Florida Traditions Bank in Dade City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Florida Traditions Bank - Overview

  • General
  • FDIC Certificate #: 58682
    Status: Active
    Federal Reserve ID: 3671250
    Date Established: December 10, 2007
    WWW: http://www.fltraditionsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 4, Interstate: No)
    FDIC's unique #: 462770
    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: December 10, 2007
    Last Structure Change Effective Date: May 30, 2009
    Last Structure Change Process Date: June 08, 2009
    Last Data Update: June 08, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 14033 8th Street, Dade City, FL 33525
    County: Pasco
    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): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $241.0 mil
    Equity capital: $33.1 mil
    Deposits held in domestic offices: $205.4 mil
    Return on assets (ROA): 0.49% ($1.2 mil)
    Quarterly return on assets: 0.45% ($1.1 mil)
    Return on Equity (ROE): 4.00% ($1.3 mil)
    Quarterly return on equity: 3.30% ($1.1 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.80% ($1,927.9 mil)
    Quarterly Pretax return on assets: 0.74% ($1,783.3 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
  • 53Total employees (full-time equivalent)
  • $240,989Total assets
  • $22,741Cash and due from depository institutions
  • $20,433Interest-bearing balances
  • $17,301Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $181,154Net loans & leases
  • $3,156Loan loss allowance
  • $0Trading account assets
  • $11,415Bank premises and fixed assets
  • $707Other real estate owned
  • $0Goodwill and other intangibles
  • $240,989Life insurance assets
  • $7,671All other assets
  • $207,902Total liabilities and capital
  • $205,399Total liabilities
  • $181,454Total deposits
  • $205,399Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 2369.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $134Subordinated debt
  • $33,087All other liabilities
  • $33,087Total equity capital
  • $33,087Total bank equity capital
  • $8,800Perpetual preferred stock
  • $12,779Common stock
  • $12,930Surplus
  • $-1,422Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,035Income earned, not collected on loans
  • $0Earning assets
  • $668Long-term assets (5+ years)
  • $218,888Average Assets, year-to-date
  • $40,290Average Assets, quarterly
  • $222,761Volatile liabilities
  • $240,555Insider loans
  • $208,737FHLB advances
  • $241,158Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,788Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,043Restructured Loans and leases
  • $10,744Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,658Total interest income
  • $2,346Total interest expense
  • $8,312Net interest income
  • $1,438Provision for loan and lease losses
  • $820Total noninterest income
  • $0Fiduciary activities
  • $251Service charges on deposit accounts
  • $0Trading account gains & fees
  • $569Additional noninterest income
  • $6,008Total noninterest expense
  • $3,344Salaries and employee benefits
  • $1,038Premises and equipment expense
  • $1,626Additional noninterest expense
  • $1,686Pre-tax net operating income
  • $93Securities gains (losses)
  • $691Applicable income taxes
  • $1,088Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,088Net income attributable to bank
  • $0Net charge-offs
  • $1,088Cash dividends
  • $514Sale, conversion, retirement of capital stock, net
  • $19Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 2.91%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 4.00%Return on equity (ROE)
  • 3.93%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 279.77%Credit loss provision to net charge-offs
  • 6.08%Efficiency ratio
  • 65,791Assets per employee
  • 4.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1.75%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 304.93%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 0.56%Net loans and leases to deposits
  • 88.20%Net loans and leases to core deposits
  • 99.37%Equity capital to assets
  • 13.73%Core capital (leverage) ratio
  • 13.18%Tier 1 risk-based capital ratio
  • 15.23%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $222,761Average earning assets
  • $27,203Average equity
  • $206,196Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0462770Florida Traditions Bank14033 8th Street, Dade City, FL 33525December 10, 2007Full Service Brick and Mortar
    1474397Spring Hill Branch4301 Barclay Avenue, Spring Hill, FL 34609May 07, 2008Full Service Brick and Mortar
    2476956Zephyrhills Branch37741 Eiland Blvd, Zephyrhills, FL 33542June 09, 2008Full Service Brick and Mortar
    4437010Providence Bank Branch1606 1st Street South, Winter Haven, FL 33880September 30, 2005Full Service Brick and Mortar
    6528879Lakeland Branch440 South Florida Avenue, Lakeland, FL 33801Febuary 21, 2012Full Service Brick and Mortar

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