FDIC Certificate #: 90056 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:COASTAL BANK AND TRUST OF FLORIDA (#20830) Federal Reserve ID: 397036 Date Established: May 01, 1923 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 13702 FDIC's unique #: 17696 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: July 15, 1985 Last Structure Change Effective Date: October 31, 1999 Last Structure Change Process Date: December 16, 1999 Last Data Update: December 16, 1999 Data Source Date: April 05, 2012
Location
Address: 180 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)
Financial Summary
Total assets: $61.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
37Total employees (full-time equivalent)
$65,559Total assets
$2,934Cash and due from depository institutions
$801Interest-bearing balances
$16,636Securities
$5,766Federal funds sold & reverse repurchase agreements
$36,953Net loans & leases
$1,189Loan loss allowance
$0Trading account assets
$1,934Bank premises and fixed assets
$276Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,060All other assets
$65,559Total liabilities and capital
$60,911Total liabilities
$55,997Total deposits
$47,700Interest-bearing deposits
$55,997Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$914All other liabilities
$4,648Total equity capital
$4,648Total bank equity capital
$4,648Perpetual preferred stock
$0Common stock
$525Surplus
$775Undivided profits
Memoranda
$3,348Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,860Earning assets
$0Long-term assets (5+ years)
$251Average Assets, year-to-date
$60,156Average Assets, quarterly
$10,850Volatile liabilities
$63,160Insider loans
$64,655FHLB advances
$4,437Loans and leases held for sale
$200Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,467Total risk weighted assets
$9,756Total unused commitments
$0Restructured Loans and leases
$36,727Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$5,662Total interest income
$2,547Total interest expense
$3,115Net interest income
$240Provision for loan and lease losses
$690Total noninterest income
$0Fiduciary activities
$438Service charges on deposit accounts
$0Trading account gains & fees
$252Additional noninterest income
$2,381Total noninterest expense
$1,233Salaries and employee benefits
$413Premises and equipment expense
$735Additional noninterest expense
$1,184Pre-tax net operating income
$0Securities gains (losses)
$372Applicable income taxes
$812Income before extraordinary items
$0Extraordinary gains - net
$812Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$6Sale, conversion, retirement of capital stock, net
$718Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.85%Yield on earning assets
4.43%Cost of funding earning assets
5.42%Net interest margin
1.20%Noninterest income to earning assets
4.14%Noninterest expense to earning assets
1.29%Net operating income to assets
1.29%Return on assets (ROA)
1.87%Pretax return on assets
17.78%Return on equity (ROE)
2.06%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
-4000.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,576Assets per employee
1.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
88.42%Loss allowance to loans
3.12%Loss allowance to noncurrent loans
63.92%Noncurrent assets plus other real estate owned to assets
3.26%Noncurrent loans to loans
4.88%Net loans and leases to deposits
65.99%Net loans and leases to core deposits
71.67%Equity capital to assets
7.09%Core capital (leverage) ratio
6.90%Tier 1 risk-based capital ratio
12.17%Total risk-based capital ratio
Memoranda
$13Average assets
$63,160Average earning assets
$4,567Average equity
$57,482Average loans
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