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

This bank is inactive as of July 06, 2004

Premier Community Bank of Southwest Florida in Fort Myers, Florida (FL)
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Premier Community Bank of Southwest Florida - Overview

General
FDIC Certificate #: 57075
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Bank (#58)
Federal Reserve ID: 2938684
Date Established: October 30, 2000
WWW: http://www.premiercommunitybankswfl.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 356911
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: October 30, 2000
Last Structure Change Effective Date: July 06, 2004
Last Structure Change Process Date: November 08, 2004
Last Data Update: November 08, 2004
Data Source Date: April 05, 2012
Location
Address: 4959 South Cleveland Avenue, Fort Myers, FL 33907
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: $58.3 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, 2003)

Dollar figures in thousands
21Total employees (full-time equivalent)
$59,499Total assets
$2,889Cash and due from depository institutions
$68Interest-bearing balances
$9,643Securities
$143Federal funds sold & reverse repurchase agreements
$43,929Net loans & leases
$508Loan loss allowance
$0Trading account assets
$2,312Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$583All other assets
$59,499Total liabilities and capital
$54,203Total liabilities
$45,016Total deposits
$37,761Interest-bearing deposits
$45,016Deposits held in domestic offices
0.00%% insured (estimated)
$8,899Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$288All other liabilities
$5,296Total equity capital
$5,296Total bank equity capital
$5,296Perpetual preferred stock
$0Common stock
$2,500Surplus
$2,922Undivided profits
Memoranda
$-126Noncurrent loans and leases
$11,844Noncurrent 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)
$276Average Assets, year-to-date
$53,783Average Assets, quarterly
$3,543Volatile liabilities
$53,479Insider loans
$58,291FHLB advances
$15,614Loans and leases held for sale
$1,177Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,844Total unused commitments
$0Restructured Loans and leases
$508Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$3,014Total interest income
$802Total interest expense
$2,212Net interest income
$182Provision for loan and lease losses
$391Total noninterest income
$0Fiduciary activities
$222Service charges on deposit accounts
$0Trading account gains & fees
$169Additional noninterest income
$2,167Total noninterest expense
$1,136Salaries and employee benefits
$290Premises and equipment expense
$741Additional noninterest expense
$254Pre-tax net operating income
$79Securities gains (losses)
$125Applicable income taxes
$208Income before extraordinary items
$0Extraordinary gains - net
$208Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.30%Yield on earning assets
1.68%Cost of funding earning assets
4.62%Net interest margin
0.82%Noninterest income to earning assets
4.53%Noninterest expense to earning assets
0.29%Net operating income to assets
0.39%Return on assets (ROA)
0.62%Pretax return on assets
3.98%Return on equity (ROE)
3.98%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
18200.00%Credit loss provision to net charge-offs
436.00%Efficiency ratio
83,250Assets per employee
2.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.14%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
97.59%Net loans and leases to core deposits
114.69%Equity capital to assets
8.90%Core capital (leverage) ratio
8.97%Tier 1 risk-based capital ratio
10.03%Total risk-based capital ratio
Memoranda
$11Average assets
$53,479Average earning assets
$5,220Average equity
$47,843Average loans

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