LandMark Bank of Florida in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 22, 2011

  • LandMark Bank of Florida in Sarasota, Florida (FL)
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LandMark Bank of Florida - Overview

  • General
  • FDIC Certificate #: 35244
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: American Momentum Bank (#58309)
    Federal Reserve ID: 2849212
    Date Established: Febuary 04, 2000
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 76801
    Numeric code: 13
    Regulator: FED
    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: Febuary 04, 2000
    Last Structure Change Effective Date: July 22, 2011
    Last Structure Change Process Date: July 25, 2011
    Last Data Update: July 25, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 544 South Washington Boulevard, Sarasota, FL 34236
    County: Sarasota
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • Financial Summary
  • Total assets: $266.5 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, 2010)

  • Dollar figures in thousands
  • 56Total employees (full-time equivalent)
  • $287,871Total assets
  • $14,704Cash and due from depository institutions
  • $12,852Interest-bearing balances
  • $21,226Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $237,123Net loans & leases
  • $9,977Loan loss allowance
  • $0Trading account assets
  • $1,154Bank premises and fixed assets
  • $10,159Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,505All other assets
  • $287,871Total liabilities and capital
  • $279,371Total liabilities
  • $251,135Total deposits
  • $226,519Interest-bearing deposits
  • $251,135Deposits held in domestic offices
  • 97.79%% insured (estimated)
  • $7,283Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $17,000Other borrowed funds
  • $3,000Subordinated debt
  • $953All other liabilities
  • $8,500Total equity capital
  • $8,500Total bank equity capital
  • $8,500Perpetual preferred stock
  • $0Common stock
  • $3,250Surplus
  • $16,293Undivided profits
  • Memoranda
  • $-11,043Noncurrent loans and leases
  • $11,755Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $38,798Earning assets
  • $0Long-term assets (5+ years)
  • $1,233Average Assets, year-to-date
  • $271,201Average Assets, quarterly
  • $25,210Volatile liabilities
  • $311,992Insider loans
  • $293,575FHLB advances
  • $108,389Loans and leases held for sale
  • $3,486Unused loan commitments
  • $17,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,755Total unused commitments
  • $6,324Restructured Loans and leases
  • $6,237Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $13,217Total interest income
  • $4,197Total interest expense
  • $9,020Net interest income
  • $6,287Provision for loan and lease losses
  • $1,162Total noninterest income
  • $0Fiduciary activities
  • $264Service charges on deposit accounts
  • $0Trading account gains & fees
  • $898Additional noninterest income
  • $10,120Total noninterest expense
  • $3,817Salaries and employee benefits
  • $2,319Premises and equipment expense
  • $3,984Additional noninterest expense
  • -$6,225Pre-tax net operating income
  • $237Securities gains (losses)
  • $672Applicable income taxes
  • -$6,660Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,660Net income attributable to bank
  • $0Net charge-offs
  • -$6,660Cash dividends
  • $3,069Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.56%Yield on earning assets
  • 1.45%Cost of funding earning assets
  • 3.11%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • -2.21%Net operating income to assets
  • -2.13%Return on assets (ROA)
  • -1.92%Pretax return on assets
  • -56.94%Return on equity (ROE)
  • -56.94%Retained earnings to average equity (YTD only)
  • 1.18%Net charge-offs to loans
  • 204.86%Credit loss provision to net charge-offs
  • 0.02%Efficiency ratio
  • 99,391Assets per employee
  • 5.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.04%Loss allowance to noncurrent loans
  • 25.72%Noncurrent assets plus other real estate owned to assets
  • 17.01%Noncurrent loans to loans
  • 15.70%Net loans and leases to deposits
  • 94.42%Net loans and leases to core deposits
  • 158.05%Equity capital to assets
  • 2.95%Core capital (leverage) ratio
  • 2.95%Tier 1 risk-based capital ratio
  • 3.46%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $311,992Average earning assets
  • $11,696Average equity
  • $289,933Average loans

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