Anderen Bank in Palm Harbor, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Anderen Bank - Overview

  • General
  • FDIC Certificate #: 58578
    Status: Active
    Federal Reserve ID: 3625589
    Bank Holding Company (Regulatory Top Holder): Anderen Financial, Inc. (RSSDID: 3625570, Location: Palm Harbor, FL)
    Date Established: November 15, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 457306
    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 15, 2007
    Last Structure Change Effective Date: April 23, 2008
    Last Structure Change Process Date: June 09, 2008
    Last Data Update: June 09, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 3412 East Lake Road, Palm Harbor, FL 34685
    County: Pinellas
    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
  • Name Change
  • Financial Summary
  • Total assets: $204.7 mil
    Equity capital: $37.4 mil
    Deposits held in domestic offices: $167.0 mil
    Return on assets (ROA): 0.50% ($1.0 mil)
    Quarterly return on assets: 0.37% ($0.8 mil)
    Return on Equity (ROE): 2.81% ($1.0 mil)
    Quarterly return on equity: 2.02% ($0.7 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.87% ($1,781.0 mil)
    Quarterly Pretax return on assets: 0.69% ($1,412.5 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
  • 44Total employees (full-time equivalent)
  • $204,707Total assets
  • $1,980Cash and due from depository institutions
  • $500Interest-bearing balances
  • $38,963Securities
  • $8,211Federal funds sold & reverse repurchase agreements
  • $142,934Net loans & leases
  • $3,082Loan loss allowance
  • $0Trading account assets
  • $5,933Bank premises and fixed assets
  • $1,253Other real estate owned
  • $0Goodwill and other intangibles
  • $204,707Life insurance assets
  • $5,433All other assets
  • $167,283Total liabilities and capital
  • $167,030Total liabilities
  • $151,852Total deposits
  • $167,030Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $253Subordinated debt
  • $37,424All other liabilities
  • $37,424Total equity capital
  • $37,424Total bank equity capital
  • $0Perpetual preferred stock
  • $10,600Common stock
  • $34,745Surplus
  • $-7,921Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,681Income earned, not collected on loans
  • $0Earning assets
  • $584Long-term assets (5+ years)
  • $190,608Average Assets, year-to-date
  • $53,426Average Assets, quarterly
  • $204,467Volatile liabilities
  • $204,137Insider loans
  • $161,801FHLB advances
  • $205,388Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,953Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,545Restructured Loans and leases
  • $7,617Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,268Total interest income
  • $2,258Total interest expense
  • $7,010Net interest income
  • -$112Provision for loan and lease losses
  • $320Total noninterest income
  • $0Fiduciary activities
  • $53Service charges on deposit accounts
  • $0Trading account gains & fees
  • $267Additional noninterest income
  • $6,554Total noninterest expense
  • $3,502Salaries and employee benefits
  • $1,072Premises and equipment expense
  • $1,980Additional noninterest expense
  • $888Pre-tax net operating income
  • $888Securities gains (losses)
  • $747Applicable income taxes
  • $1,029Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,029Net income attributable to bank
  • $0Net charge-offs
  • $1,029Cash dividends
  • $1,124Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 3.48%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 2.81%Return on equity (ROE)
  • 2.81%Retained earnings to average equity (YTD only)
  • 0.78%Net charge-offs to loans
  • -9.96%Credit loss provision to net charge-offs
  • 0.69%Efficiency ratio
  • 89,413Assets per employee
  • 4.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 40.12%Noncurrent assets plus other real estate owned to assets
  • 4.36%Noncurrent loans to loans
  • 5.26%Net loans and leases to deposits
  • 85.57%Net loans and leases to core deposits
  • 96.75%Equity capital to assets
  • 18.28%Core capital (leverage) ratio
  • 16.04%Tier 1 risk-based capital ratio
  • 20.37%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $204,467Average earning assets
  • $36,587Average equity
  • $188,288Average loans

List of branches

  • 7 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0457306Anderen Bank3412 East Lake Road, Palm Harbor, FL 34685November 15, 2007Full Service Brick and Mortar
    1478896East Lake Branch3412 East Lake Road, Palm Harbor, FL 34685November 15, 2007Full Service Brick and Mortar
    2499308Orlando Lee Road Branch1720 Lee Road, Winter Park, FL 32789August 03, 2009Full Service Brick and Mortar
    3499309Tampa Branch2514 West Kennedy Boulevard, Tampa, FL 33609September 23, 2009Full Service Brick and Mortar
    4507366Clearwater Branch1465 South Fort Harrison Avenue, Suite 100, Clearwater, FL 33756April 05, 2010Full Service Brick and Mortar
    5518490Messenger Service3412 East Lake Road, Palm Harbor, FL 34685April 04, 2011Limited Service Messenger
    6518491Messenger Service - Winter Park1720 Lee Road, Winter Park, FL 32789April 13, 2011Limited Service Messenger

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