Harbor Community Bank, FSB in Indiantown, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Harbor Community Bank, FSB - Overview

  • General
  • FDIC Certificate #: 18149
    Status: Active
    Federal Reserve ID: 883137
    Date Established: January 23, 1960
    WWW: http://www.fboi.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 18139
    FDIC's unique #: 12070
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 23, 1960
    Last Structure Change Effective Date: August 10, 2011
    Last Structure Change Process Date: August 11, 2011
    Last Data Update: August 11, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 15588 Southwest Warfield Boulevard, Indiantown, FL 34956
    County: Martin
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Pierce-Port St. Lucie, FL (#2710)
    Combined Statistical Area (CSA): Port St. Lucie-Sebastian-Vero Beach, FL (#442)
    Core Based Statistical Area (CBSA): Port St. Lucie, FL (#38940)
    CBSA Metro Statistical Area: Port St. Lucie, FL (#38940)
  • History of Changes
  • Corrections
    Name Change
  • Financial Summary
  • Total assets: $153.1 mil
    Equity capital: $45.8 mil
    Deposits held in domestic offices: $96.7 mil
    Return on assets (ROA): 0.51% ($0.8 mil)
    Quarterly return on assets: 0.31% ($0.5 mil)
    Return on Equity (ROE): 1.79% ($0.8 mil)
    Quarterly return on equity: 1.00% ($0.5 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.82% ($1,255.2 mil)
    Quarterly Pretax return on assets: 0.74% ($1,132.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 63Total employees (full-time equivalent)
  • $153,071Total assets
  • $10,208Cash and due from depository institutions
  • $2,875Interest-bearing balances
  • $49,565Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $81,972Net loans & leases
  • $469Loan loss allowance
  • $0Trading account assets
  • $4,088Bank premises and fixed assets
  • $82Other real estate owned
  • $1,846Goodwill and other intangibles
  • $153,071Life insurance assets
  • $5,310All other assets
  • $107,226Total liabilities and capital
  • $96,706Total liabilities
  • $71,469Total deposits
  • $96,706Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $520Subordinated debt
  • $45,845All other liabilities
  • $45,845Total equity capital
  • $45,845Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $44,747Surplus
  • $1,097Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,810Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,621Income earned, not collected on loans
  • $0Earning assets
  • $560Long-term assets (5+ years)
  • $134,412Average Assets, year-to-date
  • $53,169Average Assets, quarterly
  • $136,302Volatile liabilities
  • $146,870Insider loans
  • $99,174FHLB advances
  • $144,412Loans and leases held for sale
  • $1,524Unused loan commitments
  • $1,524Tier 1 (core) risk-based capital
  • $43,597Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,740Restructured Loans and leases
  • $529Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,255Total interest income
  • $389Total interest expense
  • $5,866Net interest income
  • $469Provision for loan and lease losses
  • $901Total noninterest income
  • $0Fiduciary activities
  • $253Service charges on deposit accounts
  • $0Trading account gains & fees
  • $648Additional noninterest income
  • $5,474Total noninterest expense
  • $3,258Salaries and employee benefits
  • $557Premises and equipment expense
  • $1,659Additional noninterest expense
  • $824Pre-tax net operating income
  • $289Securities gains (losses)
  • $419Applicable income taxes
  • $694Income before extraordinary items
  • $0Extraordinary gains - net
  • $694Net income attributable to bank
  • $0Net charge-offs
  • $694Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 0.32%Cost of funding earning assets
  • 4.83%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 4.51%Noninterest expense to earning assets
  • 0.37%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 1.79%Return on equity (ROE)
  • 1.79%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 77,095Assets per employee
  • 2.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.57%Loss allowance to noncurrent loans
  • 17.89%Noncurrent assets plus other real estate owned to assets
  • 1.77%Noncurrent loans to loans
  • 3.18%Net loans and leases to deposits
  • 84.76%Net loans and leases to core deposits
  • 94.30%Equity capital to assets
  • 29.95%Core capital (leverage) ratio
  • 30.19%Tier 1 risk-based capital ratio
  • 43.96%Total risk-based capital ratio
  • Memoranda
  • $44Average assets
  • $136,302Average earning assets
  • $38,681Average equity
  • $121,433Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $24,825Managed Assets
  • 1Number of Accounts
  • $2,125Personal trust and agency accounts
  • $2,125Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 15Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $22,700Other retirement accounts
  • $22,385Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $315Fiduciary accounts held in foreign offices

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012070Harbor Community Bank, Fsb15588 Southwest Warfield Boulevard, Indiantown, FL 34956January 23, 1960Full Service Brick and Mortar
    2244025Palm City Branch2991 Sw High Meadows Avenue, Palm City, FL 34990Febuary 23, 1987Full Service Brick and Mortar
    3244026The Okeechobee Branch205 East North Park Street, Okeechobee, FL 34972August 02, 1999Full Service Brick and Mortar
    4363086Messenger Service15588 Sw Warfield Boulevard, Indiantown, FL 34956January 12, 2000Limited Service Messenger
    5429972Lakeport Branch1205 East State Road 78, Building A, Moore Haven, FL 33471April 15, 2004Full Service Brick and Mortar

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