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Bank directory 2 (Sara/Mana edition)
irst National Bank of Florida
(being acquired by Fifth Third Bank)
900 Goodlette Road N., Naples, Fla.34101
Web site: www.fnbflorida.com
Established: June 19, 1989
S-Corp: No
Year-to-date
Operations3/31/033/31/04
Total employees7001,025
Domestic Offices4359
Total assets 2,839,7913,970,651
Net loans & leases 2,042,8732,555,877
Total deposits 2,282,2172,965,003
Equity capital 252,806398,449
Noncurrent loans & leases 3,7955,526
Insider loans 16,89218,105
Total interest income 38,02843,526
Total interest expense 9,94910,470
Net interest income 28,07933,056
Total noninterest income 6,8246,865
Total noninterest expense 19,52024,652
Salaries & employee benefits 9,30414,507
Pre-tax net operating income 13,65113,869
Net income 8,0979,539
Performance Ratios (%)
Yield on earning assets 6.29%5.24%
Net interest margin 4.64%3.98%
Noninterest expense/assets 3.23%2.97%
Return on assets (ROA) 1.17%0.99%
Return on equity (ROE) 12.92%9.68%
Net charge-offs to loans 0.21%0.06%
Efficiency ratio 55.28%61.12%
Assets/employee ($ millions) 4.063.87
Loss allowance/loans 1.07%1.13%
Noncur. assets, OREO/assets 0.18%0.15%
Noncurrent loans/loans 0.18%0.21%
Net loans, leases/deposits 89.51%86.20%
Equity capital to assets 8.90%10.03%
First Priority Bank
4702 Cortez Road W., Bradenton, Fla.34207
Phone: (941) 750-6400 Fax: (941) 795-5771
Web site: www.fpbank.com
Established: Dec. 8, 2003
S-Corp: No
Lead local executive: George Najmy, CEO
bank directors: George Najmy, Alan Zirkelbach, Brian Sullivan, Jeffery Polivchak, Peter Brown, Jeffrey Thompson, Daniel Conrad, John Wichman Esq., Michael Fuller, Daniel Zoller Jr., Thomas Restwuide Sr., Susan Atherton.
chief local lending officer: Steve Putnam
Year-to-date
Operations3/31/04
Total employees 15
Domestic Offices1
Total assets 34,819
Net loans & leases 6,348
Total deposits 26,889
Equity capital 7,897
Noncurrent loans & leases 0
Insider loans 803
Total interest income 128
Total interest expense 133
Net interest income -5
Total noninterest income 5
Total noninterest expense 417
Salaries & employee benefits 212
Pre-tax net operating income -495
Net income -310
Performance Ratios (%)
Yield on earning assets 2.42%
Net interest margin -0.09%
Noninterest expense/assets 7.89%
Return on assets (ROA) -5.40%
Return on equity (ROE) -15.42%
Net charge-offs to loans 0
Efficiency ratio N/A
Assets/employee ($ millions) 2.32
Loss allowance/loans 1.24%
Noncur. assets, OREO/assets 0
Noncurrent loans/loans 0
Net loans, leases/deposits 23.61%
Equity capital to assets 22.68%
First State Bank
22 South Links Ave., Sarasota, Fla.34236
Phone: (941) 929-9000 Fax: (941) 951-6189
Web site: N/A
Established: Oct. 27, 1988
S-Corp: No
Lead local executive: Corey Coughlin, president; bank directors: DND; chief local lending officer: Michael Worthington
Year-to-date
Operations3/31/033/31/04
Total employees 6470
Domestic Offices66
Total assets 167,502223,396
Net loans & leases 133,928185,283
Total deposits 152,027202,006
Equity capital 11,62217,250
Noncurrent loans & leases 1,1241,126
Insider loans 2,7281,349
Total interest income 2,3313,223
Total interest expense 9281,122
Net interest income 1,4032,101
Total noninterest income 242270
Total noninterest expense 1,2641,563
