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


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
  • NoIDNameAddressEstablishedService TypeMap
    0450287Insignia Bank333 North Orange Avenue, Sarasota, FL 34236October 16, 2006Full Service Brick and Mortar
    2493078Cattlemen Road Branch5850 Fruitville Road, Sarasota, FL 34232October 20, 2008Full Service Brick and Mortar

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