American Momentum Bank in Tampa, Florida (FL), TX
Overview, Financial Summary, Detailed Financial Reports, Branches

  • American Momentum Bank in Tampa, Florida (FL), TX
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American Momentum Bank - Overview

  • General
  • FDIC Certificate #: 58309
    Status: Active
    Federal Reserve ID: 3447576
    Bank Holding Company (Regulatory Top Holder): Adam Bank Group, Inc. (RSSDID: 3447567, Location: Tampa, FL)
    Date Established: October 25, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 22 (Domestic: 22, Interstate: Yes)
    FDIC's unique #: 445958
    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: October 25, 2006
    Last Structure Change Effective Date: July 22, 2011
    Last Structure Change Process Date: July 25, 2011
    Last Data Update: July 25, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 4830 West Kennedy Boulevard Suite 200, Tampa, FL 33609
    County: Hillsborough
    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): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $934.1 mil
    Equity capital: $150.5 mil
    Deposits held in domestic offices: $728.1 mil
    Return on assets (ROA): 0.43% ($4.0 mil)
    Quarterly return on assets: 0.07% ($0.7 mil)
    Return on Equity (ROE): 2.18% ($3.3 mil)
    Quarterly return on equity: 0.40% ($0.6 mil)
    Net income: $3.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.81% ($7,566.2 mil)
    Quarterly Pretax return on assets: 0.17% ($1,588.0 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
  • 167Total employees (full-time equivalent)
  • $934,094Total assets
  • $21,087Cash and due from depository institutions
  • $6,130Interest-bearing balances
  • $104,638Securities
  • $1,355Federal funds sold & reverse repurchase agreements
  • $740,813Net loans & leases
  • $8,416Loan loss allowance
  • $0Trading account assets
  • $21,787Bank premises and fixed assets
  • $22,875Other real estate owned
  • $7,172Goodwill and other intangibles
  • $934,094Life insurance assets
  • $14,367All other assets
  • $783,575Total liabilities and capital
  • $728,121Total liabilities
  • $616,163Total deposits
  • $728,121Interest-bearing deposits
  • $61Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $48,404Trading liabilities
  • $0Other borrowed funds
  • $7,050Subordinated debt
  • $150,519All other liabilities
  • $150,519Total equity capital
  • $150,519Total bank equity capital
  • $0Perpetual preferred stock
  • $77,094Common stock
  • $79,639Surplus
  • $-6,214Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $48,188Income earned, not collected on loans
  • $0Earning assets
  • $2,102Long-term assets (5+ years)
  • $852,936Average Assets, year-to-date
  • $42,960Average Assets, quarterly
  • $760,011Volatile liabilities
  • $910,654Insider loans
  • $869,758FHLB advances
  • $897,776Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $141,610Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $136,608Restructured Loans and leases
  • $6,308Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $38,588Total interest income
  • $3,983Total interest expense
  • $34,605Net interest income
  • $3,618Provision for loan and lease losses
  • -$209Total noninterest income
  • $0Fiduciary activities
  • $461Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$670Additional noninterest income
  • $24,647Total noninterest expense
  • $9,605Salaries and employee benefits
  • $6,877Premises and equipment expense
  • $8,165Additional noninterest expense
  • $6,131Pre-tax net operating income
  • $30Securities gains (losses)
  • $2,922Applicable income taxes
  • $3,239Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,239Net income attributable to bank
  • $0Net charge-offs
  • $3,239Cash dividends
  • $2,589Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.49%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 4.92%Net interest margin
  • -0.03%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 2.18%Return on equity (ROE)
  • 2.18%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 139.75%Credit loss provision to net charge-offs
  • 3.77%Efficiency ratio
  • 71,657Assets per employee
  • 5.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 17.46%Noncurrent assets plus other real estate owned to assets
  • 7.61%Noncurrent loans to loans
  • 6.43%Net loans and leases to deposits
  • 101.74%Net loans and leases to core deposits
  • 101.74%Equity capital to assets
  • 16.11%Core capital (leverage) ratio
  • 15.77%Tier 1 risk-based capital ratio
  • 16.28%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $760,011Average earning assets
  • $148,771Average equity
  • $702,788Average loans

List of branches

  • 21 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0445958American Momentum Bank4830 West Kennedy Boulevard Suite 200, Tampa, FL 33609October 25, 2006Full Service Brick and Mortar
    1458335Henderson Branch Office3708 Henderson Boulevard, Tampa, FL 33609Febuary 02, 2007Full Service Brick and Mortar
    2458367Baywalk Branch101 1st Street, Saint Petersburg, FL 33701Febuary 05, 2007Full Service Brick and Mortar
    3460077Lake Magdalene Branch15150 North Florida Avenue, Tampa, FL 33613Febuary 20, 2007Full Service Brick and Mortar
    4468943Downtown Orlando Branch301 East Pine Street, Suite 125, Orlando, FL 32801November 07, 2007Full Service Brick and Mortar
    5468944Naples 5th Avenue Branch305 5th Avenue South, Naples, FL 34102June 28, 2007Full Service Brick and Mortar
    6469438Sarasota Branch9121 Town Center Parkway, Bradenton, FL 34202November 09, 2007Full Service Brick and Mortar
    7470766Clark Road Branch5221 Clark Road, Sarasota, FL 34233December 17, 2007Full Service Brick and Mortar
    9491991Winter Garden BranchDaniels Road, Winter Garden, FL 34787October 14, 2008Full Service Brick and Mortar
    10492741Central Avenue Branch5858 Central Avenue, Saint Petersburg, FL 33707Febuary 09, 2009Full Service Brick and Mortar
    11514906Pelican Bay Branch8625 Tamiami Trail North, Naples, FL 34108December 14, 2010Full Service Brick and Mortar
    12515745Harbor Oaks Branch1001 South Fort Harrison Avenue, Clearwater, FL 33756December 16, 2010Full Service Brick and Mortar
    13437884Southshore Community Bank Branch5998 Us Hwy 41 North Suite A, Apollo Beach, FL 33572September 12, 2005Full Service Brick and Mortar
    14479639Sun City Center Branch131 South Pebble Beach Blvd, Sun City Center, FL 33573January 15, 2008Full Service Brick and Mortar
    1576801Landmark Bank Branch544 South Washington Boulevard, Sarasota, FL 34236Febuary 04, 2000Full Service Brick and Mortar
    16419099Mcintosh Branch3939 Mcintosh Road, Sarasota, FL 34233March 31, 2003Full Service Brick and Mortar
    17430137Sunnyside Branch5201 Bahia Vista, Sarasota, FL 34232March 08, 2004Limited Service Mobile
    18438786Fruitville Branch5851 Fruitville Road, Sarasota, FL 34232November 08, 2004Full Service Brick and Mortar
    19452590South Trail Branch8444 South Tamiami Trail, Sarasota, FL 34238October 04, 2005Full Service Brick and Mortar
    20493621Kobernick House Branch951 Honore Ave, Sarasota, FL 34235October 20, 2008Limited Service Mobile
    21522013Sarasota Branch244 South Washington Blvd, Sarasota, FL 34236July 23, 2011Full Service Brick and Mortar
  • 1 Texas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    815224College Station BranchOne Momentum Boulevard, College Station, TX 77845March 27, 1975Full Service Brick and Mortar

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