First Community Bank of Southwest Florida in Fort Myers, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank of Southwest Florida - Overview

  • General
  • FDIC Certificate #: 34943
    Status: Active
    Federal Reserve ID: 2783660
    Bank Holding Company (Regulatory Top Holder): Southwest Florida Community Bancorp, Inc. (RSSDID: 3073779, Location: Fort Myers, FL)
    Date Established: March 01, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 62117
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 01, 1999
    Last Structure Change Effective Date: April 25, 2009
    Last Structure Change Process Date: May 20, 2009
    Last Data Update: May 20, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1565 Red Cedar Drive, 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
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $287.2 mil
    Equity capital: $10.6 mil
    Deposits held in domestic offices: $267.6 mil
    Return on assets (ROA): -1.75% (-$5.0 mil)
    Quarterly return on assets: -0.85% (-$2.4 mil)
    Return on Equity (ROE): -46.19% (-$5.1 mil)
    Quarterly return on equity: -23.12% (-$2.5 mil)
    Net income: -$5.3 mil
    Quarterly Net income: -$0.6 mil
    Pretax return on assets: -1.75% (-$5,025.2 mil)
    Quarterly Pretax return on assets: -0.85% (-$2,440.8 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
  • 56Total employees (full-time equivalent)
  • $287,155Total assets
  • $12,126Cash and due from depository institutions
  • $8,212Interest-bearing balances
  • $34,162Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $195,310Net loans & leases
  • $6,119Loan loss allowance
  • $0Trading account assets
  • $13,427Bank premises and fixed assets
  • $29,001Other real estate owned
  • $0Goodwill and other intangibles
  • $287,155Life insurance assets
  • $3,129All other assets
  • $276,605Total liabilities and capital
  • $267,625Total liabilities
  • $228,650Total deposits
  • $267,625Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,291Trading liabilities
  • $0Other borrowed funds
  • $689Subordinated debt
  • $10,550All other liabilities
  • $10,550Total equity capital
  • $10,550Total bank equity capital
  • $0Perpetual preferred stock
  • $3,800Common stock
  • $30,192Surplus
  • $-23,442Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,736Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,772Income earned, not collected on loans
  • $0Earning assets
  • $899Long-term assets (5+ years)
  • $237,684Average Assets, year-to-date
  • $85,806Average Assets, quarterly
  • $305,022Volatile liabilities
  • $294,372Insider loans
  • $223,520FHLB advances
  • $294,898Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,084Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,456Restructured Loans and leases
  • $7,295Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,729Total interest income
  • $5,163Total interest expense
  • $7,566Net interest income
  • $2,706Provision for loan and lease losses
  • -$238Total noninterest income
  • $0Fiduciary activities
  • $243Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$481Additional noninterest income
  • $10,384Total noninterest expense
  • $4,344Salaries and employee benefits
  • $1,593Premises and equipment expense
  • $4,447Additional noninterest expense
  • -$5,762Pre-tax net operating income
  • $439Securities gains (losses)
  • $0Applicable income taxes
  • -$5,323Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,323Net income attributable to bank
  • $0Net charge-offs
  • -$5,323Cash dividends
  • $3,047Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 1.98%Cost of funding earning assets
  • 2.90%Net interest margin
  • -0.09%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • -1.89%Net operating income to assets
  • -1.75%Return on assets (ROA)
  • -1.75%Pretax return on assets
  • -46.19%Return on equity (ROE)
  • -46.19%Retained earnings to average equity (YTD only)
  • 1.40%Net charge-offs to loans
  • 88.81%Credit loss provision to net charge-offs
  • -1.00%Efficiency ratio
  • 141,703Assets per employee
  • 5.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.04%Loss allowance to noncurrent loans
  • 106.01%Noncurrent assets plus other real estate owned to assets
  • 12.11%Noncurrent loans to loans
  • 2.87%Net loans and leases to deposits
  • 72.98%Net loans and leases to core deposits
  • 77.13%Equity capital to assets
  • 3.67%Core capital (leverage) ratio
  • 3.42%Tier 1 risk-based capital ratio
  • 4.51%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $305,022Average earning assets
  • $11,524Average equity
  • $260,689Average loans

List of branches

  • 8 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    062117First Community Bank Of Southwest Fl1565 Red Cedar Drive, Fort Myers, FL 33907March 01, 1999Full Service Brick and Mortar
    2418473Messenger Service Branch1565 Red Cedar Drive, Fort Myers, FL 33907October 01, 1999Limited Service Messenger
    3451807Daniels Parkway Branch5200 Daniels Parkway, Fort Myers, FL 33912October 14, 2005Full Service Brick and Mortar
    4481689Bonita Springs28235 South Tamiami Trail, Bonita Springs, FL 34134September 02, 2008Full Service Brick and Mortar
    5482981Forum Branch3414 Forum Blvd, Fort Myers, FL 33905November 03, 2008Full Service Brick and Mortar
    6425188Hancock Branch61 Hancock Bridge Parkway West, Cape Coral, FL 33991August 11, 2004Full Service Brick and Mortar
    7445237Downtown Cape Coral Branch1645 Se 47th Terrace, Cape Coral, FL 33904October 20, 2005Full Service Brick and Mortar
    8465225Gulf Coast Village Branch1333 Santa Barbara Blvd, Cape Coral, FL 33991September 11, 2006Full Service Brick and Mortar

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