FDIC Certificate #: 5668 Status: Inactive Federal Reserve ID: 209335 Bank Holding Company (Regulatory Top Holder): Park National Corporation (RSSDID: 1142336, Location: Newark, OH) Date Established: September 16, 1926 WWW:http://www.visionbankfl.net Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 18 (Domestic: 18, Interstate: Yes) FDIC's unique #: 3856 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: Febuary 16, 2012 Last Structure Change Process Date: Febuary 29, 2012 Last Data Update: Febuary 29, 2012 Data Source Date: April 05, 2012
Location
Address: 2200 Stanford Road, Panama City, FL 32405 County: Bay Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Panama City, FL (#6015) Core Based Statistical Area (CBSA): Panama City-Lynn Haven-Panama City Beach, FL (#37460) CBSA Metro Statistical Area: Panama City-Lynn Haven-Panama City Beach, FL (#37460)
History of Changes
Other Liquidations and Closings
Office Sold
Change in Insurance Status
Financial Summary
Total assets: $653.1 mil Equity capital: $111.2 mil Deposits held in domestic offices: $532.5 mil Return on assets (ROA): -3.07% (-$20.0 mil) Quarterly return on assets: -4.64% (-$30.3 mil) Return on Equity (ROE): -19.65% (-$21.8 mil) Quarterly return on equity: -26.88% (-$29.8 mil) Net income: -$22.5 mil Quarterly Net income: -$7.8 mil Pretax return on assets: -3.92% (-$25,599.8 mil) Quarterly Pretax return on assets: -3.53% (-$23,052.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
184Total employees (full-time equivalent)
$653,057Total assets
$20,784Cash and due from depository institutions
$0Interest-bearing balances
$101,000Securities
$17,500Federal funds sold & reverse repurchase agreements
$469,038Net loans & leases
$23,839Loan loss allowance
$0Trading account assets
$16,555Bank premises and fixed assets
$0Other real estate owned
$1,615Goodwill and other intangibles
$653,057Life insurance assets
$26,565All other assets
$541,876Total liabilities and capital
$532,499Total liabilities
$452,604Total deposits
$532,499Interest-bearing deposits
$85Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,368Trading liabilities
$0Other borrowed funds
$8,009Subordinated debt
$111,181All other liabilities
$111,181Total equity capital
$111,181Total bank equity capital
$0Perpetual preferred stock
$116Common stock
$330,896Surplus
$-219,831Undivided profits
Memoranda
$0Noncurrent loans and leases
$5,611Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$99,114Income earned, not collected on loans
$0Earning assets
$1,327Long-term assets (5+ years)
$587,538Average Assets, year-to-date
$84,125Average Assets, quarterly
$732,968Volatile liabilities
$672,750Insider loans
$467,842FHLB advances
$689,699Loans and leases held for sale
$3,450Unused loan commitments
$3,450Tier 1 (core) risk-based capital
$109,566Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$69,785Restructured Loans and leases
$4,404Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$31,581Total interest income
$4,502Total interest expense
$27,079Net interest income
$30,833Provision for loan and lease losses
$1,420Total noninterest income
$127Fiduciary activities
$2,088Service charges on deposit accounts
$0Trading account gains & fees
-$795Additional noninterest income
$31,597Total noninterest expense
$12,077Salaries and employee benefits
$2,976Premises and equipment expense
$16,544Additional noninterest expense
-$33,931Pre-tax net operating income
$5,195Securities gains (losses)
-$6,210Applicable income taxes
-$22,526Income before extraordinary items
$0Extraordinary gains - net
-$22,526Net income attributable to bank
$0Net charge-offs
-$22,526Cash dividends
$75,931Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.93%Yield on earning assets
0.70%Cost of funding earning assets
4.23%Net interest margin
0.22%Noninterest income to earning assets
4.94%Noninterest expense to earning assets
-3.63%Net operating income to assets
-3.07%Return on assets (ROA)
-3.92%Pretax return on assets
-19.65%Return on equity (ROE)
-19.65%Retained earnings to average equity (YTD only)
13.21%Net charge-offs to loans
40.61%Credit loss provision to net charge-offs
-0.04%Efficiency ratio
100,418Assets per employee
3.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.84%Loss allowance to noncurrent loans
24.05%Noncurrent assets plus other real estate owned to assets
15.18%Noncurrent loans to loans
20.11%Net loans and leases to deposits
88.08%Net loans and leases to core deposits
101.18%Equity capital to assets
17.02%Core capital (leverage) ratio
15.89%Tier 1 risk-based capital ratio
23.42%Total risk-based capital ratio
Memoranda
$25Average assets
$732,968Average earning assets
$114,659Average equity
$639,950Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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