Fidelity Bank of Florida, National Association in Merritt Island, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Fidelity Bank of Florida, National Association in Merritt Island, Florida (FL)
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Fidelity Bank of Florida, National Association - Overview

  • General
  • FDIC Certificate #: 33198
    Status: Active
    Federal Reserve ID: 1516423
    Date Established: November 26, 1990
    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: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12240
    FDIC's unique #: 46436
    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: November 26, 1990
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1380 North Courtenay Parkway, Merritt Island, FL 32953
    County: Brevard
    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): Melbourne-Titusville-Palm Bay, FL (#4900)
    Core Based Statistical Area (CBSA): Palm Bay-Melbourne-Titusville, FL (#37340)
    CBSA Metro Statistical Area: Palm Bay-Melbourne-Titusville, FL (#37340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $351.7 mil
    Equity capital: $15.9 mil
    Deposits held in domestic offices: $279.8 mil
    Return on assets (ROA): -0.57% (-$2.0 mil)
    Quarterly return on assets: -0.22% (-$0.8 mil)
    Return on Equity (ROE): -12.98% (-$2.1 mil)
    Quarterly return on equity: -4.91% (-$0.8 mil)
    Net income: -$2.1 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.58% (-$2,039.6 mil)
    Quarterly Pretax return on assets: -0.24% (-$844.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 39Total employees (full-time equivalent)
  • $351,659Total assets
  • $18,194Cash and due from depository institutions
  • $15,622Interest-bearing balances
  • $73,931Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $245,152Net loans & leases
  • $15,299Loan loss allowance
  • $0Trading account assets
  • $2,640Bank premises and fixed assets
  • $5,819Other real estate owned
  • $0Goodwill and other intangibles
  • $351,659Life insurance assets
  • $5,923All other assets
  • $335,775Total liabilities and capital
  • $279,769Total liabilities
  • $274,867Total deposits
  • $279,769Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $55,500Trading liabilities
  • $0Other borrowed funds
  • $506Subordinated debt
  • $15,884All other liabilities
  • $15,884Total equity capital
  • $15,884Total bank equity capital
  • $0Perpetual preferred stock
  • $2,244Common stock
  • $5,709Surplus
  • $7,931Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $50,136Income earned, not collected on loans
  • $0Earning assets
  • $1,520Long-term assets (5+ years)
  • $334,705Average Assets, year-to-date
  • $129,263Average Assets, quarterly
  • $366,261Volatile liabilities
  • $355,525Insider loans
  • $243,972FHLB advances
  • $355,646Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,795Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,321Total interest income
  • $9,242Total interest expense
  • $12,079Net interest income
  • $4,979Provision for loan and lease losses
  • -$17Total noninterest income
  • $0Fiduciary activities
  • $35Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$52Additional noninterest income
  • $9,223Total noninterest expense
  • $2,022Salaries and employee benefits
  • $443Premises and equipment expense
  • $6,758Additional noninterest expense
  • -$2,140Pre-tax net operating income
  • $0Securities gains (losses)
  • -$54Applicable income taxes
  • -$2,086Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,086Net income attributable to bank
  • $0Net charge-offs
  • -$2,086Cash dividends
  • $9,681Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.13%Yield on earning assets
  • 2.66%Cost of funding earning assets
  • 3.47%Net interest margin
  • -0.00%Noninterest income to earning assets
  • 2.65%Noninterest expense to earning assets
  • -0.57%Net operating income to assets
  • -0.57%Return on assets (ROA)
  • -0.58%Pretax return on assets
  • -12.98%Return on equity (ROE)
  • -12.98%Retained earnings to average equity (YTD only)
  • 3.44%Net charge-offs to loans
  • 51.43%Credit loss provision to net charge-offs
  • 0.29%Efficiency ratio
  • 76,463Assets per employee
  • 9.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.87%Loss allowance to noncurrent loans
  • 30.51%Noncurrent assets plus other real estate owned to assets
  • 15.91%Noncurrent loans to loans
  • 19.25%Net loans and leases to deposits
  • 87.63%Net loans and leases to core deposits
  • 91.16%Equity capital to assets
  • 4.52%Core capital (leverage) ratio
  • 4.44%Tier 1 risk-based capital ratio
  • 6.47%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $366,261Average earning assets
  • $16,066Average equity
  • $348,093Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046436Fidelity Bank Of Florida, National Association1380 North Courtenay Parkway, Merritt Island, FL 32953November 26, 1990Full Service Brick and Mortar
    1289371Longwood Branch901 East State Road 434, Longwood, FL 32750Febuary 01, 1994Full Service Brick and Mortar
    2468963New Port Richey, Florida Branch10523 Us Highway 19, Port Richey, FL 34668October 15, 2007Full Service Brick and Mortar

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