Freedom Bank of America in Saint Petersburg, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Freedom Bank of America in Saint Petersburg, Florida (FL)
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Freedom Bank of America - Overview

  • General
  • FDIC Certificate #: 57945
    Status: Active
    Federal Reserve ID: 3345065
    Date Established: April 04, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 432280
    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: April 04, 2005
    Last Structure Change Effective Date: May 22, 2006
    Last Structure Change Process Date: June 14, 2006
    Last Data Update: June 14, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1200 4th Street North, Saint Petersburg, FL 33701
    County: Pinellas
    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
  • Change in Location
  • Financial Summary
  • Total assets: $86.9 mil
    Equity capital: $5.0 mil
    Deposits held in domestic offices: $81.7 mil
    Return on assets (ROA): -0.79% (-$0.7 mil)
    Quarterly return on assets: -1.31% (-$1.1 mil)
    Return on Equity (ROE): -12.90% (-$0.6 mil)
    Quarterly return on equity: -21.37% (-$1.1 mil)
    Net income: -$0.7 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -0.80% (-$695.1 mil)
    Quarterly Pretax return on assets: -1.30% (-$1,129.6 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, 2011)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $86,889Total assets
  • $12,439Cash and due from depository institutions
  • $8,795Interest-bearing balances
  • $920Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $63,382Net loans & leases
  • $1,435Loan loss allowance
  • $0Trading account assets
  • $6,380Bank premises and fixed assets
  • $2,991Other real estate owned
  • $0Goodwill and other intangibles
  • $86,889Life insurance assets
  • $777All other assets
  • $81,843Total liabilities and capital
  • $81,740Total liabilities
  • $66,170Total deposits
  • $81,740Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $103Subordinated debt
  • $5,046All other liabilities
  • $5,046Total equity capital
  • $5,046Total bank equity capital
  • $0Perpetual preferred stock
  • $1,899Common stock
  • $14,133Surplus
  • $-10,986Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,074Income earned, not collected on loans
  • $0Earning assets
  • $202Long-term assets (5+ years)
  • $73,097Average Assets, year-to-date
  • $20,107Average Assets, quarterly
  • $87,839Volatile liabilities
  • $84,584Insider loans
  • $73,119FHLB advances
  • $84,001Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,028Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,960Restructured Loans and leases
  • $2,275Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,804Total interest income
  • $776Total interest expense
  • $3,028Net interest income
  • $263Provision for loan and lease losses
  • -$340Total noninterest income
  • $0Fiduciary activities
  • $35Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$375Additional noninterest income
  • $3,129Total noninterest expense
  • $1,317Salaries and employee benefits
  • $653Premises and equipment expense
  • $1,159Additional noninterest expense
  • -$704Pre-tax net operating income
  • $0Securities gains (losses)
  • -$6Applicable income taxes
  • -$698Income before extraordinary items
  • $0Extraordinary gains - net
  • -$698Net income attributable to bank
  • $0Net charge-offs
  • -$698Cash dividends
  • $477Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 4.08%Net interest margin
  • -0.46%Noninterest income to earning assets
  • 4.22%Noninterest expense to earning assets
  • -0.79%Net operating income to assets
  • -0.79%Return on assets (ROA)
  • -0.80%Pretax return on assets
  • -12.90%Return on equity (ROE)
  • -12.90%Retained earnings to average equity (YTD only)
  • 0.72%Net charge-offs to loans
  • 55.14%Credit loss provision to net charge-offs
  • -0.92%Efficiency ratio
  • 116,406Assets per employee
  • 4.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.21%Loss allowance to noncurrent loans
  • 133.61%Noncurrent assets plus other real estate owned to assets
  • 4.68%Noncurrent loans to loans
  • 1.66%Net loans and leases to deposits
  • 77.54%Net loans and leases to core deposits
  • 84.78%Equity capital to assets
  • 5.81%Core capital (leverage) ratio
  • 5.99%Tier 1 risk-based capital ratio
  • 6.88%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $87,839Average earning assets
  • $5,409Average equity
  • $74,193Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0432280Freedom Bank Of America1200 4th Street North, Saint Petersburg, FL 33701April 04, 2005Full Service Brick and Mortar
    1451756Messenger Service1200 4th Street North, Saint Petersburg, FL 33701May 22, 2006Limited Service Messenger
    2454716Operations Branch9700 Koger Blvd, Saint Petersburg, FL 33702April 04, 2005Limited Service Administrative
    3468177Koger Branch9700 Koger Boulevard, Saint Petersburg, FL 33702September 13, 2007Full Service Brick and Mortar

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