Old Florida Bank
Fort Myers, FL — Domestic Branch of a Domestic Bank
Acquired Apr 2007
Vitals
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Total Assets275.8M -17.8 %
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Total Deposits242.7M -17.7 %
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Total Net Loans223.5M -12.8 %
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Net Income561000.0000 -22.1 %
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Book Value26.7M 10.7 %
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Book Value x253.5M 10.7 %
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Book Value x380.2M 10.7 %
Balance Sheet Highlights
Financial Highlights | Old Florida Bank | All Insured Commercial Banks in Florida |
Balance Sheet $(000) | ||
Total Assets | 275,766 | 278,710 |
Total Net Loans | 223,499 | 197,129 |
Total Deposits | 242,747 | 224,342 |
Total Equity | 26,745 | 29,657 |
Profitability | ||
Net Income | 561 | 1,461 |
Return on Average Assets | .8 | 1.042 |
Return on Average Equity | 8.484 | 10.883 |
Net Interest Margin | 3.732 | 4.087 |
Efficiency Ratio | 67.362 | 76.61 |
Noninterest Income/Revenue | 4.277 | 8.806 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 92.071 | 86.493 |
Securities/Assets | .084 | .345 |
Total Equity/Total Assets | .097 | .106 |
Tangible Equity/Tangible Assets | .09 | -.079 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 24,892 | 27,412 |
Tier 2 Capital | 7,637 | 2,620 |
Total Capital | 32,529 | 30,051 |
Total Risk Weighted Assets | 231,174 | 215,604 |
Leverage Ratio | 8.93 | 12.068 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 10.77 | 16.451 |
Total Capital Ratio | 14.07 | 17.564 |
Timeline for Old Florida Bank
Bank Of Florida - Southwest
Old Florida Bank was acquired by Bank Of Florida - Southwest 17 years
View Profile Apr 25 2007Marine National Bank Of Naples
Acquisition: Old Florida Bank acquired a new subsidiary, Marine National Bank Of Naples, 20 years
View Profile Aug 16 2003Old Florida Bankshares, Inc.
Old Florida Bankshares, Inc. became a new parent organization for Old Florida Bank.
View Profile Jul 01 2001Old Florida Bank
Old Florida Bank was established 25 years ago and is currently headquartered in Fort Myers, FL.
Sep 10 1998Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Bank Of Florida - Southwest | Buyer | 640,894 | Acquisition | Discontinued | 4/25/2007 |
Marine National Bank Of Naples | Seller | 55,830 | Acquisition | Discontinued | 8/16/2003 |
Relationships | Role | Relationship Start | Relationship End |
Old Florida Bankshares, Inc. | Parent | 7/1/2001 | 4/24/2007 |
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