Intervest National Bank in New York, New York (NY), FL
Overview, Financial Summary, Detailed Financial Reports, Branches


Intervest National Bank - Overview

  • General
  • FDIC Certificate #: 35011
    Status: Active
    Federal Reserve ID: 2764258
    Bank Holding Company (Regulatory Top Holder): Intervest Bancshares Corporation (RSSDID: 2049302, Location: New York, NY)
    Date Established: April 01, 1999
    WWW: http://www.intervestnatbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Domestic: 7, Interstate: Yes)
    FDIC's unique #: 73835
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 01, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 Rockerfeller Plaza, New York, NY 10020
    County: New York
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): New York, NY (#5600)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,957.2 mil
    Equity capital: $240.1 mil
    Deposits held in domestic offices: $1,693.3 mil
    Return on assets (ROA): 0.63% ($12.3 mil)
    Quarterly return on assets: 0.70% ($13.7 mil)
    Return on Equity (ROE): 5.45% ($13.1 mil)
    Quarterly return on equity: 5.76% ($13.8 mil)
    Net income: $12.7 mil
    Quarterly Net income: $3.4 mil
    Pretax return on assets: 1.17% ($22,899.3 mil)
    Quarterly Pretax return on assets: 1.30% ($25,443.6 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
  • 75Total employees (full-time equivalent)
  • $1,957,202Total assets
  • $24,452Cash and due from depository institutions
  • $21,625Interest-bearing balances
  • $700,444Securities
  • $4,989Federal funds sold & reverse repurchase agreements
  • $1,130,579Net loans & leases
  • $30,365Loan loss allowance
  • $0Trading account assets
  • $3,803Bank premises and fixed assets
  • $28,278Other real estate owned
  • $0Goodwill and other intangibles
  • $1,957,202Life insurance assets
  • $64,657All other assets
  • $1,717,074Total liabilities and capital
  • $1,693,302Total liabilities
  • $1,663,937Total deposits
  • $1,693,302Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,500Trading liabilities
  • $0Other borrowed funds
  • $6,272Subordinated debt
  • $240,128All other liabilities
  • $240,128Total equity capital
  • $240,128Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $193,455Surplus
  • $46,073Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $59,164Income earned, not collected on loans
  • $0Earning assets
  • $7,197Long-term assets (5+ years)
  • $1,857,637Average Assets, year-to-date
  • $319,807Average Assets, quarterly
  • $2,005,190Volatile liabilities
  • $1,967,478Insider loans
  • $1,360,812FHLB advances
  • $1,950,445Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $218,590Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,025Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $94,906Total interest income
  • $48,497Total interest expense
  • $46,409Net interest income
  • $4,728Provision for loan and lease losses
  • $3,161Total noninterest income
  • $0Fiduciary activities
  • $46Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,115Additional noninterest income
  • $21,188Total noninterest expense
  • $6,932Salaries and employee benefits
  • $1,642Premises and equipment expense
  • $12,614Additional noninterest expense
  • $23,654Pre-tax net operating income
  • -$201Securities gains (losses)
  • $10,749Applicable income taxes
  • $12,704Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,704Net income attributable to bank
  • $0Net charge-offs
  • $12,704Cash dividends
  • $8,753Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 2.57%Cost of funding earning assets
  • 2.46%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 1.12%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 5.45%Return on equity (ROE)
  • 5.45%Retained earnings to average equity (YTD only)
  • 0.70%Net charge-offs to loans
  • 54.02%Credit loss provision to net charge-offs
  • 3.24%Efficiency ratio
  • 42,744Assets per employee
  • 26.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.62%Loss allowance to noncurrent loans
  • 51.32%Noncurrent assets plus other real estate owned to assets
  • 4.69%Noncurrent loans to loans
  • 5.10%Net loans and leases to deposits
  • 66.77%Net loans and leases to core deposits
  • 74.67%Equity capital to assets
  • 12.27%Core capital (leverage) ratio
  • 11.21%Tier 1 risk-based capital ratio
  • 16.06%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $2,005,190Average earning assets
  • $233,292Average equity
  • $1,887,581Average loans

List of branches

  • 6 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    138869Intervest Bank Branch625 Court Street, Clearwater, FL 33756January 08, 1988Full Service Brick and Mortar
    2261230Nursery Road Branch2175 Nursery Road, Clearwater, FL 33764March 06, 1995Full Service Brick and Mortar
    3261231Belcher Road Branch1875 Belcher Road North, Clearwater, FL 33765March 06, 1995Full Service Brick and Mortar
    4261232Ulmerton Road Branch2575 Ulmerton Road, Clearwater, FL 33762September 21, 1995Full Service Brick and Mortar
    5261233Gulfport Boulevard Branch6750 Gulfport Boulevard South, South Pasadena, FL 33707November 17, 1997Full Service Brick and Mortar
    6467279Mandalay Branch483 Mandalay Avenue, Clearwater Beach, FL 33767December 01, 2006Full Service Brick and Mortar
  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    073835Intervest National Bank1 Rockerfeller Plaza, New York, NY 10020April 01, 1999Full Service Brick and Mortar

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