FDIC Certificate #: 34870 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Florida Community Bank, National Association (#58991) Federal Reserve ID: 2803223 Date Established: April 26, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) FDIC's unique #: 61932 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: April 26, 1999 Last Structure Change Effective Date: July 15, 2011 Last Structure Change Process Date: July 18, 2011 Last Data Update: July 18, 2011 Data Source Date: April 05, 2012
Location
Address: 1301 S.E. Port Saint Lucie Boulevard, Port Saint Lucie, FL 34952 County: St. Lucie 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 Pierce-Port St. Lucie, FL (#2710) Combined Statistical Area (CSA): Port St. Lucie-Sebastian-Vero Beach, FL (#442) Core Based Statistical Area (CBSA): Port St. Lucie, FL (#38940) CBSA Metro Statistical Area: Port St. Lucie, FL (#38940)
Financial Summary
Total assets: $225.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
72Total employees (full-time equivalent)
$232,370Total assets
$12,115Cash and due from depository institutions
$10,939Interest-bearing balances
$37,731Securities
$104Federal funds sold & reverse repurchase agreements
$161,946Net loans & leases
$4,809Loan loss allowance
$0Trading account assets
$4,993Bank premises and fixed assets
$8,591Other real estate owned
$0Goodwill and other intangibles
$3,138Life insurance assets
$6,890All other assets
$232,370Total liabilities and capital
$225,751Total liabilities
$209,689Total deposits
$190,030Interest-bearing deposits
$209,689Deposits held in domestic offices
95.18%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,600Other borrowed funds
$0Subordinated debt
$1,462All other liabilities
$6,619Total equity capital
$6,619Total bank equity capital
$6,619Perpetual preferred stock
$0Common stock
$2,447Surplus
$22,363Undivided profits
Memoranda
$-18,191Noncurrent loans and leases
$10,729Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12,362Earning assets
$2,126Long-term assets (5+ years)
$884Average Assets, year-to-date
$210,720Average Assets, quarterly
$55,059Volatile liabilities
$247,656Insider loans
$236,503FHLB advances
$56,212Loans and leases held for sale
$4,836Unused loan commitments
$14,600Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,729Total unused commitments
$10,744Restructured Loans and leases
$2,138Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$11,920Total interest income
$4,121Total interest expense
$7,799Net interest income
$5,679Provision for loan and lease losses
-$392Total noninterest income
$0Fiduciary activities
$683Service charges on deposit accounts
$0Trading account gains & fees
-$1,075Additional noninterest income
$9,810Total noninterest expense
$3,637Salaries and employee benefits
$1,494Premises and equipment expense
$4,679Additional noninterest expense
-$8,082Pre-tax net operating income
$809Securities gains (losses)
$372Applicable income taxes
-$7,645Income before extraordinary items
$0Extraordinary gains - net
-$7,645Net income attributable to bank
$0Net charge-offs
-$7,645Cash dividends
$5,600Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.26%Yield on earning assets
1.82%Cost of funding earning assets
3.44%Net interest margin
-0.17%Noninterest income to earning assets
4.33%Noninterest expense to earning assets
-3.41%Net operating income to assets
-3.09%Return on assets (ROA)
-2.94%Pretax return on assets
-70.02%Return on equity (ROE)
-70.02%Retained earnings to average equity (YTD only)
3.11%Net charge-offs to loans
101.41%Credit loss provision to net charge-offs
-0.43%Efficiency ratio
132,442Assets per employee
3.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.88%Loss allowance to noncurrent loans
38.90%Noncurrent assets plus other real estate owned to assets
9.02%Noncurrent loans to loans
7.41%Net loans and leases to deposits
77.23%Net loans and leases to core deposits
98.76%Equity capital to assets
2.85%Core capital (leverage) ratio
3.02%Tier 1 risk-based capital ratio
4.30%Total risk-based capital ratio
Memoranda
$6Average assets
$247,656Average earning assets
$10,918Average equity
$226,554Average loans
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