Indian River National Bank in Vero Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 12, 2008

  • Indian River National Bank in Vero Beach, Florida (FL)
  • Show street view No street view available for this location

Indian River National Bank - Overview

  • General
  • FDIC Certificate #: 26018
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: RBC Bank (USA) (#33184)
    Federal Reserve ID: 576439
    Date Established: March 26, 1985
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Interstate: No)
    OTS Docket #: 13840
    FDIC's unique #: 32298
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 26, 1985
    Last Structure Change Effective Date: April 12, 2008
    Last Structure Change Process Date: May 28, 2008
    Last Data Update: May 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 958 20th Place, Vero Beach, FL 32961
    County: Indian River
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Port St. Lucie-Sebastian-Vero Beach, FL (#442)
    Core Based Statistical Area (CBSA): Sebastian-Vero Beach, FL (#42680)
    CBSA Metro Statistical Area: Sebastian-Vero Beach, FL (#42680)
  • Financial Summary
  • Total assets: $698.2 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, 2007)

  • Dollar figures in thousands
  • 154Total employees (full-time equivalent)
  • $762,321Total assets
  • $19,805Cash and due from depository institutions
  • $5,599Interest-bearing balances
  • $200,377Securities
  • $1,596Federal funds sold & reverse repurchase agreements
  • $494,085Net loans & leases
  • $8,454Loan loss allowance
  • $0Trading account assets
  • $23,370Bank premises and fixed assets
  • $1,334Other real estate owned
  • $1,796Goodwill and other intangibles
  • $7,816Life insurance assets
  • $19,958All other assets
  • $762,321Total liabilities and capital
  • $703,127Total liabilities
  • $606,451Total deposits
  • $480,525Interest-bearing deposits
  • $606,451Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $23,029Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $72,008Other borrowed funds
  • $0Subordinated debt
  • $1,639All other liabilities
  • $59,194Total equity capital
  • $59,194Total bank equity capital
  • $59,194Perpetual preferred stock
  • $0Common stock
  • $1,103Surplus
  • $19,186Undivided profits
  • Memoranda
  • $38,905Noncurrent loans and leases
  • $105,078Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,021Earning assets
  • $0Long-term assets (5+ years)
  • $3,074Average Assets, year-to-date
  • $701,657Average Assets, quarterly
  • $232,352Volatile liabilities
  • $787,866Insider loans
  • $774,725FHLB advances
  • $151,609Loans and leases held for sale
  • $5,002Unused loan commitments
  • $72,008Tier 1 (core) risk-based capital
  • $3,112Tier 2 risk-based capital
  • $3,120Total risk weighted assets
  • $105,078Total unused commitments
  • $0Restructured Loans and leases
  • $6,883Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $49,786Total interest income
  • $24,102Total interest expense
  • $25,684Net interest income
  • $4,307Provision for loan and lease losses
  • $4,911Total noninterest income
  • $0Fiduciary activities
  • $2,295Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,616Additional noninterest income
  • $17,730Total noninterest expense
  • $9,814Salaries and employee benefits
  • $2,235Premises and equipment expense
  • $5,681Additional noninterest expense
  • $8,558Pre-tax net operating income
  • -$52Securities gains (losses)
  • $2,462Applicable income taxes
  • $6,044Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,044Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,864Sale, conversion, retirement of capital stock, net
  • $7,000Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.80%Yield on earning assets
  • 3.29%Cost of funding earning assets
  • 3.51%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 2.42%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 10.09%Return on equity (ROE)
  • -1.60%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 231.06%Credit loss provision to net charge-offs
  • 6.90%Efficiency ratio
  • 54,283Assets per employee
  • 4.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 115.82%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 120.41%Noncurrent assets plus other real estate owned to assets
  • 1.10%Noncurrent loans to loans
  • 1.40%Net loans and leases to deposits
  • 81.47%Net loans and leases to core deposits
  • 103.39%Equity capital to assets
  • 7.76%Core capital (leverage) ratio
  • 7.43%Tier 1 risk-based capital ratio
  • 10.57%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $787,866Average earning assets
  • $59,889Average equity
  • $731,998Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Indian River National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents