$295Provision for loan and lease losses
$846Total noninterest income
$0Fiduciary activities
$650Service charges on deposit accounts
$0Trading account gains & fees
$196Additional noninterest income
$6,195Total noninterest expense
$4,164Salaries and employee benefits
$720Premises and equipment expense
$1,311Additional noninterest expense
$4,224Pre-tax net operating income
$0Securities gains (losses)
$1,080Applicable income taxes
$3,144Income before extraordinary items
$0Extraordinary gains - net
$3,144Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$156Sale, conversion, retirement of capital stock, net
$958Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.56%Yield on earning assets
2.21%Cost of funding earning assets
4.35%Net interest margin
0.37%Noninterest income to earning assets
2.73%Noninterest expense to earning assets
1.29%Net operating income to assets
1.29%Return on assets (ROA)
1.73%Pretax return on assets
18.34%Return on equity (ROE)
12.75%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
189.10%Credit loss provision to net charge-offs
28.97%Efficiency ratio
57,822Assets per employee
2.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.47%Loss allowance to loans
0.79%Loss allowance to noncurrent loans
915.92%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.09%Net loans and leases to deposits
75.28%Net loans and leases to core deposits
91.58%Equity capital to assets
7.07%Core capital (leverage) ratio
7.13%Tier 1 risk-based capital ratio
10.12%Total risk-based capital ratio
Memoranda
$11Average assets
$244,304Average earning assets
$17,146Average equity
$226,792Average loans
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