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



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Freedom Bank of America routing number info

Table of contents:
Freedom Bank of America
GeneralFDIC Certificate #: 57945
Status: Active
Federal Reserve ID: 3345065
Date Established: April 04, 2005
WWW: http://www.freedombank.com
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)18
Total assets$86,889
Cash and due from depository institutions$12,439
Interest-bearing balances$8,795
Securities$920
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$63,382
Loan loss allowance $1,435
Trading account assets$0
Bank premises and fixed assets$6,380
Other real estate owned$2,991
Goodwill and other intangibles$0
All other assets$777
Life insurance assets$86,889
Total liabilities and capital$81,843
Total liabilities$81,740
Total deposits$66,170
Interest-bearing deposits$81,740
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $103
All other liabilities $5,046
Total equity capital$5,046
Total bank equity capital$5,046
Perpetual preferred stock$0
Common stock$1,899
Surplus$14,133
Undivided profits $-10,986
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,074
Earning assets $0
Long-term assets (5+ years) $202
Average Assets, year-to-date $73,097
Average Assets, quarterly $20,107
Volatile liabilities $87,839
Insider loans $84,584
FHLB advances $73,119
Loans and leases held for sale $84,001
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,028
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,960
Derivatives$2,275
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,804
Total interest expense $776
Net interest income $3,028
Provision for loan and lease losses $263
Total noninterest income -$340
Fiduciary activities $0
Service charges on deposit accounts $35
Trading account gains & fees $0
Additional noninterest income -$375
Total noninterest expense $3,129
Salaries and employee benefits $1,317
Premises and equipment expense $653
Additional noninterest expense $1,159
Pre-tax net operating income -$704
Securities gains (losses) $0
Applicable income taxes -$6
Income before extraordinary items -$698
Extraordinary gains - net $0
Net income attributable to bank -$698
Net charge-offs $0
Cash dividends -$698
Sale, conversion, retirement of capital stock, net $477
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.13%
Cost of funding earning assets 1.05%
Net interest margin 4.08%
Noninterest income to earning assets -0.46%
Noninterest expense to earning assets 4.22%
Net operating income to assets -0.79%
Return on assets (ROA) -0.79%
Pretax return on assets -0.80%
Return on equity (ROE) -12.90%
Retained earnings to average equity (YTD only) -12.90%
Net charge-offs to loans 0.72%
Credit loss provision to net charge-offs 55.14%
Efficiency ratio-0.92%
Assets per employee$116,406
Cash dividends to net income (YTD only)4.83%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.21%
Noncurrent assets plus other real estate owned to assets 133.61%
Noncurrent loans to loans 4.68%
Net loans and leases to deposits1.66%
Net loans and leases to core deposits 77.54%
Equity capital to assets 84.78%
Core capital (leverage) ratio 5.81%
Tier 1 risk-based capital ratio 5.99%
Total risk-based capital ratio 6.88%
Memoranda
Average assets$8
Average earning assets$87,839
Average equity $5,409
Average loans $74,193
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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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