ProBank in Tallahassee, Florida (FL)



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ProBank
GeneralFDIC Certificate #: 58546
Status: Active
Federal Reserve ID: 3596380
Bank Holding Company (Regulatory Top Holder): Pro Financial Holdings, Inc. (RSSDID: 3596399, Location: Tallahassee, FL)
Date Established: September 05, 2007
WWW: http://www.theprobank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 455987
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: September 05, 2007
Last Structure Change Effective Date: September 05, 2007
Last Structure Change Process Date: August 12, 2011
Last Data Update: August 12, 2011
Data Source Date: April 05, 2012
LocationAddress: 536 North Monroe Street, Tallahassee, FL 32301
County: Leon
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Gainesville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Tallahassee, FL (#8240)
Core Based Statistical Area (CBSA): Tallahassee, FL (#45220)
CBSA Metro Statistical Area: Tallahassee, FL (#45220)
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $84.0 mil
Equity capital: $2.1 mil
Deposits held in domestic offices: $77.7 mil
Return on assets (ROA): -4.36% (-$3.7 mil)
Quarterly return on assets: -7.26% (-$6.1 mil)
Return on Equity (ROE): -83.53% (-$1.7 mil)
Quarterly return on equity: -218.41% (-$4.4 mil)
Net income: -$3.9 mil
Quarterly Net income: -$1.6 mil
Pretax return on assets: -4.36% (-$3,662.8 mil)
Quarterly Pretax return on assets: -7.26% (-$6,099.1 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)
Total employees (full-time equivalent)21
Total assets$84,009
Cash and due from depository institutions$15,872
Interest-bearing balances$14,813
Securities$15,064
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$48,070
Loan loss allowance $1,820
Trading account assets$0
Bank premises and fixed assets$706
Other real estate owned$2,725
Goodwill and other intangibles$0
All other assets$1,572
Life insurance assets$84,009
Total liabilities and capital$81,953
Total liabilities$77,736
Total deposits$67,749
Interest-bearing deposits$77,736
Deposits held in domestic offices$85
% insured (estimated)86.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,000
Other borrowed funds $0
Subordinated debt $131
All other liabilities $2,056
Total equity capital$2,056
Total bank equity capital$2,056
Perpetual preferred stock$0
Common stock$6,919
Surplus$6,919
Undivided profits $-11,782
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,491
Earning assets $0
Long-term assets (5+ years) $314
Average Assets, year-to-date $77,947
Average Assets, quarterly $20,336
Volatile liabilities $88,932
Insider loans $86,969
FHLB advances $52,955
Loans and leases held for sale $89,924
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,169
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,092
Derivatives$2,877
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,081
Total interest expense $1,086
Net interest income $2,995
Provision for loan and lease losses $2,771
Total noninterest income -$475
Fiduciary activities $0
Service charges on deposit accounts $131
Trading account gains & fees $0
Additional noninterest income -$606
Total noninterest expense $3,841
Salaries and employee benefits $1,634
Premises and equipment expense $758
Additional noninterest expense $1,449
Pre-tax net operating income -$4,092
Securities gains (losses) $219
Applicable income taxes $0
Income before extraordinary items -$3,873
Extraordinary gains - net $0
Net income attributable to bank -$3,873
Net charge-offs $0
Cash dividends -$3,873
Sale, conversion, retirement of capital stock, net $2,233
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.95%
Cost of funding earning assets 1.32%
Net interest margin 3.63%
Noninterest income to earning assets -0.58%
Noninterest expense to earning assets 4.66%
Net operating income to assets -4.60%
Return on assets (ROA) -4.36%
Pretax return on assets -4.36%
Return on equity (ROE) -83.53%
Retained earnings to average equity (YTD only) -83.53%
Net charge-offs to loans 3.94%
Credit loss provision to net charge-offs 124.09%
Efficiency ratio-0.59%
Assets per employee$152,421
Cash dividends to net income (YTD only)4.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.65%
Noncurrent assets plus other real estate owned to assets 73.06%
Noncurrent loans to loans 6.21%
Net loans and leases to deposits4.99%
Net loans and leases to core deposits 61.84%
Equity capital to assets 79.18%
Core capital (leverage) ratio 2.45%
Tier 1 risk-based capital ratio 2.41%
Total risk-based capital ratio 4.10%
Memoranda
Average assets$5
Average earning assets$88,932
Average equity $4,637
Average loans $82,403
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3 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0455987Probank536 North Monroe Street, Tallahassee, FL 32301September 05, 2007Full Service Brick and Mortar
1469479Northwood Plaza Branch1812 Martin Luther King Boulevard, Tallahassee, FL 32303October 25, 2007Full Service Brick and Mortar
2493868Killearn Branch8110 Killearn Plaza Circle Suite 101, Tallahassee, FL 32312June 01, 2009Full Service Brick and Mortar
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