FDIC Certificate #: 35304 Status: Active Federal Reserve ID: 2896216 Bank Holding Company (Regulatory Top Holder): Reserve Financial Associates, Llc (RSSDID: 3488234, Location: Melbourne, FL) Date Established: March 15, 2000 WWW:http://www.floridabusinessbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 77694 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: March 15, 2000 Last Structure Change Effective Date: December 11, 2007 Last Structure Change Process Date: April 01, 2008 Last Data Update: April 01, 2008 Data Source Date: April 05, 2012
Location
Address: 340 North Harbor City Boulevard, Melbourne, FL 32935 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)
Financial Summary
Total assets: $109.5 mil Equity capital: $13.3 mil Deposits held in domestic offices: $95.7 mil Return on assets (ROA): -1.07% (-$1.2 mil) Quarterly return on assets: 0.28% ($0.3 mil) Return on Equity (ROE): -9.17% (-$1.2 mil) Quarterly return on equity: 2.45% ($0.3 mil) Net income: -$1.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: -1.74% (-$1,904.9 mil) Quarterly Pretax return on assets: 0.45% ($492.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
20Total employees (full-time equivalent)
$109,479Total assets
$3,993Cash and due from depository institutions
$2,369Interest-bearing balances
$33,417Securities
$0Federal funds sold & reverse repurchase agreements
$63,804Net loans & leases
$1,627Loan loss allowance
$0Trading account assets
$3,341Bank premises and fixed assets
$844Other real estate owned
$0Goodwill and other intangibles
$109,479Life insurance assets
$4,080All other assets
$96,206Total liabilities and capital
$95,738Total liabilities
$82,111Total deposits
$95,738Interest-bearing deposits
$85Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$468Subordinated debt
$13,273All other liabilities
$13,273Total equity capital
$13,273Total bank equity capital
$0Perpetual preferred stock
$3,577Common stock
$36,247Surplus
$-26,551Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,694Income earned, not collected on loans
$0Earning assets
$376Long-term assets (5+ years)
$99,590Average Assets, year-to-date
$36,670Average Assets, quarterly
$119,080Volatile liabilities
$115,515Insider loans
$65,995FHLB advances
$112,440Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$11,280Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,009Restructured Loans and leases
$3,499Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,393Total interest income
$1,418Total interest expense
$2,975Net interest income
$303Provision for loan and lease losses
-$376Total noninterest income
$0Fiduciary activities
$49Service charges on deposit accounts
$0Trading account gains & fees
-$425Additional noninterest income
$4,868Total noninterest expense
$1,487Salaries and employee benefits
$321Premises and equipment expense
$3,060Additional noninterest expense
-$2,572Pre-tax net operating income
$499Securities gains (losses)
-$796Applicable income taxes
-$1,277Income before extraordinary items
$0Extraordinary gains - net
-$1,277Net income attributable to bank
$0Net charge-offs
-$1,277Cash dividends
$905Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.11%Yield on earning assets
1.33%Cost of funding earning assets
2.78%Net interest margin
-0.35%Noninterest income to earning assets
4.55%Noninterest expense to earning assets
-1.34%Net operating income to assets
-1.07%Return on assets (ROA)
-1.74%Pretax return on assets
-9.17%Return on equity (ROE)
-9.17%Retained earnings to average equity (YTD only)
1.34%Net charge-offs to loans
33.48%Credit loss provision to net charge-offs
-2.51%Efficiency ratio
187,303Assets per employee
5.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.49%Loss allowance to noncurrent loans
60.39%Noncurrent assets plus other real estate owned to assets
3.23%Noncurrent loans to loans
4.12%Net loans and leases to deposits
66.64%Net loans and leases to core deposits
71.46%Equity capital to assets
12.12%Core capital (leverage) ratio
10.03%Tier 1 risk-based capital ratio
17.09%Total risk-based capital ratio
Memoranda
$18Average assets
$119,080Average earning assets
$13,932Average equity
$106,944Average loans
List of branches
1 Florida Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
77694
Florida Business Bank
340 North Harbor City Boulevard, Melbourne, FL 32935
March 15, 2000
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Florida Business Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: