FDIC Certificate #: 20340 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Centennial Bank (#11241) Federal Reserve ID: 344236 Date Established: January 06, 1971 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 14004 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 06, 1971 Last Structure Change Effective Date: November 19, 2010 Last Structure Change Process Date: November 22, 2010 Last Data Update: November 22, 2010 Data Source Date: April 05, 2012
Location
Address: 206 St. James Avenue, Carrabelle, FL 32322 County: Franklin 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
Financial Summary
Total assets: $112.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
59Total employees (full-time equivalent)
$119,788Total assets
$3,049Cash and due from depository institutions
$1Interest-bearing balances
$11,131Securities
$9,719Federal funds sold & reverse repurchase agreements
$77,084Net loans & leases
$3,646Loan loss allowance
$0Trading account assets
$6,398Bank premises and fixed assets
$7,836Other real estate owned
$0Goodwill and other intangibles
$3,409Life insurance assets
$4,571All other assets
$119,788Total liabilities and capital
$116,089Total liabilities
$115,800Total deposits
$109,213Interest-bearing deposits
$115,800Deposits held in domestic offices
97.33%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$289All other liabilities
$3,699Total equity capital
$3,699Total bank equity capital
$3,699Perpetual preferred stock
$0Common stock
$142Surplus
$3,860Undivided profits
Memoranda
$-303Noncurrent loans and leases
$6,281Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$13,401Earning assets
$0Long-term assets (5+ years)
$500Average Assets, year-to-date
$97,935Average Assets, quarterly
$9,647Volatile liabilities
$123,182Insider loans
$118,506FHLB advances
$25,681Loans and leases held for sale
$1,466Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,281Total unused commitments
$495Restructured Loans and leases
$1,190Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$5,330Total interest income
$2,357Total interest expense
$2,973Net interest income
$6,668Provision for loan and lease losses
$1,221Total noninterest income
$0Fiduciary activities
$562Service charges on deposit accounts
$0Trading account gains & fees
$659Additional noninterest income
$5,054Total noninterest expense
$2,627Salaries and employee benefits
$825Premises and equipment expense
$1,602Additional noninterest expense
-$7,528Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$7,528Income before extraordinary items
$0Extraordinary gains - net
-$7,528Net income attributable to bank
$0Net charge-offs
-$7,528Cash dividends
$5,630Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.24%Yield on earning assets
2.32%Cost of funding earning assets
2.92%Net interest margin
1.20%Noninterest income to earning assets
4.97%Noninterest expense to earning assets
-6.11%Net operating income to assets
-6.11%Return on assets (ROA)
-6.11%Pretax return on assets
-89.26%Return on equity (ROE)
-89.26%Retained earnings to average equity (YTD only)
6.36%Net charge-offs to loans
118.44%Credit loss provision to net charge-offs
-0.15%Efficiency ratio
120,505Assets per employee
2.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.52%Loss allowance to noncurrent loans
27.21%Noncurrent assets plus other real estate owned to assets
17.73%Noncurrent loans to loans
16.60%Net loans and leases to deposits
66.57%Net loans and leases to core deposits
85.54%Equity capital to assets
3.09%Core capital (leverage) ratio
3.02%Tier 1 risk-based capital ratio
3.95%Total risk-based capital ratio
Memoranda
$5Average assets
$123,182Average earning assets
$8,433Average equity
$101,686Average loans
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