Highlands Independent Bank in Sebring, Florida (FL)



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Highlands Independent Bank routing number info

Table of contents:
Highlands Independent Bank
GeneralFDIC Certificate #: 26428
Status: Active
Federal Reserve ID: 659538
Bank Holding Company (Regulatory Top Holder): Highlands Independent Bancshares, Inc. (RSSDID: 2638014, Location: Sebring, FL)
Date Established: November 01, 1985
WWW: http://www.highlandsindependentbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 10432
FDIC's unique #: 33047
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: November 01, 1985
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
LocationAddress: 2600 U.S. Highway 27, North, Sebring, FL 33871
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $260.6 mil
Equity capital: $17.7 mil
Deposits held in domestic offices: $240.6 mil
Return on assets (ROA): -1.20% (-$3.1 mil)
Quarterly return on assets: -3.26% (-$8.5 mil)
Return on Equity (ROE): -16.38% (-$2.9 mil)
Quarterly return on equity: -45.45% (-$8.2 mil)
Net income: -$3.3 mil
Quarterly Net income: -$2.1 mil
Pretax return on assets: -1.20% (-$3,126.8 mil)
Quarterly Pretax return on assets: -3.29% (-$8,572.7 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)77
Total assets$260,569
Cash and due from depository institutions$29,313
Interest-bearing balances$10,642
Securities$44,191
Federal funds sold & reverse repurchase agreements$7,966
Net loans & leases$154,298
Loan loss allowance $9,871
Trading account assets$0
Bank premises and fixed assets$6,425
Other real estate owned$11,199
Goodwill and other intangibles$0
All other assets$7,177
Life insurance assets$260,569
Total liabilities and capital$242,887
Total liabilities$240,638
Total deposits$176,453
Interest-bearing deposits$240,638
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$291
Other borrowed funds $0
Subordinated debt $1,958
All other liabilities $17,682
Total equity capital$17,682
Total bank equity capital$17,682
Perpetual preferred stock$0
Common stock$2,993
Surplus$13,966
Undivided profits $723
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $14,906
Earning assets $0
Long-term assets (5+ years) $884
Average Assets, year-to-date $217,097
Average Assets, quarterly $36,770
Volatile liabilities $274,907
Insider loans $262,402
FHLB advances $172,886
Loans and leases held for sale $265,312
Unused loan commitments $4,543
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $16,535
Total risk weighted assets $2,548
Total unused commitments $1,995
Restructured Loans and leases $24,816
Derivatives$3,594
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,575
Total interest expense $1,488
Net interest income $9,087
Provision for loan and lease losses $5,064
Total noninterest income $1,459
Fiduciary activities $0
Service charges on deposit accounts $862
Trading account gains & fees $0
Additional noninterest income $597
Total noninterest expense $9,109
Salaries and employee benefits $4,073
Premises and equipment expense $1,113
Additional noninterest expense $3,923
Pre-tax net operating income -$3,627
Securities gains (losses) $333
Applicable income taxes $0
Income before extraordinary items -$3,294
Extraordinary gains - net $0
Net income attributable to bank -$3,294
Net charge-offs $0
Cash dividends -$3,294
Sale, conversion, retirement of capital stock, net $3,826
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.52%
Cost of funding earning assets 0.64%
Net interest margin 3.89%
Noninterest income to earning assets 0.62%
Noninterest expense to earning assets 3.90%
Net operating income to assets -1.32%
Return on assets (ROA) -1.20%
Pretax return on assets -1.20%
Return on equity (ROE) -16.38%
Retained earnings to average equity (YTD only) -16.38%
Net charge-offs to loans 2.21%
Credit loss provision to net charge-offs 132.36%
Efficiency ratio0.38%
Assets per employee$86,374
Cash dividends to net income (YTD only)3.38%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 6.01%
Noncurrent assets plus other real estate owned to assets 66.22%
Noncurrent loans to loans 10.02%
Net loans and leases to deposits9.08%
Net loans and leases to core deposits 64.12%
Equity capital to assets 65.86%
Core capital (leverage) ratio 6.79%
Tier 1 risk-based capital ratio 6.23%
Total risk-based capital ratio 9.56%
Memoranda
Average assets$11
Average earning assets$274,907
Average equity $20,112
Average loans $233,806
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6 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
033047Highlands Independent Bank2600 U.S. Highway 27, North, Sebring, FL 33871November 01, 1985Full Service Brick and Mortar
1259417Avon Park Branch400 U S Highway 27 North, Avon Park, FL 33825July 01, 1996Full Service Brick and Mortar
2357283South Sebring Branch3540 U.S. Hwy. 27 S., Sebring, FL 33870May 15, 2000Full Service Brick and Mortar
3363331Downtown Sebring Branch205 W. Center Avenue, Sebring, FL 33870March 11, 2002Full Service Brick and Mortar
4363628Lake Placid Branch207 U.S. Highway #27 South, Lake Placid, FL 33852March 24, 2002Full Service Brick and Mortar
5462246Sun-N-lake Branch6505 Us Highway 27 North, Sebring, FL 33870December 18, 2006Limited Service Facility
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User Contributions:

Eva Melton
Report this comment as inappropriate
Aug 20, 2012 @ 8:08 am
Anyone that I have had contact with as been nice,always willing to help me,
Phone help also is great, I have trouble with online banking, however it is my fault,
When I phone for help, someone gets me out of trouble,
So glad that my Sebring family recommended this bank to me,
E.M

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