Marine Bank & Trust Company in Vero Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Marine Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 34233
    Status: Active
    Federal Reserve ID: 2587916
    Date Established: July 01, 1997
    WWW: http://www.marinebankandtrust.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 56992
    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: July 01, 1997
    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: 571 Beachland Boulevard, Vero Beach, FL 32963
    County: Indian River
    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
    Combined Statistical Area (CSA): Port St. Lucie-Sebastian-Vero Beach, FL (#442)
    Core Based Statistical Area (CBSA): Sebastian-Vero Beach, FL (#42680)
    CBSA Metro Statistical Area: Sebastian-Vero Beach, FL (#42680)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $136.8 mil
    Equity capital: $11.4 mil
    Deposits held in domestic offices: $125.2 mil
    Return on assets (ROA): -0.09% (-$0.1 mil)
    Quarterly return on assets: -0.12% (-$0.2 mil)
    Return on Equity (ROE): -1.15% (-$0.1 mil)
    Quarterly return on equity: -1.47% (-$0.2 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.13% (-$177.9 mil)
    Quarterly Pretax return on assets: -0.18% (-$246.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 32Total employees (full-time equivalent)
  • $136,815Total assets
  • $7,626Cash and due from depository institutions
  • $82Interest-bearing balances
  • $8,132Securities
  • $8,139Federal funds sold & reverse repurchase agreements
  • $100,803Net loans & leases
  • $3,396Loan loss allowance
  • $0Trading account assets
  • $4,500Bank premises and fixed assets
  • $4,171Other real estate owned
  • $41Goodwill and other intangibles
  • $136,814Life insurance assets
  • $3,403All other assets
  • $125,422Total liabilities and capital
  • $125,247Total liabilities
  • $101,436Total deposits
  • $125,247Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $175Subordinated debt
  • $11,392All other liabilities
  • $11,392Total equity capital
  • $11,392Total bank equity capital
  • $4,147Perpetual preferred stock
  • $6,325Common stock
  • $3,574Surplus
  • $-2,654Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,574Income earned, not collected on loans
  • $0Earning assets
  • $380Long-term assets (5+ years)
  • $117,156Average Assets, year-to-date
  • $13,656Average Assets, quarterly
  • $144,835Volatile liabilities
  • $138,570Insider loans
  • $105,979FHLB advances
  • $135,233Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,813Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,016Restructured Loans and leases
  • $5,140Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,260Total interest income
  • $1,003Total interest expense
  • $5,257Net interest income
  • $868Provision for loan and lease losses
  • -$207Total noninterest income
  • $0Fiduciary activities
  • $186Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$393Additional noninterest income
  • $4,588Total noninterest expense
  • $1,946Salaries and employee benefits
  • $454Premises and equipment expense
  • $2,188Additional noninterest expense
  • -$406Pre-tax net operating income
  • $212Securities gains (losses)
  • -$64Applicable income taxes
  • -$130Income before extraordinary items
  • $0Extraordinary gains - net
  • -$130Net income attributable to bank
  • $0Net charge-offs
  • -$130Cash dividends
  • $1,885Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 4.06%Net interest margin
  • -0.16%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • -0.19%Net operating income to assets
  • -0.09%Return on assets (ROA)
  • -0.13%Pretax return on assets
  • -1.15%Return on equity (ROE)
  • -1.15%Retained earnings to average equity (YTD only)
  • 1.69%Net charge-offs to loans
  • 46.05%Credit loss provision to net charge-offs
  • 0.25%Efficiency ratio
  • 90,851Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.26%Loss allowance to noncurrent loans
  • 95.02%Noncurrent assets plus other real estate owned to assets
  • 5.66%Noncurrent loans to loans
  • 3.43%Net loans and leases to deposits
  • 80.48%Net loans and leases to core deposits
  • 83.14%Equity capital to assets
  • 8.33%Core capital (leverage) ratio
  • 6.52%Tier 1 risk-based capital ratio
  • 8.32%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $144,835Average earning assets
  • $11,315Average equity
  • $129,586Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $800Managed Assets
  • 1Number of Accounts
  • $800Personal trust and agency accounts
  • $800Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056992Marine Bank & Trust Company571 Beachland Boulevard, Vero Beach, FL 32963July 01, 1997Full Service Brick and Mortar
    1441791Pelican Branch1450 Us Highway #1, Vero Beach, FL 32960June 06, 2005Full Service Brick and Mortar

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