Island Bank of Collier County in Marco Island, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 28, 1994

  • Island Bank of Collier County in Marco Island, Florida (FL)
  • Show street view No street view available for this location

Island Bank of Collier County - Overview

  • General
  • FDIC Certificate #: 27520
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: SouthTrust Bank of Southwest Florida National Association (#26630)
    Federal Reserve ID: 1396661
    Date Established: June 12, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 40253
    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: June 12, 1989
    Last Structure Change Effective Date: September 28, 1994
    Last Structure Change Process Date: October 13, 1994
    Last Data Update: October 18, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 615 Elkcam Circle, Marco Island, FL 33937
    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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $30.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $13Total assets
  • $29,272Cash and due from depository institutions
  • $3,240Interest-bearing balances
  • $0Securities
  • $10,047Federal funds sold & reverse repurchase agreements
  • $61Net loans & leases
  • $14,495Loan loss allowance
  • $216Trading account assets
  • $0Bank premises and fixed assets
  • $785Other real estate owned
  • $342Goodwill and other intangibles
  • $302Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $29,272Total liabilities
  • $25,142Total deposits
  • $24,394Interest-bearing deposits
  • $19,276Deposits held in domestic offices
  • 24394.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $671Subordinated debt
  • $0All other liabilities
  • $77Total equity capital
  • $77Total bank equity capital
  • $4,130Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $1,250Undivided profits
  • Memoranda
  • $880Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $36Income earned, not collected on loans
  • $75Earning assets
  • $24,603Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $27,837Average Assets, quarterly
  • $28,387Volatile liabilities
  • $1,383Insider loans
  • $971FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,533Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,130Total risk weighted assets
  • $15,765Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,636Total interest expense
  • $577Net interest income
  • $1,059Provision for loan and lease losses
  • $74Total noninterest income
  • $253Fiduciary activities
  • $0Service charges on deposit accounts
  • $199Trading account gains & fees
  • $0Additional noninterest income
  • $54Total noninterest expense
  • $1,017Salaries and employee benefits
  • $438Premises and equipment expense
  • $166Additional noninterest expense
  • $413Pre-tax net operating income
  • $221Securities gains (losses)
  • $0Applicable income taxes
  • $66Income before extraordinary items
  • $155Extraordinary gains - net
  • $52Net income attributable to bank
  • $207Net charge-offs
  • $128Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.92%Cost of funding earning assets
  • 2.44%Net interest margin
  • 4.48%Noninterest income to earning assets
  • 1.07%Noninterest expense to earning assets
  • 4.30%Net operating income to assets
  • 0.56%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 0.98%Return on equity (ROE)
  • 5.14%Retained earnings to average equity (YTD only)
  • 5.14%Net charge-offs to loans
  • 0.93%Credit loss provision to net charge-offs
  • 57.81%Efficiency ratio
  • 77,515Assets per employee
  • 2.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 600.00%Noncurrent assets plus other real estate owned to assets
  • 1.29%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 59.42%Net loans and leases to core deposits
  • 61.21%Equity capital to assets
  • 14.11%Core capital (leverage) ratio
  • 14.93%Tier 1 risk-based capital ratio
  • 26.20%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $27,837Average earning assets
  • $4,027Average equity
  • $23,652Average loans

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