Prime Bank of Central Florida in Titusville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 07, 1998

  • Prime Bank of Central Florida in Titusville, Florida (FL)
  • Show street view No street view available for this location

Prime Bank of Central Florida - Overview

  • General
  • FDIC Certificate #: 32545
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 998170
    Date Established: June 30, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 8418
    FDIC's unique #: 45379
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 30, 1987
    Last Structure Change Effective Date: October 07, 1998
    Last Structure Change Process Date: October 29, 1998
    Last Data Update: October 29, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 690 Country Club Drive, Titusville, FL 32780
    County: Brevard
    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): Melbourne-Titusville-Palm Bay, FL (#4900)
    Core Based Statistical Area (CBSA): Palm Bay-Melbourne-Titusville, FL (#37340)
    CBSA Metro Statistical Area: Palm Bay-Melbourne-Titusville, FL (#37340)
  • Financial Summary
  • Total assets: $74.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $68,295Total assets
  • $6,248Cash and due from depository institutions
  • $238Interest-bearing balances
  • $15,571Securities
  • $1,550Federal funds sold & reverse repurchase agreements
  • $42,039Net loans & leases
  • $445Loan loss allowance
  • $0Trading account assets
  • $2,370Bank premises and fixed assets
  • $0Other real estate owned
  • $50Goodwill and other intangibles
  • $0Life insurance assets
  • $467All other assets
  • $68,295Total liabilities and capital
  • $61,845Total liabilities
  • $61,375Total deposits
  • $49,139Interest-bearing deposits
  • $61,375Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $470All other liabilities
  • $6,450Total equity capital
  • $6,450Total bank equity capital
  • $6,450Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $3,771Undivided profits
  • Memoranda
  • $2,279Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $27Earning assets
  • $0Long-term assets (5+ years)
  • $203Average Assets, year-to-date
  • $59,398Average Assets, quarterly
  • $9,335Volatile liabilities
  • $63,546Insider loans
  • $66,273FHLB advances
  • $5,019Loans and leases held for sale
  • $1,106Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,575Total unused commitments
  • $0Restructured Loans and leases
  • $46,669Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $4,835Total interest income
  • $2,072Total interest expense
  • $2,763Net interest income
  • $72Provision for loan and lease losses
  • $400Total noninterest income
  • $0Fiduciary activities
  • $291Service charges on deposit accounts
  • $0Trading account gains & fees
  • $109Additional noninterest income
  • $1,990Total noninterest expense
  • $1,001Salaries and employee benefits
  • $389Premises and equipment expense
  • $600Additional noninterest expense
  • $1,101Pre-tax net operating income
  • $3Securities gains (losses)
  • $408Applicable income taxes
  • $696Income before extraordinary items
  • $0Extraordinary gains - net
  • $696Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.39%Yield on earning assets
  • 3.60%Cost of funding earning assets
  • 4.80%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 11.48%Return on equity (ROE)
  • 11.48%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 257.14%Credit loss provision to net charge-offs
  • 41.89%Efficiency ratio
  • 62,219Assets per employee
  • 2.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 1648.15%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 68.50%Net loans and leases to core deposits
  • 74.60%Equity capital to assets
  • 9.44%Core capital (leverage) ratio
  • 9.80%Tier 1 risk-based capital ratio
  • 13.70%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $63,546Average earning assets
  • $6,061Average equity
  • $57,613Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Prime Bank of Central Florida.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents