FDIC Certificate #: 32458 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Manufacturers Bank of Florida (#26560) Federal Reserve ID: 39279 Date Established: March 06, 1986 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8285 FDIC's unique #: 45292 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: March 06, 1986 Last Structure Change Effective Date: June 25, 1999 Last Structure Change Process Date: July 22, 1999 Last Data Update: July 22, 1999 Data Source Date: April 05, 2012
Location
Address: 1701 S Dale Mabry Highway, Tampa, FL 33629 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: $31.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$33,513Total assets
$1,148Cash and due from depository institutions
$281Interest-bearing balances
$8,841Securities
$197Federal funds sold & reverse repurchase agreements
$21,590Net loans & leases
$480Loan loss allowance
$0Trading account assets
$493Bank premises and fixed assets
$237Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,007All other assets
$33,513Total liabilities and capital
$31,914Total liabilities
$31,807Total deposits
$31,807Interest-bearing deposits
$31,807Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$107All other liabilities
$1,599Total equity capital
$1,599Total bank equity capital
$1,599Perpetual preferred stock
$0Common stock
$23Surplus
$5,932Undivided profits
Memoranda
$-4,356Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,801Earning assets
$0Long-term assets (5+ years)
$157Average Assets, year-to-date
$30,909Average Assets, quarterly
$0Volatile liabilities
$36,622Insider loans
$35,230FHLB advances
$4,314Loans and leases held for sale
$173Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,618Total unused commitments
$0Restructured Loans and leases
$22,946Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$2,709Total interest income
$1,639Total interest expense
$1,070Net interest income
$572Provision for loan and lease losses
$434Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$434Additional noninterest income
$2,083Total noninterest expense
$690Salaries and employee benefits
$369Premises and equipment expense
$1,024Additional noninterest expense
-$1,151Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$1,151Income before extraordinary items
$0Extraordinary gains - net
-$1,151Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$551Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.11%Yield on earning assets
4.91%Cost of funding earning assets
3.20%Net interest margin
1.30%Noninterest income to earning assets
6.24%Noninterest expense to earning assets
-3.14%Net operating income to assets
-3.14%Return on assets (ROA)
-3.14%Pretax return on assets
-67.93%Return on equity (ROE)
-67.93%Retained earnings to average equity (YTD only)
2.18%Net charge-offs to loans
103.81%Credit loss provision to net charge-offs
-1.05%Efficiency ratio
138,497Assets per employee
2.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.17%Loss allowance to noncurrent loans
26.65%Noncurrent assets plus other real estate owned to assets
6.08%Noncurrent loans to loans
8.16%Net loans and leases to deposits
67.88%Net loans and leases to core deposits
78.53%Equity capital to assets
4.77%Core capital (leverage) ratio
4.76%Tier 1 risk-based capital ratio
6.96%Total risk-based capital ratio
Memoranda
$8Average assets
$36,622Average earning assets
$1,694Average equity
$33,400Average loans
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