Prime Bank
Melbourne, FL — Domestic Branch of a Domestic Bank
Acquired May 2010
Vitals
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Total Assets77.8M 19.3 %
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Total Deposits67.0M 22.3 %
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Total Net Loans51.4M 5.2 %
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Net Income88000.0000
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Book Value9.9M 1.1 %
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Book Value x219.9M 1.1 %
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Book Value x329.8M 1.1 %
Balance Sheet Highlights
| Financial Highlights | Prime Bank | All Insured Commercial Banks in Florida |
| Balance Sheet $(000) | ||
| Total Assets | 77,779 | 307,881 |
| Total Net Loans | 51,358 | 197,177 |
| Total Deposits | 67,022 | 256,124 |
| Total Equity | 9,945 | 26,547 |
| Profitability | ||
| Net Income | 88 | -610 |
| Return on Average Assets | .473 | -.875 |
| Return on Average Equity | 3.563 | -11.683 |
| Net Interest Margin | 3.548 | 3.311 |
| Efficiency Ratio | 80.389 | 96.665 |
| Noninterest Income/Revenue | 9.329 | 9.035 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 76.629 | 78.358 |
| Securities/Assets | .092 | .292 |
| Total Equity/Total Assets | .128 | .086 |
| Tangible Equity/Tangible Assets | .096 | -.316 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 6,750 | 24,573 |
| Tier 2 Capital | 769 | 3,110 |
| Total Capital | 7,519 | 27,572 |
| Total Risk Weighted Assets | 60,934 | 212,412 |
| Leverage Ratio | 9.47 | 9.014 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 11.08 | 12.897 |
| Total Capital Ratio | 12.34 | 14.224 |
Timeline for Prime Bank
Florida Bank Of Commerce
Prime Bank was acquired by Florida Bank Of Commerce 14 years
View Profile May 01 2010
Fbc Bancorp, Inc.
Fbc Bancorp, Inc. became a new parent organization for Prime Bank.
View Profile Jan 02 2008
Prime Bank
Prime Bank was established 19 years ago and is currently headquartered in Melbourne, FL.
Dec 13 2004| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Florida Bank Of Commerce | Buyer | 318,970 | Pooling of Interests | Discontinued | 5/1/2010 |
| Relationships | Role | Relationship Start | Relationship End |
| Fbc Bancorp, Inc. | Parent | 1/2/2008 | 4/30/2010 |
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