FDIC Certificate #: 26838 Status: Inactive Closing history: Corrections Acquiring institution:Hancock Bank of Florida (#57819) Federal Reserve ID: 316738 Date Established: November 17, 1986 WWW:http://www.myguarantybank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) OTS Docket #: 11150 FDIC's unique #: 36064 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: November 17, 1986 Last Structure Change Effective Date: March 12, 2004 Last Structure Change Process Date: March 17, 2004 Last Data Update: March 17, 2004 Data Source Date: April 05, 2012
Location
Address: 1706 West Tennessee Street, Tallahassee, FL 32304 County: Leon Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Gainesville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Tallahassee, FL (#8240) Core Based Statistical Area (CBSA): Tallahassee, FL (#45220) CBSA Metro Statistical Area: Tallahassee, FL (#45220)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $71.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
45Total employees (full-time equivalent)
$71,280Total assets
$3,558Cash and due from depository institutions
$639Interest-bearing balances
$1,796Securities
$7,061Federal funds sold & reverse repurchase agreements
$48,618Net loans & leases
$1,267Loan loss allowance
$0Trading account assets
$7,521Bank premises and fixed assets
$425Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,301All other assets
$71,280Total liabilities and capital
$66,699Total liabilities
$65,614Total deposits
$55,849Interest-bearing deposits
$65,614Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$458Other borrowed funds
$0Subordinated debt
$627All other liabilities
$4,581Total equity capital
$4,581Total bank equity capital
$4,581Perpetual preferred stock
$0Common stock
$8,041Surplus
$8,789Undivided profits
Memoranda
$-12,249Noncurrent loans and leases
$1,700Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,111Earning assets
$0Long-term assets (5+ years)
$390Average Assets, year-to-date
$58,114Average Assets, quarterly
$22,850Volatile liabilities
$83,539Insider loans
$73,717FHLB advances
$6,293Loans and leases held for sale
$1,689Unused loan commitments
$458Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1Total risk weighted assets
$1,700Total unused commitments
$0Restructured Loans and leases
$674Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$4,382Total interest income
$2,035Total interest expense
$2,347Net interest income
$1,692Provision for loan and lease losses
$602Total noninterest income
$0Fiduciary activities
$471Service charges on deposit accounts
$0Trading account gains & fees
$131Additional noninterest income
$5,398Total noninterest expense
$2,313Salaries and employee benefits
$647Premises and equipment expense
$2,438Additional noninterest expense
-$4,141Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$4,141Income before extraordinary items
$0Extraordinary gains - net
-$4,141Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,709Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.32%Yield on earning assets
2.93%Cost of funding earning assets
3.38%Net interest margin
0.87%Noninterest income to earning assets
7.78%Noninterest expense to earning assets
-4.96%Net operating income to assets
-4.96%Return on assets (ROA)
-4.96%Pretax return on assets
-60.36%Return on equity (ROE)
-60.36%Retained earnings to average equity (YTD only)
3.19%Net charge-offs to loans
99.01%Credit loss provision to net charge-offs
-1.43%Efficiency ratio
183,045Assets per employee
1.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.54%Loss allowance to noncurrent loans
40.73%Noncurrent assets plus other real estate owned to assets
4.96%Noncurrent loans to loans
6.24%Net loans and leases to deposits
74.10%Net loans and leases to core deposits
81.96%Equity capital to assets
6.43%Core capital (leverage) ratio
5.07%Tier 1 risk-based capital ratio
7.00%Total risk-based capital ratio
Memoranda
$8Average assets
$83,539Average earning assets
$6,860Average equity
$69,360Average loans
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