Preferred Community Bank in Fort Myers, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Preferred Community Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 17Total employees (full-time equivalent)
  • $75,283Total assets
  • $3,710Cash and due from depository institutions
  • $2,931Interest-bearing balances
  • $15,902Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $44,176Net loans & leases
  • $1,078Loan loss allowance
  • $0Trading account assets
  • $5,142Bank premises and fixed assets
  • $3,350Other real estate owned
  • $0Goodwill and other intangibles
  • $75,283Life insurance assets
  • $3,003All other assets
  • $66,889Total liabilities and capital
  • $64,262Total liabilities
  • $60,292Total deposits
  • $64,262Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $127Subordinated debt
  • $8,394All other liabilities
  • $8,394Total equity capital
  • $8,394Total bank equity capital
  • $0Perpetual preferred stock
  • $5,903Common stock
  • $6,284Surplus
  • $-3,793Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,580Income earned, not collected on loans
  • $0Earning assets
  • $367Long-term assets (5+ years)
  • $63,009Average Assets, year-to-date
  • $29,341Average Assets, quarterly
  • $75,810Volatile liabilities
  • $76,156Insider loans
  • $48,759FHLB advances
  • $74,545Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,105Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,644Restructured Loans and leases
  • $2,192Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,116Total interest income
  • $948Total interest expense
  • $2,168Net interest income
  • $180Provision for loan and lease losses
  • $268Total noninterest income
  • $0Fiduciary activities
  • $88Service charges on deposit accounts
  • $0Trading account gains & fees
  • $180Additional noninterest income
  • $2,880Total noninterest expense
  • $1,287Salaries and employee benefits
  • $391Premises and equipment expense
  • $1,202Additional noninterest expense
  • -$624Pre-tax net operating income
  • $138Securities gains (losses)
  • -$184Applicable income taxes
  • -$302Income before extraordinary items
  • $0Extraordinary gains - net
  • -$302Net income attributable to bank
  • $0Net charge-offs
  • -$302Cash dividends
  • $582Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 1.48%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 4.50%Noninterest expense to earning assets
  • -0.51%Net operating income to assets
  • -0.40%Return on assets (ROA)
  • -0.64%Pretax return on assets
  • -3.58%Return on equity (ROE)
  • -3.58%Retained earnings to average equity (YTD only)
  • 1.32%Net charge-offs to loans
  • 30.93%Credit loss provision to net charge-offs
  • -0.76%Efficiency ratio
  • 118,227Assets per employee
  • 4.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.38%Loss allowance to noncurrent loans
  • 41.78%Noncurrent assets plus other real estate owned to assets
  • 7.88%Noncurrent loans to loans
  • 5.70%Net loans and leases to deposits
  • 68.74%Net loans and leases to core deposits
  • 76.54%Equity capital to assets
  • 11.15%Core capital (leverage) ratio
  • 8.19%Tier 1 risk-based capital ratio
  • 12.52%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $75,810Average earning assets
  • $8,439Average equity
  • $63,962Average loans

List of branches

  • 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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