Florida Business Bank in Melbourne, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Florida Business Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    077694Florida Business Bank340 North Harbor City Boulevard, Melbourne, FL 32935March 15, 2000Full Service Brick and Mortar

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