FDIC Certificate #: 27135 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BRANNEN BANK (#5676) Federal Reserve ID: 1162099 Date Established: December 23, 1987 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 38848 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: December 23, 1987 Last Structure Change Effective Date: Febuary 01, 2008 Last Structure Change Process Date: Febuary 28, 2008 Last Data Update: Febuary 28, 2008 Data Source Date: April 05, 2012
Location
Address: 1187 South Broad Street, Brooksville, FL 34601 County: Hernando 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: $54.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
23Total employees (full-time equivalent)
$54,407Total assets
$6,893Cash and due from depository institutions
$3,577Interest-bearing balances
$4,129Securities
$726Federal funds sold & reverse repurchase agreements
$41,485Net loans & leases
$250Loan loss allowance
$0Trading account assets
$718Bank premises and fixed assets
$62Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$394All other assets
$54,407Total liabilities and capital
$50,788Total liabilities
$48,683Total deposits
$38,674Interest-bearing deposits
$48,683Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$105All other liabilities
$3,619Total equity capital
$3,619Total bank equity capital
$3,619Perpetual preferred stock
$0Common stock
$1,250Surplus
$1,950Undivided profits
Memoranda
$419Noncurrent loans and leases
$2,707Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$126Earning assets
$0Long-term assets (5+ years)
$160Average Assets, year-to-date
$49,917Average Assets, quarterly
$25,396Volatile liabilities
$53,842Insider loans
$54,199FHLB advances
$5,902Loans and leases held for sale
$66Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,707Total unused commitments
$0Restructured Loans and leases
$250Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$3,279Total interest income
$1,199Total interest expense
$2,080Net interest income
$3Provision for loan and lease losses
$630Total noninterest income
$0Fiduciary activities
$530Service charges on deposit accounts
$0Trading account gains & fees
$100Additional noninterest income
$2,238Total noninterest expense
$997Salaries and employee benefits
$223Premises and equipment expense
$1,018Additional noninterest expense
$469Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$469Income before extraordinary items
$0Extraordinary gains - net
$469Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$470Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.48%Yield on earning assets
2.37%Cost of funding earning assets
4.11%Net interest margin
1.25%Noninterest income to earning assets
4.43%Noninterest expense to earning assets
0.87%Net operating income to assets
0.87%Return on assets (ROA)
0.87%Pretax return on assets
13.03%Return on equity (ROE)
-0.03%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
150.00%Credit loss provision to net charge-offs
236.00%Efficiency ratio
82,583Assets per employee
2.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.21%Loss allowance to loans
0.60%Loss allowance to noncurrent loans
198.41%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.30%Net loans and leases to deposits
85.21%Net loans and leases to core deposits
96.97%Equity capital to assets
6.65%Core capital (leverage) ratio
6.62%Tier 1 risk-based capital ratio
11.55%Total risk-based capital ratio
Memoranda
$12Average assets
$53,842Average earning assets
$3,599Average equity
$50,575Average loans
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