Exhibit 25.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
| ☐ | CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) |
THE BANK OF NEW YORK MELLON
(Exact name of trustee as specified in its charter)
| New York | 13-5160382 | |
(Jurisdiction of incorporation if not a U.S. national bank) | (I.R.S. employer identification no.) | |
| 240 Greenwich Street, New York, N.Y. | 10286 | |
| (Address of principal executive offices) | (Zip code) | |
LENNAR CORPORATION
(Exact name of obligor as specified in its charter)
| Delaware | 95-4337490 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification no.) |
| Name of Co-Registrant | Jurisdiction of Incorporation or Organization | I.R.S. Employer Identification No. | ||
| 308 Furman, Ltd. | Texas | 01-0757175 | ||
| 360 Developers, LLC | Florida | 03-0469008 | ||
| Ann Arundel Farms, Ltd. | Texas | 76-0594649 | ||
| Aquaterra Utilities, Inc. | Florida | 59-3674555 | ||
| Asbury Woods L.L.C. | Illinois | 36-4491586 | ||
| Astoria Options, LLC | Delaware | 26-3838861 | ||
| Autumn Creek Development, Ltd. | Texas | 76-0566381 | ||
| Aylon, LLC | Delaware | 74-3135055 | ||
| Bainebridge 249, LLC | Florida | 45-5434000 | ||
| Bay Colony Expansion 369, Ltd. | Texas | 01-0634897 | ||
| BB Investment Holdings, LLC | Nevada | None | ||
| BCI Properties, LLC | Nevada | None | ||
| Bellagio Lennar, LLC | Florida | 46-0560657 | ||
| Belle Meade LEN Holdings, LLC | Florida | 27-1137331 | ||
| Belle Meade Partners, LLC | Florida | 20-3287566 | ||
| Black Mountain Ranch, LLC | California | 05-0574025 | ||
| BPH I, LLC | Nevada | 36-4805238 | ||
| Bramalea California, Inc. | California | 95-3426206 | ||
| CalAtlantic Group, LLC | Delaware | 82-3291238 | ||
| CalAtlantic Homes of Arizona, LLC | Delaware | 86-0927144 | ||
| CalAtlantic Homes of Georgia, LLC | Delaware | 82-3201584 | ||
| CalAtlantic Homes of Texas, LLC | Delaware | 20-4356880 | ||
| CalAtlantic Homes of Washington, LLC | Delaware | 82-1659080 | ||
| Cambria L.L.C. | Illinois | 36-4343919 | ||
| Cary Woods, LLC | Illinois | 36-4511011 | ||
| Casa Marina Development, LLC | Florida | 55-0817596 | ||
| Cherrytree II LLC | Maryland | 75-2988548 | ||
| CL Ventures, LLC | Florida | 11-3728443 | ||
| Coco Palm 82, LLC | Florida | 35-2473155 | ||
| Colonial Heritage LLC | Virginia | 20-0646289 | ||
| Concord Station, LLP | Florida | 20-0986458 | ||
| Coventry L.L.C. | Illinois | 36-4511106 | ||
| CP Red Oak Partners, Ltd. | Texas | 20-1064026 | ||
| CP Vertical Development Co. 1, LLC | Delaware | 81-2226198 | ||
| CPFE, LLC | Maryland | 45-5433728 | ||
| Creekside Crossing, L.L.C. | Illinois | 43-2052256 | ||
| Darcy-Joliet L.L.C. | Illinois | 20-1290431 | ||
| DBJ Holdings, LLC | Nevada | None | ||
| DTC Holdings of Florida, LLC | Florida | 45-2118119 | ||
| EV, LLC | Maryland | None | ||
| Evergreen Village LLC | Delaware | 59-3801488 | ||
| F&R QVI Home Investments USA, LLC | Delaware | 20-8024189 | ||
| Faria Preserve, LLC | Delaware | 30-0884474 | ||
| Fidelity Guaranty and Acceptance Corp. | Delaware | 76-0168225 | ||
| Fidelity Land, LLC | Florida | 27-2136138 | ||
| FLORDADE LLC | Florida | 38-3832923 |
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| Fox-Maple Associates, LLC | New Jersey | 43-1997377 | ||
| Friendswood Development Company, LLC | Texas | 74-2859478 | ||
| Garco Investments, LLC | Florida | 65-1151300 | ||
| Greystone Construction, Inc. | Arizona | 86-0864245 | ||
| Greystone Homes of Nevada, Inc. | Delaware | 88-0412604 | ||
| Greystone Nevada, LLC | Delaware | 88-0412611 | ||
| Greywall Club L.L.C. | Illinois | 20-1083688 | ||
| Hammocks Lennar LLC | Florida | 47-2295202 | ||
| Harveston, LLC | Delaware | 02-0613649 | ||
| Haverton L.L.C. | Illinois | 30-0057181 | ||
| HCC Investors, LLC | Delaware | 33-0770138 | ||
| Heathcote Commons LLC | Virginia | 20-1178932 | ||
| Heritage of Auburn Hills, L.L.C. | Michigan | 38-3395118 | ||
| Hewitts Landing Trustee, LLC | Massachusetts | 27-2909649 | ||
| HTC Golf Club, LLC | Colorado | 26-0312522 | ||
| Inactive Companies, LLC | Florida | 26-2094631 | ||
| Independence L.L.C. | Virginia | 76-0651137 | ||
| Isles at Bayshore Club, LLC | Florida | 27-2304291 | ||
| Kendall Hammocks Commercial, LLC | Florida | 30-0771295 | ||
| Lagoon Valley Residential, LLC | California | 20-2636836 | ||
| Lakelands at Easton, L.L.C. | Maryland | 03-0501970 | ||
| LCD Asante, LLC | Delaware | 26-1131090 | ||
| Legends Club, LLC | Florida | 48-1259544 | ||
| Legends Golf Club, LLC | Florida | 59-3691814 | ||
| LEN Paradise Cable, LLC | Florida | 27-2559480 | ||
| LEN Paradise Operating, LLC | Florida | 27-2559369 | ||
| Len Paradise, LLC | Florida | 27-0950511 | ||
| Len X, LLC | Florida | 26-3103505 | ||
| LEN—Belle Meade, LLC | Florida | 27-1077754 | ||
| LEN-CG South, LLC | Florida | 45-4599963 | ||
| Lencraft, LLC | Maryland | 20-1749015 | ||
| LenFive Opco GP, LLC | Delaware | 82-2601900 | ||
| LenFive Sub III, LLC | Delaware | 37-1824677 | ||
| LenFive Sub Opco GP, LLC | Delaware | 82-2600774 | ||
| LenFive Sub, LLC | Delaware | 37-1796755 | ||
| LenFive, LLC | Delaware | 47-5614749 | ||
| LENH I, LLC | Florida | 56-2349820 | ||
| Len-Hawks Point, LLC | Florida | 45-4049841 | ||
| Lennar Aircraft I, LLC | Delaware | 20-2424732 | ||
| Lennar Arizona Construction, Inc. | Arizona | 20-5335712 | ||
| Lennar Arizona, LLC | Arizona | 20-5335505 | ||
| Lennar Associates Management Holding Company | Florida | 31-1806357 | ||
| Lennar Associates Management, LLC | Delaware | 52-2257293 | ||
| Lennar Avenue One, LLC | Delaware | 46-1440494 |
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| Lennar Bridges, LLC | California | 33-0843355 | ||
| Lennar Buffington Colorado Crossing, L.P. | Texas | 20-2002341 | ||
| Lennar Buffington Zachary Scott, L.P. | Texas | 20-1577414 | ||
| Lennar Carolinas, LLC | Delaware | 20-3150607 | ||
| Lennar Central Region Sweep, Inc. | Nevada | 65-1111068 | ||
| Lennar Chicago, LLC | Illinois | 36-3971759 | ||
| Lennar Colorado Minerals LLC | Colorado | None | ||
| Lennar Colorado, LLC | Colorado | 20-0451796 | ||
| Lennar Communities Development, LLC | Delaware | 86-0262130 | ||
| Lennar Communities Nevada, LLC | Nevada | 20-3035653 | ||
| Lennar Communities of Chicago L.L.C. | Illinois | 20-2036535 | ||
| Lennar Communities, Inc. | California | 33-0855007 | ||
| Lennar Construction, Inc. | Arizona | 86-0972186 | ||
| Lennar Courts, LLC | Florida | 46-3122365 | ||
| Lennar Developers, Inc. | Florida | 48-1259540 | ||
| Lennar Flamingo, LLC | Florida | 46-3111056 | ||
| Lennar Fresno, LLC | California | 33-1008718 | ||
| Lennar Gardens, LLC | Florida | 27-4501329 | ||
| Lennar Georgia, LLC | Georgia | 20-8892316 | ||
| Lennar Greer Ranch Venture, LLC | California | 33-0888370 | ||
| Lennar Heritage Fields, LLC | California | 27-3194383 | ||
