Insignia Bank in city_name, state_name - Detailed Financial Reports, Location

Insignia Bank in Sarasota, Florida (FL)
Show street view No street view available for this location

Insignia Bank routing number info

Insignia Bank - Overview

General
FDIC Certificate #: 58387
Status: Active
Federal Reserve ID: 3482894
Date Established: October 16, 2006
WWW: http://www.insigniabank.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 #: 450287
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: October 16, 2006
Last Structure Change Effective Date: October 16, 2006
Last Structure Change Process Date: November 07, 2006
Last Data Update: November 07, 2006
Data Source Date: April 05, 2012
Location
Address: 333 North Orange Avenue, Sarasota, FL 34236
County: Sarasota
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): Sarasota-Bradenton, FL (#7510)
Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
New Institution
Financial Summary
Total assets: $142.2 mil
Equity capital: $18.8 mil
Deposits held in domestic offices: $116.0 mil
Return on assets (ROA): 0.47% ($0.7 mil)
Quarterly return on assets: 0.63% ($0.9 mil)
Return on Equity (ROE): 3.82% ($0.7 mil)
Quarterly return on equity: 4.81% ($0.9 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.73% ($1,037.8 mil)
Quarterly Pretax return on assets: 0.98% ($1,393.3 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
37Total employees (full-time equivalent)
$142,170Total assets
$5,532Cash and due from depository institutions
$4,347Interest-bearing balances
$19,028Securities
$1,150Federal funds sold & reverse repurchase agreements
$99,013Net loans & leases
$1,738Loan loss allowance
$0Trading account assets
$5,090Bank premises and fixed assets
$4,095Other real estate owned
$0Goodwill and other intangibles
$142,170Life insurance assets
$8,262All other assets
$123,340Total liabilities and capital
$115,980Total liabilities
$101,282Total deposits
$115,980Interest-bearing deposits
$82Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$7,000Trading liabilities
$0Other borrowed funds
$360Subordinated debt
$18,830All other liabilities
$18,830Total equity capital
$18,830Total bank equity capital
$0Perpetual preferred stock
$12,500Common stock
$13,355Surplus
$-7,025Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,037Income earned, not collected on loans
$0Earning assets
$367Long-term assets (5+ years)
$123,538Average Assets, year-to-date
$4,678Average Assets, quarterly
$149,107Volatile liabilities
$143,459Insider loans
$111,917FHLB advances
$140,130Loans and leases held for sale
$2,750Unused loan commitments
$2,750Tier 1 (core) risk-based capital
$14,591Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,375Restructured Loans and leases
$3,064Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$6,489Total interest income
$1,443Total interest expense
$5,046Net interest income
$10Provision for loan and lease losses
$899Total noninterest income
$0Fiduciary activities
$69Service charges on deposit accounts
$0Trading account gains & fees
$830Additional noninterest income
$4,953Total noninterest expense
$2,266Salaries and employee benefits
$961Premises and equipment expense
$1,726Additional noninterest expense
$982Pre-tax net operating income
$101Securities gains (losses)
$386Applicable income taxes
$697Income before extraordinary items
$0Extraordinary gains - net
$697Net income attributable to bank
$0Net charge-offs
$697Cash dividends
$258Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.01%Yield on earning assets
1.11%Cost of funding earning assets
3.90%Net interest margin
0.69%Noninterest income to earning assets
3.82%Noninterest expense to earning assets
0.42%Net operating income to assets
0.47%Return on assets (ROA)
0.73%Pretax return on assets
3.82%Return on equity (ROE)
3.82%Retained earnings to average equity (YTD only)
0.25%Net charge-offs to loans
3.88%Credit loss provision to net charge-offs
3.84%Efficiency ratio
83,314Assets per employee
3.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.73%Loss allowance to noncurrent loans
57.23%Noncurrent assets plus other real estate owned to assets
5.02%Noncurrent loans to loans
3.01%Net loans and leases to deposits
85.37%Net loans and leases to core deposits
90.34%Equity capital to assets
13.24%Core capital (leverage) ratio
10.41%Tier 1 risk-based capital ratio
13.04%Total risk-based capital ratio
Memoranda
$14Average assets
$149,107Average earning assets
$18,243Average equity
$129,517Average loans

List of branches

2 Florida Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	450287	Insignia Bank	333 North Orange Avenue, Sarasota, FL 34236	October 16, 2006	Full Service Brick and Mortar
2	493078	Cattlemen Road Branch	5850 Fruitville Road, Sarasota, FL 34232	October 20, 2008	Full Service Brick and Mortar

Insignia Bank in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Insignia Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Insignia Bank in Sarasota, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

Insignia Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Insignia Bank in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches