First Green Bank in Mount Dora, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Green Bank - Overview

  • General
  • FDIC Certificate #: 58874
    Status: Active
    Federal Reserve ID: 3900950
    Date Established: Febuary 17, 2009
    WWW: http://www.firstgreenbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 5, Interstate: No)
    FDIC's unique #: 473597
    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: Febuary 17, 2009
    Last Structure Change Effective Date: November 14, 2011
    Last Structure Change Process Date: December 01, 2011
    Last Data Update: December 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 18251 State Highway 441, Mount Dora, FL 32757
    County: Lake
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $163.6 mil
    Equity capital: $21.0 mil
    Deposits held in domestic offices: $141.9 mil
    Return on assets (ROA): 0.38% ($0.6 mil)
    Quarterly return on assets: 0.40% ($0.7 mil)
    Return on Equity (ROE): 3.06% ($0.6 mil)
    Quarterly return on equity: 3.08% ($0.6 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.61% ($997.7 mil)
    Quarterly Pretax return on assets: 0.63% ($1,030.4 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
  • 42Total employees (full-time equivalent)
  • $163,556Total assets
  • $3,202Cash and due from depository institutions
  • $55Interest-bearing balances
  • $22,389Securities
  • $4,165Federal funds sold & reverse repurchase agreements
  • $119,066Net loans & leases
  • $1,538Loan loss allowance
  • $0Trading account assets
  • $9,228Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $163,556Life insurance assets
  • $5,506All other assets
  • $142,544Total liabilities and capital
  • $141,896Total liabilities
  • $116,084Total deposits
  • $141,896Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $648Subordinated debt
  • $21,012All other liabilities
  • $21,012Total equity capital
  • $21,012Total bank equity capital
  • $4,683Perpetual preferred stock
  • $8,835Common stock
  • $9,102Surplus
  • $-1,608Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $571Long-term assets (5+ years)
  • $145,675Average Assets, year-to-date
  • $21,875Average Assets, quarterly
  • $142,680Volatile liabilities
  • $160,939Insider loans
  • $138,362FHLB advances
  • $160,009Loans and leases held for sale
  • $3,608Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,251Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,608Total unused commitments
  • $13,834Restructured Loans and leases
  • $5,931Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,659Total interest income
  • $1,473Total interest expense
  • $5,186Net interest income
  • $520Provision for loan and lease losses
  • $444Total noninterest income
  • $0Fiduciary activities
  • $104Service charges on deposit accounts
  • $0Trading account gains & fees
  • $340Additional noninterest income
  • $4,308Total noninterest expense
  • $2,479Salaries and employee benefits
  • $581Premises and equipment expense
  • $1,248Additional noninterest expense
  • $802Pre-tax net operating income
  • $72Securities gains (losses)
  • $331Applicable income taxes
  • $543Income before extraordinary items
  • $0Extraordinary gains - net
  • $543Net income attributable to bank
  • $0Net charge-offs
  • $543Cash dividends
  • $26Sale, conversion, retirement of capital stock, net
  • $13Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 4.12%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 3.06%Return on equity (ROE)
  • 2.98%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 2000.00%Credit loss provision to net charge-offs
  • 50.85%Efficiency ratio
  • 76,519Assets per employee
  • 3.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 2.39%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 83.91%Net loans and leases to core deposits
  • 87.88%Equity capital to assets
  • 12.85%Core capital (leverage) ratio
  • 12.66%Tier 1 risk-based capital ratio
  • 14.64%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $142,680Average earning assets
  • $17,766Average equity
  • $125,823Average loans

List of branches

  • 6 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0473597First Green Bank18251 State Highway 441, Mount Dora, FL 32757Febuary 17, 2009Full Service Brick and Mortar
    1487506Clermont Branch1391 Citrus Tower Blvd, Clermont, FL 34711Febuary 17, 2009Full Service Brick and Mortar
    2510140Messenger Service1301 South Bay Street, Eustis, FL 32726July 17, 2009Limited Service Messenger
    3515154Messenger Service - Sumter County1301 South Bay Street, Eustis, FL 32726January 03, 2011Limited Service Messenger
    4515155Messenger Service - Marion County1301 South Bay Street, Eustis, FL 32726January 03, 2011Limited Service Messenger
    5529265Volusia County Branch175 W. Granada Boulevard, Ormond Beach, FL 32174Febuary 06, 2012Full Service Brick and Mortar

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