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

This bank is inactive as of October 02, 1997

  • First Independence Bank of Florida in Fort Myers, Florida (FL)
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First Independence Bank of Florida - Overview

  • General
  • FDIC Certificate #: 23929
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 68336
    Date Established: July 27, 1982
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 16701
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 27, 1982
    Last Structure Change Effective Date: October 02, 1997
    Last Structure Change Process Date: November 17, 1997
    Last Data Update: November 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 16740 San Carlos Boulevard, S.W., Fort Myers, FL 33908
    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)
  • Financial Summary
  • Total assets: $65.0 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)
  • $37Total assets
  • $62,478Cash and due from depository institutions
  • $4,527Interest-bearing balances
  • $0Securities
  • $5,342Federal funds sold & reverse repurchase agreements
  • $3,289Net loans & leases
  • $46,554Loan loss allowance
  • $690Trading account assets
  • $0Bank premises and fixed assets
  • $1,478Other real estate owned
  • $606Goodwill and other intangibles
  • $682Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $62,478Total liabilities
  • $57,981Total deposits
  • $57,687Interest-bearing deposits
  • $46,429Deposits held in domestic offices
  • 57687.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $294Total equity capital
  • $294Total bank equity capital
  • $4,497Perpetual preferred stock
  • $0Common stock
  • $2,646Surplus
  • $2,551Undivided profits
  • Memoranda
  • $-700Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $62Income earned, not collected on loans
  • $306Earning assets
  • $55,185Long-term assets (5+ years)
  • $2,165Average Assets, year-to-date
  • $53,207Average Assets, quarterly
  • $58,489Volatile liabilities
  • $5,847Insider loans
  • $2,904FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,355Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,521Total risk weighted assets
  • $45,367Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,034Total interest expense
  • $1,692Net interest income
  • $2,342Provision for loan and lease losses
  • $108Total noninterest income
  • $496Fiduciary activities
  • $0Service charges on deposit accounts
  • $260Trading account gains & fees
  • $0Additional noninterest income
  • $236Total noninterest expense
  • $2,243Salaries and employee benefits
  • $1,131Premises and equipment expense
  • $475Additional noninterest expense
  • $637Pre-tax net operating income
  • $487Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • $487Extraordinary gains - net
  • $0Net income attributable to bank
  • $487Net charge-offs
  • $61Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.65%Cost of funding earning assets
  • 3.63%Net interest margin
  • 5.02%Noninterest income to earning assets
  • 1.06%Noninterest expense to earning assets
  • 4.81%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 0.92%Return on equity (ROE)
  • 11.31%Retained earnings to average equity (YTD only)
  • 11.31%Net charge-offs to loans
  • 0.15%Credit loss provision to net charge-offs
  • 177.05%Efficiency ratio
  • 79,035Assets per employee
  • 1.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 1112.90%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 80.70%Net loans and leases to core deposits
  • 89.80%Equity capital to assets
  • 7.20%Core capital (leverage) ratio
  • 7.66%Tier 1 risk-based capital ratio
  • 9.97%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $53,207Average earning assets
  • $4,307Average equity
  • $46,612Average loans

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