Southern Exchange Bank in city_name, state_name - Detailed Financial Reports, Location

Southern Exchange Bank in Tampa, Florida (FL)
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Southern Exchange Bank - Overview

General
FDIC Certificate #: 1342
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank of Florida (#27538)
Federal Reserve ID: 1362237
Date Established: Febuary 09, 1989
WWW: http://www.southernexchangebank.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 18 (Interstate: No)
OTS Docket #: 13524
FDIC's unique #: 39940
Numeric code: 13
Regulator: FED
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: Febuary 09, 1989
Last Structure Change Effective Date: October 11, 2003
Last Structure Change Process Date: November 14, 2003
Last Data Update: November 14, 2003
Data Source Date: April 05, 2012
Location
Address: 4401 West Kennedy Boulevard Suite 300, Tampa, FL 33609
County: Hillsborough
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)
Financial Summary
Total assets: $781.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)

Dollar figures in thousands
181Total employees (full-time equivalent)
$679,059Total assets
$7,442Cash and due from depository institutions
$21Interest-bearing balances
$441,627Securities
$215Federal funds sold & reverse repurchase agreements
$168,830Net loans & leases
$2,563Loan loss allowance
$0Trading account assets
$31,820Bank premises and fixed assets
$0Other real estate owned
$7,038Goodwill and other intangibles
$0Life insurance assets
$22,087All other assets
$679,059Total liabilities and capital
$632,411Total liabilities
$467,358Total deposits
$428,834Interest-bearing deposits
$467,358Deposits held in domestic offices
0.00%% insured (estimated)
$8,132Federal funds purchased & repurchase agreements
$0Trading liabilities
$155,000Other borrowed funds
$0Subordinated debt
$1,921All other liabilities
$46,648Total equity capital
$46,648Total bank equity capital
$46,648Perpetual preferred stock
$0Common stock
$3Surplus
$33,347Undivided profits
Memoranda
$13,298Noncurrent loans and leases
$14,878Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$809Earning assets
$0Long-term assets (5+ years)
$2,878Average Assets, year-to-date
$610,693Average Assets, quarterly
$344,907Volatile liabilities
$570,478Insider loans
$662,319FHLB advances
$119,620Loans and leases held for sale
$2,448Unused loan commitments
$155,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,878Total unused commitments
$0Restructured Loans and leases
$2,563Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$30,840Total interest income
$15,874Total interest expense
$14,966Net interest income
$372Provision for loan and lease losses
$3,855Total noninterest income
$0Fiduciary activities
$2,083Service charges on deposit accounts
$0Trading account gains & fees
$1,772Additional noninterest income
$11,842Total noninterest expense
$6,832Salaries and employee benefits
$2,020Premises and equipment expense
$2,990Additional noninterest expense
$6,607Pre-tax net operating income
$121Securities gains (losses)
$0Applicable income taxes
$6,728Income before extraordinary items
$0Extraordinary gains - net
$6,728Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$549Sale, conversion, retirement of capital stock, net
$3,000Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.01%Yield on earning assets
3.09%Cost of funding earning assets
2.92%Net interest margin
0.75%Noninterest income to earning assets
2.31%Noninterest expense to earning assets
1.16%Net operating income to assets
1.18%Return on assets (ROA)
1.18%Pretax return on assets
15.18%Return on equity (ROE)
8.41%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
67.76%Credit loss provision to net charge-offs
12.71%Efficiency ratio
61,708Assets per employee
3.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
44.59%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
316.81%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.47%Net loans and leases to deposits
36.12%Net loans and leases to core deposits
46.14%Equity capital to assets
6.87%Core capital (leverage) ratio
5.92%Tier 1 risk-based capital ratio
13.49%Total risk-based capital ratio
Memoranda
$14Average assets
$570,478Average earning assets
$44,326Average equity
$513,003Average loans

Bonnie Schwartz

⚠

My father-in-law had an account here from which GTL Insurance withdrew payments. He died in December of 2017. We did not know about the auto payments or the bank account.
The account fell below the payment amount in September so they contacted me. My husband was his personal representative but he died in April 2019. I am his beneficiary. I would like to close the account and have the balance sent to me.

Southern Exchange Bank in Tampa, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Southern Exchange Bank - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

Comment about this bank, ask questions, or add new information about it:

Southern Exchange Bank in Tampa, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

Southern Exchange Bank - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

Comment about this bank, ask questions, or add new information about it:

Southern Exchange Bank in Tampa, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches