Prime Bank of Central Florida in Titusville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 07, 1998

  • Prime Bank of Central Florida in Titusville, Florida (FL)
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Prime Bank of Central Florida - Overview

  • General
  • FDIC Certificate #: 32545
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 998170
    Date Established: June 30, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 8418
    FDIC's unique #: 45379
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 30, 1987
    Last Structure Change Effective Date: October 07, 1998
    Last Structure Change Process Date: October 29, 1998
    Last Data Update: October 29, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 690 Country Club Drive, Titusville, FL 32780
    County: Brevard
    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): Melbourne-Titusville-Palm Bay, FL (#4900)
    Core Based Statistical Area (CBSA): Palm Bay-Melbourne-Titusville, FL (#37340)
    CBSA Metro Statistical Area: Palm Bay-Melbourne-Titusville, FL (#37340)
  • Financial Summary
  • Total assets: $74.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $68,295Total assets
  • $6,248Cash and due from depository institutions
  • $238Interest-bearing balances
  • $15,571Securities
  • $1,550Federal funds sold & reverse repurchase agreements
  • $42,039Net loans & leases
  • $445Loan loss allowance
  • $0Trading account assets
  • $2,370Bank premises and fixed assets
  • $0Other real estate owned
  • $50Goodwill and other intangibles
  • $0Life insurance assets
  • $467All other assets
  • $68,295Total liabilities and capital
  • $61,845Total liabilities
  • $61,375Total deposits
  • $49,139Interest-bearing deposits
  • $61,375Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $470All other liabilities
  • $6,450Total equity capital
  • $6,450Total bank equity capital
  • $6,450Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $3,771Undivided profits
  • Memoranda
  • $2,279Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $27Earning assets
  • $0Long-term assets (5+ years)
  • $203Average Assets, year-to-date
  • $59,398Average Assets, quarterly
  • $9,335Volatile liabilities
  • $63,546Insider loans
  • $66,273FHLB advances
  • $5,019Loans and leases held for sale
  • $1,106Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,575Total unused commitments
  • $0Restructured Loans and leases
  • $46,669Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $4,835Total interest income
  • $2,072Total interest expense
  • $2,763Net interest income
  • $72Provision for loan and lease losses
  • $400Total noninterest income
  • $0Fiduciary activities
  • $291Service charges on deposit accounts
  • $0Trading account gains & fees
  • $109Additional noninterest income
  • $1,990Total noninterest expense
  • $1,001Salaries and employee benefits
  • $389Premises and equipment expense
  • $600Additional noninterest expense
  • $1,101Pre-tax net operating income
  • $3Securities gains (losses)
  • $408Applicable income taxes
  • $696Income before extraordinary items
  • $0Extraordinary gains - net
  • $696Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.39%Yield on earning assets
  • 3.60%Cost of funding earning assets
  • 4.80%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 11.48%Return on equity (ROE)
  • 11.48%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 257.14%Credit loss provision to net charge-offs
  • 41.89%Efficiency ratio
  • 62,219Assets per employee
  • 2.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 1648.15%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 68.50%Net loans and leases to core deposits
  • 74.60%Equity capital to assets
  • 9.44%Core capital (leverage) ratio
  • 9.80%Tier 1 risk-based capital ratio
  • 13.70%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $63,546Average earning assets
  • $6,061Average equity
  • $57,613Average loans

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