Heritage Bank of Florida in Lutz, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Heritage Bank of Florida - Overview

  • General
  • FDIC Certificate #: 35009
    Status: Active
    Federal Reserve ID: 2837406
    Date Established: August 03, 1999
    WWW: http://www.heritagebankfl.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 73832
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 03, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 23000 State Road 54, Lutz, FL 33549
    County: Pasco
    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
    Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $237.9 mil
    Equity capital: $14.4 mil
    Deposits held in domestic offices: $218.7 mil
    Return on assets (ROA): -1.12% (-$2.7 mil)
    Quarterly return on assets: -0.38% (-$0.9 mil)
    Return on Equity (ROE): -18.47% (-$2.6 mil)
    Quarterly return on equity: -6.30% (-$0.9 mil)
    Net income: -$2.8 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -1.80% (-$4,282.5 mil)
    Quarterly Pretax return on assets: -0.61% (-$1,451.3 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
  • 40Total employees (full-time equivalent)
  • $237,919Total assets
  • $14,462Cash and due from depository institutions
  • $12,305Interest-bearing balances
  • $0Securities
  • $13,451Federal funds sold & reverse repurchase agreements
  • $186,876Net loans & leases
  • $8,774Loan loss allowance
  • $0Trading account assets
  • $4,521Bank premises and fixed assets
  • $11,165Other real estate owned
  • $0Goodwill and other intangibles
  • $237,919Life insurance assets
  • $7,444All other assets
  • $223,552Total liabilities and capital
  • $218,746Total liabilities
  • $205,657Total deposits
  • $218,746Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,507Trading liabilities
  • $0Other borrowed funds
  • $299Subordinated debt
  • $14,367All other liabilities
  • $14,367Total equity capital
  • $14,367Total bank equity capital
  • $0Perpetual preferred stock
  • $5,495Common stock
  • $7,839Surplus
  • $1,033Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,556Income earned, not collected on loans
  • $0Earning assets
  • $878Long-term assets (5+ years)
  • $212,632Average Assets, year-to-date
  • $701Average Assets, quarterly
  • $247,193Volatile liabilities
  • $242,320Insider loans
  • $184,760FHLB advances
  • $240,879Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,805Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,911Restructured Loans and leases
  • $4,403Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,961Total interest income
  • $3,214Total interest expense
  • $7,747Net interest income
  • $6,321Provision for loan and lease losses
  • -$111Total noninterest income
  • $0Fiduciary activities
  • $475Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$586Additional noninterest income
  • $5,766Total noninterest expense
  • $2,126Salaries and employee benefits
  • $606Premises and equipment expense
  • $3,034Additional noninterest expense
  • -$4,451Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,673Applicable income taxes
  • -$2,778Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,778Net income attributable to bank
  • $0Net charge-offs
  • -$2,778Cash dividends
  • $6,234Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 1.46%Cost of funding earning assets
  • 3.52%Net interest margin
  • -0.05%Noninterest income to earning assets
  • 2.62%Noninterest expense to earning assets
  • -1.12%Net operating income to assets
  • -1.12%Return on assets (ROA)
  • -1.80%Pretax return on assets
  • -18.47%Return on equity (ROE)
  • -18.47%Retained earnings to average equity (YTD only)
  • 3.06%Net charge-offs to loans
  • 101.40%Credit loss provision to net charge-offs
  • 0.30%Efficiency ratio
  • 75,511Assets per employee
  • 5.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.48%Loss allowance to noncurrent loans
  • 64.72%Noncurrent assets plus other real estate owned to assets
  • 10.39%Noncurrent loans to loans
  • 6.93%Net loans and leases to deposits
  • 85.43%Net loans and leases to core deposits
  • 89.24%Equity capital to assets
  • 6.04%Core capital (leverage) ratio
  • 4.07%Tier 1 risk-based capital ratio
  • 5.31%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $247,193Average earning assets
  • $15,039Average equity
  • $220,112Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    073832Heritage Bank Of Florida23000 State Road 54, Lutz, FL 33549August 03, 1999Full Service Brick and Mortar
    1363338West Tampa Branch3015 West Columbus Drive, Tampa, FL 33607Febuary 07, 2002Full Service Brick and Mortar
    2457582Wesley Chapel Branch28909 State Road 54, Wesley Chapel, FL 33543July 19, 2006Full Service Brick and Mortar

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