Heartland National Bank in Sebring, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Heartland National Bank - Overview

  • General
  • FDIC Certificate #: 35052
    Status: Active
    Federal Reserve ID: 2800491
    Bank Holding Company (Regulatory Top Holder): Heartland Bancshares, Inc. (RSSDID: 2800482, Location: Sebring, FL)
    Date Established: September 07, 1999
    WWW: http://www.heartlandnb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 74356
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 07, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: July 06, 2010
    Last Data Update: July 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 320 U.S. Highway 27 North, Sebring, FL 33870
    County: Highlands
    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
    Core Based Statistical Area (CBSA): Sebring, FL (#42700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $278.1 mil
    Equity capital: $25.3 mil
    Deposits held in domestic offices: $249.6 mil
    Return on assets (ROA): 0.48% ($1.3 mil)
    Quarterly return on assets: 0.05% ($0.1 mil)
    Return on Equity (ROE): 5.48% ($1.4 mil)
    Quarterly return on equity: 0.56% ($0.1 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.74% ($2,058.0 mil)
    Quarterly Pretax return on assets: 0.04% ($111.2 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
  • 51Total employees (full-time equivalent)
  • $278,103Total assets
  • $51,075Cash and due from depository institutions
  • $44,921Interest-bearing balances
  • $36,744Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $164,610Net loans & leases
  • $4,512Loan loss allowance
  • $0Trading account assets
  • $4,993Bank premises and fixed assets
  • $9,029Other real estate owned
  • $0Goodwill and other intangibles
  • $278,103Life insurance assets
  • $11,652All other assets
  • $252,830Total liabilities and capital
  • $249,627Total liabilities
  • $205,685Total deposits
  • $249,627Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 1357.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,846Subordinated debt
  • $25,273All other liabilities
  • $25,273Total equity capital
  • $25,273Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $10,906Surplus
  • $11,367Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,105Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,759Income earned, not collected on loans
  • $0Earning assets
  • $858Long-term assets (5+ years)
  • $246,275Average Assets, year-to-date
  • $31,545Average Assets, quarterly
  • $283,682Volatile liabilities
  • $279,228Insider loans
  • $184,647FHLB advances
  • $274,205Loans and leases held for sale
  • $5,895Unused loan commitments
  • $2,059Tier 1 (core) risk-based capital
  • $24,527Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,836Total unused commitments
  • $25,818Restructured Loans and leases
  • $6,027Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,677Total interest income
  • $1,658Total interest expense
  • $10,019Net interest income
  • $770Provision for loan and lease losses
  • $884Total noninterest income
  • $0Fiduciary activities
  • $332Service charges on deposit accounts
  • $0Trading account gains & fees
  • $552Additional noninterest income
  • $8,175Total noninterest expense
  • $3,060Salaries and employee benefits
  • $695Premises and equipment expense
  • $4,420Additional noninterest expense
  • $1,958Pre-tax net operating income
  • $134Securities gains (losses)
  • $724Applicable income taxes
  • $1,368Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,368Net income attributable to bank
  • $0Net charge-offs
  • $1,368Cash dividends
  • $1,825Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.59%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.21%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 5.48%Return on equity (ROE)
  • 5.48%Retained earnings to average equity (YTD only)
  • 1.05%Net charge-offs to loans
  • 42.19%Credit loss provision to net charge-offs
  • 1.49%Efficiency ratio
  • 74,979Assets per employee
  • 5.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.67%Loss allowance to noncurrent loans
  • 66.76%Noncurrent assets plus other real estate owned to assets
  • 5.68%Noncurrent loans to loans
  • 4.00%Net loans and leases to deposits
  • 65.94%Net loans and leases to core deposits
  • 69.14%Equity capital to assets
  • 9.09%Core capital (leverage) ratio
  • 8.94%Tier 1 risk-based capital ratio
  • 13.28%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $283,682Average earning assets
  • $24,979Average equity
  • $254,387Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074356Heartland National Bank320 U.S. Highway 27 North, Sebring, FL 33870September 07, 1999Full Service Brick and Mortar
    1290881Heartland Branch600 U.S. Highway 27 North, Lake Placid, FL 33862September 23, 1999Full Service Brick and Mortar
    2359908Avon Park Branch800 West Main Street, Avon Park, FL 33825March 26, 2001Full Service Brick and Mortar
    3440392North Sebring Branch5033 U S Hwy 27 N, Sebring, FL 33870April 13, 2005Full Service Brick and Mortar

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