SOUTHERN COMMUNITY BANK OF SOUTH FLORIDA in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 03, 2004

  • SOUTHERN COMMUNITY BANK OF SOUTH FLORIDA in Boca Raton, Florida (FL)
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SOUTHERN COMMUNITY BANK OF SOUTH FLORIDA - Overview

  • General
  • FDIC Certificate #: 57356
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank of Florida (#27538)
    Federal Reserve ID: 3110188
    Date Established: August 05, 2002
    WWW: http://www.southernbank.net
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 362413
    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: August 05, 2002
    Last Structure Change Effective Date: September 03, 2004
    Last Structure Change Process Date: September 16, 2004
    Last Data Update: September 16, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1850 North Federal Highway, Boca Raton, FL 33432
    County: Palm Beach
    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): West Palm Beach-Boca Raton, FL (#8960)
    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: West Palm Beach-Boca Raton-Boynton Beach, FL (#48424)
  • Financial Summary
  • Total assets: $187.0 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
  • 36Total employees (full-time equivalent)
  • $140,159Total assets
  • $2,043Cash and due from depository institutions
  • $17Interest-bearing balances
  • $11,090Securities
  • $7,273Federal funds sold & reverse repurchase agreements
  • $115,209Net loans & leases
  • $1,468Loan loss allowance
  • $0Trading account assets
  • $2,498Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,046All other assets
  • $140,159Total liabilities and capital
  • $128,291Total liabilities
  • $125,930Total deposits
  • $116,512Interest-bearing deposits
  • $125,930Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $361All other liabilities
  • $11,868Total equity capital
  • $11,868Total bank equity capital
  • $11,868Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $7,685Undivided profits
  • Memoranda
  • $-817Noncurrent loans and leases
  • $19,998Noncurrent 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)
  • $480Average Assets, year-to-date
  • $133,589Average Assets, quarterly
  • $3,827Volatile liabilities
  • $114,910Insider loans
  • $133,416FHLB advances
  • $32,580Loans and leases held for sale
  • $2,409Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,998Total unused commitments
  • $0Restructured Loans and leases
  • $1,468Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $6,585Total interest income
  • $3,101Total interest expense
  • $3,484Net interest income
  • $694Provision for loan and lease losses
  • $180Total noninterest income
  • $0Fiduciary activities
  • $32Service charges on deposit accounts
  • $0Trading account gains & fees
  • $148Additional noninterest income
  • $3,197Total noninterest expense
  • $1,760Salaries and employee benefits
  • $545Premises and equipment expense
  • $892Additional noninterest expense
  • -$227Pre-tax net operating income
  • $0Securities gains (losses)
  • -$84Applicable income taxes
  • -$143Income before extraordinary items
  • $0Extraordinary gains - net
  • -$143Net 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, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.99%Yield on earning assets
  • 2.82%Cost of funding earning assets
  • 3.17%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 2.91%Noninterest expense to earning assets
  • -0.12%Net operating income to assets
  • -0.12%Return on assets (ROA)
  • -0.20%Pretax return on assets
  • -1.25%Return on equity (ROE)
  • -1.25%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
  • 87,254Assets per employee
  • 3.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.26%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
  • 91.49%Net loans and leases to core deposits
  • 120.83%Equity capital to assets
  • 8.47%Core capital (leverage) ratio
  • 8.72%Tier 1 risk-based capital ratio
  • 8.96%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $114,910Average earning assets
  • $11,471Average equity
  • $110,019Average loans

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