People's Community Bank of the West Coast in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 28, 2007

  • People's Community Bank of the West Coast in Sarasota, Florida (FL)
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People's Community Bank of the West Coast - Overview

  • General
  • FDIC Certificate #: 35144
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Superior Bank (#17750)
    Federal Reserve ID: 2851028
    Date Established: October 04, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 75136
    Numeric code: 21
    Regulator: FDIC
    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: October 04, 1999
    Last Structure Change Effective Date: July 28, 2007
    Last Structure Change Process Date: September 24, 2007
    Last Data Update: September 24, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 25 South Links Avenue, Sarasota, FL 34236
    County: Sarasota
    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): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • Financial Summary
  • Total assets: $324.0 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, 2006)

  • Dollar figures in thousands
  • 48Total employees (full-time equivalent)
  • $318,245Total assets
  • $7,944Cash and due from depository institutions
  • $486Interest-bearing balances
  • $42,718Securities
  • $13,970Federal funds sold & reverse repurchase agreements
  • $244,006Net loans & leases
  • $2,979Loan loss allowance
  • $0Trading account assets
  • $913Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $3,455Life insurance assets
  • $8,694All other assets
  • $318,244Total liabilities and capital
  • $288,363Total liabilities
  • $245,487Total deposits
  • $213,981Interest-bearing deposits
  • $245,487Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,038Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $38,000Other borrowed funds
  • $0Subordinated debt
  • $838All other liabilities
  • $29,881Total equity capital
  • $29,881Total bank equity capital
  • $29,881Perpetual preferred stock
  • $0Common stock
  • $3,811Surplus
  • $18,916Undivided profits
  • Memoranda
  • $7,154Noncurrent loans and leases
  • $36,471Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $1,610Average Assets, year-to-date
  • $301,180Average Assets, quarterly
  • $56,291Volatile liabilities
  • $298,225Insider loans
  • $320,424FHLB advances
  • $34,923Loans and leases held for sale
  • $7,505Unused loan commitments
  • $38,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $36,471Total unused commitments
  • $0Restructured Loans and leases
  • $2,979Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $20,092Total interest income
  • $9,360Total interest expense
  • $10,732Net interest income
  • $385Provision for loan and lease losses
  • $1,216Total noninterest income
  • $0Fiduciary activities
  • $205Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,011Additional noninterest income
  • $5,124Total noninterest expense
  • $3,546Salaries and employee benefits
  • $931Premises and equipment expense
  • $647Additional noninterest expense
  • $6,439Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,092Applicable income taxes
  • $4,347Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,347Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.14%Yield on earning assets
  • 3.32%Cost of funding earning assets
  • 3.81%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 1.82%Noninterest expense to earning assets
  • 1.46%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 2.16%Pretax return on assets
  • 16.15%Return on equity (ROE)
  • 16.15%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 19250.00%Credit loss provision to net charge-offs
  • 3412.00%Efficiency ratio
  • 42,886Assets per employee
  • 6.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 99.40%Net loans and leases to core deposits
  • 112.13%Equity capital to assets
  • 9.39%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 10.94%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $298,225Average earning assets
  • $26,913Average equity
  • $281,568Average loans

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