Bank of Florida - Tampa Bay in city_name, state_name - Detailed Financial Reports, Location

Bank of Florida - Tampa Bay in Tampa, Florida (FL)
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Bank of Florida - Tampa Bay - Overview

General
FDIC Certificate #: 57814
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: EverBank (#34775)
Federal Reserve ID: 3287325
Date Established: November 05, 2004
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 426553
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: November 05, 2004
Last Structure Change Effective Date: May 28, 2010
Last Structure Change Process Date: June 01, 2010
Last Data Update: June 01, 2010
Data Source Date: April 05, 2012
Location
Address: 777 South Harbour Island Boulevard, Suites 125 And 940, Tampa, FL 33602
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)
Financial Summary
Total assets: $240.5 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, 2009)

Dollar figures in thousands
24Total employees (full-time equivalent)
$247,089Total assets
$17,040Cash and due from depository institutions
$12,711Interest-bearing balances
$18,681Securities
$0Federal funds sold & reverse repurchase agreements
$207,421Net loans & leases
$8,024Loan loss allowance
$0Trading account assets
$949Bank premises and fixed assets
$222Other real estate owned
$769Goodwill and other intangibles
$0Life insurance assets
$2,007All other assets
$247,089Total liabilities and capital
$239,823Total liabilities
$221,398Total deposits
$196,389Interest-bearing deposits
$221,398Deposits held in domestic offices
71.59%% insured (estimated)
$11,105Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,700Other borrowed funds
$0Subordinated debt
$620All other liabilities
$7,266Total equity capital
$7,266Total bank equity capital
$7,266Perpetual preferred stock
$0Common stock
$4,200Surplus
$22,090Undivided profits
Memoranda
$-19,024Noncurrent loans and leases
$16,057Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$32,405Earning assets
$0Long-term assets (5+ years)
$819Average Assets, year-to-date
$238,813Average Assets, quarterly
$52,292Volatile liabilities
$257,568Insider loans
$249,620FHLB advances
$51,268Loans and leases held for sale
$14,768Unused loan commitments
$6,700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,057Total unused commitments
$8,864Restructured Loans and leases
$2,695Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$12,090Total interest income
$5,796Total interest expense
$6,294Net interest income
$13,810Provision for loan and lease losses
$126Total noninterest income
$0Fiduciary activities
$192Service charges on deposit accounts
$0Trading account gains & fees
-$66Additional noninterest income
$6,769Total noninterest expense
$2,015Salaries and employee benefits
$1,036Premises and equipment expense
$3,718Additional noninterest expense
-$14,159Pre-tax net operating income
$801Securities gains (losses)
$2,324Applicable income taxes
-$15,682Income before extraordinary items
$0Extraordinary gains - net
-$15,682Net income attributable to bank
$0Net charge-offs
-$15,682Cash dividends
$11,333Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.07%Yield on earning assets
2.43%Cost of funding earning assets
2.64%Net interest margin
0.05%Noninterest income to earning assets
2.84%Noninterest expense to earning assets
-6.40%Net operating income to assets
-6.09%Return on assets (ROA)
-5.19%Pretax return on assets
-85.28%Return on equity (ROE)
-85.28%Retained earnings to average equity (YTD only)
5.15%Net charge-offs to loans
121.86%Credit loss provision to net charge-offs
-0.03%Efficiency ratio
104,829Assets per employee
10.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.72%Loss allowance to noncurrent loans
24.76%Noncurrent assets plus other real estate owned to assets
13.20%Noncurrent loans to loans
15.04%Net loans and leases to deposits
93.69%Net loans and leases to core deposits
114.45%Equity capital to assets
2.94%Core capital (leverage) ratio
2.66%Tier 1 risk-based capital ratio
3.09%Total risk-based capital ratio
Memoranda
$4Average assets
$257,568Average earning assets
$18,389Average equity
$238,523Average loans

Bank of Florida - Tampa Bay in Tampa, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Florida - Tampa Bay - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

Bank of Florida - Tampa Bay in Tampa, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Florida - Tampa Bay - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

Bank of Florida - Tampa Bay in Tampa, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches