Marco Community Bank in Marco Island, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 19, 2010

  • Marco Community Bank in Marco Island, Florida (FL)
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Marco Community Bank - Overview

  • General
  • FDIC Certificate #: 57586
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Mutual of Omaha Bank (#32325)
    Federal Reserve ID: 3195653
    Date Established: August 18, 2003
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 366125
    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: August 18, 2003
    Last Structure Change Effective Date: Febuary 19, 2010
    Last Structure Change Process Date: Febuary 22, 2010
    Last Data Update: Febuary 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1770 San Marco Road, Marco Island, FL 34145
    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
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $119.6 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
  • 33Total employees (full-time equivalent)
  • $119,578Total assets
  • $2,301Cash and due from depository institutions
  • $792Interest-bearing balances
  • $10,493Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $99,207Net loans & leases
  • $4,792Loan loss allowance
  • $0Trading account assets
  • $2,570Bank premises and fixed assets
  • $3,751Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,256All other assets
  • $119,578Total liabilities and capital
  • $117,608Total liabilities
  • $117,097Total deposits
  • $107,501Interest-bearing deposits
  • $117,097Deposits held in domestic offices
  • 95.22%% insured (estimated)
  • $118Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $393All other liabilities
  • $1,970Total equity capital
  • $1,970Total bank equity capital
  • $1,970Perpetual preferred stock
  • $0Common stock
  • $3,200Surplus
  • $19,300Undivided profits
  • Memoranda
  • $-20,530Noncurrent loans and leases
  • $9,802Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,716Earning assets
  • $0Long-term assets (5+ years)
  • $444Average Assets, year-to-date
  • $110,492Average Assets, quarterly
  • $4,953Volatile liabilities
  • $136,224Insider loans
  • $128,886FHLB advances
  • $17,833Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,199Total risk weighted assets
  • $9,802Total unused commitments
  • $6,506Restructured Loans and leases
  • $1,076Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $6,196Total interest income
  • $2,827Total interest expense
  • $3,369Net interest income
  • $7,351Provision for loan and lease losses
  • -$932Total noninterest income
  • $0Fiduciary activities
  • $139Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,071Additional noninterest income
  • $5,129Total noninterest expense
  • $2,370Salaries and employee benefits
  • $470Premises and equipment expense
  • $2,289Additional noninterest expense
  • -$10,043Pre-tax net operating income
  • $82Securities gains (losses)
  • $4,154Applicable income taxes
  • -$14,115Income before extraordinary items
  • $0Extraordinary gains - net
  • -$14,115Net income attributable to bank
  • $0Net charge-offs
  • -$14,115Cash dividends
  • $8,563Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 2.38%Cost of funding earning assets
  • 2.84%Net interest margin
  • -0.78%Noninterest income to earning assets
  • 4.32%Noninterest expense to earning assets
  • -10.42%Net operating income to assets
  • -10.36%Return on assets (ROA)
  • -7.31%Pretax return on assets
  • -128.72%Return on equity (ROE)
  • -128.72%Retained earnings to average equity (YTD only)
  • 7.90%Net charge-offs to loans
  • 85.85%Credit loss provision to net charge-offs
  • -0.31%Efficiency ratio
  • 210,464Assets per employee
  • 3.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.61%Loss allowance to noncurrent loans
  • 49.32%Noncurrent assets plus other real estate owned to assets
  • 11.26%Noncurrent loans to loans
  • 9.34%Net loans and leases to deposits
  • 84.72%Net loans and leases to core deposits
  • 99.82%Equity capital to assets
  • 1.65%Core capital (leverage) ratio
  • 1.39%Tier 1 risk-based capital ratio
  • 1.88%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $136,224Average earning assets
  • $10,965Average equity
  • $118,734Average loans

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