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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