| Lennar Hingham Holdings, LLC | Delaware | 20-2866090 | ||
| Lennar Hingham JV, LLC | Delaware | 20-2866001 | ||
| Lennar Homes Holding, LLC | Delaware | 16-1641233 | ||
| Lennar Homes NJ, LLC | Delaware | 45-2921631 | ||
| Lennar Homes of Alabama, LLC | Delaware | 87-3510927 | ||
| Lennar Homes of Arizona, Inc. | Arizona | 65-0163412 | ||
| Lennar Homes of California, LLC | California | 93-1223261 | ||
| Lennar Homes of Idaho, LLC | Delaware | 85-3763488 | ||
| Lennar Homes of Indiana, LLC | Delaware | 59-2367217 | ||
| Lennar Homes of Tennessee, LLC | Delaware | 32-0407237 | ||
Lennar Homes of Texas Land and Construction, Ltd. | Texas | 75-2792018 | ||
Lennar Homes of Texas Sales and Marketing, Ltd. | Texas | 75-2792019 | ||
| Lennar Homes of Utah, LLC | Delaware | 82-1439577 | ||
| Lennar Homes, LLC | Florida | 59-0711505 | ||
| Lennar Imperial Holdings Limited Partnership | Delaware | 20-2552367 | ||
| Lennar Layton, LLC | Delaware | 26-3797850 | ||
| Lennar Lytle, LLC | Delaware | 20-2374724 | ||
| Lennar Mare Island, LLC | California | 33-0789053 | ||
| Lennar Marina A Funding, LLC | Delaware | 27-0762082 | ||
| Lennar Massachusetts Properties, Inc. | Delaware | 20-2681100 | ||
| Lennar Middletown, LLC | New Jersey | 45-5441987 | ||
| Lennar New Jersey Properties, Inc. | Delaware | 20-2681142 |
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| Lennar New York, LLC | New York | 20-3160452 | ||
| Lennar Northeast Properties LLC | New Jersey | 20-4874094 | ||
| Lennar Northwest, LLC | Delaware | 45-2978961 | ||
| Lennar Pacific Properties Management, LLC | Delaware | 30-0139878 | ||
| Lennar Pacific Properties, LLC | Delaware | 88-0412607 | ||
| Lennar PI Acquisition, LLC | New Jersey | 26-1531638 | ||
| Lennar PI Property Acquisition, LLC | New Jersey | 26-1531376 | ||
| Lennar PIS Management Company, LLC | Delaware | 26-3218984 | ||
| Lennar Point, LLC | New Jersey | 46-0534484 | ||
| Lennar Port Imperial South, LLC | Delaware | 20-2552353 | ||
| Lennar Realty, Inc. | Florida | 76-0683361 | ||
| Lennar Reno, LLC | Nevada | 22-3895412 | ||
| Lennar Sacramento, Inc. | California | 33-0794993 | ||
| Lennar Sales Corp. | California | 95-4716082 | ||
| Lennar Spencer’s Crossing, LLC | Delaware | 20-2906597 | ||
| Lennar Title, Inc. | Maryland | 52-1640103 | ||
| Lennar Trading Company, LLC | Texas | 72-1574089 | ||
| Lennar West Valley, LLC | California | 20-1342854 | ||
| Lennar.com Inc. | Florida | 65-0980149 | ||
| LEN—Palm Vista, LLC | Florida | 27-1077269 | ||
| Len-Verandahs, LLP | Florida | 20-3021304 | ||
| LH Eastwind, LLC | Florida | 20-0097714 | ||
| LHI Renaissance, LLC | Florida | 02-0680656 | ||
| LMI Contractors, LLC | Delaware | 80-0838150 | ||
| LMI-JC Developer, LLC | Delaware | 38-3875832 | ||
| LMI-JC, LLC | Delaware | 90-0843143 | ||
| LMI-West Seattle, LLC | Delaware | 37-1699874 | ||
| LNC at Meadowbrook, LLC | Illinois | 36-0026164 | ||
| LNC at Ravenna, LLC | Illinois | 41-2088272 | ||
| LNC Communities II, LLC | Colorado | 84-1317558 | ||
| LNC Communities IV, LLC | Colorado | 84-1512061 | ||
| LNC Communities V, LLC | Colorado | 84-1513989 | ||
| LNC Communities VI, LLC | Colorado | 84-1556776 | ||
| LNC Communities VII, LLC | Colorado | 84-1534329 | ||
| LNC Communities VIII, LLC | Colorado | 84-1553326 | ||
| LNC Pennsylvania Realty, Inc. | Pennsylvania | 23-2991585 | ||
| Lori Gardens Associates II, LLC | New Jersey | 20-1944492 | ||
| Lori Gardens Associates III, LLC | New Jersey | 20-1944674 | ||
| Lori Gardens Associates, L.L.C. | New Jersey | 76-0664697 | ||
| Lorton Station, LLC | Virginia | 76-0694499 | ||
| LW D’Andrea, LLC | Delaware | 20-4489534 | ||
| Madrona Ridge L.L.C. | Illinois | 20-0278584 | ||
| Madrona Village L.L.C. | Illinois | 36-4343916 | ||
| Madrona Village Mews L.L.C. | Illinois | 36-0026266 | ||
| Majestic Woods, LLC | New Jersey | 74-3001871 |
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| Mid-County Utilities, Inc. | Maryland | 76-0610395 | ||
| Mission Viejo 12S Venture, LP | California | 33-0615197 | ||
| Mission Viejo Holdings, Inc. | California | 33-0785862 | ||
| NC Properties I, LLC | Delaware | 27-3443043 | ||
| NC Properties II, LLC | Delaware | 27-3443142 | ||
| Northbridge L.L.C. | Illinois | 36-4511102 | ||
| OHC/Ascot Belle Meade, LLC | Florida | 20-3276553 | ||
| One SR, L.P. | Texas | 75-3030507 | ||
| Palm Gardens At Doral Clubhouse, LLC | Florida | 26-0801736 | ||
| Palm Gardens at Doral, LLC | Florida | 20-3959088 | ||
| Palm Vista Preserve, LLC | Florida | 83-0426521 | ||
| PD-Len Boca Raton, LLC | Delaware | 20-8734358 | ||
| PG Properties Holding, LLC | North Carolina | 26-4059800 | ||
| Pioneer Meadows Development, LLC | Nevada | 20-0939113 | ||
| Pioneer Meadows Investments, LLC | Nevada | 20-0939094 | ||
| POMAC, LLC | Maryland | 11-3708149 | ||
| Prestonfield L.L.C. | Illinois | 36-4511103 | ||
| Providence Lakes, LLP | Florida | 20-1744772 | ||
| PT Metro, LLC | Delaware | 45-4508755 | ||
| Quarterra Construction, LLC | Delaware | 36-4747722 | ||
| Quarterra Multifamily Communities, LLC | Delaware | 45-2701002 | ||
| Raintree Village II L.L.C. | Illinois | 20-2118282 | ||
| Raintree Village L.L.C. | Illinois | 20-0090390 | ||
| Renaissance Joint Venture | Florida | 20-0035665 | ||
| Reserve @ Pleasant Grove II LLC | New Jersey | 90-0527127 | ||
| Reserve @ Pleasant Grove LLC | New Jersey | 90-0527123 | ||
| Reserve at River Park, LLC | New Jersey | 72-1537694 | ||
| Rivendell Joint Venture | Florida | 65-0843443 | ||
| RMV, LLC | Maryland | None | ||
| Rutenberg Homes of Texas, Inc. | Texas | 76-0215995 | ||
| Rutenberg Homes, Inc. | Florida | 76-0340291 | ||
| Rye Hill Company, LLC | New York | 20-0809495 | ||
| Ryland Homes Nevada, LLC | Delaware | 81-0600913 | ||
| Ryland Homes of California, LLC | Delaware | 95-2635472 | ||
| S. Florida Construction II, LLC | Florida | 72-1567303 | ||
| S. Florida Construction III, LLC | Florida | 72-1567302 | ||
| S. Florida Construction, LLC | Florida | 71-0949799 | ||
| San Lucia, LLC | Florida | 20-4372714 | ||
| Schulz Ranch Developers, LLC | Delaware | 20-4092311 | ||
| Seminole/70th, LLC | Florida | 56-2529886 | ||
| Siena at Old Orchard L.L.C. | Illinois | 20-1476765 | ||
| Sierra Vista Communities, LLC | California | 83-1652626 | ||
| South Development, LLC | Florida | 20-2581567 | ||
| Southbank Holding, LLC | Florida | 45-2420546 | ||
| Spanish Springs Development, LLC | Nevada | 76-0672277 |
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SPIC Del Sur, LLC | Delaware | 61-1694444 | ||
SPIC Dublin, LLC | Delaware | 61-1763029 | ||
St. Charles Active Adult Community, LLC | Maryland | 20-1659598 | ||
St. Charles Community, LLC | Delaware | 82-2955101 | ||
Standard Pacific Investment, LLC | Delaware | 26-2204627 | ||
Standard Pacific of Colorado, LLC | Delaware | 94-3361834 | ||
Standard Pacific of Florida GP, LLC | Delaware | 20-4356126 | ||
