FDIC Certificate #: 27498 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Republic Security Bank (#32254) Federal Reserve ID: 1394685 Date Established: May 01, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 40231 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: May 01, 1989 Last Structure Change Effective Date: Febuary 27, 1999 Last Structure Change Process Date: March 17, 1999 Last Data Update: March 17, 1999 Data Source Date: April 05, 2012
Location
Address: 12233 North Florida Avenue, Tampa, FL 33612 County: Hillsborough 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): Tampa-St. Petersburg-Clearwater, FL (#8280) Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300) CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
Financial Summary
Total assets: $73.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
18Total employees (full-time equivalent)
$73,493Total assets
$5,761Cash and due from depository institutions
$0Interest-bearing balances
$9,955Securities
$13,214Federal funds sold & reverse repurchase agreements
$38,374Net loans & leases
$622Loan loss allowance
$0Trading account assets
$2,333Bank premises and fixed assets
$183Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,673All other assets
$73,493Total liabilities and capital
$63,917Total liabilities
$63,505Total deposits
$49,746Interest-bearing deposits
$63,505Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$412All other liabilities
$9,576Total equity capital
$9,576Total bank equity capital
$9,576Perpetual preferred stock
$0Common stock
$3,169Surplus
$3,943Undivided profits
Memoranda
$2,464Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$479Earning assets
$0Long-term assets (5+ years)
$280Average Assets, year-to-date
$61,543Average Assets, quarterly
$11,843Volatile liabilities
$69,045Insider loans
$69,296FHLB advances
$6,686Loans and leases held for sale
$4,873Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,495Total unused commitments
$0Restructured Loans and leases
$49,318Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$4,837Total interest income
$1,645Total interest expense
$3,192Net interest income
$115Provision for loan and lease losses
$565Total noninterest income
$0Fiduciary activities
$415Service charges on deposit accounts
$0Trading account gains & fees
$150Additional noninterest income
$2,092Total noninterest expense
$1,068Salaries and employee benefits
$464Premises and equipment expense
$560Additional noninterest expense
$1,550Pre-tax net operating income
$0Securities gains (losses)
$347Applicable income taxes
$1,203Income before extraordinary items
$0Extraordinary gains - net
$1,203Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$24Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.21%Yield on earning assets
2.79%Cost of funding earning assets
5.42%Net interest margin
0.96%Noninterest income to earning assets
3.55%Noninterest expense to earning assets
1.74%Net operating income to assets
1.74%Return on assets (ROA)
2.24%Pretax return on assets
13.43%Return on equity (ROE)
13.43%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
479.17%Credit loss provision to net charge-offs
69.38%Efficiency ratio
55,683Assets per employee
4.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
129.85%Noncurrent assets plus other real estate owned to assets
0.90%Noncurrent loans to loans
1.23%Net loans and leases to deposits
60.43%Net loans and leases to core deposits
67.54%Equity capital to assets
13.03%Core capital (leverage) ratio
13.64%Tier 1 risk-based capital ratio
19.20%Total risk-based capital ratio
Memoranda
$20Average assets
$69,045Average earning assets
$8,959Average equity
$58,931Average loans
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