FDIC Certificate #: 57386 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:TIB Bank (#21435) Federal Reserve ID: 3158863 Date Established: January 13, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 362993 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 13, 2003 Last Structure Change Effective Date: September 26, 2009 Last Structure Change Process Date: October 09, 2009 Last Data Update: October 09, 2009 Data Source Date: April 05, 2012
Location
Address: 240 Nokomis Avenue South, Venice, FL 34285 County: Sarasota 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): Sarasota-Bradenton, FL (#7510) Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494) Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840) CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
Financial Summary
Total assets: $91.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
23Total employees (full-time equivalent)
$91,829Total assets
$2,701Cash and due from depository institutions
$7Interest-bearing balances
$6,392Securities
$4,127Federal funds sold & reverse repurchase agreements
$66,066Net loans & leases
$1,887Loan loss allowance
$0Trading account assets
$3,025Bank premises and fixed assets
$0Other real estate owned
$6,594Goodwill and other intangibles
$962Life insurance assets
$2,924All other assets
$91,829Total liabilities and capital
$78,648Total liabilities
$64,171Total deposits
$57,702Interest-bearing deposits
$64,171Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,900Other borrowed funds
$0Subordinated debt
$1,577All other liabilities
$13,181Total equity capital
$13,181Total bank equity capital
$13,181Perpetual preferred stock
$0Common stock
$4,427Surplus
$10,327Undivided profits
Memoranda
$-1,573Noncurrent loans and leases
$4,355Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$432Earning assets
$0Long-term assets (5+ years)
$291Average Assets, year-to-date
$76,592Average Assets, quarterly
$9,856Volatile liabilities
$83,457Insider loans
$88,444FHLB advances
$21,103Loans and leases held for sale
$3,687Unused loan commitments
$12,900Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,355Total unused commitments
$553Restructured Loans and leases
$746Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$4,433Total interest income
$2,103Total interest expense
$2,330Net interest income
$1,673Provision for loan and lease losses
$134Total noninterest income
$0Fiduciary activities
$126Service charges on deposit accounts
$0Trading account gains & fees
$8Additional noninterest income
$3,303Total noninterest expense
$1,545Salaries and employee benefits
$621Premises and equipment expense
$1,137Additional noninterest expense
-$2,512Pre-tax net operating income
$0Securities gains (losses)
-$928Applicable income taxes
-$1,584Income before extraordinary items
$0Extraordinary gains - net
-$1,584Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$462Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.39%Yield on earning assets
3.03%Cost of funding earning assets
3.36%Net interest margin
0.19%Noninterest income to earning assets
4.76%Noninterest expense to earning assets
-1.90%Net operating income to assets
-1.90%Return on assets (ROA)
-3.01%Pretax return on assets
-11.12%Return on equity (ROE)
-11.12%Retained earnings to average equity (YTD only)
0.73%Net charge-offs to loans
362.12%Credit loss provision to net charge-offs
-1.82%Efficiency ratio
124,635Assets per employee
3.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.78%Loss allowance to noncurrent loans
436.81%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
0.64%Net loans and leases to deposits
102.95%Net loans and leases to core deposits
139.92%Equity capital to assets
14.35%Core capital (leverage) ratio
8.05%Tier 1 risk-based capital ratio
11.15%Total risk-based capital ratio
Memoranda
$12Average assets
$83,457Average earning assets
$14,241Average equity
$69,374Average loans
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