Integrity Bank in Jupiter, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 2009

  • Integrity Bank in Jupiter, Florida (FL)
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Integrity Bank - Overview

  • General
  • FDIC Certificate #: 57604
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Stonegate Bank (#57934)
    Federal Reserve ID: 3279469
    Date Established: July 12, 2004
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 366369
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 12, 2004
    Last Structure Change Effective Date: July 31, 2009
    Last Structure Change Process Date: August 03, 2009
    Last Data Update: August 03, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1315 West Indiantown Road, Jupiter, FL 33458
    County: Palm Beach
    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
    Metropolitan Statistical Area (MSA): West Palm Beach-Boca Raton, FL (#8960)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: West Palm Beach-Boca Raton-Boynton Beach, FL (#48424)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $105.3 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, 2008)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $129,448Total assets
  • $1,329Cash and due from depository institutions
  • $236Interest-bearing balances
  • $30,329Securities
  • $1,402Federal funds sold & reverse repurchase agreements
  • $86,846Net loans & leases
  • $2,661Loan loss allowance
  • $0Trading account assets
  • $5,493Bank premises and fixed assets
  • $2,786Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,263All other assets
  • $129,448Total liabilities and capital
  • $119,350Total liabilities
  • $107,848Total deposits
  • $104,939Interest-bearing deposits
  • $107,848Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $814Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,000Other borrowed funds
  • $0Subordinated debt
  • $688All other liabilities
  • $10,098Total equity capital
  • $10,098Total bank equity capital
  • $10,098Perpetual preferred stock
  • $0Common stock
  • $8,050Surplus
  • $8,519Undivided profits
  • Memoranda
  • $-6,471Noncurrent loans and leases
  • $5,100Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $21,987Earning assets
  • $0Long-term assets (5+ years)
  • $425Average Assets, year-to-date
  • $118,813Average Assets, quarterly
  • $27,090Volatile liabilities
  • $133,614Insider loans
  • $135,893FHLB advances
  • $28,051Loans and leases held for sale
  • $0Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,100Total unused commitments
  • $0Restructured Loans and leases
  • $1,330Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $6,442Total interest income
  • $4,417Total interest expense
  • $2,025Net interest income
  • $2,901Provision for loan and lease losses
  • $98Total noninterest income
  • $0Fiduciary activities
  • $71Service charges on deposit accounts
  • $0Trading account gains & fees
  • $27Additional noninterest income
  • $3,483Total noninterest expense
  • $1,873Salaries and employee benefits
  • $447Premises and equipment expense
  • $1,163Additional noninterest expense
  • -$4,261Pre-tax net operating income
  • $99Securities gains (losses)
  • $969Applicable income taxes
  • -$5,131Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,131Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,583Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 3.57%Cost of funding earning assets
  • 1.64%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • -3.91%Net operating income to assets
  • -3.84%Return on assets (ROA)
  • -3.11%Pretax return on assets
  • -38.72%Return on equity (ROE)
  • -38.72%Retained earnings to average equity (YTD only)
  • 2.70%Net charge-offs to loans
  • 112.31%Credit loss provision to net charge-offs
  • -0.53%Efficiency ratio
  • 164,060Assets per employee
  • 7.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.97%Loss allowance to noncurrent loans
  • 12.10%Noncurrent assets plus other real estate owned to assets
  • 19.14%Noncurrent loans to loans
  • 24.56%Net loans and leases to deposits
  • 80.53%Net loans and leases to core deposits
  • 107.73%Equity capital to assets
  • 7.80%Core capital (leverage) ratio
  • 7.07%Tier 1 risk-based capital ratio
  • 9.04%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $133,614Average earning assets
  • $13,252Average equity
  • $123,635Average loans

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