Risk Management Manual of Examination Policies - FDIC

FINANCIAL HISTORY AND CONDITION (Continued)
The following table depicts the recent experience of certain Denovo institutions within select Anystate markets.
Institution
Total Assets – Latest Qtr.
Available 9/01- $000
Grand Bank
Anytown, Anystate
$95,313
Landmark Bank, NA
Anytown, Anystate
$145,450
Marine Bank & Trust
Anytown, Anystate
$65,011
Independent Community Bank
Anytown, Anystate
$33,815
First Peoples Bank
Anytown, Anystate
$35,352
Gulfstream Business Bank
Anytown, Anystate
$99,701
Flagler Bank
Anytown, Anystate
$33,501
Transcapital Bank
Anytown, Anystate
$93,097
Insured Date Volume of Total Volume of Total
Charter Type Deposits After Deposits After
Business Model Year 1 - $000 Year 2 - $000
v. Projections v. Projections
Feb. 1999
State
$51,422 * $65,663
Traditional Retail $18,500 $32,752
Aug. 1998
National
$20,701 * $39,930
Traditional Retail $13,800 $26,900
Jul. 1997
State
$24,149 * $36,799
Traditional Retail $15,000 $28,000
Oct. 1998
State
Traditional
Retail
Apr 1999
State
Traditional
Retail
May 1999
State
Traditional
Retail
Apr. 2000
State
Traditional
Retail
Jul 1999
State
Traditional
Retail
$13,625 * $27,153
$25,000 $35,000
$18,110 * $24,115
$20,000 $27,500
$33,542 * $43,747
$20,152 30,736
$10,795 * $28,503
$10,330 $18,210
$41,228 * $77,199
$27,280 $48,430
Projections obtained from respective Reports of Investigation, Summary of Investigation Report, and/or supporting Regional office
data when available. * Represents less than twelve months from insured date unless a later opening date is specified.
Deposit Projections & Assumptions
As depicted on page 12 of this Report, the Applicant projects total deposit volumes of $95.1 million, $164.5 million, and $202.8
million, within the first three years, respectively. Additional key assumptions include the following:
• Customer funding will come from the following sources: Branch network 81.5%, 13% Internet, Other (executive officer call
program, customer call center, promotional/event kiosks, referrals) 5.5%.
• The distribution channels above project to achieve customer volumes of 9,124, 15,004, and 17,932 during the first three years,
respectively. Within this assumption, Applicant further assumes that each customer will have two accounts. This translates to
yearly total account volumes of 18,248; 30,004; and 35,864, respectively.
FDIC 6510/10 (02-2002) 5