First Priority Bank in city_name, state_name - Detailed Financial Reports, Location

First Priority Bank in Bradenton, Florida (FL)
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First Priority Bank - Overview

General
FDIC Certificate #: 57523
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: SunTrust Bank (#867)
Federal Reserve ID: 3225411
Date Established: December 08, 2003
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
FDIC's unique #: 364860
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: December 08, 2003
Last Structure Change Effective Date: August 01, 2008
Last Structure Change Process Date: August 01, 2008
Last Data Update: August 01, 2008
Data Source Date: April 05, 2012
Location
Address: 4702 Cortez Road West, Bradenton, FL 34207
County: Manatee
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): Sarasota-Bradenton, FL (#7510)
Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
Financial Summary
Total assets: $258.6 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, 2007)

Dollar figures in thousands
70Total employees (full-time equivalent)
$262,563Total assets
$4,637Cash and due from depository institutions
$84Interest-bearing balances
$42,637Securities
$2,101Federal funds sold & reverse repurchase agreements
$196,563Net loans & leases
$11,309Loan loss allowance
$0Trading account assets
$14,037Bank premises and fixed assets
$0Other real estate owned
$42Goodwill and other intangibles
$0Life insurance assets
$2,546All other assets
$262,563Total liabilities and capital
$248,183Total liabilities
$231,389Total deposits
$224,835Interest-bearing deposits
$231,389Deposits held in domestic offices
0.00%% insured (estimated)
$6,500Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,013Other borrowed funds
$0Subordinated debt
$1,281All other liabilities
$14,380Total equity capital
$14,380Total bank equity capital
$14,380Perpetual preferred stock
$0Common stock
$14,660Surplus
$20,638Undivided profits
Memoranda
$-20,918Noncurrent loans and leases
$49,469Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$33,759Earning assets
$0Long-term assets (5+ years)
$1,326Average Assets, year-to-date
$241,385Average Assets, quarterly
$51,357Volatile liabilities
$260,694Insider loans
$269,391FHLB advances
$71,711Loans and leases held for sale
$3,405Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$49,469Total unused commitments
$0Restructured Loans and leases
$3,072Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$17,886Total interest income
$11,324Total interest expense
$6,562Net interest income
$14,063Provision for loan and lease losses
-$1,021Total noninterest income
$0Fiduciary activities
$41Service charges on deposit accounts
$0Trading account gains & fees
-$1,062Additional noninterest income
$9,395Total noninterest expense
$4,635Salaries and employee benefits
$2,246Premises and equipment expense
$2,514Additional noninterest expense
-$17,917Pre-tax net operating income
$19Securities gains (losses)
$1,099Applicable income taxes
-$18,997Income before extraordinary items
$0Extraordinary gains - net
-$18,997Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5,736Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.33%Yield on earning assets
4.64%Cost of funding earning assets
2.69%Net interest margin
-0.42%Noninterest income to earning assets
3.85%Noninterest expense to earning assets
-7.29%Net operating income to assets
-7.29%Return on assets (ROA)
-6.87%Pretax return on assets
-67.32%Return on equity (ROE)
-67.32%Retained earnings to average equity (YTD only)
2.83%Net charge-offs to loans
245.17%Credit loss provision to net charge-offs
-0.67%Efficiency ratio
169,554Assets per employee
3.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.44%Loss allowance to noncurrent loans
33.50%Noncurrent assets plus other real estate owned to assets
12.86%Noncurrent loans to loans
16.24%Net loans and leases to deposits
84.95%Net loans and leases to core deposits
118.28%Equity capital to assets
5.48%Core capital (leverage) ratio
5.20%Tier 1 risk-based capital ratio
6.05%Total risk-based capital ratio
Memoranda
$7Average assets
$260,694Average earning assets
$28,218Average equity
$244,131Average loans

Michael Pusey

⚠

Jan 19, 2022 @ 9:09 am

I possess 500 shares of stock. Can you tell me if it is of any value and how I can go about selling the stock?

First Priority Bank in Bradenton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Priority Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Comment about this bank, ask questions, or add new information about it:

First Priority Bank in Bradenton, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Priority Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Comment about this bank, ask questions, or add new information about it:

First Priority Bank in Bradenton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches