1st Manatee Bank in Parrish, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


1st Manatee Bank - Overview

  • General
  • FDIC Certificate #: 58548
    Status: Active
    Federal Reserve ID: 3655081
    Date Established: November 13, 2007
    WWW: http://www.1stmanatee.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 456019
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 13, 2007
    Last Structure Change Effective Date: January 25, 2010
    Last Structure Change Process Date: Febuary 04, 2010
    Last Data Update: Febuary 04, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 12215 Us Highway 301 N, Parrish, FL 34219
    County: Manatee
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $91.1 mil
    Equity capital: $8.9 mil
    Deposits held in domestic offices: $82.0 mil
    Return on assets (ROA): 0.59% ($0.5 mil)
    Quarterly return on assets: 0.36% ($0.3 mil)
    Return on Equity (ROE): 6.10% ($0.5 mil)
    Quarterly return on equity: 3.71% ($0.3 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.93% ($847.5 mil)
    Quarterly Pretax return on assets: 0.56% ($510.3 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $91,132Total assets
  • $5,470Cash and due from depository institutions
  • $4,452Interest-bearing balances
  • $11,041Securities
  • $100Federal funds sold & reverse repurchase agreements
  • $68,278Net loans & leases
  • $1,042Loan loss allowance
  • $0Trading account assets
  • $3,423Bank premises and fixed assets
  • $968Other real estate owned
  • $82Goodwill and other intangibles
  • $91,132Life insurance assets
  • $1,770All other assets
  • $82,237Total liabilities and capital
  • $81,989Total liabilities
  • $78,475Total deposits
  • $81,989Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $248Subordinated debt
  • $8,895All other liabilities
  • $8,895Total equity capital
  • $8,895Total bank equity capital
  • $0Perpetual preferred stock
  • $5,331Common stock
  • $4,590Surplus
  • $-1,026Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,331Income earned, not collected on loans
  • $0Earning assets
  • $365Long-term assets (5+ years)
  • $83,871Average Assets, year-to-date
  • $51,925Average Assets, quarterly
  • $86,473Volatile liabilities
  • $90,644Insider loans
  • $59,367FHLB advances
  • $90,989Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,224Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,046Restructured Loans and leases
  • $385Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,517Total interest income
  • $962Total interest expense
  • $3,555Net interest income
  • $445Provision for loan and lease losses
  • $918Total noninterest income
  • $0Fiduciary activities
  • $7Service charges on deposit accounts
  • $0Trading account gains & fees
  • $911Additional noninterest income
  • $3,224Total noninterest expense
  • $1,567Salaries and employee benefits
  • $564Premises and equipment expense
  • $1,093Additional noninterest expense
  • $804Pre-tax net operating income
  • $0Securities gains (losses)
  • $293Applicable income taxes
  • $511Income before extraordinary items
  • $0Extraordinary gains - net
  • $511Net income attributable to bank
  • $0Net charge-offs
  • $511Cash dividends
  • $272Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.76%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 4.53%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 4.11%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 6.10%Return on equity (ROE)
  • 6.10%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 163.60%Credit loss provision to net charge-offs
  • 4.59%Efficiency ratio
  • 72,077Assets per employee
  • 4.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 44.70%Noncurrent assets plus other real estate owned to assets
  • 3.62%Noncurrent loans to loans
  • 3.36%Net loans and leases to deposits
  • 83.28%Net loans and leases to core deposits
  • 87.81%Equity capital to assets
  • 9.76%Core capital (leverage) ratio
  • 9.04%Tier 1 risk-based capital ratio
  • 13.85%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $86,473Average earning assets
  • $8,379Average equity
  • $78,434Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04560191st Manatee Bank12215 Us Highway 301 N, Parrish, FL 34219November 13, 2007Full Service Brick and Mortar
    1492712Cortez Road Office Branch5100 Cortez Road West, Bradenton, FL 34210December 15, 2008Full Service Brick and Mortar

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