Independent Community Bank
Tequesta, FL — Domestic Branch of a Domestic Bank
Acquired Mar 2007
Vitals
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Total Assets136.5M -6.8 %
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Total Deposits108.7M -12.4 %
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Total Net Loans109.4M 1.7 %
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Net Income2.0M 45.1 %
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Book Value14.5M 19.2 %
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Book Value x229.0M 19.2 %
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Book Value x343.5M 19.2 %
Balance Sheet Highlights
Financial Highlights | Independent Community Bank | All Insured Commercial Banks in Florida |
Balance Sheet $(000) | ||
Total Assets | 136,495 | 268,861 |
Total Net Loans | 109,378 | 194,755 |
Total Deposits | 108,712 | 216,611 |
Total Equity | 14,506 | 28,175 |
Profitability | ||
Net Income | 2,034 | 6,357 |
Return on Average Assets | 1.581 | 1.252 |
Return on Average Equity | 15.292 | 13.52 |
Net Interest Margin | 4.767 | 4.437 |
Efficiency Ratio | 47.408 | 74.435 |
Noninterest Income/Revenue | 1.276 | 8.952 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 100.613 | 87.961 |
Securities/Assets | .087 | .357 |
Total Equity/Total Assets | .106 | .105 |
Tangible Equity/Tangible Assets | .106 | -.088 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 14,629 | 26,613 |
Tier 2 Capital | 1,487 | 2,612 |
Total Capital | 16,116 | 29,182 |
Total Risk Weighted Assets | 118,971 | 208,025 |
Leverage Ratio | 11.38 | 12.133 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 12.3 | 16.146 |
Total Capital Ratio | 13.55 | 17.27 |
Timeline for Independent Community Bank
Sun American Bank
Independent Community Bank was acquired by Sun American Bank 17 years
View Profile Mar 31 2007Independent Community Bank
Independent Community Bank was established 25 years ago and is currently headquartered in Tequesta, FL.
Oct 15 1998Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Sun American Bank | Buyer | 535,724 | Acquisition | Discontinued | 3/31/2007 |
Relationships | Role | Relationship Start | Relationship End |
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