Put On Watch List By Rating Company - Worst Asset Quality
LABELLE, FL. -- Thirteen Florida banks including the Florida Community Bank have been placed on a "watch list" of troubled banks by TheStreet.com Ratings Inc. according to an article published this week.
Philip van Doorn, a senior analyist at the company, looked at Florida bank and Savings and Loan data from December 31, 2007 and picked out those with a nonperforming assets ratio greater then five percent, and then added data for March 31 where available.
Florida Community Bank is based in Immokalee and has branches throughout Soutwest Florida including LaBelle. Doorn says large national bank groups are able to raise additional capital in public markets, but local and regional banks are struggling to raise additional money anyway they can from local investors or private equity.
Florida Community is the second-largest institution on the watch list and among those with the worst asset quality. Nonperforming assets, mainly construction and commercial real estate loans, made up 15.1% of total assets as of March 31, and reserves covered just 13.87% of nonperformers, said Doorn.
Doorn pointed out the bank's net charge-offs of $338,000 during the first quarter were far less than its $906,000 provision for loan losses. For all of 2007, Florida Community reported net charge-offs of just $2.1 million or 0.27% of average loans, says Doorn.
Wednesday, May 07, 2008
Tuesday, May 06, 2008
Driver Flees
Marijuana Found In Vehicle
Saturday night, May 3, Corporal Donald Davis, of the Hendry County Sheriff's Office, stopped a vehicle at Tenth Avenue and Harlem Academy in Clewiston. The driver refused to allow his vehicle to be searched and Corporal Davis called for a K-9 Deputy to respond.
When the driver heard the request for the K-9 Deputy, he fled the scene on foot. Corporal Davis caught him approximately two blocks away and returned to the vehicle. Corporal Davis then discovered a bag of marijuana (235 grams) in the rear seat of the vehicle.
According to Sheriff Ronnie Lee, the driver, Jonathan Ivory Harper age 30 of Orlando, Florida, was arrested and charged with Resisting an Officer, Possession of Marijuana over 20 grams, and Giving a False Identification to a Law Enforcement Officer. Harper posted a $6,000 bond at the Hendry County Jail and was released.
Saturday night, May 3, Corporal Donald Davis, of the Hendry County Sheriff's Office, stopped a vehicle at Tenth Avenue and Harlem Academy in Clewiston. The driver refused to allow his vehicle to be searched and Corporal Davis called for a K-9 Deputy to respond.
When the driver heard the request for the K-9 Deputy, he fled the scene on foot. Corporal Davis caught him approximately two blocks away and returned to the vehicle. Corporal Davis then discovered a bag of marijuana (235 grams) in the rear seat of the vehicle.
According to Sheriff Ronnie Lee, the driver, Jonathan Ivory Harper age 30 of Orlando, Florida, was arrested and charged with Resisting an Officer, Possession of Marijuana over 20 grams, and Giving a False Identification to a Law Enforcement Officer. Harper posted a $6,000 bond at the Hendry County Jail and was released.
Monday, May 05, 2008
Boy Scouts Help At Park
Park Clean Up Day
LABELLE, FL.-- Boy Scout Troop #9 and their leaders came to the LaBelle Nature Park last Saturday May 3 armed with wheelbarrows, rakes, and shovels to mulch the trails leading to the Park's largest oak tree.
The Scouts were joined by volunteers representing Rotary, Kiwanis, Greater LaBelle Garden Club, and Riverwatch. Individuals and organizations are invited to join area volunteers at the next month's volunteer event on Saturday June 7 from 8:00-10:00 a.m. Bring clippers and other tools for cutting exotic vines growing up trees in the LaBelle Nature. Park.
The ten acre LaBelle Nature Park located at Fraser and Hardee Street (one block north of the Log Cabin Restaurant) is leased to the City of LaBelle. The Park is open to the public during the day.
LABELLE, FL.-- Boy Scout Troop #9 and their leaders came to the LaBelle Nature Park last Saturday May 3 armed with wheelbarrows, rakes, and shovels to mulch the trails leading to the Park's largest oak tree.
The Scouts were joined by volunteers representing Rotary, Kiwanis, Greater LaBelle Garden Club, and Riverwatch. Individuals and organizations are invited to join area volunteers at the next month's volunteer event on Saturday June 7 from 8:00-10:00 a.m. Bring clippers and other tools for cutting exotic vines growing up trees in the LaBelle Nature. Park.
The ten acre LaBelle Nature Park located at Fraser and Hardee Street (one block north of the Log Cabin Restaurant) is leased to the City of LaBelle. The Park is open to the public during the day.
Friday, May 02, 2008
Baby Sitter Arrested
2-Year Old Allegedly Battered By Sitter
LABELLE, FL. -- On April 23, Sergeant Perry Short of the Hendry County Sheriff's Office was dispatched to the Hendry Regional Convenient Care Center, located on south Main Street in LaBelle, to investigate a possible child abuse.
Elba Santamaria, after picking up her 2-year-old daughter from her baby sitter, had taken her to the Care Center for treatment of a suspected insect bite. The daughter had swollen eyes with hemorrhages on her eye lids, multiple hematomas on her head, dried blood around her nostrils, superficial abrasions on the right side of her neck and swelling to her lower lip.
A nurse notified E.M.S. and the little girl was transported to the Gulf Coast Hospital in Fort Myers for further examination. After she was examined at the Hospital, Investigator Brett Daley was informed that, due to the nature of the injuries, it appeared the injuries were intentionally inflicted.
Investigators Daley and Keith Bennett interviewed the baby sitter, Rosa Betancourt, age 59, and she gave several different stories as to how the child received the injuries while in her care. However, she finally did admit to striking and shaking the child. Sheriff Ronnie Lee said Betancourt was arrested and charged with Battery, Child Abuse, and Child Neglect. She was released from custody after posting a $31,000.00 bond.
LABELLE, FL. -- On April 23, Sergeant Perry Short of the Hendry County Sheriff's Office was dispatched to the Hendry Regional Convenient Care Center, located on south Main Street in LaBelle, to investigate a possible child abuse.
Elba Santamaria, after picking up her 2-year-old daughter from her baby sitter, had taken her to the Care Center for treatment of a suspected insect bite. The daughter had swollen eyes with hemorrhages on her eye lids, multiple hematomas on her head, dried blood around her nostrils, superficial abrasions on the right side of her neck and swelling to her lower lip.
A nurse notified E.M.S. and the little girl was transported to the Gulf Coast Hospital in Fort Myers for further examination. After she was examined at the Hospital, Investigator Brett Daley was informed that, due to the nature of the injuries, it appeared the injuries were intentionally inflicted.
Investigators Daley and Keith Bennett interviewed the baby sitter, Rosa Betancourt, age 59, and she gave several different stories as to how the child received the injuries while in her care. However, she finally did admit to striking and shaking the child. Sheriff Ronnie Lee said Betancourt was arrested and charged with Battery, Child Abuse, and Child Neglect. She was released from custody after posting a $31,000.00 bond.
Busy Real Estate Sales Week
More Than Normal Homes Sales
LABELLE, FL. -- From April 22 to April 29, there were 6 homes sold in the LaBelle area for an average price of $124,833. This is more than the usual sales reported for a one week period. The home on West Sunflower appears to be a special sale less than the market value for this neighborhood.
1) $136,000 on 6th Ave in LaBelle
2) $89,000 on Chickasaw Ave in LaBelle
3) $135,000 on Kew Ct in LaBelle
4) $150,000 on Nobles Rd in the county
5) $189,000 on SE Raintree Blvd in Port LaBelle
6) $50,000 on W Sunflower Cir in Port LaBelle
LABELLE, FL. -- From April 22 to April 29, there were 6 homes sold in the LaBelle area for an average price of $124,833. This is more than the usual sales reported for a one week period. The home on West Sunflower appears to be a special sale less than the market value for this neighborhood.
1) $136,000 on 6th Ave in LaBelle
2) $89,000 on Chickasaw Ave in LaBelle
3) $135,000 on Kew Ct in LaBelle
4) $150,000 on Nobles Rd in the county
5) $189,000 on SE Raintree Blvd in Port LaBelle
6) $50,000 on W Sunflower Cir in Port LaBelle
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