Vitals
  • Total Assets
    535.7M -9.2 %
  • Total Deposits
    443.5M -0.1 %
  • Total Net Loans
    404.6M -13.2 %
  • Net Income
  • Book Value
    8.7M -82.3 %
  • Book Value x2
    17.4M -82.3 %
  • Book Value x3
    26.1M -82.3 %
ROAA

ROAE

Efficiency Ratio

178.208

Net Interest Margin

2.008

Balance Sheet Highlights
Financial Highlights Sun American Bank All Insured Commercial Banks in Florida
Balance Sheet $(000)
Total Assets 535,724 302,401
Total Net Loans 404,633 202,352
Total Deposits 443,481 250,013
Total Equity 8,713 26,393
Profitability
Net Income — 2,508
Return on Average Assets — .368
Return on Average Equity — 3.412
Net Interest Margin 2.008 3.114
Efficiency Ratio 178.208 110.017
Noninterest Income/Revenue .219 20.386
Balance Sheet Ratios
Loan-to-Deposit 91.24 81.418
Securities/Assets .129 .312
Total Equity/Total Assets .016 .087
Tangible Equity/Tangible Assets .016 -.308
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 9,775 24,302
Tier 2 Capital 5,422 3,013
Total Capital 15,197 27,382
Total Risk Weighted Assets 419,676 218,360
Leverage Ratio 1.74 8.921
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 2.33 12.542
Total Capital Ratio 3.62 13.884

Timeline for Sun American Bank

Sun American Bank was acquired by 14 years

Mar 06 2010

First-Citizens Bank & Trust Company

Sun American Bank was acquired by First-Citizens Bank & Trust Company 14 years

View Profile Mar 06 2010

Independent Community Bank

Acquisition: Sun American Bank acquired a new subsidiary, Independent Community Bank, 17 years

View Profile Mar 31 2007

Beach Bank

Acquisition: Sun American Bank acquired a new subsidiary, Beach Bank, 17 years

View Profile Dec 30 2006

Panamerican Bank

Acquisition: Sun American Bank acquired a new subsidiary, Panamerican Bank, 22 years

View Profile Dec 31 2001

Want to see more?

Complete timeline for Sun American Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
First-Citizens Bank & Trust Company Buyer 32,795,513 Failure 3/6/2010
Independent Community Bank Seller 136,495 Acquisition Discontinued 3/31/2007
Beach Bank Seller 127,145 Acquisition Discontinued 12/30/2006
Panamerican Bank Seller 33,058 Sale of Assets 12/31/2001
Relationships Role Relationship Start Relationship End
Sun American Bancorp Parent 9/29/2000 3/5/2010
Sun American Bancorp Parent 3/31/2000 9/28/2000
Sun American Bancorp Parent 4/30/1998 3/30/2000
Sun American Bancorp Parent 11/10/1997 4/29/1998
Southern Security Bank Corporation Parent 7/31/1995 11/9/1997
Southern Security Bank Corporation Parent 4/30/1994 7/30/1995
Southern Security Bank Corporation Parent 2/28/1994 4/29/1994
Southern Security Bank Corporation Parent 12/15/1993 2/27/1994
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