Old Harbor Bank in Clearwater, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 21, 2011

  • Old Harbor Bank in Clearwater, Florida (FL)
  • Show street view No street view available for this location

Old Harbor Bank - Overview

  • General
  • FDIC Certificate #: 57537
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: 1st United Bank (#35408)
    Federal Reserve ID: 3201527
    Date Established: July 14, 2003
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    FDIC's unique #: 365181
    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 14, 2003
    Last Structure Change Effective Date: October 21, 2011
    Last Structure Change Process Date: October 24, 2011
    Last Data Update: October 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2605 Enterprise Road East, Suite 100, Clearwater, FL 33759
    County: Pinellas
    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): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • Financial Summary
  • Total assets: $209.0 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, 2010)

  • Dollar figures in thousands
  • 46Total employees (full-time equivalent)
  • $226,694Total assets
  • $11,113Cash and due from depository institutions
  • $10,061Interest-bearing balances
  • $34,342Securities
  • $36Federal funds sold & reverse repurchase agreements
  • $171,629Net loans & leases
  • $5,544Loan loss allowance
  • $0Trading account assets
  • $6,428Bank premises and fixed assets
  • $377Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,769All other assets
  • $226,694Total liabilities and capital
  • $221,203Total liabilities
  • $220,786Total deposits
  • $211,241Interest-bearing deposits
  • $220,786Deposits held in domestic offices
  • 98.48%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $417All other liabilities
  • $5,491Total equity capital
  • $5,491Total bank equity capital
  • $5,491Perpetual preferred stock
  • $0Common stock
  • $2,417Surplus
  • $23,203Undivided profits
  • Memoranda
  • $-20,129Noncurrent loans and leases
  • $11,674Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $20,423Earning assets
  • $0Long-term assets (5+ years)
  • $664Average Assets, year-to-date
  • $216,068Average Assets, quarterly
  • $62,401Volatile liabilities
  • $236,252Insider loans
  • $226,171FHLB advances
  • $46,401Loans and leases held for sale
  • $4,874Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,674Total unused commitments
  • $7,903Restructured Loans and leases
  • $2,217Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $11,048Total interest income
  • $3,500Total interest expense
  • $7,548Net interest income
  • $8,614Provision for loan and lease losses
  • $354Total noninterest income
  • $0Fiduciary activities
  • $114Service charges on deposit accounts
  • $0Trading account gains & fees
  • $240Additional noninterest income
  • $6,962Total noninterest expense
  • $2,897Salaries and employee benefits
  • $1,393Premises and equipment expense
  • $2,672Additional noninterest expense
  • -$7,674Pre-tax net operating income
  • $801Securities gains (losses)
  • $0Applicable income taxes
  • -$6,873Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,873Net income attributable to bank
  • $0Net charge-offs
  • -$6,873Cash dividends
  • $7,175Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 1.56%Cost of funding earning assets
  • 3.36%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • -3.25%Net operating income to assets
  • -2.91%Return on assets (ROA)
  • -2.91%Pretax return on assets
  • -78.19%Return on equity (ROE)
  • -78.19%Retained earnings to average equity (YTD only)
  • 3.95%Net charge-offs to loans
  • 120.06%Credit loss provision to net charge-offs
  • 0.13%Efficiency ratio
  • 88,104Assets per employee
  • 4.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.13%Loss allowance to noncurrent loans
  • 27.15%Noncurrent assets plus other real estate owned to assets
  • 9.18%Noncurrent loans to loans
  • 11.53%Net loans and leases to deposits
  • 77.74%Net loans and leases to core deposits
  • 98.42%Equity capital to assets
  • 2.42%Core capital (leverage) ratio
  • 2.61%Tier 1 risk-based capital ratio
  • 3.47%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $236,252Average earning assets
  • $8,791Average equity
  • $224,449Average loans

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