FDIC Certificate #: 57434 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Vision Bank (#5668) Federal Reserve ID: 3154342 Date Established: January 21, 2003 WWW:http://www.visionbankfsb.net Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 17937 FDIC's unique #: 363555 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: January 21, 2003 Last Structure Change Effective Date: October 15, 2004 Last Structure Change Process Date: October 21, 2004 Last Data Update: October 21, 2004 Data Source Date: April 05, 2012
Location
Address: 2120 Harrison Avenue, 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)
Financial Summary
Total assets: $71.4 mil
Assets and Liabilities (December 31, 2003)
Dollar figures in thousands
22Total employees (full-time equivalent)
$34,812Total assets
$1,499Cash and due from depository institutions
$277Interest-bearing balances
$1,986Securities
$3,014Federal funds sold & reverse repurchase agreements
$26,834Net loans & leases
$326Loan loss allowance
$0Trading account assets
$580Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$899All other assets
$34,812Total liabilities and capital
$28,545Total liabilities
$28,353Total deposits
$28,353Interest-bearing deposits
$28,353Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$192All other liabilities
$6,267Total equity capital
$6,267Total bank equity capital
$6,267Perpetual preferred stock
$0Common stock
$5Surplus
$7,495Undivided profits
Memoranda
$-1,233Noncurrent loans and leases
$4,552Noncurrent 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)
$105Average Assets, year-to-date
$32,111Average Assets, quarterly
$0Volatile liabilities
$28,188Insider loans
$34,256FHLB advances
$17,779Loans and leases held for sale
$5,439Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,552Total unused commitments
$0Restructured Loans and leases
$326Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,082Total interest income
$297Total interest expense
$785Net interest income
$327Provision for loan and lease losses
$163Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$163Additional noninterest income
$2,575Total noninterest expense
$1,105Salaries and employee benefits
$439Premises and equipment expense
$1,031Additional noninterest expense
-$1,954Pre-tax net operating income
$0Securities gains (losses)
-$731Applicable income taxes
-$1,223Income before extraordinary items
$0Extraordinary gains - net
-$1,223Net 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)
4.18%Yield on earning assets
1.15%Cost of funding earning assets
3.03%Net interest margin
0.63%Noninterest income to earning assets
9.95%Noninterest expense to earning assets
-4.34%Net operating income to assets
-4.34%Return on assets (ROA)
-6.93%Pretax return on assets
-18.65%Return on equity (ROE)
-18.65%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
271,624Assets per employee
1.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.20%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
94.64%Net loans and leases to core deposits
253.77%Equity capital to assets
18.00%Core capital (leverage) ratio
16.25%Tier 1 risk-based capital ratio
17.50%Total risk-based capital ratio
Memoranda
$19Average assets
$28,188Average earning assets
$6,559Average equity
$25,879Average loans
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