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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