Florida Community Bank in Immokalee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 29, 2010

  • Florida Community Bank in Immokalee, Florida (FL)
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Florida Community Bank - Overview

  • General
  • FDIC Certificate #: 5672
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Florida Community Bank, National Association (#58991)
    Federal Reserve ID: 92630
    Date Established: July 07, 1923
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 15897
    FDIC's unique #: 3858
    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: January 01, 1934
    Last Structure Change Effective Date: January 29, 2010
    Last Structure Change Process Date: Febuary 01, 2010
    Last Data Update: Febuary 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1400 North 15th Street, Immokalee, FL 34142
    County: Collier
    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): Naples, FL (#5345)
    Core Based Statistical Area (CBSA): Naples-Marco Island, FL (#34940)
    CBSA Metro Statistical Area: Naples-Marco Island, FL (#34940)
  • Financial Summary
  • Total assets: $835.7 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, 2009)

  • Dollar figures in thousands
  • 151Total employees (full-time equivalent)
  • $835,701Total assets
  • $79,986Cash and due from depository institutions
  • $75,713Interest-bearing balances
  • $113,242Securities
  • $8,067Federal funds sold & reverse repurchase agreements
  • $497,053Net loans & leases
  • $55,705Loan loss allowance
  • $0Trading account assets
  • $23,854Bank premises and fixed assets
  • $88,341Other real estate owned
  • $0Goodwill and other intangibles
  • $91Life insurance assets
  • $25,158All other assets
  • $835,701Total liabilities and capital
  • $833,936Total liabilities
  • $776,556Total deposits
  • $726,799Interest-bearing deposits
  • $776,556Deposits held in domestic offices
  • 99.79%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $50,000Other borrowed funds
  • $0Subordinated debt
  • $7,380All other liabilities
  • $1,765Total equity capital
  • $1,765Total bank equity capital
  • $1,765Perpetual preferred stock
  • $0Common stock
  • $8,330Surplus
  • $34,406Undivided profits
  • Memoranda
  • $-40,971Noncurrent loans and leases
  • $23,490Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $229,045Earning assets
  • $0Long-term assets (5+ years)
  • $2,254Average Assets, year-to-date
  • $694,075Average Assets, quarterly
  • $98,037Volatile liabilities
  • $909,144Insider loans
  • $855,587FHLB advances
  • $31,365Loans and leases held for sale
  • $2,120Unused loan commitments
  • $50,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $23,490Total unused commitments
  • $2,784Restructured Loans and leases
  • $1,889Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $30,423Total interest income
  • $28,817Total interest expense
  • $1,606Net interest income
  • $41,230Provision for loan and lease losses
  • $1,879Total noninterest income
  • $0Fiduciary activities
  • $1,513Service charges on deposit accounts
  • $0Trading account gains & fees
  • $366Additional noninterest income
  • $28,730Total noninterest expense
  • $9,642Salaries and employee benefits
  • $3,842Premises and equipment expense
  • $15,246Additional noninterest expense
  • -$66,475Pre-tax net operating income
  • $3,124Securities gains (losses)
  • -$14,500Applicable income taxes
  • -$48,851Income before extraordinary items
  • $0Extraordinary gains - net
  • -$48,851Net income attributable to bank
  • $0Net charge-offs
  • -$48,851Cash dividends
  • $21,915Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.97%Yield on earning assets
  • 3.76%Cost of funding earning assets
  • 0.21%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 3.75%Noninterest expense to earning assets
  • -5.64%Net operating income to assets
  • -5.37%Return on assets (ROA)
  • -6.97%Pretax return on assets
  • -156.63%Return on equity (ROE)
  • -156.63%Retained earnings to average equity (YTD only)
  • 3.76%Net charge-offs to loans
  • 188.14%Credit loss provision to net charge-offs
  • -1.15%Efficiency ratio
  • 824,390Assets per employee
  • 5.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 10.08%Loss allowance to noncurrent loans
  • 24.32%Noncurrent assets plus other real estate owned to assets
  • 37.98%Noncurrent loans to loans
  • 41.44%Net loans and leases to deposits
  • 64.01%Net loans and leases to core deposits
  • 66.70%Equity capital to assets
  • 0.21%Core capital (leverage) ratio
  • 0.22%Tier 1 risk-based capital ratio
  • 0.30%Total risk-based capital ratio
  • Memoranda
  • $1Average assets
  • $909,144Average earning assets
  • $31,188Average equity
  • $767,017Average loans

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