Independent Banker's Bank of Florida in Lake Mary, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Independent Banker's Bank of Florida - Overview

  • General
  • FDIC Certificate #: 24642
    Status: Active
    Federal Reserve ID: 190639
    Bank Holding Company (Regulatory Top Holder): Bankers' Bancorporation Of Florida, Inc. (RSSDID: 1417276, Location: Lake Mary, FL)
    Date Established: August 05, 1983
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 14258
    FDIC's unique #: 17108
    Numeric code: 13
    Regulator: FED
    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 05, 1983
    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: 615 Crescent Executive Court, Suite 400, Lake Mary, FL 32746
    County: Seminole
    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): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $247.2 mil
    Equity capital: $18.4 mil
    Deposits held in domestic offices: $176.1 mil
    Return on assets (ROA): -1.44% (-$3.6 mil)
    Quarterly return on assets: -3.00% (-$7.4 mil)
    Return on Equity (ROE): -18.76% (-$3.4 mil)
    Quarterly return on equity: -39.20% (-$7.1 mil)
    Net income: -$3.9 mil
    Quarterly Net income: -$1.9 mil
    Pretax return on assets: -0.86% (-$2,126.1 mil)
    Quarterly Pretax return on assets: -0.52% (-$1,285.5 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
  • 43Total employees (full-time equivalent)
  • $247,217Total assets
  • $31,457Cash and due from depository institutions
  • $15,363Interest-bearing balances
  • $45,299Securities
  • $108Federal funds sold & reverse repurchase agreements
  • $145,574Net loans & leases
  • $11,184Loan loss allowance
  • $0Trading account assets
  • $177Bank premises and fixed assets
  • $7,457Other real estate owned
  • $0Goodwill and other intangibles
  • $247,217Life insurance assets
  • $17,145All other assets
  • $228,800Total liabilities and capital
  • $176,129Total liabilities
  • $54,688Total deposits
  • $176,129Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 7562.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $43,000Trading liabilities
  • $0Other borrowed funds
  • $2,109Subordinated debt
  • $18,417All other liabilities
  • $18,417Total equity capital
  • $18,417Total bank equity capital
  • $0Perpetual preferred stock
  • $1,979Common stock
  • $22,426Surplus
  • $-5,988Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $44,766Income earned, not collected on loans
  • $0Earning assets
  • $542Long-term assets (5+ years)
  • $206,344Average Assets, year-to-date
  • $52,077Average Assets, quarterly
  • $269,546Volatile liabilities
  • $252,997Insider loans
  • $166,833FHLB advances
  • $258,656Loans and leases held for sale
  • $9,645Unused loan commitments
  • $9,645Tier 1 (core) risk-based capital
  • $18,380Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,142Restructured Loans and leases
  • $1,893Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,541Total interest income
  • $2,155Total interest expense
  • $6,386Net interest income
  • $1,597Provision for loan and lease losses
  • $6,516Total noninterest income
  • $0Fiduciary activities
  • $4,368Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,148Additional noninterest income
  • $13,620Total noninterest expense
  • $4,529Salaries and employee benefits
  • $579Premises and equipment expense
  • $8,512Additional noninterest expense
  • -$2,315Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,570Applicable income taxes
  • -$3,885Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,885Net income attributable to bank
  • $0Net charge-offs
  • -$3,885Cash dividends
  • $3,628Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.73%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 2.79%Net interest margin
  • 2.85%Noninterest income to earning assets
  • 5.96%Noninterest expense to earning assets
  • -1.44%Net operating income to assets
  • -1.44%Return on assets (ROA)
  • -0.86%Pretax return on assets
  • -18.76%Return on equity (ROE)
  • -18.76%Retained earnings to average equity (YTD only)
  • 2.09%Net charge-offs to loans
  • 44.02%Credit loss provision to net charge-offs
  • -0.20%Efficiency ratio
  • 105,565Assets per employee
  • 5.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.13%Loss allowance to noncurrent loans
  • 24.98%Noncurrent assets plus other real estate owned to assets
  • 21.12%Noncurrent loans to loans
  • 28.56%Net loans and leases to deposits
  • 82.65%Net loans and leases to core deposits
  • 83.01%Equity capital to assets
  • 7.45%Core capital (leverage) ratio
  • 7.11%Tier 1 risk-based capital ratio
  • 11.02%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $269,546Average earning assets
  • $20,713Average equity
  • $228,675Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017108Independent Banker's Bank Of Florida615 Crescent Executive Court, Suite 400, Lake Mary, FL 32746August 05, 1983Full Service Brick and Mortar

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