Standard Pacific of Florida, LLC | Florida | 26-4786185 | ||
Standard Pacific of Las Vegas, LLC | Delaware | 20-2834287 | ||
Standard Pacific of Orange County, LLC | Delaware | None | ||
Standard Pacific of Tampa, LLC | Florida | 81-0579276 | ||
Standard Pacific of the Carolinas, LLC | Delaware | 59-3483072 | ||
Stoney Holdings, LLC | Florida | 27-5428554 | ||
Stoneybrook Clubhouse, Inc. | Florida | 76-0555539 | ||
Stoneybrook Joint Venture | Florida | 59-3386329 | ||
Strategic Holdings, Inc. | Nevada | 91-1770357 | ||
Strategic Technologies, LLC | Florida | 65-0523605 | ||
Summerfield Venture L.L.C. | Illinois | 20-0753624 | ||
TCO QVI, LLC | Delaware | 45-3568663 | ||
Temecula Valley, LLC | Delaware | 43-1971997 | ||
Terra Division, LLC | Minnesota | None | ||
The Baywinds Land Trust | Florida | 11-6591848 | ||
The Bridges at Rancho Santa Fe Sales Company, Inc. | California | 33-0886703 | ||
The Bridges Club at Rancho Santa Fe, Inc. | California | 33-0867612 | ||
The LNC Northeast Group, Inc. | Delaware | 54-1774997 | ||
The Preserve at Coconut Creek, LLC | Florida | 20-3287825 | ||
TI Lot 8, LLC | Delaware | 85-1093290 | ||
Treasure Island Holdings, LLC | Delaware | 38-3984534 | ||
Treviso Holding, LLC | Florida | 45-1961704 | ||
U.S. Home of Arizona Construction, LLC | Arizona | 74-2402824 | ||
U.S. Home Realty, Inc. | Texas | 76-0136964 | ||
U.S. Home, LLC | Delaware | 52-2227619 | ||
U.S.H. Realty, Inc. | Maryland | 74-2765031 | ||
USH - Flag, LLC | Florida | 26-3984776 | ||
USH Equity Corporation | Nevada | 76-0450341 | ||
USH - Leasing II, LLC | Delaware | 82-0624883 | ||
USH LEE, LLC | Florida | 27-5368263 | ||
UST Lennar GP PIS 10, LLC | Delaware | 26-3219799 | ||
UST Lennar GP PIS 7, LLC | Delaware | 26-3219172 | ||
UST Quarterra HW Scala SF Joint Venture | Delaware | 26-3262077 | ||
Vineyard Point 2009, LLC | California | 26-4562548 | ||
WCI Communities, LLC | Delaware | 27-0601855 | ||
WCI, LLC | Delaware | 27-0472098 | ||
WCP, LLC | South Carolina | 51-0461143 |
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West Lake Village, LLC | New Jersey | 23-2861558 | ||
West Seattle Project X, LLC | Delaware | 35-2460935 | ||
West Van Buren L.L.C. | Illinois | 36-4347398 | ||
Westchase, Inc. | Nevada | 91-1954138 | ||
Willowbrook Investors, LLC | New Jersey | 76-0687252 | ||
Woodbridge Multifamily Developer I, LLC | Delaware | 45-2921413 | ||
Wright Farm, L.L.C. | Virginia | 76-0629136 |
5505 Blue Lagoon Drive Miami, Florida (Address of principal executive offices) | 33126 (Zip code) |
Debt Securities
and Guarantees of Debt Securities
(Title of the indenture securities)
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
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| 1. | General information. Furnish the following information as to the Trustee: |
| (a) | Name and address of each examining or supervising authority to which it is subject. |
Name | Address | |
| Superintendent of the Department of Financial Services of the State of New York | One State Street, New York, N.Y. 10004-1417, and Albany, N.Y. 12223 | |
| Federal Reserve Bank of New York | 33 Liberty Street, New York, N.Y. 10045 | |
| Federal Deposit Insurance Corporation | 550 17th Street, NW Washington, D.C. 20429 | |
| The Clearing House Association L.L.C. | 100 Broad Street New York, N.Y. 10004 | |
| (b) | Whether it is authorized to exercise corporate trust powers. |
Yes.
| 2. | Affiliations with Obligor. |
If the obligor is an affiliate of the trustee, describe each such affiliation.
None.
| 16. | List of Exhibits. |
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”).
| 1. | A copy of the Organization Certificate of The Bank of New York Mellon (formerly known as The Bank of New York, itself formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152735). |
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| 4. | A copy of the existing By-laws of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-261533). |
| 6. | The consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-229519). |
| 7. | A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority. |
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SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, and State of New York, on the 13th day of January, 2023.
| THE BANK OF NEW YORK MELLON | ||
| By: | /s/ Francine Kincaid | |
| Name: Francine Kincaid | ||
| Title: Vice President | ||
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EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON
of 240 Greenwich Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business September 30, 2022, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
| ASSETS | Dollar amounts in thousands | |||
Cash and balances due from depository institutions: | ||||
Noninterest-bearing balances and currency and coin | 3,792,000 | |||
Interest-bearing balances | 116,157,000 | |||
Securities: | ||||
Held-to-maturity securities | 57,255,000 | |||
Available-for-sale debt securities | 86,452,000 | |||
Equity securities with readily determinable fair values not held for trading | 1,000 | |||
Federal funds sold and securities purchased under agreements to resell: | ||||
Federal funds sold in domestic offices | 0 | |||
Securities purchased under agreements to resell | 7,901,000 | |||
Loans and lease financing receivables: | ||||
Loans and leases held for sale | 0 | |||
Loans and leases held for investment | 33,860,000 | |||
LESS: Allowance for loan and lease losses | 144,000 | |||
Loans and leases held for investment, net of allowance | 33,716,000 | |||
Trading assets | 7,533,000 | |||
Premises and fixed assets (including capitalized leases) | 2,838,000 | |||
Other real estate owned | 3,000 | |||
Investments in unconsolidated subsidiaries and associated companies | 1,309,000 | |||
Direct and indirect investments in real estate ventures | 0 | |||
Intangible assets | 6,875,000 | |||
Other assets | 20,822,000 | |||
|
| |||
Total assets | 344,654,000 | |||
|
| |||
LIABILITIES | ||||
Deposits: | ||||
In domestic offices | 194,373,000 | |||
Noninterest-bearing | 85,878,000 | |||
Interest-bearing | 108,495,000 | |||
In foreign offices, Edge and Agreement subsidiaries, and IBFs | 107,970,000 | |||
Noninterest-bearing | 4,897,000 | |||
Interest-bearing | 103,073,000 | |||
Federal funds purchased and securities sold under agreements to repurchase: | ||||
Federal funds purchased in domestic offices | 0 | |||
Securities sold under agreements to repurchase | 3,815,000 | |||
Trading liabilities | 3,907,000 | |||
Other borrowed money: | 365,000 | |||
Not applicable | ||||
Not applicable | ||||
Subordinated notes and debentures | 0 | |||
Other liabilities | 8,323,000 | |||
|
| |||
Total liabilities | 318,753,000 | |||
|
| |||
EQUITY CAPITAL | ||||
Perpetual preferred stock and related surplus | 0 | |||
Common stock | 1,135,000 | |||
Surplus (exclude all surplus related to preferred stock) | 11,906,000 | |||
Retained earnings | 17,582,000 | |||
Accumulated other comprehensive income | -4,722,000 | |||
Other equity capital components | 0 | |||
Total bank equity capital | 25,901,000 | |||
Noncontrolling (minority) interests in consolidated subsidiaries | 0 | |||
Total equity capital | 25,901,000 | |||
|
| |||
Total liabilities and equity capital | 344,654,000 | |||
|
|
I, Emily Portney, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.
Emily Portney
Chief Financial Officer
We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.
Robin A. Vance Frederick O. Terrell Joseph J. Echevarria |
| Directors |