1st Manatee Bank in Parrish, Florida (FL)



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1st Manatee Bank routing number info

Table of contents:
1st Manatee Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)20
Total assets$91,132
Cash and due from depository institutions$5,470
Interest-bearing balances$4,452
Securities$11,041
Federal funds sold & reverse repurchase agreements$100
Net loans & leases$68,278
Loan loss allowance $1,042
Trading account assets$0
Bank premises and fixed assets$3,423
Other real estate owned$968
Goodwill and other intangibles$82
All other assets$1,770
Life insurance assets$91,132
Total liabilities and capital$82,237
Total liabilities$81,989
Total deposits$78,475
Interest-bearing deposits$81,989
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $248
All other liabilities $8,895
Total equity capital$8,895
Total bank equity capital$8,895
Perpetual preferred stock$0
Common stock$5,331
Surplus$4,590
Undivided profits $-1,026
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,331
Earning assets $0
Long-term assets (5+ years) $365
Average Assets, year-to-date $83,871
Average Assets, quarterly $51,925
Volatile liabilities $86,473
Insider loans $90,644
FHLB advances $59,367
Loans and leases held for sale $90,989
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,224
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,046
Derivatives$385
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,517
Total interest expense $962
Net interest income $3,555
Provision for loan and lease losses $445
Total noninterest income $918
Fiduciary activities $0
Service charges on deposit accounts $7
Trading account gains & fees $0
Additional noninterest income $911
Total noninterest expense $3,224
Salaries and employee benefits $1,567
Premises and equipment expense $564
Additional noninterest expense $1,093
Pre-tax net operating income $804
Securities gains (losses) $0
Applicable income taxes $293
Income before extraordinary items $511
Extraordinary gains - net $0
Net income attributable to bank $511
Net charge-offs $0
Cash dividends $511
Sale, conversion, retirement of capital stock, net $272
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.76%
Cost of funding earning assets 1.23%
Net interest margin 4.53%
Noninterest income to earning assets 1.17%
Noninterest expense to earning assets 4.11%
Net operating income to assets 0.59%
Return on assets (ROA) 0.59%
Pretax return on assets 0.93%
Return on equity (ROE) 6.10%
Retained earnings to average equity (YTD only) 6.10%
Net charge-offs to loans 0.42%
Credit loss provision to net charge-offs 163.60%
Efficiency ratio4.59%
Assets per employee$72,077
Cash dividends to net income (YTD only)4.56%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.50%
Noncurrent assets plus other real estate owned to assets 44.70%
Noncurrent loans to loans 3.62%
Net loans and leases to deposits3.36%
Net loans and leases to core deposits 83.28%
Equity capital to assets 87.81%
Core capital (leverage) ratio 9.76%
Tier 1 risk-based capital ratio 9.04%
Total risk-based capital ratio 13.85%
Memoranda
Average assets$15
Average earning assets$86,473
Average equity $8,379
Average loans $78,434
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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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