FDIC Certificate #: 34826 Status: Inactive Federal Reserve ID: 2725222 Date Established: August 20, 1998 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15129 FDIC's unique #: 61738 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: August 20, 1998 Last Structure Change Effective Date: September 10, 1999 Last Structure Change Process Date: Febuary 25, 2000 Last Data Update: Febuary 25, 2000 Data Source Date: April 05, 2012
Location
Address: 1400 66th Street North, Suite 103, Saint Petersburg, FL 33710 County: Pinellas 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): Tampa-St. Petersburg-Clearwater, FL (#8280) Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300) CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
History of Changes
Other Liquidations and Closings
Office Sold
Change in Location
Corrections
Financial Summary
Total assets: $16.9 mil
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
16Total employees (full-time equivalent)
$18,903Total assets
$2,823Cash and due from depository institutions
$1,832Interest-bearing balances
$6,440Securities
$2,415Federal funds sold & reverse repurchase agreements
$6,402Net loans & leases
$60Loan loss allowance
$0Trading account assets
$400Bank premises and fixed assets
$0Other real estate owned
$26Goodwill and other intangibles
$0Life insurance assets
$397All other assets
$18,903Total liabilities and capital
$16,371Total liabilities
$15,591Total deposits
$15,591Interest-bearing deposits
$15,591Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$780All other liabilities
$2,532Total equity capital
$2,532Total bank equity capital
$2,532Perpetual preferred stock
$0Common stock
$100Surplus
$2,550Undivided profits
Memoranda
$-118Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$99Earning assets
$0Long-term assets (5+ years)
$50Average Assets, year-to-date
$17,089Average Assets, quarterly
$0Volatile liabilities
$18,722Insider loans
$18,722FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,280Total unused commitments
$0Restructured Loans and leases
$6,968Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$432Total interest income
$188Total interest expense
$244Net interest income
$60Provision for loan and lease losses
$60Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$60Additional noninterest income
$388Total noninterest expense
$168Salaries and employee benefits
$87Premises and equipment expense
$133Additional noninterest expense
-$144Pre-tax net operating income
$0Securities gains (losses)
-$54Applicable income taxes
-$90Income before extraordinary items
$0Extraordinary gains - net
-$90Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.51%Yield on earning assets
1.09%Cost of funding earning assets
1.42%Net interest margin
0.35%Noninterest income to earning assets
2.26%Noninterest expense to earning assets
-0.48%Net operating income to assets
-0.48%Return on assets (ROA)
-0.77%Pretax return on assets
-3.41%Return on equity (ROE)
-3.41%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
125,987Assets per employee
1.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
60.61%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
1.53%Net loans and leases to deposits
41.06%Net loans and leases to core deposits
41.06%Equity capital to assets
13.39%Core capital (leverage) ratio
13.40%Tier 1 risk-based capital ratio
36.37%Total risk-based capital ratio
Memoranda
$37Average assets
$18,722Average earning assets
$2,636Average equity
$17,183Average loans
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