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- Banks in Florida (FL)
- Haven Trust Bank Florida
Haven Trust Bank Florida in Ponte Vedra Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of September 24, 2010
- Haven Trust Bank Florida in Ponte Vedra Beach, Florida (FL)
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Haven Trust Bank Florida - Overview
- General
- FDIC Certificate #: 58308
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: First Southern Bank (#27044)
Federal Reserve ID: 3448836
Date Established: August 29, 2006
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 445957
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: August 29, 2006
Last Structure Change Effective Date: September 24, 2010
Last Structure Change Process Date: September 27, 2010
Last Data Update: September 27, 2010
Data Source Date: April 05, 2012 - Location
- Address: 212 Ponte Vedra Park Drive, Ponte Vedra Beach, FL 32082
County: St. Johns
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): Jacksonville, FL (#3600)
Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
CBSA Metro Statistical Area: Jacksonville, FL (#27260) - Financial Summary
- Total assets: $148.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
- Dollar figures in thousands
- 22Total employees (full-time equivalent)
- $164,333Total assets
- $14,355Cash and due from depository institutions
- $13,318Interest-bearing balances
- $6,283Securities
- $2,322Federal funds sold & reverse repurchase agreements
- $121,580Net loans & leases
- $6,733Loan loss allowance
- $0Trading account assets
- $7,427Bank premises and fixed assets
- $10,030Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $2,336All other assets
- $164,333Total liabilities and capital
- $157,963Total liabilities
- $146,434Total deposits
- $141,273Interest-bearing deposits
- $146,434Deposits held in domestic offices
- 84.77%% insured (estimated)
- $0Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $11,000Other borrowed funds
- $0Subordinated debt
- $529All other liabilities
- $6,370Total equity capital
- $6,370Total bank equity capital
- $6,370Perpetual preferred stock
- $0Common stock
- $10,000Surplus
- $16,839Undivided profits
- Memoranda
- $-20,469Noncurrent loans and leases
- $4,712Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $20,996Earning assets
- $0Long-term assets (5+ years)
- $653Average Assets, year-to-date
- $143,503Average Assets, quarterly
- $20,380Volatile liabilities
- $169,287Insider loans
- $167,043FHLB advances
- $64,382Loans and leases held for sale
- $5,150Unused loan commitments
- $11,000Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $4,712Total unused commitments
- $5,683Restructured Loans and leases
- $1,886Derivatives
Income and Expense (December 31, 2009)
- Dollar figures in thousands
- $8,480Total interest income
- $4,851Total interest expense
- $3,629Net interest income
- $9,395Provision for loan and lease losses
- $99Total noninterest income
- $0Fiduciary activities
- $55Service charges on deposit accounts
- $0Trading account gains & fees
- $44Additional noninterest income
- $5,477Total noninterest expense
- $1,875Salaries and employee benefits
- $658Premises and equipment expense
- $2,944Additional noninterest expense
- -$11,144Pre-tax net operating income
- $0Securities gains (losses)
- $0Applicable income taxes
- -$11,144Income before extraordinary items
- $0Extraordinary gains - net
- -$11,144Net income attributable to bank
- $0Net charge-offs
- -$11,144Cash dividends
- $5,862Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2009)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 5.48%Yield on earning assets
- 3.13%Cost of funding earning assets
- 2.34%Net interest margin
- 0.06%Noninterest income to earning assets
- 3.54%Noninterest expense to earning assets
- -6.58%Net operating income to assets
- -6.58%Return on assets (ROA)
- -6.58%Pretax return on assets
- -101.29%Return on equity (ROE)
- -101.29%Retained earnings to average equity (YTD only)
- 4.28%Net charge-offs to loans
- 160.27%Credit loss provision to net charge-offs
- -0.30%Efficiency ratio
- 146,915Assets per employee
- 7.47%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 5.25%Loss allowance to noncurrent loans
- 32.07%Noncurrent assets plus other real estate owned to assets
- 18.88%Noncurrent loans to loans
- 16.36%Net loans and leases to deposits
- 83.03%Net loans and leases to core deposits
- 130.66%Equity capital to assets
- 3.88%Core capital (leverage) ratio
- 3.77%Tier 1 risk-based capital ratio
- 4.40%Total risk-based capital ratio
- Memoranda
- $6Average assets
- $169,287Average earning assets
- $11,002Average equity
- $154,818Average loans
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- Banks in Florida (FL)
- Haven Trust Bank Florida
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