Encore National Bank in Port Charlotte, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Encore National Bank - Overview

  • General
  • FDIC Certificate #: 58376
    Status: Active
    Federal Reserve ID: 3603457
    Bank Holding Company (Regulatory Top Holder): Ovation Holdings, Inc. (RSSDID: 4114884, Location: Naples, FL)
    Date Established: June 04, 2007
    WWW: http://www.encorenationalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 448927
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 04, 2007
    Last Structure Change Effective Date: Febuary 07, 2011
    Last Structure Change Process Date: April 22, 2011
    Last Data Update: April 22, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2120 Kings Highway, Port Charlotte, FL 33980
    County: Charlotte
    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): Punta Gorda, FL (#6580)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): Punta Gorda, FL (#39460)
    CBSA Metro Statistical Area: Punta Gorda, FL (#39460)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $241.4 mil
    Equity capital: $31.8 mil
    Deposits held in domestic offices: $207.5 mil
    Return on assets (ROA): -0.49% (-$1.2 mil)
    Quarterly return on assets: -1.46% (-$3.5 mil)
    Return on Equity (ROE): -3.95% (-$1.3 mil)
    Quarterly return on equity: -10.71% (-$3.4 mil)
    Net income: -$1.2 mil
    Quarterly Net income: -$0.9 mil
    Pretax return on assets: -0.79% (-$1,907.1 mil)
    Quarterly Pretax return on assets: -2.64% (-$6,373.1 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
  • 37Total employees (full-time equivalent)
  • $241,404Total assets
  • $8,649Cash and due from depository institutions
  • $822Interest-bearing balances
  • $118,745Securities
  • $3,157Federal funds sold & reverse repurchase agreements
  • $92,972Net loans & leases
  • $848Loan loss allowance
  • $0Trading account assets
  • $8,308Bank premises and fixed assets
  • $504Other real estate owned
  • $5,432Goodwill and other intangibles
  • $241,404Life insurance assets
  • $3,637All other assets
  • $209,582Total liabilities and capital
  • $207,484Total liabilities
  • $184,514Total deposits
  • $207,484Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,098Subordinated debt
  • $31,822All other liabilities
  • $31,822Total equity capital
  • $31,822Total bank equity capital
  • $0Perpetual preferred stock
  • $12,000Common stock
  • $16,500Surplus
  • $3,322Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,362Income earned, not collected on loans
  • $0Earning assets
  • $1,124Long-term assets (5+ years)
  • $215,696Average Assets, year-to-date
  • $95,287Average Assets, quarterly
  • $240,998Volatile liabilities
  • $242,337Insider loans
  • $108,733FHLB advances
  • $236,966Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,950Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,440Restructured Loans and leases
  • $4,376Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,430Total interest income
  • $2,075Total interest expense
  • $6,355Net interest income
  • $1,381Provision for loan and lease losses
  • $1,663Total noninterest income
  • $0Fiduciary activities
  • $128Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,535Additional noninterest income
  • $9,072Total noninterest expense
  • $3,393Salaries and employee benefits
  • $1,491Premises and equipment expense
  • $4,188Additional noninterest expense
  • -$2,435Pre-tax net operating income
  • $540Securities gains (losses)
  • -$713Applicable income taxes
  • -$1,182Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,182Net income attributable to bank
  • $0Net charge-offs
  • -$1,182Cash dividends
  • $532Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.93%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 2.96%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • -0.63%Net operating income to assets
  • -0.49%Return on assets (ROA)
  • -0.79%Pretax return on assets
  • -3.95%Return on equity (ROE)
  • -3.95%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 259.59%Credit loss provision to net charge-offs
  • -1.98%Efficiency ratio
  • 88,962Assets per employee
  • 6.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 35.90%Noncurrent assets plus other real estate owned to assets
  • 1.19%Noncurrent loans to loans
  • 2.52%Net loans and leases to deposits
  • 44.81%Net loans and leases to core deposits
  • 48.03%Equity capital to assets
  • 13.18%Core capital (leverage) ratio
  • 10.53%Tier 1 risk-based capital ratio
  • 22.95%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $240,998Average earning assets
  • $29,938Average equity
  • $214,509Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0448927Encore National Bank2120 Kings Highway, Port Charlotte, FL 33980June 04, 2007Full Service Brick and Mortar
    143131Encore Bank Naples Branch10600 Tamiami Trail, N, Suite 604, Naples, FL 34108January 01, 1928Full Service Brick and Mortar
    2362941Sun City Center Branch1653 Sun City Center Plz, Ste 1001, Sun City Center, FL 33573September 04, 2001Full Service Brick and Mortar
    3362942Ft. Myers Branch7920 Summerlin Lakes Drive, Fort Myers, FL 33907October 16, 2001Full Service Brick and Mortar
    4463648Naples Branch3003 Tamiami Trail, Ste 100, Naples, FL 34103January 03, 2007Full Service Brick and Mortar

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