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


Bay Cities Bank - Overview

  • General
  • FDIC Certificate #: 35066
    Status: Active
    Federal Reserve ID: 2805441
    Bank Holding Company (Regulatory Top Holder): Florida Business Bancgroup, Inc. (RSSDID: 2805432, Location: Tampa, FL)
    Date Established: November 10, 1999
    WWW: http://www.bay-cities-bank.com
    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 #: 74371
    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 10, 1999
    Last Structure Change Effective Date: October 22, 2010
    Last Structure Change Process Date: October 25, 2010
    Last Data Update: October 25, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 4301 West Boy Scout Boulevard, Suite 150, Tampa, FL 33607
    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: $607.6 mil
    Equity capital: $58.5 mil
    Deposits held in domestic offices: $513.6 mil
    Return on assets (ROA): -1.19% (-$7.2 mil)
    Quarterly return on assets: -3.74% (-$22.7 mil)
    Return on Equity (ROE): -11.97% (-$6.9 mil)
    Quarterly return on equity: -36.89% (-$21.4 mil)
    Net income: -$7.2 mil
    Quarterly Net income: -$5.7 mil
    Pretax return on assets: -2.01% (-$12,213.6 mil)
    Quarterly Pretax return on assets: -6.10% (-$37,066.2 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)
  • $607,642Total assets
  • $122,088Cash and due from depository institutions
  • $112,955Interest-bearing balances
  • $120,433Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $316,697Net loans & leases
  • $5,129Loan loss allowance
  • $0Trading account assets
  • $7,872Bank premises and fixed assets
  • $5,060Other real estate owned
  • $0Goodwill and other intangibles
  • $607,642Life insurance assets
  • $35,492All other assets
  • $549,178Total liabilities and capital
  • $513,561Total liabilities
  • $389,522Total deposits
  • $513,561Interest-bearing deposits
  • $66Deposits held in domestic offices
  • 10514.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,000Trading liabilities
  • $0Other borrowed funds
  • $3,103Subordinated debt
  • $58,464All other liabilities
  • $58,464Total equity capital
  • $58,464Total bank equity capital
  • $0Perpetual preferred stock
  • $6,900Common stock
  • $58,761Surplus
  • $-7,197Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,329Income earned, not collected on loans
  • $0Earning assets
  • $1,797Long-term assets (5+ years)
  • $550,085Average Assets, year-to-date
  • $206,526Average Assets, quarterly
  • $606,245Volatile liabilities
  • $607,890Insider loans
  • $328,745FHLB advances
  • $566,445Loans and leases held for sale
  • $8,580Unused loan commitments
  • $8,580Tier 1 (core) risk-based capital
  • $47,422Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,197Restructured Loans and leases
  • $12,475Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,451Total interest income
  • $6,220Total interest expense
  • $17,231Net interest income
  • $13,960Provision for loan and lease losses
  • -$130Total noninterest income
  • $0Fiduciary activities
  • $801Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$931Additional noninterest income
  • $15,377Total noninterest expense
  • $6,776Salaries and employee benefits
  • $2,049Premises and equipment expense
  • $6,552Additional noninterest expense
  • -$12,236Pre-tax net operating income
  • $50Securities gains (losses)
  • -$4,963Applicable income taxes
  • -$7,223Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,223Net income attributable to bank
  • $0Net charge-offs
  • -$7,223Cash dividends
  • $13,891Sale, conversion, retirement of capital stock, net
  • $259Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.30%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 3.16%Net interest margin
  • -0.02%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • -1.20%Net operating income to assets
  • -1.19%Return on assets (ROA)
  • -2.01%Pretax return on assets
  • -11.97%Return on equity (ROE)
  • -12.40%Retained earnings to average equity (YTD only)
  • 4.28%Net charge-offs to loans
  • 100.50%Credit loss provision to net charge-offs
  • 0.12%Efficiency ratio
  • 89,919Assets per employee
  • 6.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -3.59%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 18.11%Noncurrent assets plus other real estate owned to assets
  • 5.49%Noncurrent loans to loans
  • 8.80%Net loans and leases to deposits
  • 61.67%Net loans and leases to core deposits
  • 66.26%Equity capital to assets
  • 9.62%Core capital (leverage) ratio
  • 8.37%Tier 1 risk-based capital ratio
  • 14.43%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $606,245Average earning assets
  • $60,357Average equity
  • $545,703Average loans

List of branches

  • 6 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074371Bay Cities Bank4301 West Boy Scout Boulevard, Suite 150, Tampa, FL 33607November 10, 1999Full Service Brick and Mortar
    1419081Lutz Branch18315 U.S. Highway 41 North, Lutz, FL 33549April 02, 2003Full Service Brick and Mortar
    34407134th Street Office4845 4th Street North, Saint Petersburg, FL 33703May 16, 2005Full Service Brick and Mortar
    5450334Carrollwood Branch14877 North Dale Mabry Highway, Tampa, FL 33618March 24, 2006Full Service Brick and Mortar
    6465280South Tampa Branch3902 Henderson Boulevard, Tampa, FL 33629July 10, 2007Full Service Brick and Mortar
    8479327Corporate Office Branch5537 Sheldon Rd, Suite D, Tampa, FL 33615June 02, 2008Limited Service Administrative

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