Florida Shores Bank - Southwest
Venice, FL — Domestic Branch of a Domestic Bank
Acquired Jan 2014
Vitals
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Total Assets397.9M 10.5 %
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Total Deposits364.4M 12.7 %
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Total Net Loans228.8M 22.3 %
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Net Income1.5M -5.8 %
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Book Value32.8M -7.9 %
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Book Value x265.7M -7.9 %
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Book Value x398.5M -7.9 %
Balance Sheet Highlights
| Financial Highlights | Florida Shores Bank - Southwest | All Insured Commercial Banks in Florida |
| Balance Sheet $(000) | ||
| Total Assets | 397,861 | 399,743 |
| Total Net Loans | 228,838 | 245,206 |
| Total Deposits | 364,393 | 333,227 |
| Total Equity | 32,847 | 40,180 |
| Profitability | ||
| Net Income | 1,469 | 2,206 |
| Return on Average Assets | .383 | .453 |
| Return on Average Equity | 4.337 | 4.229 |
| Net Interest Margin | 3.448 | 3.515 |
| Efficiency Ratio | 70.618 | 83.791 |
| Noninterest Income/Revenue | 6.694 | 14.749 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 62.8 | 73.732 |
| Securities/Assets | .17 | .19 |
| Total Equity/Total Assets | .083 | .101 |
| Tangible Equity/Tangible Assets | .066 | .098 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 35,404 | 37,467 |
| Tier 2 Capital | 3,142 | 3,086 |
| Total Capital | 38,546 | 40,597 |
| Total Risk Weighted Assets | 250,465 | 259,835 |
| Leverage Ratio | 8.95 | 9.818 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 14.14 | 14.977 |
| Total Capital Ratio | 15.39 | 16.172 |
Timeline for Florida Shores Bank - Southwest
Stonegate Bank
Florida Shores Bank - Southwest was acquired by Stonegate Bank 10 years
View Profile Jan 16 2014
Florida Shores Bank - Southwest
Florida Shores Bank - Southwest was established 16 years ago and is currently headquartered in Venice, FL.
Nov 26 2007
Florida Shores Bancorp, Inc.
Florida Shores Bancorp, Inc. became a new parent organization for Florida Shores Bank - Southwest.
View Profile Nov 26 2007| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Stonegate Bank | Buyer | 2,937,147 | Acquisition | Discontinued | 1/16/2014 |
| Relationships | Role | Relationship Start | Relationship End |
| Florida Shores Bancorp, Inc. | Parent | 12/31/2010 | 1/15/2014 |
| Florida Shores Bancorp, Inc. | Parent | 11/26/2007 | 12/30/2010 |
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