The Royal Palm Bank of Florida in Naples, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Royal Palm Bank of Florida - Overview

  • General
  • FDIC Certificate #: 57096
    Status: Active
    Federal Reserve ID: 3076190
    Bank Holding Company (Regulatory Top Holder): Mercantile Bancorp, Inc. (RSSDID: 1099328, Location: Quincy, IL)
    Date Established: December 17, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 357495
    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: December 17, 2001
    Last Structure Change Effective Date: July 18, 2011
    Last Structure Change Process Date: July 18, 2011
    Last Data Update: July 18, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1255 Creekside Parkway, Naples, FL 34108
    County: Collier
    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): Naples, FL (#5345)
    Core Based Statistical Area (CBSA): Naples-Marco Island, FL (#34940)
    CBSA Metro Statistical Area: Naples-Marco Island, FL (#34940)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $89.1 mil
    Equity capital: $2.1 mil
    Deposits held in domestic offices: $86.4 mil
    Return on assets (ROA): -2.69% (-$2.4 mil)
    Quarterly return on assets: -0.29% (-$0.3 mil)
    Return on Equity (ROE): -105.77% (-$2.1 mil)
    Quarterly return on equity: -12.57% (-$0.3 mil)
    Net income: -$2.8 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -2.69% (-$2,397.6 mil)
    Quarterly Pretax return on assets: -0.29% (-$258.5 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
  • 28Total employees (full-time equivalent)
  • $89,129Total assets
  • $12,352Cash and due from depository institutions
  • $10,908Interest-bearing balances
  • $2,006Securities
  • $7,825Federal funds sold & reverse repurchase agreements
  • $55,521Net loans & leases
  • $4,819Loan loss allowance
  • $0Trading account assets
  • $1,821Bank premises and fixed assets
  • $7,149Other real estate owned
  • $4Goodwill and other intangibles
  • $89,129Life insurance assets
  • $2,451All other assets
  • $87,043Total liabilities and capital
  • $86,383Total liabilities
  • $74,189Total deposits
  • $86,383Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $660Subordinated debt
  • $2,086All other liabilities
  • $2,086Total equity capital
  • $2,086Total bank equity capital
  • $0Perpetual preferred stock
  • $5,191Common stock
  • $60,057Surplus
  • $-63,162Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,705Income earned, not collected on loans
  • $0Earning assets
  • $212Long-term assets (5+ years)
  • $76,260Average Assets, year-to-date
  • $1,400Average Assets, quarterly
  • $104,367Volatile liabilities
  • $92,554Insider loans
  • $61,374FHLB advances
  • $93,767Loans and leases held for sale
  • $1,898Unused loan commitments
  • $1,898Tier 1 (core) risk-based capital
  • $2,050Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $558Restructured Loans and leases
  • $515Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,826Total interest income
  • $1,213Total interest expense
  • $2,613Net interest income
  • $513Provision for loan and lease losses
  • $62Total noninterest income
  • $0Fiduciary activities
  • $53Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9Additional noninterest income
  • $5,178Total noninterest expense
  • $2,413Salaries and employee benefits
  • $753Premises and equipment expense
  • $2,012Additional noninterest expense
  • -$3,016Pre-tax net operating income
  • $209Securities gains (losses)
  • $0Applicable income taxes
  • -$2,807Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,807Net income attributable to bank
  • $0Net charge-offs
  • -$2,807Cash dividends
  • $4,300Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.19%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 2.86%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 5.67%Noninterest expense to earning assets
  • -2.89%Net operating income to assets
  • -2.69%Return on assets (ROA)
  • -2.69%Pretax return on assets
  • -105.77%Return on equity (ROE)
  • -105.77%Retained earnings to average equity (YTD only)
  • 6.02%Net charge-offs to loans
  • 11.93%Credit loss provision to net charge-offs
  • -0.58%Efficiency ratio
  • 193,084Assets per employee
  • 3.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.99%Loss allowance to noncurrent loans
  • 55.36%Noncurrent assets plus other real estate owned to assets
  • 17.79%Noncurrent loans to loans
  • 14.43%Net loans and leases to deposits
  • 64.27%Net loans and leases to core deposits
  • 65.42%Equity capital to assets
  • 2.34%Core capital (leverage) ratio
  • 2.19%Tier 1 risk-based capital ratio
  • 3.34%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $104,367Average earning assets
  • $2,654Average equity
  • $91,297Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0357495The Royal Palm Bank Of Florida1255 Creekside Parkway, Naples, FL 34108December 17, 2001Full Service Brick and Mortar
    1363337Branch Messenger Service1225 Creekside Parkway, Naples, FL 34110March 01, 2002Limited Service Messenger
    2366270Marco Island Branch690 Bald Eagle Drive, Marco Island, FL 34145January 21, 2003Full Service Brick and Mortar
    3447424Fort Myers Office7040 Winkler Road, Fort Myers, FL 33919January 30, 2006Full Service Brick and Mortar

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