FDIC Certificate #: 57147 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Florida Community Bank, National Association (#58991) Federal Reserve ID: 3048067 Date Established: September 04, 2001 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 358547 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: September 04, 2001 Last Structure Change Effective Date: January 22, 2010 Last Structure Change Process Date: January 25, 2010 Last Data Update: January 25, 2010 Data Source Date: April 05, 2012
Location
Address: 5301 Blue Lagoon Drive, Suite 200, Miami, FL 33126 County: Miami-Dade 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): Miami, FL (#5000) Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56) Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100) CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100) Core Based Statistical Division: Miami-Miami Beach-Kendall, FL (#33124)
Financial Summary
Total assets: $299.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
71Total employees (full-time equivalent)
$299,225Total assets
$17,295Cash and due from depository institutions
$1,474Interest-bearing balances
$4,119Securities
$0Federal funds sold & reverse repurchase agreements
$265,714Net loans & leases
$14,821Loan loss allowance
$0Trading account assets
$1,554Bank premises and fixed assets
$5,893Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,650All other assets
$299,226Total liabilities and capital
$299,202Total liabilities
$285,554Total deposits
$260,327Interest-bearing deposits
$285,554Deposits held in domestic offices
90.26%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$12,000Subordinated debt
$1,648All other liabilities
$24Total equity capital
$24Total bank equity capital
$24Perpetual preferred stock
$0Common stock
$13,145Surplus
$16,854Undivided profits
Memoranda
$-29,975Noncurrent loans and leases
$11,817Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$95,382Earning assets
$0Long-term assets (5+ years)
$756Average Assets, year-to-date
$271,307Average Assets, quarterly
$1,237Volatile liabilities
$363,450Insider loans
$325,050FHLB advances
$114,351Loans and leases held for sale
$4,409Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,817Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$14,525Total interest income
$9,138Total interest expense
$5,387Net interest income
$13,678Provision for loan and lease losses
$985Total noninterest income
$0Fiduciary activities
$635Service charges on deposit accounts
$0Trading account gains & fees
$350Additional noninterest income
$13,993Total noninterest expense
$5,439Salaries and employee benefits
$2,114Premises and equipment expense
$6,440Additional noninterest expense
-$21,299Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$21,299Income before extraordinary items
$0Extraordinary gains - net
-$21,299Net income attributable to bank
$0Net charge-offs
-$21,299Cash dividends
$10,723Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.26%Yield on earning assets
2.68%Cost of funding earning assets
1.58%Net interest margin
0.29%Noninterest income to earning assets
4.11%Noninterest expense to earning assets
-5.86%Net operating income to assets
-5.86%Return on assets (ROA)
-5.86%Pretax return on assets
-154.62%Return on equity (ROE)
-154.62%Retained earnings to average equity (YTD only)
3.46%Net charge-offs to loans
127.56%Credit loss provision to net charge-offs
-0.71%Efficiency ratio
219,601Assets per employee
4.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.28%Loss allowance to noncurrent loans
15.54%Noncurrent assets plus other real estate owned to assets
33.85%Noncurrent loans to loans
34.00%Net loans and leases to deposits
93.05%Net loans and leases to core deposits
155.20%Equity capital to assets
0.01%Core capital (leverage) ratio
0.00%Tier 1 risk-based capital ratio
0.00%Total risk-based capital ratio
Memoranda
$0Average assets
$363,450Average earning assets
$13,775Average equity
$340,819Average loans
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