The Oculina Bank in Fort Pierce, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Oculina Bank in Fort Pierce, Florida (FL)
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The Oculina Bank - Overview

  • General
  • FDIC Certificate #: 57559
    Status: Active
    Federal Reserve ID: 3218280
    Bank Holding Company (Regulatory Top Holder): Colonial Banc Corp. (RSSDID: 1070840, Location: Eaton, OH)
    Date Established: January 02, 2004
    WWW: http://www.oculinabank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 17955
    FDIC's unique #: 365574
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 02, 2004
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1100 Colonnades Drive, Fort Pierce, FL 34950
    County: St. Lucie
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    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 Pierce-Port St. Lucie, FL (#2710)
    Combined Statistical Area (CSA): Port St. Lucie-Sebastian-Vero Beach, FL (#442)
    Core Based Statistical Area (CBSA): Port St. Lucie, FL (#38940)
    CBSA Metro Statistical Area: Port St. Lucie, FL (#38940)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $138.3 mil
    Equity capital: $12.8 mil
    Deposits held in domestic offices: $125.2 mil
    Return on assets (ROA): -0.30% (-$0.4 mil)
    Quarterly return on assets: -0.28% (-$0.4 mil)
    Return on Equity (ROE): -3.21% (-$0.4 mil)
    Quarterly return on equity: -2.92% (-$0.4 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.52% (-$718.9 mil)
    Quarterly Pretax return on assets: -0.48% (-$663.6 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
  • 52Total employees (full-time equivalent)
  • $138,259Total assets
  • $26,028Cash and due from depository institutions
  • $22,790Interest-bearing balances
  • $5,907Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $93,805Net loans & leases
  • $2,271Loan loss allowance
  • $0Trading account assets
  • $3,762Bank premises and fixed assets
  • $4,620Other real estate owned
  • $64Goodwill and other intangibles
  • $138,259Life insurance assets
  • $4,073All other assets
  • $125,410Total liabilities and capital
  • $125,249Total liabilities
  • $109,608Total deposits
  • $125,249Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $161Subordinated debt
  • $12,849All other liabilities
  • $12,849Total equity capital
  • $12,849Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $19,080Surplus
  • $-6,231Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,038Income earned, not collected on loans
  • $0Earning assets
  • $296Long-term assets (5+ years)
  • $122,502Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $132,454Volatile liabilities
  • $135,396Insider loans
  • $89,572FHLB advances
  • $137,189Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,781Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,243Restructured Loans and leases
  • $1,578Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,062Total interest income
  • $1,240Total interest expense
  • $4,822Net interest income
  • $1,725Provision for loan and lease losses
  • $709Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $33Trading account gains & fees
  • $676Additional noninterest income
  • $4,735Total noninterest expense
  • $2,459Salaries and employee benefits
  • $1,199Premises and equipment expense
  • $1,077Additional noninterest expense
  • -$929Pre-tax net operating income
  • $239Securities gains (losses)
  • -$287Applicable income taxes
  • -$403Income before extraordinary items
  • $0Extraordinary gains - net
  • -$403Net income attributable to bank
  • $0Net charge-offs
  • -$403Cash dividends
  • $2,021Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 4.05%Noninterest expense to earning assets
  • -0.42%Net operating income to assets
  • -0.30%Return on assets (ROA)
  • -0.52%Pretax return on assets
  • -3.21%Return on equity (ROE)
  • -3.21%Retained earnings to average equity (YTD only)
  • 2.11%Net charge-offs to loans
  • 85.35%Credit loss provision to net charge-offs
  • 0.39%Efficiency ratio
  • 85,608Assets per employee
  • 2.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 45.08%Noncurrent assets plus other real estate owned to assets
  • 6.99%Noncurrent loans to loans
  • 5.24%Net loans and leases to deposits
  • 74.89%Net loans and leases to core deposits
  • 77.51%Equity capital to assets
  • 9.29%Core capital (leverage) ratio
  • 8.59%Tier 1 risk-based capital ratio
  • 13.15%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $132,454Average earning assets
  • $12,544Average equity
  • $116,772Average loans

List of branches

  • 8 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0365574The Oculina Bank1100 Colonnades Drive, Fort Pierce, FL 34950January 02, 2004Full Service Brick and Mortar
    1463798Vero Beach Branch780 Us-1 & 8th Street, Vero Beach, FL 32962July 05, 2005Full Service Brick and Mortar
    2492575Palm City Branch1030 Sw Martin Downs Blvd, Palm City, FL 34990November 30, 2007Full Service Brick and Mortar
    3492576Sebastian Beach13600 Us Hwy 1, Sebastian, FL 32958December 17, 2007Full Service Brick and Mortar
    4492577Aviation Blvd Branch3402 Aviation Blvd, Vero Beach, FL 32960Febuary 11, 2008Full Service Brick and Mortar
    5492578Port St. Lucie Branch4007 Sw Port St Lucie Blvd, Port Saint Lucie, FL 34953June 23, 2008Full Service Brick and Mortar
    649524456 N Broadway Street56 N Broadway Street, Fellsmere, FL 32948Febuary 12, 2007Full Service Brick and Mortar
    7495245610 Delaware Branch610 Delaware Avenue, Fort Pierce, FL 34950November 13, 2008Full Service Retail

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