Preferred Community Bank in Fort Myers, Florida (FL)

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Preferred Community Bank routing number info

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Preferred Community Bank
GeneralFDIC Certificate #: 58262
Status: Active
Federal Reserve ID: 3595066
Date Established: April 16, 2007
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 444885
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: April 16, 2007
Last Structure Change Effective Date: November 10, 2010
Last Structure Change Process Date: November 10, 2010
Last Data Update: November 10, 2010
Data Source Date: April 05, 2012
LocationAddress: 4379 Colonial Boulevard, Suite 100, Fort Myers, FL 33966
County: Lee
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): Fort Myers-Cape Coral, FL (#2700)
Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980)
CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
Financial SummaryTotal assets: $75.3 mil
Equity capital: $8.4 mil
Deposits held in domestic offices: $64.3 mil
Return on assets (ROA): -0.40% (-$0.3 mil)
Quarterly return on assets: -0.12% (-$0.1 mil)
Return on Equity (ROE): -3.58% (-$0.3 mil)
Quarterly return on equity: -1.04% (-$0.1 mil)
Net income: -$0.3 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: -0.64% (-$481.8 mil)
Quarterly Pretax return on assets: -0.64% (-$481.8 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)17
Total assets$75,283
Cash and due from depository institutions$3,710
Interest-bearing balances$2,931
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$44,176
Loan loss allowance $1,078
Trading account assets$0
Bank premises and fixed assets$5,142
Other real estate owned$3,350
Goodwill and other intangibles$0
All other assets$3,003
Life insurance assets$75,283
Total liabilities and capital$66,889
Total liabilities$64,262
Total deposits$60,292
Interest-bearing deposits$64,262
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,500
Other borrowed funds $0
Subordinated debt $127
All other liabilities $8,394
Total equity capital$8,394
Total bank equity capital$8,394
Perpetual preferred stock$0
Common stock$5,903
Undivided profits $-3,793
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,580
Earning assets $0
Long-term assets (5+ years) $367
Average Assets, year-to-date $63,009
Average Assets, quarterly $29,341
Volatile liabilities $75,810
Insider loans $76,156
FHLB advances $48,759
Loans and leases held for sale $74,545
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $6,105
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,644
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,116
Total interest expense $948
Net interest income $2,168
Provision for loan and lease losses $180
Total noninterest income $268
Fiduciary activities $0
Service charges on deposit accounts $88
Trading account gains & fees $0
Additional noninterest income $180
Total noninterest expense $2,880
Salaries and employee benefits $1,287
Premises and equipment expense $391
Additional noninterest expense $1,202
Pre-tax net operating income -$624
Securities gains (losses) $138
Applicable income taxes -$184
Income before extraordinary items -$302
Extraordinary gains - net $0
Net income attributable to bank -$302
Net charge-offs $0
Cash dividends -$302
Sale, conversion, retirement of capital stock, net $582
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.87%
Cost of funding earning assets 1.48%
Net interest margin 3.39%
Noninterest income to earning assets 0.42%
Noninterest expense to earning assets 4.50%
Net operating income to assets -0.51%
Return on assets (ROA) -0.40%
Pretax return on assets -0.64%
Return on equity (ROE) -3.58%
Retained earnings to average equity (YTD only) -3.58%
Net charge-offs to loans 1.32%
Credit loss provision to net charge-offs 30.93%
Efficiency ratio-0.76%
Assets per employee$118,227
Cash dividends to net income (YTD only)4.43%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.38%
Noncurrent assets plus other real estate owned to assets 41.78%
Noncurrent loans to loans 7.88%
Net loans and leases to deposits5.70%
Net loans and leases to core deposits 68.74%
Equity capital to assets 76.54%
Core capital (leverage) ratio 11.15%
Tier 1 risk-based capital ratio 8.19%
Total risk-based capital ratio 12.52%
Average assets$14
Average earning assets$75,810
Average equity $8,439
Average loans $63,962
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2 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0444885Preferred Community Bank4379 Colonial Boulevard, Suite 100, Fort Myers, FL 33966April 16, 2007Full Service Brick and Mortar
1482168Lehigh Acres2511 Lee Boulevard, Lehigh Acres, FL 33971December 06, 2007Full Service Brick and Mortar
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