Independent Banker's Bank of Florida in Lake Mary, Florida (FL)

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Independent Banker's Bank of Florida
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)43
Total assets$247,217
Cash and due from depository institutions$31,457
Interest-bearing balances$15,363
Federal funds sold & reverse repurchase agreements$108
Net loans & leases$145,574
Loan loss allowance $11,184
Trading account assets$0
Bank premises and fixed assets$177
Other real estate owned$7,457
Goodwill and other intangibles$0
All other assets$17,145
Life insurance assets$247,217
Total liabilities and capital$228,800
Total liabilities$176,129
Total deposits$54,688
Interest-bearing deposits$176,129
Deposits held in domestic offices$95
% insured (estimated)7562.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$43,000
Other borrowed funds $0
Subordinated debt $2,109
All other liabilities $18,417
Total equity capital$18,417
Total bank equity capital$18,417
Perpetual preferred stock$0
Common stock$1,979
Undivided profits $-5,988
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 $44,766
Earning assets $0
Long-term assets (5+ years) $542
Average Assets, year-to-date $206,344
Average Assets, quarterly $52,077
Volatile liabilities $269,546
Insider loans $252,997
FHLB advances $166,833
Loans and leases held for sale $258,656
Unused loan commitments $9,645
Tier 1 (core) risk-based capital $9,645
Tier 2 risk-based capital $18,380
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,142
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,541
Total interest expense $2,155
Net interest income $6,386
Provision for loan and lease losses $1,597
Total noninterest income $6,516
Fiduciary activities $0
Service charges on deposit accounts $4,368
Trading account gains & fees $0
Additional noninterest income $2,148
Total noninterest expense $13,620
Salaries and employee benefits $4,529
Premises and equipment expense $579
Additional noninterest expense $8,512
Pre-tax net operating income -$2,315
Securities gains (losses) $0
Applicable income taxes $1,570
Income before extraordinary items -$3,885
Extraordinary gains - net $0
Net income attributable to bank -$3,885
Net charge-offs $0
Cash dividends -$3,885
Sale, conversion, retirement of capital stock, net $3,628
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 assets3.73%
Cost of funding earning assets 0.94%
Net interest margin 2.79%
Noninterest income to earning assets 2.85%
Noninterest expense to earning assets 5.96%
Net operating income to assets -1.44%
Return on assets (ROA) -1.44%
Pretax return on assets -0.86%
Return on equity (ROE) -18.76%
Retained earnings to average equity (YTD only) -18.76%
Net charge-offs to loans 2.09%
Credit loss provision to net charge-offs 44.02%
Efficiency ratio-0.20%
Assets per employee$105,565
Cash dividends to net income (YTD only)5.75%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 7.13%
Noncurrent assets plus other real estate owned to assets 24.98%
Noncurrent loans to loans 21.12%
Net loans and leases to deposits28.56%
Net loans and leases to core deposits 82.65%
Equity capital to assets 83.01%
Core capital (leverage) ratio 7.45%
Tier 1 risk-based capital ratio 7.11%
Total risk-based capital ratio 11.02%
Average assets$12
Average earning assets$269,546
Average equity $20,713
Average loans $228,675
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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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