Sabal Palm Bank in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Sabal Palm Bank - Overview

  • General
  • FDIC Certificate #: 58372
    Status: Active
    Federal Reserve ID: 3481703
    Date Established: October 10, 2006
    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 #: 448796
    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 10, 2006
    Last Structure Change Effective Date: November 13, 2007
    Last Structure Change Process Date: November 29, 2007
    Last Data Update: November 29, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 5101 Fruitville Road, Suite 100, Sarasota, FL 34232
    County: Sarasota
    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): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $83.5 mil
    Equity capital: $10.0 mil
    Deposits held in domestic offices: $73.4 mil
    Return on assets (ROA): -0.57% (-$0.5 mil)
    Quarterly return on assets: -0.66% (-$0.5 mil)
    Return on Equity (ROE): -4.90% (-$0.5 mil)
    Quarterly return on equity: -5.49% (-$0.5 mil)
    Net income: -$0.5 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.90% (-$751.2 mil)
    Quarterly Pretax return on assets: -1.04% (-$868.1 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
  • 15Total employees (full-time equivalent)
  • $83,471Total assets
  • $1,101Cash and due from depository institutions
  • $15Interest-bearing balances
  • $25,496Securities
  • $2,284Federal funds sold & reverse repurchase agreements
  • $49,316Net loans & leases
  • $664Loan loss allowance
  • $0Trading account assets
  • $775Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $83,471Life insurance assets
  • $4,499All other assets
  • $73,500Total liabilities and capital
  • $73,417Total liabilities
  • $61,596Total deposits
  • $73,417Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $83Subordinated debt
  • $9,971All other liabilities
  • $9,971Total equity capital
  • $9,971Total bank equity capital
  • $0Perpetual preferred stock
  • $1,786Common stock
  • $14,782Surplus
  • $-6,597Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,963Income earned, not collected on loans
  • $0Earning assets
  • $236Long-term assets (5+ years)
  • $77,111Average Assets, year-to-date
  • $42,002Average Assets, quarterly
  • $86,455Volatile liabilities
  • $84,294Insider loans
  • $52,095FHLB advances
  • $81,503Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,304Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,543Restructured Loans and leases
  • $3,142Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,483Total interest income
  • $661Total interest expense
  • $2,822Net interest income
  • $1,453Provision for loan and lease losses
  • $148Total noninterest income
  • $0Fiduciary activities
  • $46Service charges on deposit accounts
  • $0Trading account gains & fees
  • $102Additional noninterest income
  • $2,828Total noninterest expense
  • $1,283Salaries and employee benefits
  • $707Premises and equipment expense
  • $838Additional noninterest expense
  • -$1,311Pre-tax net operating income
  • $531Securities gains (losses)
  • -$288Applicable income taxes
  • -$492Income before extraordinary items
  • $0Extraordinary gains - net
  • -$492Net income attributable to bank
  • $0Net charge-offs
  • -$492Cash dividends
  • $1,457Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.35%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • -0.96%Net operating income to assets
  • -0.57%Return on assets (ROA)
  • -0.90%Pretax return on assets
  • -4.90%Return on equity (ROE)
  • -4.90%Retained earnings to average equity (YTD only)
  • 2.84%Net charge-offs to loans
  • 99.73%Credit loss provision to net charge-offs
  • 0.10%Efficiency ratio
  • 95,219Assets per employee
  • 5.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 33.83%Noncurrent assets plus other real estate owned to assets
  • 2.35%Noncurrent loans to loans
  • 3.93%Net loans and leases to deposits
  • 67.17%Net loans and leases to core deposits
  • 69.71%Equity capital to assets
  • 11.95%Core capital (leverage) ratio
  • 7.73%Tier 1 risk-based capital ratio
  • 12.10%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $86,455Average earning assets
  • $10,046Average equity
  • $80,153Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0448796Sabal Palm Bank5101 Fruitville Road, Suite 100, Sarasota, FL 34232October 10, 2006Full Service Brick and Mortar
    1477432Messenger Service5101 Fruitville Road, Suite 100, Sarasota, FL 34232May 05, 2008Limited Service Messenger
    2492481Venice Branch735 East Venice Avenue, Venice, FL 34285July 01, 2009Full Service Brick and Mortar

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