FDIC Certificate #: 34921 Status: Inactive Federal Reserve ID: 2848345 Date Established: September 20, 1999 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15494 FDIC's unique #: 62038 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: September 20, 1999 Last Structure Change Effective Date: June 28, 2002 Last Structure Change Process Date: January 17, 2003 Last Data Update: January 17, 2003 Data Source Date: April 05, 2012
Location
Address: 270 North Palafox Street, Pensacola, FL 32501 County: Escambia Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Pensacola, FL (#6080) Core Based Statistical Area (CBSA): Pensacola-Ferry Pass-Brent, FL (#37860) CBSA Metro Statistical Area: Pensacola-Ferry Pass-Brent, FL (#37860)
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $24.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2001)
Dollar figures in thousands
34Total employees (full-time equivalent)
$80,725Total assets
$10,881Cash and due from depository institutions
$9,043Interest-bearing balances
$44,655Securities
$10,411Federal funds sold & reverse repurchase agreements
$13,158Net loans & leases
$184Loan loss allowance
$0Trading account assets
$941Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$679All other assets
$80,725Total liabilities and capital
$64,125Total liabilities
$63,834Total deposits
$63,834Interest-bearing deposits
$63,834Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$291All other liabilities
$16,600Total equity capital
$16,600Total bank equity capital
$16,600Perpetual preferred stock
$0Common stock
$0Surplus
$25,000Undivided profits
Memoranda
$-8,400Noncurrent loans and leases
$6,458Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$127Earning assets
$0Long-term assets (5+ years)
$65Average Assets, year-to-date
$77,267Average Assets, quarterly
$0Volatile liabilities
$86,931Insider loans
$89,502FHLB advances
$16,720Loans and leases held for sale
$8Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,458Total unused commitments
$12Restructured Loans and leases
$184Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$5,464Total interest income
$3,882Total interest expense
$1,582Net interest income
$301Provision for loan and lease losses
$619Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$619Additional noninterest income
$5,866Total noninterest expense
$2,856Salaries and employee benefits
$1,187Premises and equipment expense
$1,823Additional noninterest expense
-$3,966Pre-tax net operating income
$74Securities gains (losses)
$0Applicable income taxes
-$3,892Income before extraordinary items
$0Extraordinary gains - net
-$3,892Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$396Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.59%Yield on earning assets
4.68%Cost of funding earning assets
1.91%Net interest margin
0.75%Noninterest income to earning assets
7.07%Noninterest expense to earning assets
-4.56%Net operating income to assets
-4.48%Return on assets (ROA)
-4.48%Pretax return on assets
-20.85%Return on equity (ROE)
-20.85%Retained earnings to average equity (YTD only)
2.91%Net charge-offs to loans
76.01%Credit loss provision to net charge-offs
-9.26%Efficiency ratio
266,515Assets per employee
2.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
144.88%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.95%Net loans and leases to deposits
20.61%Net loans and leases to core deposits
27.93%Equity capital to assets
20.56%Core capital (leverage) ratio
19.98%Tier 1 risk-based capital ratio
62.52%Total risk-based capital ratio
Memoranda
$63Average assets
$86,931Average earning assets
$18,663Average equity
$82,941Average loans
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