FDIC Certificate #: 58135 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Liberty Bank, F.S.B. (#20594) Federal Reserve ID: 3354713 Date Established: April 01, 2006 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 18005 FDIC's unique #: 440385 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: April 01, 2006 Last Structure Change Effective Date: Febuary 01, 2010 Last Structure Change Process Date: Febuary 19, 2010 Last Data Update: Febuary 19, 2010 Data Source Date: April 05, 2012
Location
Address: 4949 North Tamiami Trail, Suite 107, Naples, FL 34103 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)
Financial Summary
Total assets: $148.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$148,658Total assets
$8,393Cash and due from depository institutions
$7,862Interest-bearing balances
$1,970Securities
$0Federal funds sold & reverse repurchase agreements
$125,151Net loans & leases
$2,927Loan loss allowance
$0Trading account assets
$4,931Bank premises and fixed assets
$6,704Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,509All other assets
$148,658Total liabilities and capital
$148,989Total liabilities
$147,055Total deposits
$132,482Interest-bearing deposits
$147,055Deposits held in domestic offices
91.05%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,934All other liabilities
$-331Total equity capital
$-331Total bank equity capital
$-331Perpetual preferred stock
$0Common stock
$100Surplus
$27,610Undivided profits
Memoranda
$-28,041Noncurrent loans and leases
$8,981Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$14,211Earning assets
$0Long-term assets (5+ years)
$571Average Assets, year-to-date
$134,983Average Assets, quarterly
$0Volatile liabilities
$159,119Insider loans
$151,390FHLB advances
$55,770Loans and leases held for sale
$3,002Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,981Total unused commitments
$10,664Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$8,240Total interest income
$4,616Total interest expense
$3,624Net interest income
$12,845Provision for loan and lease losses
-$627Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$627Additional noninterest income
$10,423Total noninterest expense
$2,205Salaries and employee benefits
$982Premises and equipment expense
$7,236Additional noninterest expense
-$20,271Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$20,271Income before extraordinary items
$0Extraordinary gains - net
-$20,271Net income attributable to bank
$0Net charge-offs
-$20,271Cash dividends
$12,336Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.73%Yield on earning assets
3.21%Cost of funding earning assets
2.52%Net interest margin
-0.44%Noninterest income to earning assets
7.25%Noninterest expense to earning assets
-12.74%Net operating income to assets
-12.74%Return on assets (ROA)
-12.74%Pretax return on assets
-202.72%Return on equity (ROE)
-202.72%Retained earnings to average equity (YTD only)
8.67%Net charge-offs to loans
104.13%Credit loss provision to net charge-offs
-0.60%Efficiency ratio
244,645Assets per employee
8.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.29%Loss allowance to noncurrent loans
20.60%Noncurrent assets plus other real estate owned to assets
14.07%Noncurrent loans to loans
11.10%Net loans and leases to deposits
85.10%Net loans and leases to core deposits
137.10%Equity capital to assets
-0.22%Core capital (leverage) ratio
-0.24%Tier 1 risk-based capital ratio
-0.27%Total risk-based capital ratio
Memoranda
-$0Average assets
$159,119Average earning assets
$9,999Average equity
$143,860Average loans
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