Stonegate Bank in Fort Lauderdale, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Stonegate Bank - Overview

  • General
  • FDIC Certificate #: 57934
    Status: Active
    Federal Reserve ID: 3339046
    Date Established: March 07, 2005
    WWW: http://www.stonegatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 431977
    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: March 07, 2005
    Last Structure Change Effective Date: June 17, 2011
    Last Structure Change Process Date: June 20, 2011
    Last Data Update: June 20, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1430 North Federal Highway, Fort Lauderdale, FL 33304
    County: Broward
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Lauderdale, FL (#2680)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $855.0 mil
    Equity capital: $118.0 mil
    Deposits held in domestic offices: $674.1 mil
    Return on assets (ROA): 1.46% ($12.5 mil)
    Quarterly return on assets: 1.32% ($11.3 mil)
    Return on Equity (ROE): 10.59% ($12.5 mil)
    Quarterly return on equity: 9.61% ($11.3 mil)
    Net income: $11.5 mil
    Quarterly Net income: $2.8 mil
    Pretax return on assets: 2.02% ($17,270.0 mil)
    Quarterly Pretax return on assets: 1.10% ($9,404.5 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
  • 112Total employees (full-time equivalent)
  • $854,952Total assets
  • $70,864Cash and due from depository institutions
  • $18,298Interest-bearing balances
  • $138,080Securities
  • $3,900Federal funds sold & reverse repurchase agreements
  • $586,180Net loans & leases
  • $14,403Loan loss allowance
  • $0Trading account assets
  • $12,456Bank premises and fixed assets
  • $5,956Other real estate owned
  • $1,633Goodwill and other intangibles
  • $854,952Life insurance assets
  • $35,883All other assets
  • $736,904Total liabilities and capital
  • $674,107Total liabilities
  • $571,853Total deposits
  • $674,107Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 26712.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,180Trading liabilities
  • $0Other borrowed funds
  • $15,905Subordinated debt
  • $118,048All other liabilities
  • $118,048Total equity capital
  • $118,048Total bank equity capital
  • $0Perpetual preferred stock
  • $41,202Common stock
  • $51,507Surplus
  • $25,339Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,379Income earned, not collected on loans
  • $0Earning assets
  • $2,025Long-term assets (5+ years)
  • $746,458Average Assets, year-to-date
  • $268,335Average Assets, quarterly
  • $788,430Volatile liabilities
  • $851,431Insider loans
  • $656,511FHLB advances
  • $850,097Loans and leases held for sale
  • $16,329Unused loan commitments
  • $5,118Tier 1 (core) risk-based capital
  • $114,255Tier 2 risk-based capital
  • $5,852Total risk weighted assets
  • $5,359Total unused commitments
  • $99,722Restructured Loans and leases
  • $4,570Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $37,865Total interest income
  • $7,985Total interest expense
  • $29,880Net interest income
  • $12,263Provision for loan and lease losses
  • $21,408Total noninterest income
  • $0Fiduciary activities
  • $468Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20,940Additional noninterest income
  • $23,685Total noninterest expense
  • $11,130Salaries and employee benefits
  • $3,341Premises and equipment expense
  • $9,214Additional noninterest expense
  • $15,340Pre-tax net operating income
  • $591Securities gains (losses)
  • $4,387Applicable income taxes
  • $11,544Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,544Net income attributable to bank
  • $0Net charge-offs
  • $11,544Cash dividends
  • $8,406Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.39%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 4.25%Net interest margin
  • 3.05%Noninterest income to earning assets
  • 3.37%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 2.02%Pretax return on assets
  • 10.59%Return on equity (ROE)
  • 10.59%Retained earnings to average equity (YTD only)
  • 1.56%Net charge-offs to loans
  • 145.88%Credit loss provision to net charge-offs
  • 3.28%Efficiency ratio
  • 45,798Assets per employee
  • 7.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.40%Loss allowance to noncurrent loans
  • 138.77%Noncurrent assets plus other real estate owned to assets
  • 1.91%Noncurrent loans to loans
  • 1.73%Net loans and leases to deposits
  • 86.96%Net loans and leases to core deposits
  • 114.62%Equity capital to assets
  • 13.81%Core capital (leverage) ratio
  • 13.44%Tier 1 risk-based capital ratio
  • 17.40%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $788,430Average earning assets
  • $108,980Average equity
  • $702,615Average loans

List of branches

  • 10 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0431977Stonegate Bank1430 North Federal Highway, Fort Lauderdale, FL 33304March 07, 2005Full Service Brick and Mortar
    1441348Boca Raton Branch301 Yamato Road, Boca Raton, FL 33431April 25, 2005Full Service Brick and Mortar
    2455725Jupiter Branch3555 Military Trail, Jupiter, FL 33458September 27, 2006Full Service Brick and Mortar
    3464790North University Branch1750 North University Drive, Coral Springs, FL 33071June 25, 2007Full Service Brick and Mortar
    6432623Partners Bank Branch3021 Airport-Pulling Road North, Naples, FL 34105August 24, 2005Full Service Brick and Mortar
    15511137Jupiter Lpo3535 Military Trail, Jupiter, FL 33458June 15, 2006Limited Service Loan Production
    16515742Coral Gables Branch121 Alhabra Plaza, Suite 1515, Coral Gables, FL 33134January 12, 2011Full Service Brick and Mortar
    17445213Fort Myers Branch12670 Creekside Lane, Suite 101, Fort Myers, FL 33919July 24, 2006Full Service Brick and Mortar
    18469194Pine Island Office Branch10530 Stringfellow Road, Bokeelia, FL 33922October 16, 2007Full Service Brick and Mortar
    2040415Commercial Bank Of Tampa Bay Bank Br4600 West Kennedy Boulevard, Tampa, FL 33609September 13, 1989Full Service Brick and Mortar

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