Floridian Bank in Daytona Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Floridian Bank - Overview

  • General
  • FDIC Certificate #: 58173
    Status: Active
    Federal Reserve ID: 3383601
    Bank Holding Company (Regulatory Top Holder): Floridian Financial Group, Inc. (RSSDID: 3383610, Location: Lake Mary, FL)
    Date Established: March 20, 2006
    WWW: http://www.floridianbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 441333
    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 20, 2006
    Last Structure Change Effective Date: March 19, 2007
    Last Structure Change Process Date: March 26, 2007
    Last Data Update: March 26, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1696 North Clyde Morris Boulevard, Daytona Beach, FL 32117
    County: Volusia
    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): Daytona Beach, FL (#2020)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660)
    CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $145.8 mil
    Equity capital: $13.6 mil
    Deposits held in domestic offices: $125.7 mil
    Return on assets (ROA): -0.03% (-$0.0 mil)
    Quarterly return on assets: -0.33% (-$0.5 mil)
    Return on Equity (ROE): -0.40% (-$0.1 mil)
    Quarterly return on equity: -3.58% (-$0.5 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.25% ($364.6 mil)
    Quarterly Pretax return on assets: 0.38% ($554.2 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
  • 23Total employees (full-time equivalent)
  • $145,833Total assets
  • $11,537Cash and due from depository institutions
  • $9,965Interest-bearing balances
  • $15,098Securities
  • $100Federal funds sold & reverse repurchase agreements
  • $106,444Net loans & leases
  • $1,650Loan loss allowance
  • $0Trading account assets
  • $5,237Bank premises and fixed assets
  • $757Other real estate owned
  • $0Goodwill and other intangibles
  • $145,833Life insurance assets
  • $6,660All other assets
  • $132,203Total liabilities and capital
  • $125,727Total liabilities
  • $97,882Total deposits
  • $125,727Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 6002.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $474Subordinated debt
  • $13,630All other liabilities
  • $13,630Total equity capital
  • $13,630Total bank equity capital
  • $0Perpetual preferred stock
  • $8,750Common stock
  • $12,552Surplus
  • $-7,672Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,310Income earned, not collected on loans
  • $0Earning assets
  • $411Long-term assets (5+ years)
  • $131,607Average Assets, year-to-date
  • $18,177Average Assets, quarterly
  • $148,855Volatile liabilities
  • $147,740Insider loans
  • $119,504FHLB advances
  • $150,810Loans and leases held for sale
  • $3,760Unused loan commitments
  • $1,374Tier 1 (core) risk-based capital
  • $13,495Tier 2 risk-based capital
  • $2,386Total risk weighted assets
  • $0Total unused commitments
  • $28,894Restructured Loans and leases
  • $2,816Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,877Total interest income
  • $1,056Total interest expense
  • $4,821Net interest income
  • $300Provision for loan and lease losses
  • $425Total noninterest income
  • $0Fiduciary activities
  • $192Service charges on deposit accounts
  • $0Trading account gains & fees
  • $233Additional noninterest income
  • $4,570Total noninterest expense
  • $2,250Salaries and employee benefits
  • $683Premises and equipment expense
  • $1,637Additional noninterest expense
  • $376Pre-tax net operating income
  • $0Securities gains (losses)
  • $428Applicable income taxes
  • -$52Income before extraordinary items
  • $0Extraordinary gains - net
  • -$52Net income attributable to bank
  • $0Net charge-offs
  • -$52Cash dividends
  • $892Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • -0.03%Net operating income to assets
  • -0.03%Return on assets (ROA)
  • 0.25%Pretax return on assets
  • -0.40%Return on equity (ROE)
  • -0.40%Retained earnings to average equity (YTD only)
  • 0.84%Net charge-offs to loans
  • 33.63%Credit loss provision to net charge-offs
  • 0.76%Efficiency ratio
  • 87,114Assets per employee
  • 6.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 71.43%Noncurrent assets plus other real estate owned to assets
  • 2.10%Noncurrent loans to loans
  • 2.14%Net loans and leases to deposits
  • 84.66%Net loans and leases to core deposits
  • 93.56%Equity capital to assets
  • 9.35%Core capital (leverage) ratio
  • 8.95%Tier 1 risk-based capital ratio
  • 11.29%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $148,855Average earning assets
  • $12,862Average equity
  • $132,907Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441333Floridian Bank1696 North Clyde Morris Boulevard, Daytona Beach, FL 32117March 20, 2006Full Service Brick and Mortar
    1451776Messenger Service299 West Granada Boulevard, Suite C, Ormond Beach, FL 32174April 17, 2006Limited Service Messenger
    2461705Palm Coast Branch7 Boulder Rock Drive, Palm Coast, FL 32137March 26, 2007Full Service Brick and Mortar
    3465767Ormond Branch299 W. Granada Blvd. Suite C, Ormond Beach, FL 32174March 20, 2006Full Service Brick and Mortar
    4475988Port Orange Branch4720 Clyde Morris Boulevard, Port Orange, FL 32129June 02, 2008Full Service Brick and Mortar

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