Salaries & employee benefits 611838
Pre-tax net operating income 345728
Net income 215454
Performance Ratios (%)
Yield on earning assets 6.27%6.27%
Net interest margin 3.77%4.09%
Noninterest expense/assets 3.40%3.04%
Return on assets (ROA) 0.54%0.83%
Return on equity (ROE) 7.45%11.31%
Net charge-offs to loans 0.44%-0.02%
Efficiency ratio 76.84%65.92%
Assets/employee ($ millions) 2.623.19
Loss allowance/loans 1.17%1.26%
Noncur. assets, OREO/assets 0.76%0.50%
Noncurrent loans/loans 0.83%0.60%
Net loans, leases/deposits 88.09%91.72%
Equity capital to assets 6.94%7.72%
Flagship National Bank
6000 26th St. W., Bradenton, Fla.34207
Phone: (941) 752-1433 Fax: (941) 752-1612
Web site: www.flagshipnationalbank.com
Established: May 18, 1999
S-Corp: Yes
Lead local executive: Linda Hoypic, president; bank directors: DND; chief local lending officer: Linda Hoypic
Year-to-date
Operations3/31/033/31/04
Total employees2121
Domestic Offices22
Total assets 87,801102,934
Net loans & leases 62,87477,852
Total deposits 78,90594,570
Equity capital 6,2026,663
Noncurrent loans & leases 848368
Insider loans 2,6942,880
Total interest income 1,1291,256
Total interest expense 486472
Net interest income 643784
Total noninterest income 6663
Total noninterest expense 530592
Salaries & employee benefits 259279
Pre-tax net operating income 147137
Net income 147137
Performance Ratios (%)
Yield on earning assets 5.78%5.56%
Net interest margin 3.29%3.47%
Noninterest expense/assets 2.71%2.62%
Return on assets (ROA) 0.69%0.55%
Return on equity (ROE) 9.52%8.34%
Net charge-offs to loans 00.57%
Efficiency ratio 74.75%69.89%
Assets/employee ($ millions) 4.184.90
Loss allowance/loans 1.04%0.99%
Noncur. assets, OREO/assets 0.97%0.93%
Noncurrent loans/loans 1.33%0.47%
Net loans, leases/deposits 79.68%82.32%
Equity capital to assets 7.06%6.47%
Fifth Third Bank
(acquiring First National Bank of Florida)
38 Fountain Square Plaza, Cincinnati, Ohio 45263
540 John Ringling Blvd., Sarasota, Fla. 34236
Phone: (941) 388-1240 Fax: (941) 388-9129
Web site: www.53.com
Established: Jan. 1, 1865
S-Corp: No
Lead local executive: Sandy Santilli, city manager; bank directors: George Schaefer Jr., Kenneth Lowe, Darryl Allen, Hendrick Meijer, John Barrett, Robert Morgan, James Hackett, James Rogers, Joan Herschede, John Schiff Jr., Allen Hill, Dudley Taft, Robert Koch II, Thomas Traylor, Mitchel Livingston Ph.D.; chief local lending officer: Sandy Santilli, city manager
Year-to-date
Operations3/31/033/31/04
Total employees11,96811,522
Domestic Offices386385
Total assets 51,781,76858,943,000
Net loans & leases 27,662,91630,210,075
Total deposits 27,604,07827,821,964
Equity capital 4,034,8504,623,799
Noncurrent loans & leases 206,447172,092
Insider loans 210,392168,024
Total interest income 596,935627,020
Total interest expense 176,788151,330
Net interest income 420,147475,690
Total noninterest income 402,282493,390
Total noninterest expense 391,098438,242
Pre-tax net operating income 385,078481,373
Net income 269,442315,483
Performance Ratios (%)
Yield on earning assets 5.27%4.85%
Net interest margin 3.71%3.68%
Noninterest expense/assets 3.45%3.39%
Return on assets (ROA) 2.16%2.18%
Return on equity (ROE) 27.08%28.66%
Net charge-offs to loans 0.60%0.60%
Efficiency ratio 46.51%44.37%
Assets/employee ($ millions) 4.335.12
Loss allowance/loans 1.27%1.29%
Noncur. assets, OREO/assets 0.44%0.37%
Noncurrent loans/loans 0.74%0.56%
Net loans, leases/deposits 100.21%108.58%
Equity capital to assets 7.79%7.84%
Gold Bank
(merging charter with Gold Bank in Kansas)
4502 Cortez Road W., Bradenton, Fla.34210
Phone: (941) 795-3050 Fax: (941) 794-6427
Web site: www.ambankfl.com
Established: May 8, 1989
S-Corp: No
Lead local executive: Jerry Neff, state president; bank directors: N/A; chief local lending officer: John Nash, community bank president and senior credit officer
Year-to-date
Operations3/31/033/31/04
Total employees173172
Domestic Offices1111
Total assets 748,692897,275
Net loans & leases 488,466594,985
Total deposits 520,483656,462
Equity capital 54,12362,432
Noncurrent loans & leases 567751
Insider loans 7,9178,478
Total interest income 9,19010,165
Total interest expense 4,1483,690
Net interest income 5,0426,475
Total noninterest income 1,6561,646
Total noninterest expense 4,7875,198
Salaries & employee benefits 2,4652,274
Pre-tax net operating income 1,3112,353
Net income 9331,601
Performance Ratios (%)
Yield on earning assets 5.73%5.07%
Net interest margin 3.14%3.23%
Noninterest expense/assets 2.98%2.59%
Return on assets (ROA) 0.53%0.75%
Return on equity (ROE) 7.31%10.71%
Net charge-offs to loans 0.15%0.16%
Efficiency ratio 71.47%64.01%
Assets/employee ($ millions) 4.335.22
Loss allowance/loans 1.04%0.99%
Noncur. assets, OREO/assets 0.08%0.08%
Noncurrent loans/loans 0.11%0.12%
Net loans, leases/deposits 93.85%90.64%
Equity capital to assets 7.23%6.96%
Harris Trust and Savings Bank
111 West Monroe St., Chicago, Ill. 60603
1800 2nd St., Suite 100, Sarasota, Fla. 34236
Phone: (941) 364-9977 Fax: (941) 954-4328
Web site: www.harrisbank.com
Established: May 1, 1882
S-Corp: No
Lead local executive: Martha Honey, market president; bank directors: Susan M. Brainerd, Michael Frow, Richard L. Klaas, Robert P. Marschall, Jay L. Owen, Roy C. Palmer, Sunday P. Perry; chief local lending officer: Kimberly Porter
Year-to-date
Operations3/31/033/31/04
Total employees (full-time) 4,1553,802
Domestic Offices5454
Total assets 20,327,39921,336,907
Net loans & leases 9,759,43610,064,301
Total deposits 11,681,57013,900,303
Equity capital 1,588,9781,618,172
Noncurrent loans & leases 181,923176,827
Insider loans 19,80315,925
Total interest income 163,268157,509
Total interest expense 52,72151,888
Net interest income 110,547105,621
Total noninterest income 85,32595,269
Total noninterest expense 134,681146,161
Salaries & employee benefits 96,89194,782
Pre-tax net operating income 43,57437,404
Net income 33,42234,798
Performance Ratios (%)
Yield on earning assets 3.99%3.58%
Net interest margin 2.70%2.40%
Noninterest expense/assets 3.29%3.32%
Return on assets (ROA) 0.68%0.67%
Return on equity (ROE) 8.43%8.65%
Net charge-offs to loans 0.66%0.37%
Efficiency ratio 66.64%70.45%
Assets/employee ($ millions) 4.895.61
Loss allowance/loans 2.09%2.36%
Noncur. assets, OREO/assets 0.90%0.83%
Noncurrent loans/loans 1.83%1.72%
Net loans, leases/deposits 83.55%72.40%
Equity capital to assets 7.82%7.58%
Horizon Bank
900 53rd Ave. E., Bradenton, Fla. 34203
Phone: (941)753-2265 Fax: N/A
Web site: www.horizonbankfl.com
Established: Oct. 25, 1999
S-Corp: No
Lead local executive, bank directors, chief local lending officer: N/A
Year-to-date
Operations3/31/033/31/04
Total employees2831
Domestic Offices22
Total assets 76,231101,104
Net loans & leases 58,39582,223
Total deposits 71,40293,426
Noncurrent loans & leases 392207
Insider loans 1,4753,651
Total interest income 1,1751,414
Total interest expense 464497
Net interest income 711917
Total noninterest income 3943
Total noninterest expense 669722
Salaries & employee benefits 320361
Pre-tax net operating income 37117
Net income 37117
Performance Ratios (%)
Yield on earning assets 7.35%6.80%
Net interest margin 4.45%4.41%
Noninterest expense/assets 4.19%3.47%
Return on assets (ROA) 0.20%0.49%
Return on equity (ROE) 3.15%7.19%
Net charge-offs to loans 00.31%
Earnings coverage of net loan charge-offs (x) N/A3.90
Assets/employee ($ millions) 2.723.26
Loss allowance/loans 0.93%0.92%
Noncur. assets, OREO/assets 0.51%0.20%
Noncurrent loans/loans 0.67%0.25%
Net loans, leases/deposits 81.78%88.01%
Equity capital to assets 6.15%6.52%
The Huntington National Bank
17 South High St., Columbus, Ohio43216
900 53rd Ave. E., Bradenton, Fla. 34203
Phone: (941) 753-2265Fax: (941) 753-6235
Web site: www.huntington.com
Established: Jan. 6, 1866
S-Corp: No
Lead local executive: Charles Conoley, president/CEO; bank directors: Raymond Biggs, Karen Holbrook, Don Casto, David Lauer, Michael Endres, William Jhota, John Gerlach, David Porteous, Kathleen Ransier, Thomas Hoaglin, Robert Schottenstein; chief local lending officer: Brad Severson
Year-to-date
Operations3/31/033/31/04
Total employees7,8997,654
Domestic Offices398373
Total assets 27,774,00630,833,846
Net loans & leases 19,029,31220,978,446
Total deposits 18,179,45019,719,833
Equity capital 1,530,1131,565,794
Noncurrent loans & leases 183,883126,183
Insider loans 279,957117,261
Total interest income 327,595319,187
Total interest expense 119,596102,754
Net interest income 207,999216,433
Total noninterest income 266,510202,748
Total noninterest expense 318,309277,606
Salaries & employee benefits 111,355108,511
Pre-tax net operating income 120,137118,374
Net income 87,63197,741
Performance Ratios (%)
Yield on earning assets 5.87%4.87%
Net interest margin 3.72%3.30%
Noninterest expense/assets 5.70%4.24%
Return on assets (ROA) 1.27%1.28%
Return on equity (ROE) 23.52%25.33%
Net charge-offs to loans 0.68%0.54%
Efficiency ratio 67.08%66.23%
Assets/employee ($ millions) 3.524.03
Loss allowance/loans 1.56%1.34%
Noncur. assets, OREO/assets 0.71%0.46%
Noncurrent loans/loans 0.95%0.59%
Net loans, leases/deposits 104.67%106.38%
Equity capital to assets 5.51%5.08%
JPMorgan Chase Bank
(merged with Bank One)
270 Park Ave., New York City, N.Y. 10017
240 N. Washington Blvd., Suite 100
Sarasota, Fla. 24346
Phone: (941) 954-4432 Fax: (941) 365-0572
Web site: www.jpmorganchase.com
Established: Jan. 1, 1824
S-Corp: No
Lead local executive: Jeffrey Carter, district manager; bank directors: Hans Becherer, John Biggs, Lawrence Bossidy, Stephen Burke, James Crown, James Dimon, Ellen Futter, William Gary III, William Harrison Jr., Laban Jackson Jr., John Kessler, Robert Lipp, Richard Manoogian, David Novak, Lee Raymond, John Stafford; chief local lending officer: Michael Martin
Year-to-date
Operations3/31/033/31/04
Total employees 77,15475,542
Domestic Offices590589
Total assets 621,240,000648,692,000
Net loans & leases 183,354,000180,115,000
