Patriot Bank in Trinity, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Patriot Bank - Overview

  • General
  • FDIC Certificate #: 57789
    Status: Active
    Federal Reserve ID: 3301641
    Date Established: October 22, 2004
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 424700
    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 22, 2004
    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: 1815 Little Road, Trinity, FL 34655
    County: Pasco
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $121.9 mil
    Equity capital: $15.3 mil
    Deposits held in domestic offices: $98.7 mil
    Return on assets (ROA): -0.49% (-$0.6 mil)
    Quarterly return on assets: 0.23% ($0.3 mil)
    Return on Equity (ROE): -4.02% (-$0.6 mil)
    Quarterly return on equity: 1.86% ($0.3 mil)
    Net income: -$0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.77% (-$938.9 mil)
    Quarterly Pretax return on assets: 0.37% ($451.1 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
  • 27Total employees (full-time equivalent)
  • $121,929Total assets
  • $11,420Cash and due from depository institutions
  • $8,017Interest-bearing balances
  • $3,583Securities
  • $525Federal funds sold & reverse repurchase agreements
  • $93,018Net loans & leases
  • $1,448Loan loss allowance
  • $0Trading account assets
  • $6,289Bank premises and fixed assets
  • $1,499Other real estate owned
  • $0Goodwill and other intangibles
  • $121,928Life insurance assets
  • $5,595All other assets
  • $106,611Total liabilities and capital
  • $98,726Total liabilities
  • $86,995Total deposits
  • $98,726Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,683Federal funds purchased & repurchase agreements
  • $4,900Trading liabilities
  • $0Other borrowed funds
  • $302Subordinated debt
  • $15,317All other liabilities
  • $15,317Total equity capital
  • $15,317Total bank equity capital
  • $679Perpetual preferred stock
  • $3,249Common stock
  • $18,488Surplus
  • $-7,099Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,681Income earned, not collected on loans
  • $0Earning assets
  • $371Long-term assets (5+ years)
  • $105,143Average Assets, year-to-date
  • $13,875Average Assets, quarterly
  • $128,250Volatile liabilities
  • $123,075Insider loans
  • $102,193FHLB advances
  • $119,325Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,523Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,822Restructured Loans and leases
  • $3,879Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,188Total interest income
  • $1,221Total interest expense
  • $4,967Net interest income
  • $993Provision for loan and lease losses
  • -$539Total noninterest income
  • $0Fiduciary activities
  • $218Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$757Additional noninterest income
  • $4,441Total noninterest expense
  • $2,218Salaries and employee benefits
  • $668Premises and equipment expense
  • $1,555Additional noninterest expense
  • -$1,006Pre-tax net operating income
  • $18Securities gains (losses)
  • -$363Applicable income taxes
  • -$625Income before extraordinary items
  • $0Extraordinary gains - net
  • -$625Net income attributable to bank
  • $0Net charge-offs
  • -$625Cash dividends
  • $1,833Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.57%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 4.47%Net interest margin
  • -0.48%Noninterest income to earning assets
  • 3.99%Noninterest expense to earning assets
  • -0.50%Net operating income to assets
  • -0.49%Return on assets (ROA)
  • -0.77%Pretax return on assets
  • -4.02%Return on equity (ROE)
  • -4.02%Retained earnings to average equity (YTD only)
  • 1.84%Net charge-offs to loans
  • 54.17%Credit loss provision to net charge-offs
  • -0.01%Efficiency ratio
  • 100,294Assets per employee
  • 4.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 30.93%Noncurrent assets plus other real estate owned to assets
  • 5.07%Noncurrent loans to loans
  • 4.96%Net loans and leases to deposits
  • 94.22%Net loans and leases to core deposits
  • 96.74%Equity capital to assets
  • 12.56%Core capital (leverage) ratio
  • 8.82%Tier 1 risk-based capital ratio
  • 10.30%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $128,250Average earning assets
  • $15,544Average equity
  • $111,172Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0424700Patriot Bank1815 Little Road, Trinity, FL 34655October 22, 2004Full Service Brick and Mortar
    1451743Regency Oaks Branch2751 Regency Oaks Boulevard, Clearwater, FL 33759May 22, 2006Full Service Brick and Mortar
    2462468Palm Harbor Branch1103 Florida Avenue, Palm Harbor, FL 34683April 16, 2007Full Service Brick and Mortar
    4478476Riverwalk Branch11355 Decubellis Road, New Port Richey, FL 34654August 06, 2007Full Service Brick and Mortar

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