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

This bank is inactive as of May 28, 2010

  • 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

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