Total deposits 300,140,000330,834,000
Equity capital 36,274,00038,168,000
Noncurrent loans & leases 3,768,0002,663,000
Insider loans 116,00065,000
Total interest income 4,851,0003,954,000
Total interest expense 2,327,0001,865,000
Net interest income 2,524,0002,089,000
Total noninterest income 3,581,0004,157,000
Total noninterest expense 4,450,0004,693,000
Salaries & employee benefits 2,396,0002,537,000
Pre-tax net operating income 1,162,0001,781,000
Net income 1,081,0001,259,000
Performance Ratios (%)
Yield on earning assets 4.17%3.21%
Net interest margin 2.17%1.69%
Noninterest expense/assets 3.82%3.81%
Return on assets (ROA) 0.70%0.79%
Return on equity (ROE) 12.04%13.31%
Net charge-offs to loans 0.79%0.37%
Efficiency ratio 72.78%75.01%
Assets/employee ($ millions) 8.058.59
Loss allowance/loans 2.04%1.52%
Noncur. assets, OREO/assets 0.69%0.48%
Noncurrent loans/loans 2.01%1.46%
Net loans, leases/deposits 61.09%54.44%
Equity capital to assets 5.84%5.88%
LandMark Bank of Florida
544 South Washington Blvd., Sarasota, Fla. 34236
Phone: (941) 954-5100 Fax: (941) 373-9279
Web site: www.landmarkbankfl.com
Established: Feb. 4, 2000
S-Corp: No
Lead local executive: Thomas G. Quale, CEO; bank directors: Annette K. Ayers, Robert W. Brown, Thomas G. Dabney, Gerald L. Pennington, Thomas G. Quale, John M. Steele, MD, T. Raymond Suplee and Kathleen M. Toale; chief local lending officer: Sean Powers, executive vice president and senior lending officer
Year-to-date
Operations3/31/033/31/04
Total employees2834
Domestic Offices22
Total assets 93,648143,218
Net loans & leases 72,31998,236
Total deposits 82,864127,446
Equity capital 8,8059,641
Noncurrent loans & leases 00
Insider loans 161,375
Total interest income 1,2211,627
Total interest expense 453502
Net interest income 7681,125
Total noninterest income 4496
Total noninterest expense 574891
Salaries & employee benefits 333522
Pre-tax net operating income 127273
Net income 106175
Performance Ratios (%)
Yield on earning assets 6.04%5.05%
Net interest margin 3.80%3.49%
Noninterest expense/assets 2.84%2.77%
Return on assets (ROA) 0.49%0.51%
Return on equity (ROE) 4.93%7.37%
Net charge-offs to loans 00
Efficiency ratio 70.69%72.97%
Assets/employee ($ millions) 3.344.21
Loss allowance/loans 1.10%1.10%
Noncur. assets, OREO/assets 0.14%0
Noncurrent loans/loans 00
Net loans, leases/deposits 87.27%77.08%
Equity capital to assets 9.40%6.73%
Liberty Savings Bank FSB
647 Fife Ave., Wilmington, Ohio 45177
544 S. Washington Blvd., Sarasota, Fla. 34236
Phone: (941) 366-8585 Fax: (941) 365-7770
Web site: www.libertysavingsbank.com
Established: Sept. 14, 1984
S-Corp: Yes
Lead local executive: Matthew Kluding, regional president; bank directors: DND ; chief local lending officer: Matthew Kluding
Year-to-date
Operations3/31/033/31/04
Total employees688613
Domestic Offices4444
Total assets 1,825,8321,756,544
Net loans & leases 1,007,8741,030,309
Total deposits 1,390,1081,317,447
Equity capital 132,190144,494
Noncurrent loans & leases 12,94410,755
Insider loans 9171,628
Total interest income 21,72620,273
Total interest expense 13,0329,378
Net interest income 8,69410,895
Total noninterest income 2,3812,308
Total noninterest expense 13,47112,285
Salaries & employee benefits 7,8567,113
Pre-tax net operating income -5,646-23
Net income -1,8273,292
Performance Ratios (%)
Yield on earning assets 4.94%4.89%
Net interest margin 1.98%2.63%
Noninterest expense/assets 3.06%2.96%
Return on assets (ROA) -0.39%0.74%
Return on equity (ROE) -5.49%9.56%
Net charge-offs to loans 1.38%0.56%
Efficiency ratio 121.63%93.05%
Assets/employee ($ millions) 2.652.87
Loss allowance/loans 1.00%0.66%
Noncur. assets, OREO/assets 0.82%0.67%
Noncurrent loans/loans 1.27%1.04%
Net loans, leases/deposits 72.50%78.20%
Equity capital to assets 7.24%8.23%
Manatee River Community Bank
430 8th Ave. W., Palmetto, Fla. 34221
Phone: (941)722-2992Fax: N/A
Web site: www.manateeriverbank.com
Established: Dec. 7, 1998
S-Corp: Yes
Lead local executive, bank directors, chief local lending officer: N/A
Year-to-date
Operations3/31/033/31/04
Total employees2728
Domestic Offices11
Total assets 85,77099,514
Net loans & leases 60,38979,517
Total deposits 77,91491,463
Equity capital 6,0537,060
Noncurrent loans & leases 143375
Insider loans 943902
Total interest income 1,0671,231
Total interest expense 533515
Net interest income 534716
Total noninterest income 103122
Total noninterest expense 548650
Salaries & employee benefits 314393
Pre-tax net operating income 67166
Net income 102202
Performance Ratios (%)
Yield on earning assets 5.74%5.68%
Net interest margin 2.87%3.31%
Noninterest expense/assets 2.95%3.00%
Return on assets (ROA) 0.50%0.84%
Return on equity (ROE) 6.68%11.54%
Net charge-offs to loans 0.01%0
Efficiency ratio 86.03%77.57%
Assets/employee ($ millions) 3.183.55
Loss allowance/loans 0.60%0.58%
Noncur. assets, OREO/assets 0.38%0.38%
Noncurrent loans/loans 0.24%0.47%
Net loans, leases/deposits 77.51%86.94%
Equity capital to assets 7.06%7.09%
Northern Trust
Bank of Florida NA
700 Brickell Ave., Miami, Fla. 33131
1515 Ringling Blvd., Sarasota, Fla. 34236
Phone: (941) 957-3660 Fax: (941) 362-7744
Web site: www.northerntrust.com
Established: Nov. 1, 1982
S-Corp: No
Lead local executive: Philip Delaney, president; bank directors: Duane Burnham, Dolores Cross, Susan Crown, Robert Hamada, Robert Helman, Dipak Jain, Arthur Kelly, Robert McCormack, Edward Mooney, William Osborn, John Rowe, Harold Smith, William Smithburg; chief local lending officer: Pete Bigel
Year-to-date
Operations3/31/033/31/04
Total employees (full-time) 900846
Domestic Offices3837
Total assets 4,558,8374,960,913
Net loans & leases 4,033,1724,315,811
Total deposits 3,543,9973,889,580
Equity capital 370,881390,506
Noncurrent loans & leases 7,5106,374
Insider loans 19,3059,925
Total interest income 50,33146,244
Total interest expense 19,10915,115
Net interest income 31,22231,129
Total noninterest income 33,04336,689
Total noninterest expense 31,98333,164
Salaries & employee benefits 19,44720,072
Pre-tax net operating income 31,98234,554
Net income 19,66221,242
Performance Ratios (%)
Yield on earning assets 4.48%3.92%
Net interest margin 2.78%2.64%
Noninterest expense/assets 2.85%2.81%
Return on assets (ROA) 1.65%1.71%
Return on equity (ROE) 21.78%21.93%
Net charge-offs to loans 0.02%-0.02%
Efficiency ratio 49.77%48.90%
Assets/employee ($ millions) 5.075.86
Loss allowance/loans 0.47%0.47%
Noncur. assets, OREO/assets 0.18%0.14%
Noncurrent loans/loans 0.19%0.15%
Net loans, leases/deposits 113.80%110.96%
Equity capital to assets 8.14%7.87%
Orion Bank
3838 North Tamiami Trail, Naples, Fla.34103
8181 S. Tamiami Trail, Sarasota, Fla. 34231
Phone: (941) 552-3721 Fax: (941) 552-3734
Web site: www.orionbank.com
Established: Feb. 28, 1977
S-Corp: No
Lead local executive: Rich Hopper, Sarasota-Manatee County Area President; bank directors: Jerry J. Williams (chairman) D.N.D.; chief local lending officer: Dan Torrence, vice president and commercial lender
Year-to-date
Operations3/31/033/31/04
Total employees142168
Domestic Offices1214
Total assets 794,9891,029,042
Net loans & leases 623,127825,907
Total deposits 640,730853,795
Equity capital 60,09184,028
Noncurrent loans & leases 15364
Insider loans 20,77518,022
Total interest income 10,93612,730
Total interest expense 3,3073,275
Net interest income 7,6299,455
Total noninterest income 1,4851,844
Total noninterest expense 4,7125,401
Salaries & employee benefits 2,4682,794
Pre-tax net operating income 4,1025,523
Net income 2,9343,541
Performance Ratios (%)
Yield on earning assets 6.31%5.71%
Net interest margin 4.40%4.24%
Noninterest expense/assets 2.72%2.42%
Return on assets (ROA) 1.51%1.44%
Return on equity (ROE) 19.91%17.59%
Net charge-offs to loans 00
Efficiency ratio 51.70%47.80%
Assets/employee ($ millions) 5.606.13
Loss allowance/loans 0.70%0.68%
Noncur. assets, OREO/assets 0.06%0.01%
Noncurrent loans/loans 0.02%0.01%
Net loans, leases/deposits 97.25%96.73%
Equity capital to assets 7.56%8.17%
Peninsula Bank
3100 South McCall Road, Englewood, Fla.34224
Phone: (941) 363-9116 Fax: (941) 363-9117
Web site: N/A
Established: Jan. 21, 1986
S-Corp: No
Lead local executive: Simon Portnoy, president/CEO; bank directors: Simon Portnoy, Robert Granicz, Lenard Brown, Paul Collom, Nathan Esformes, Dr. Melvyn Katzen, Stephen Lazovitz, Carlo LoRicco, Dr. Luis Serentill, Joseph Dresner, Dr. Jaime Torner; chief local lending officer: Richard Solano, executive vice president of commercial lending
Year-to-date
Operations3/31/033/31/04
Total employees 8792
Domestic Offices88
Total assets 268,865348,190
Net loans & leases 162,063206,813
Total deposits 240,078313,020
Equity capital 23,30127,808
Noncurrent loans & leases 1,9001,355
Insider loans 15,17318,491
Total interest income 3,8774,304
Total interest expense 1,6131,657
Net interest income 2,2642,647
Total noninterest income 678648
Total noninterest expense 1,5161,734
Salaries & employee benefits 808831
Pre-tax net operating income 1,3111,506
Net income 9111,042
Performance Ratios (%)
Yield on earning assets 6.84%5.48%
Net interest margin 3.99%3.37%
Noninterest expense/assets 2.67%2.21%
Return on assets (ROA) 1.40%1.22%
Return on equity (ROE) 16.10%15.32%
Net charge-offs to loans 0.94%0.01%
Efficiency ratio 51.53%52.63%
Assets/employee ($ millions) 3.093.78
Loss allowance/loans 0.98%0.86%
Noncur. assets, OREO/assets 2.84%1.64%
Noncurrent loans/loans 1.16%0.65%
Net loans, leases/deposits 67.50%66.07%
Equity capital to assets 8.67%7.99%
People's Community
Bank of the West Coast
25 South Links Ave., Sarasota, Fla. 34236
Phone: (941) 365-5934 Fax: (941) 365-8413
Web site: www.peoplescb.com
Established: Oct. 4, 1999
S-Corp: No
Lead local executive: Neil McCurry Jr., CEO
bank directors: Peter Skokos (chairman of the board), William Beauchamp, Brian Beauchamp, Michael Blaikie, Horst Boesch, Joel Cox, James Dean, Steven Liebel, John Metz. Neil McCurry Jr.
chief local lending officer: Rick Halloran, senior lender and executive vice president
Year-to-date
Operations3/31/033/31/04
Total employees 2235
Number of Domestic Offices13
Total assets 97,058142,775
Net loans & leases 67,962110,859
Total deposits 88,391124,981
Equity capital 8,11912,266
Noncurrent loans & leases 674
Insider loans 2,0671,943
Total interest income 1,2121,653
Total interest expense 428490
Net interest income 7841,163
Total noninterest income 110130
Total noninterest expense 725962
Salaries & employee benefits 406573
Pre-tax net operating income 94150
Net income 6292
Performance Ratios (%)
Yield on earning assets 6.08%5.47%
Net interest margin 3.93%3.85%
Noninterest expense/assets 3.64%3.18%
Return on assets (ROA) 0.28%0.28%
Return on equity (ROE) 3.26%3.02%
Net charge-offs to loans 00
Efficiency ratio 81.10%74.40%
Assets/employee ($ millions) 4.414.08
Loss allowance/loans 1.12%1.08%
Noncur. assets, OREO/assets 0.07%0.00%
Noncurrent loans/loans 0.10%0.00%
Net loans, leases/deposits 76.89%88.70%
Equity capital to assets 8.37%8.59%
RBC Centura Bank
131 North Church St., Rocky Mount, N.C. 27804
1549 Ringling Blvd., Sarasota, Fla. 34236
Phone: (941) 951-4500 Fax: (941) 951-4405
Web site: www.rbccentura.com
Established: Nov. 3, 1990
S-Corp: No
Lead local executive: Scott Stafford, regional manager/personal banking and Scott Williams, commercial team leader; bank directors: Bill Redding, Tracy Parks, Harold Dawson Jr., Kel Landis, Scott Custer, Cecil Sewell, Jim Rager, Peter Currie, Jon Legg; chief local lending officer: Charlie Fargo, senior credit risk and special loans
Year-to-date
Operations3/31/033/31/04
Total employees (full-time) 6,2796,054
Domestic Offices239267
Total assets 17,702,44620,198,145
Net loans & leases 10,190,24512,034,702
Total deposits 8,193,2139,688,080
Equity capital 2,805,5443,158,449
Noncurrent loans & leases 112,855103,664
Insider loans 2,9702,987
Total interest income 192,844184,295
Total interest expense 61,11254,833
Net interest income 131,732129,462
Total noninterest income 74,44090,598
Total noninterest expense 145,191190,905
Salaries & employee benefits 72,041102,337
Pre-tax net operating income 50,85716,026
Net income 34,19313,875
Performance Ratios (%)
Yield on earning assets 5.55%4.50%
Net interest margin 3.79%3.16%
Noninterest expense/assets 4.18%4.66%
Return on assets (ROA) 0.82%0.28%
Return on equity (ROE) 5.05%1.77%
Net charge-offs to loans 0.23%0.34%
Efficiency ratio 65.81%83.29%
Assets/employee ($ millions) 2.823.34
Loss allowance/loans 1.26%1.21%
Noncur. assets, OREO/assets 0.72%0.62%
Noncurrent loans/loans 1.09%0.85%
Net loans, leases/deposits 124.37%124.22%
Equity capital to assets 15.85%15.64%
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