Surety Bank in Deland, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Surety Bank - Overview

  • General
  • FDIC Certificate #: 33026
    Status: Active
    Federal Reserve ID: 374774
    Date Established: January 01, 1926
    WWW: http://www.mysuretybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 46234
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 17, 1990
    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: 990 North Woodland Boulevard, Deland, FL 32720
    County: Volusia
    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): Daytona Beach, FL (#2020)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660)
    CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $111.7 mil
    Equity capital: $11.7 mil
    Deposits held in domestic offices: $99.5 mil
    Return on assets (ROA): -0.41% (-$0.5 mil)
    Quarterly return on assets: 1.03% ($1.2 mil)
    Return on Equity (ROE): -4.33% (-$0.5 mil)
    Quarterly return on equity: 10.08% ($1.2 mil)
    Net income: -$0.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: -0.41% (-$457.8 mil)
    Quarterly Pretax return on assets: 1.03% ($1,150.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 16Total employees (full-time equivalent)
  • $111,664Total assets
  • $8,066Cash and due from depository institutions
  • $5,219Interest-bearing balances
  • $20,225Securities
  • $345Federal funds sold & reverse repurchase agreements
  • $77,775Net loans & leases
  • $3,059Loan loss allowance
  • $0Trading account assets
  • $1,002Bank premises and fixed assets
  • $3,413Other real estate owned
  • $0Goodwill and other intangibles
  • $111,664Life insurance assets
  • $838All other assets
  • $100,010Total liabilities and capital
  • $99,500Total liabilities
  • $87,368Total deposits
  • $99,500Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $510Subordinated debt
  • $11,654All other liabilities
  • $11,654Total equity capital
  • $11,654Total bank equity capital
  • $0Perpetual preferred stock
  • $1,610Common stock
  • $5,382Surplus
  • $4,662Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,136Income earned, not collected on loans
  • $0Earning assets
  • $517Long-term assets (5+ years)
  • $103,564Average Assets, year-to-date
  • $48,543Average Assets, quarterly
  • $116,514Volatile liabilities
  • $112,747Insider loans
  • $86,269FHLB advances
  • $113,644Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,825Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,575Restructured Loans and leases
  • $1,928Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,402Total interest income
  • $2,837Total interest expense
  • $3,565Net interest income
  • $330Provision for loan and lease losses
  • -$234Total noninterest income
  • $0Fiduciary activities
  • $52Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$286Additional noninterest income
  • $3,565Total noninterest expense
  • $965Salaries and employee benefits
  • $245Premises and equipment expense
  • $2,355Additional noninterest expense
  • -$564Pre-tax net operating income
  • $82Securities gains (losses)
  • $0Applicable income taxes
  • -$482Income before extraordinary items
  • $0Extraordinary gains - net
  • -$482Net income attributable to bank
  • $0Net charge-offs
  • -$482Cash dividends
  • $1,710Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.93%Yield on earning assets
  • 2.63%Cost of funding earning assets
  • 3.30%Net interest margin
  • -0.22%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • -0.48%Net operating income to assets
  • -0.41%Return on assets (ROA)
  • -0.41%Pretax return on assets
  • -4.33%Return on equity (ROE)
  • -4.33%Retained earnings to average equity (YTD only)
  • 1.96%Net charge-offs to loans
  • 19.30%Credit loss provision to net charge-offs
  • -0.14%Efficiency ratio
  • 107,025Assets per employee
  • 6.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.78%Loss allowance to noncurrent loans
  • 73.96%Noncurrent assets plus other real estate owned to assets
  • 6.76%Noncurrent loans to loans
  • 5.12%Net loans and leases to deposits
  • 78.17%Net loans and leases to core deposits
  • 82.55%Equity capital to assets
  • 10.44%Core capital (leverage) ratio
  • 9.53%Tier 1 risk-based capital ratio
  • 12.55%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $116,514Average earning assets
  • $11,134Average equity
  • $108,028Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046234Surety Bank990 North Woodland Boulevard, Deland, FL 32720January 01, 1926Full Service Brick and Mortar
    1289196Mason-Nova Branch1011 Mason Avenue, Daytona Beach, FL 32117March 28, 1996Full Service Brick and Mortar

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