Marine Bank in city_name, state_name - Detailed Financial Reports, Location

Marine Bank in Marathon, Florida (FL)
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Marine Bank - Overview

General
FDIC Certificate #: 33996
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Centennial Bank (#11241)
Federal Reserve ID: 2289537
Date Established: March 27, 1995
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 12 (Interstate: No)
OTS Docket #: 14101
FDIC's unique #: 55574
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: March 27, 1995
Last Structure Change Effective Date: December 05, 2008
Last Structure Change Process Date: January 28, 2009
Last Data Update: January 28, 2009
Data Source Date: April 05, 2012
Location
Address: 11290 Overseas Highway, Marathon, FL 33050
County: Monroe
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Dallas
FDIC Field Office: South Florida
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Key West, FL (#28580)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $393.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)

Dollar figures in thousands
93Total employees (full-time equivalent)
$380,736Total assets
$5,624Cash and due from depository institutions
$1,085Interest-bearing balances
$22,376Securities
$76Federal funds sold & reverse repurchase agreements
$311,827Net loans & leases
$5,001Loan loss allowance
$0Trading account assets
$15,691Bank premises and fixed assets
$4,723Other real estate owned
$6,027Goodwill and other intangibles
$6,357Life insurance assets
$14,392All other assets
$380,736Total liabilities and capital
$341,983Total liabilities
$269,944Total deposits
$235,878Interest-bearing deposits
$269,944Deposits held in domestic offices
0.00%% insured (estimated)
$21,094Federal funds purchased & repurchase agreements
$0Trading liabilities
$49,381Other borrowed funds
$0Subordinated debt
$1,564All other liabilities
$38,753Total equity capital
$38,753Total bank equity capital
$38,753Perpetual preferred stock
$0Common stock
$3,150Surplus
$30,102Undivided profits
Memoranda
$5,501Noncurrent loans and leases
$49,532Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$861Earning assets
$0Long-term assets (5+ years)
$1,697Average Assets, year-to-date
$335,364Average Assets, quarterly
$41,775Volatile liabilities
$370,927Insider loans
$378,085FHLB advances
$108,640Loans and leases held for sale
$12,511Unused loan commitments
$49,381Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$49,532Total unused commitments
$0Restructured Loans and leases
$4,097Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$26,590Total interest income
$13,127Total interest expense
$13,463Net interest income
$1,966Provision for loan and lease losses
$3,091Total noninterest income
$47Fiduciary activities
$577Service charges on deposit accounts
$0Trading account gains & fees
$2,467Additional noninterest income
$12,828Total noninterest expense
$5,553Salaries and employee benefits
$2,363Premises and equipment expense
$4,912Additional noninterest expense
$1,760Pre-tax net operating income
$0Securities gains (losses)
$502Applicable income taxes
$1,258Income before extraordinary items
$0Extraordinary gains - net
$1,258Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$230Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.05%Yield on earning assets
3.98%Cost of funding earning assets
4.08%Net interest margin
0.94%Noninterest income to earning assets
3.88%Noninterest expense to earning assets
0.34%Net operating income to assets
0.34%Return on assets (ROA)
0.47%Pretax return on assets
3.38%Return on equity (ROE)
3.38%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
854.78%Credit loss provision to net charge-offs
16.20%Efficiency ratio
76,199Assets per employee
4.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
580.84%Noncurrent assets plus other real estate owned to assets
1.47%Noncurrent loans to loans
0.27%Net loans and leases to deposits
115.52%Net loans and leases to core deposits
166.28%Equity capital to assets
10.18%Core capital (leverage) ratio
8.91%Tier 1 risk-based capital ratio
10.20%Total risk-based capital ratio
Memoranda
$11Average assets
$370,927Average earning assets
$37,221Average equity
$330,212Average loans

Total Fiduciary and Related Assets (December 31, 2007)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$6,127Managed Assets
1Number of Accounts
$4,309Personal trust and agency accounts
$3,465Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$518Corporate trust and agency accounts
$0Investment management agency accounts
$326Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
19Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,818Other retirement accounts
$690Corporate trust and agency accounts
$0Other fiduciary accounts
$1,128Fiduciary accounts held in foreign offices

Marine Bank in Marathon, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Marine Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Total Fiduciary and Related Assets (December 31, 2007)

Comment about this bank, ask questions, or add new information about it:

Marine Bank in Marathon, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

Marine Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Total Fiduciary and Related Assets (December 31, 2007)

Comment about this bank, ask questions, or add new information about it:

Marine Bank in Marathon, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches