Insignia Bank in Sarasota, Florida (FL)



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Insignia Bank routing number info

Table of contents:
Insignia Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
New Institution
Financial SummaryTotal 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)
Total employees (full-time equivalent)37
Total assets$142,170
Cash and due from depository institutions$5,532
Interest-bearing balances$4,347
Securities$19,028
Federal funds sold & reverse repurchase agreements$1,150
Net loans & leases$99,013
Loan loss allowance $1,738
Trading account assets$0
Bank premises and fixed assets$5,090
Other real estate owned$4,095
Goodwill and other intangibles$0
All other assets$8,262
Life insurance assets$142,170
Total liabilities and capital$123,340
Total liabilities$115,980
Total deposits$101,282
Interest-bearing deposits$115,980
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$7,000
Other borrowed funds $0
Subordinated debt $360
All other liabilities $18,830
Total equity capital$18,830
Total bank equity capital$18,830
Perpetual preferred stock$0
Common stock$12,500
Surplus$13,355
Undivided profits $-7,025
Memoranda
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 $3,037
Earning assets $0
Long-term assets (5+ years) $367
Average Assets, year-to-date $123,538
Average Assets, quarterly $4,678
Volatile liabilities $149,107
Insider loans $143,459
FHLB advances $111,917
Loans and leases held for sale $140,130
Unused loan commitments $2,750
Tier 1 (core) risk-based capital $2,750
Tier 2 risk-based capital $14,591
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,375
Derivatives$3,064
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,489
Total interest expense $1,443
Net interest income $5,046
Provision for loan and lease losses $10
Total noninterest income $899
Fiduciary activities $0
Service charges on deposit accounts $69
Trading account gains & fees $0
Additional noninterest income $830
Total noninterest expense $4,953
Salaries and employee benefits $2,266
Premises and equipment expense $961
Additional noninterest expense $1,726
Pre-tax net operating income $982
Securities gains (losses) $101
Applicable income taxes $386
Income before extraordinary items $697
Extraordinary gains - net $0
Net income attributable to bank $697
Net charge-offs $0
Cash dividends $697
Sale, conversion, retirement of capital stock, net $258
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 assets5.01%
Cost of funding earning assets 1.11%
Net interest margin 3.90%
Noninterest income to earning assets 0.69%
Noninterest expense to earning assets 3.82%
Net operating income to assets 0.42%
Return on assets (ROA) 0.47%
Pretax return on assets 0.73%
Return on equity (ROE) 3.82%
Retained earnings to average equity (YTD only) 3.82%
Net charge-offs to loans 0.25%
Credit loss provision to net charge-offs 3.88%
Efficiency ratio3.84%
Assets per employee$83,314
Cash dividends to net income (YTD only)3.84%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.73%
Noncurrent assets plus other real estate owned to assets 57.23%
Noncurrent loans to loans 5.02%
Net loans and leases to deposits3.01%
Net loans and leases to core deposits 85.37%
Equity capital to assets 90.34%
Core capital (leverage) ratio 13.24%
Tier 1 risk-based capital ratio 10.41%
Total risk-based capital ratio 13.04%
Memoranda
Average assets$14
Average earning assets$149,107
Average equity $18,243
Average loans $129,517
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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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