USAmeriBank in Largo, Florida (FL), AL
Overview, Financial Summary, Detailed Financial Reports, Branches

  • USAmeriBank in Largo, Florida (FL), AL
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USAmeriBank - Overview

  • General
  • FDIC Certificate #: 58427
    Status: Active
    Federal Reserve ID: 3536407
    Bank Holding Company (Regulatory Top Holder): Usameribancorp, Inc. (RSSDID: 3536386, Location: Clearwater, FL)
    Date Established: Febuary 12, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 23 (Domestic: 23, Interstate: Yes)
    FDIC's unique #: 451437
    Numeric code: 13
    Regulator: FED
    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: Febuary 12, 2007
    Last Structure Change Effective Date: December 31, 2011
    Last Structure Change Process Date: January 04, 2012
    Last Data Update: January 04, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1125 East Bay Drive, Largo, FL 33770
    County: Pinellas
    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): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $2,120.8 mil
    Equity capital: $202.0 mil
    Deposits held in domestic offices: $1,722.4 mil
    Return on assets (ROA): 0.63% ($13.4 mil)
    Quarterly return on assets: 0.44% ($9.3 mil)
    Return on Equity (ROE): 7.52% ($15.2 mil)
    Quarterly return on equity: 5.04% ($10.2 mil)
    Net income: $7.9 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 1.01% ($21,419.7 mil)
    Quarterly Pretax return on assets: 0.76% ($16,117.8 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
  • 462Total employees (full-time equivalent)
  • $2,120,766Total assets
  • $105,403Cash and due from depository institutions
  • $57,916Interest-bearing balances
  • $283,729Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,551,099Net loans & leases
  • $26,299Loan loss allowance
  • $5,297Trading account assets
  • $47,619Bank premises and fixed assets
  • $12,616Other real estate owned
  • $17,930Goodwill and other intangibles
  • $2,120,766Life insurance assets
  • $97,073All other assets
  • $1,918,747Total liabilities and capital
  • $1,722,431Total liabilities
  • $1,280,261Total deposits
  • $1,722,431Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 21088.00%% insured (estimated)
  • $5,297Federal funds purchased & repurchase agreements
  • $163,052Trading liabilities
  • $0Other borrowed funds
  • $6,879Subordinated debt
  • $202,019All other liabilities
  • $202,019Total equity capital
  • $202,019Total bank equity capital
  • $0Perpetual preferred stock
  • $6,050Common stock
  • $182,418Surplus
  • $13,551Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $15,529Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $32,398Income earned, not collected on loans
  • $643Earning assets
  • $6,258Long-term assets (5+ years)
  • $1,892,744Average Assets, year-to-date
  • $375,799Average Assets, quarterly
  • $1,266,883Volatile liabilities
  • $1,631,660Insider loans
  • $1,591,164FHLB advances
  • $1,157,542Loans and leases held for sale
  • $28,190Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $176,544Tier 2 risk-based capital
  • $22,838Total risk weighted assets
  • $5,352Total unused commitments
  • $336,312Restructured Loans and leases
  • $38,413Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $49,188Total interest income
  • $9,384Total interest expense
  • $39,804Net interest income
  • $8,313Provision for loan and lease losses
  • $4,085Total noninterest income
  • $0Fiduciary activities
  • $767Service charges on deposit accounts
  • $1,244Trading account gains & fees
  • $2,074Additional noninterest income
  • $23,384Total noninterest expense
  • $14,475Salaries and employee benefits
  • $2,436Premises and equipment expense
  • $6,473Additional noninterest expense
  • $12,192Pre-tax net operating income
  • $557Securities gains (losses)
  • $4,827Applicable income taxes
  • $7,922Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,922Net income attributable to bank
  • $0Net charge-offs
  • $7,922Cash dividends
  • $5,859Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.31%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.49%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.05%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 7.52%Return on equity (ROE)
  • 7.52%Retained earnings to average equity (YTD only)
  • 0.59%Net charge-offs to loans
  • 141.88%Credit loss provision to net charge-offs
  • 3.50%Efficiency ratio
  • 53,041Assets per employee
  • 4.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 81.17%Noncurrent assets plus other real estate owned to assets
  • 2.12%Noncurrent loans to loans
  • 2.05%Net loans and leases to deposits
  • 90.05%Net loans and leases to core deposits
  • 102.98%Equity capital to assets
  • 9.53%Core capital (leverage) ratio
  • 15.25%Tier 1 risk-based capital ratio
  • 11.10%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,266,883Average earning assets
  • $105,403Average equity
  • $1,141,867Average loans

List of branches

  • 15 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    91807Alexander Aliant Branch200 Alliant Parkway, Alexander City, AL 35010May 24, 1900Full Service Brick and Mortar
    10194201Mill Square Branch1154 Lee Street, Alexander City, AL 35010September 29, 1977Full Service Brick and Mortar
    11194202Crestline Branch92 Euclid Avenue, Birmingham, AL 35213July 15, 1996Full Service Brick and Mortar
    1217595Wetumpka Branch5236 U.S. Highway 231, Wetumpka, AL 36092October 26, 1984Full Service Brick and Mortar
    1315994Zelda Road Branch2740 Zelda Road, Montgomery, AL 36106June 18, 1979Full Service Brick and Mortar
    14255537Eastmont Branch5400 Atlanta Highway, Montgomery, AL 36109May 05, 1980Full Service Brick and Mortar
    15255539Southeast Branch2843 East South Boulevard, Montgomery, AL 36116May 02, 1983Full Service Brick and Mortar
    16255540Bibb Street Branch500 Bibb Street, Montgomery, AL 36106July 01, 1989Full Service Brick and Mortar
    17255541Festival Plaza Branch7911 Vaughn Road, Montgomery, AL 36106March 01, 1996Full Service Brick and Mortar
    18194203Millbrook Branch3740 Highway 14 At Highway 143, Millbrook, AL 36054March 03, 1997Full Service Brick and Mortar
    19194204Meadowbrook Branch1100 Corporate Parkway, Hoover, AL 35242November 27, 1997Full Service Brick and Mortar
    20194205Dadeville Branch391 North Broadnax Street, Dadeville, AL 36853August 31, 1998Full Service Brick and Mortar
    21453021Alabaster Branch50 Jinny Gould Drive, Alabaster, AL 35007September 27, 2005Full Service Brick and Mortar
    22478932Pell City Branch2401 Stemley Bridge Road Suite 13a, Pell City, AL 35128December 18, 2007Full Service Brick and Mortar
    23492747Gardendale Branch210 Fieldtown Road Suite 142, Gardendale, AL 35071April 09, 2009Full Service Brick and Mortar
  • 8 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0451437Usameribank1125 East Bay Drive, Largo, FL 33770Febuary 12, 2007Full Service Brick and Mortar
    2468338Downtown Tampa Branch113 E. Whiting Street, Tampa, FL 33602September 17, 2007Full Service Brick and Mortar
    3478479South Tampa Branch1921 S Dale Mabry Hwy, Tampa, FL 33629January 30, 2008Full Service Brick and Mortar
    4430464Clearwater Branch1617 Gulf-To-bay Blvd, Clearwater, FL 33755Febuary 22, 2005Full Service Brick and Mortar
    5442453Brandon Branch668 Oakfield Drive, Brandon, FL 33511May 31, 2005Full Service Brick and Mortar
    6510778Usameribank Operations Center Branch4790 140th Avenue N., Clearwater, FL 33762June 21, 2010Limited Service Administrative
    7511146Carrollwood Branch3702 West Bearss Avenue, Tampa, FL 33618August 02, 2010Full Service Brick and Mortar
    85178204th Street Branch1840 4th Street North, Saint Petersburg, FL 33704March 17, 2011Full Service Brick and Mortar

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