Alarion Bank in Ocala, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Alarion Bank - Overview

  • General
  • FDIC Certificate #: 57845
    Status: Active
    Federal Reserve ID: 3333848
    Bank Holding Company (Regulatory Top Holder): Alarion Financial Services, Inc. (RSSDID: 3382891, Location: Ocala, FL)
    Date Established: Febuary 28, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 428073
    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: Febuary 28, 2005
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: One Northeast First Avenue, Ocala, FL 34470
    County: Marion
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Ocala, FL (#5790)
    Core Based Statistical Area (CBSA): Ocala, FL (#36100)
    CBSA Metro Statistical Area: Ocala, FL (#36100)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $284.0 mil
    Equity capital: $23.0 mil
    Deposits held in domestic offices: $242.6 mil
    Return on assets (ROA): -0.89% (-$2.5 mil)
    Quarterly return on assets: -1.57% (-$4.5 mil)
    Return on Equity (ROE): -11.08% (-$2.5 mil)
    Quarterly return on equity: -19.52% (-$4.5 mil)
    Net income: -$2.7 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -1.42% (-$4,032.4 mil)
    Quarterly Pretax return on assets: -2.51% (-$7,127.7 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
  • 88Total employees (full-time equivalent)
  • $283,974Total assets
  • $5,067Cash and due from depository institutions
  • $225Interest-bearing balances
  • $50,216Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $204,234Net loans & leases
  • $5,398Loan loss allowance
  • $0Trading account assets
  • $13,033Bank premises and fixed assets
  • $4,323Other real estate owned
  • $0Goodwill and other intangibles
  • $283,974Life insurance assets
  • $7,101All other assets
  • $261,012Total liabilities and capital
  • $242,550Total liabilities
  • $210,958Total deposits
  • $242,550Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 1754.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,000Trading liabilities
  • $0Other borrowed funds
  • $708Subordinated debt
  • $22,962All other liabilities
  • $22,962Total equity capital
  • $22,962Total bank equity capital
  • $0Perpetual preferred stock
  • $7,564Common stock
  • $22,510Surplus
  • $-7,112Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $9,961Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,468Income earned, not collected on loans
  • $0Earning assets
  • $865Long-term assets (5+ years)
  • $254,675Average Assets, year-to-date
  • $84,205Average Assets, quarterly
  • $301,620Volatile liabilities
  • $292,173Insider loans
  • $211,421FHLB advances
  • $289,581Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,805Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,111Restructured Loans and leases
  • $8,731Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,508Total interest income
  • $3,691Total interest expense
  • $8,817Net interest income
  • $4,460Provision for loan and lease losses
  • $663Total noninterest income
  • $0Fiduciary activities
  • $159Service charges on deposit accounts
  • $0Trading account gains & fees
  • $504Additional noninterest income
  • $9,300Total noninterest expense
  • $4,589Salaries and employee benefits
  • $1,355Premises and equipment expense
  • $3,356Additional noninterest expense
  • -$4,280Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,594Applicable income taxes
  • -$2,686Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,686Net income attributable to bank
  • $0Net charge-offs
  • -$2,686Cash dividends
  • $3,177Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 1.36%Cost of funding earning assets
  • 3.26%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • -0.89%Net operating income to assets
  • -0.89%Return on assets (ROA)
  • -1.42%Pretax return on assets
  • -11.08%Return on equity (ROE)
  • -11.08%Retained earnings to average equity (YTD only)
  • 1.48%Net charge-offs to loans
  • 140.38%Credit loss provision to net charge-offs
  • 0.06%Efficiency ratio
  • 98,101Assets per employee
  • 3.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.57%Loss allowance to noncurrent loans
  • 83.46%Noncurrent assets plus other real estate owned to assets
  • 3.80%Noncurrent loans to loans
  • 3.09%Net loans and leases to deposits
  • 84.20%Net loans and leases to core deposits
  • 88.32%Equity capital to assets
  • 8.09%Core capital (leverage) ratio
  • 6.49%Tier 1 risk-based capital ratio
  • 8.89%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $301,620Average earning assets
  • $24,245Average equity
  • $270,523Average loans

List of branches

  • 6 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0428073Alarion BankOne Northeast First Avenue, Ocala, FL 34470Febuary 28, 2005Full Service Brick and Mortar
    2444363Gainesville Branch4373 Newberry Road, Gainesville, FL 32607September 06, 2005Full Service Brick and Mortar
    3450571Gainesville Branch4200 Sw 34th Street, Gainesville, FL 32608March 29, 2006Full Service Brick and Mortar
    4457864Alachua Branch16404 Nw 17th Drive, Alachua, FL 32615December 20, 2006Full Service Brick and Mortar
    5464795Ocala Branch2510 Se Maricamp Road, Ocala, FL 34471June 07, 2007Full Service Brick and Mortar
    6479400State Road 200 Branch7605 Sw Highway 200, Ocala, FL 34476July 30, 2008Full Service Brick and Mortar

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