Harbor Federal Savings Bank in Fort Pierce, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 17, 2007

  • Harbor Federal Savings Bank in Fort Pierce, Florida (FL)
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Harbor Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29307
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National City Bank (#6557)
    Federal Reserve ID: 39372
    Date Established: January 01, 1934
    WWW: http://www.harborfederal.com
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3257
    FDIC's unique #: 42141
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 11, 1935
    Last Structure Change Effective Date: March 17, 2007
    Last Structure Change Process Date: March 27, 2007
    Last Data Update: March 27, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 South Second Street, Fort Pierce, FL 34950
    County: St. Lucie
    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)
  • Financial Summary
  • Total assets: $4,373.1 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, 2006)

  • Dollar figures in thousands
  • 696Total employees (full-time equivalent)
  • $4,373,131Total assets
  • $70,289Cash and due from depository institutions
  • $2,883Interest-bearing balances
  • $385,571Securities
  • $367,161Federal funds sold & reverse repurchase agreements
  • $2,674,961Net loans & leases
  • $12,032Loan loss allowance
  • $0Trading account assets
  • $87,137Bank premises and fixed assets
  • $785Other real estate owned
  • $733,047Goodwill and other intangibles
  • $0Life insurance assets
  • $54,180All other assets
  • $4,373,132Total liabilities and capital
  • $3,282,052Total liabilities
  • $2,276,000Total deposits
  • $1,932,215Interest-bearing deposits
  • $2,276,000Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $312,237Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $614,679Other borrowed funds
  • $0Subordinated debt
  • $79,136All other liabilities
  • $1,091,080Total equity capital
  • $1,091,080Total bank equity capital
  • $1,091,080Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $1,085,137Undivided profits
  • Memoranda
  • $5,942Noncurrent loans and leases
  • $486,999Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,258Earning assets
  • $0Long-term assets (5+ years)
  • $16,596Average Assets, year-to-date
  • $3,430,576Average Assets, quarterly
  • $0Volatile liabilities
  • $3,426,730Insider loans
  • $3,820,512FHLB advances
  • $1,742,834Loans and leases held for sale
  • $8,362Unused loan commitments
  • $614,679Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $486,999Total unused commitments
  • $675Restructured Loans and leases
  • $12,032Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $51,850Total interest income
  • $27,692Total interest expense
  • $24,158Net interest income
  • -$8,090Provision for loan and lease losses
  • $5,682Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,682Additional noninterest income
  • $18,753Total noninterest expense
  • $11,738Salaries and employee benefits
  • $3,797Premises and equipment expense
  • $3,218Additional noninterest expense
  • $19,177Pre-tax net operating income
  • $918Securities gains (losses)
  • $8,165Applicable income taxes
  • $11,930Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,930Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $722Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.68%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 0.78%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 0.61%Noninterest expense to earning assets
  • 0.33%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.59%Pretax return on assets
  • 2.52%Return on equity (ROE)
  • 2.52%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • -1120.50%Credit loss provision to net charge-offs
  • 15.36%Efficiency ratio
  • 60,801Assets per employee
  • 6.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.45%Loss allowance to noncurrent loans
  • 228.83%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 117.53%Net loans and leases to core deposits
  • 183.21%Equity capital to assets
  • 24.95%Core capital (leverage) ratio
  • 9.95%Tier 1 risk-based capital ratio
  • 16.72%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $3,426,730Average earning assets
  • $473,152Average equity
  • $3,086,349Average loans

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