Southern Community Bank Of South Florida
Boca Raton, FL — Domestic Branch of a Domestic Bank
Acquired Sep 2004
Vitals
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Total Assets187.0M 70.0 %
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Total Deposits141.1M 43.4 %
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Total Net Loans162.1M 89.9 %
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Net Income111000.0000
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Book Value16.6M 46.3 %
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Book Value x233.3M 46.3 %
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Book Value x349.9M 46.3 %
Balance Sheet Highlights
Financial Highlights | Southern Community Bank Of South Florida | All Insured Commercial Banks in Florida |
Balance Sheet $(000) | ||
Total Assets | 186,989 | 216,780 |
Total Net Loans | 162,125 | 145,836 |
Total Deposits | 141,070 | 179,446 |
Total Equity | 16,634 | 19,475 |
Profitability | ||
Net Income | 111 | 2,151 |
Return on Average Assets | .134 | 1.092 |
Return on Average Equity | 1.545 | 12.305 |
Net Interest Margin | 3.571 | 4.015 |
Efficiency Ratio | 76.848 | 71.231 |
Noninterest Income/Revenue | 2.122 | 14.455 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 114.925 | 79.498 |
Securities/Assets | .063 | .399 |
Total Equity/Total Assets | .089 | .09 |
Tangible Equity/Tangible Assets | .089 | -.051 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 16,787 | 18,557 |
Tier 2 Capital | 1,981 | 1,765 |
Total Capital | 18,768 | 20,370 |
Total Risk Weighted Assets | 178,470 | 154,089 |
Leverage Ratio | 9.27 | 9.454 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 9.41 | 13.347 |
Total Capital Ratio | 10.52 | 14.46 |
Timeline for Southern Community Bank Of South Florida
First National Bank Of Florida
Southern Community Bank Of South Florida was acquired by First National Bank Of Florida 20 years
View Profile Sep 04 2004Southern Community Bank Of South Florida
Southern Community Bank Of South Florida was established 22 years ago and is currently headquartered in Boca Raton, FL.
Aug 05 2002Southern Community Bancorp
Southern Community Bancorp became a new parent organization for Southern Community Bank Of South Florida.
View Profile Aug 05 2002Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
First National Bank Of Florida | Buyer | 5,642,797 | Acquisition | Discontinued | 9/4/2004 |
Relationships | Role | Relationship Start | Relationship End |
Southern Community Bancorp | Parent | 8/5/2002 | 9/3/2004 |
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