Hillsboro Bank in Plant City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Hillsboro Bank - Overview

  • General
  • FDIC Certificate #: 34747
    Status: Active
    Federal Reserve ID: 2710554
    Date Established: July 06, 1998
    WWW: http://www.hillsborobank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 61433
    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: July 06, 1998
    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: 509 West Alexander Street, Plant City, FL 33566
    County: Hillsborough
    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: $105.7 mil
    Equity capital: $13.5 mil
    Deposits held in domestic offices: $91.4 mil
    Return on assets (ROA): 0.60% ($0.6 mil)
    Quarterly return on assets: 0.27% ($0.3 mil)
    Return on Equity (ROE): 4.73% ($0.7 mil)
    Quarterly return on equity: 2.10% ($0.3 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.76% ($803.0 mil)
    Quarterly Pretax return on assets: 0.31% ($327.5 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
  • 21Total employees (full-time equivalent)
  • $105,652Total assets
  • $3,212Cash and due from depository institutions
  • $0Interest-bearing balances
  • $43,692Securities
  • $8,679Federal funds sold & reverse repurchase agreements
  • $42,887Net loans & leases
  • $1,050Loan loss allowance
  • $0Trading account assets
  • $2,677Bank premises and fixed assets
  • $1,967Other real estate owned
  • $0Goodwill and other intangibles
  • $105,652Life insurance assets
  • $2,538All other assets
  • $92,116Total liabilities and capital
  • $91,405Total liabilities
  • $73,411Total deposits
  • $91,405Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $711Subordinated debt
  • $13,536All other liabilities
  • $13,536Total equity capital
  • $13,536Total bank equity capital
  • $0Perpetual preferred stock
  • $3,293Common stock
  • $3,542Surplus
  • $6,701Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $355Long-term assets (5+ years)
  • $95,258Average Assets, year-to-date
  • $49,793Average Assets, quarterly
  • $102,564Volatile liabilities
  • $105,280Insider loans
  • $59,229FHLB advances
  • $104,461Loans and leases held for sale
  • $1,510Unused loan commitments
  • $1,510Tier 1 (core) risk-based capital
  • $13,176Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,741Restructured Loans and leases
  • $2,469Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,282Total interest income
  • $671Total interest expense
  • $3,611Net interest income
  • $214Provision for loan and lease losses
  • $138Total noninterest income
  • $0Fiduciary activities
  • $125Service charges on deposit accounts
  • $0Trading account gains & fees
  • $13Additional noninterest income
  • $2,820Total noninterest expense
  • $1,399Salaries and employee benefits
  • $280Premises and equipment expense
  • $1,141Additional noninterest expense
  • $715Pre-tax net operating income
  • $66Securities gains (losses)
  • $164Applicable income taxes
  • $617Income before extraordinary items
  • $0Extraordinary gains - net
  • $617Net income attributable to bank
  • $0Net charge-offs
  • $617Cash dividends
  • $190Sale, conversion, retirement of capital stock, net
  • $105Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 4.73%Return on equity (ROE)
  • 3.93%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 112.63%Credit loss provision to net charge-offs
  • 4.89%Efficiency ratio
  • 75,220Assets per employee
  • 5.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.02%Loss allowance to loans
  • 2.39%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 1.86%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 46.92%Net loans and leases to core deposits
  • 53.34%Equity capital to assets
  • 12.81%Core capital (leverage) ratio
  • 12.61%Tier 1 risk-based capital ratio
  • 22.25%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $102,564Average earning assets
  • $13,032Average equity
  • $90,507Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061433Hillsboro Bank509 West Alexander Street, Plant City, FL 33566July 06, 1998Full Service Brick and Mortar
    1464799Brandon Branch1016 Bloomingdale Avenue, Valrico, FL 33595June 14, 2007Full Service Brick and Mortar

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