Flagship Community Bank in Clearwater, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Flagship Community Bank in Clearwater, Florida (FL)
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Flagship Community Bank routing number info

Flagship Community Bank - Overview

  • General
  • FDIC Certificate #: 58113
    Status: Active
    Federal Reserve ID: 3404999
    Date Established: January 23, 2006
    WWW: http://www.flagshipcommunitybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 439972
    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: January 23, 2006
    Last Structure Change Effective Date: November 06, 2006
    Last Structure Change Process Date: November 27, 2006
    Last Data Update: November 27, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 29750 Us Highway 19 North, Clearwater, FL 33761
    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
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $103.8 mil
    Equity capital: $11.9 mil
    Deposits held in domestic offices: $86.6 mil
    Return on assets (ROA): -0.36% (-$0.4 mil)
    Quarterly return on assets: -0.02% (-$0.0 mil)
    Return on Equity (ROE): -2.99% (-$0.4 mil)
    Quarterly return on equity: -0.20% (-$0.0 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.57% (-$591.8 mil)
    Quarterly Pretax return on assets: -0.03% (-$31.1 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
  • 22Total employees (full-time equivalent)
  • $103,817Total assets
  • $14,360Cash and due from depository institutions
  • $13,306Interest-bearing balances
  • $5,000Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $77,097Net loans & leases
  • $2,231Loan loss allowance
  • $0Trading account assets
  • $2,113Bank premises and fixed assets
  • $2,286Other real estate owned
  • $0Goodwill and other intangibles
  • $103,817Life insurance assets
  • $2,961All other assets
  • $91,922Total liabilities and capital
  • $86,610Total liabilities
  • $81,144Total deposits
  • $86,610Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $312Subordinated debt
  • $11,895All other liabilities
  • $11,895Total equity capital
  • $11,895Total bank equity capital
  • $0Perpetual preferred stock
  • $7,775Common stock
  • $6,845Surplus
  • $-2,725Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,944Income earned, not collected on loans
  • $0Earning assets
  • $282Long-term assets (5+ years)
  • $95,403Average Assets, year-to-date
  • $2,537Average Assets, quarterly
  • $100,230Volatile liabilities
  • $105,794Insider loans
  • $80,219FHLB advances
  • $105,250Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,050Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,382Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,946Total interest income
  • $1,030Total interest expense
  • $3,916Net interest income
  • $1,384Provision for loan and lease losses
  • $313Total noninterest income
  • $0Fiduciary activities
  • $51Service charges on deposit accounts
  • $0Trading account gains & fees
  • $262Additional noninterest income
  • $3,414Total noninterest expense
  • $1,772Salaries and employee benefits
  • $532Premises and equipment expense
  • $1,110Additional noninterest expense
  • -$569Pre-tax net operating income
  • $0Securities gains (losses)
  • -$209Applicable income taxes
  • -$360Income before extraordinary items
  • $0Extraordinary gains - net
  • -$360Net income attributable to bank
  • $0Net charge-offs
  • -$360Cash dividends
  • $864Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.35%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 4.24%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • -0.36%Net operating income to assets
  • -0.36%Return on assets (ROA)
  • -0.57%Pretax return on assets
  • -2.99%Return on equity (ROE)
  • -2.99%Retained earnings to average equity (YTD only)
  • 1.04%Net charge-offs to loans
  • 160.19%Credit loss provision to net charge-offs
  • 0.94%Efficiency ratio
  • 80,728Assets per employee
  • 4.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.81%Loss allowance to noncurrent loans
  • 37.53%Noncurrent assets plus other real estate owned to assets
  • 7.93%Noncurrent loans to loans
  • 7.49%Net loans and leases to deposits
  • 89.02%Net loans and leases to core deposits
  • 111.72%Equity capital to assets
  • 11.46%Core capital (leverage) ratio
  • 9.55%Tier 1 risk-based capital ratio
  • 12.53%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $100,230Average earning assets
  • $12,023Average equity
  • $92,428Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0439972Flagship Community Bank29750 Us Highway 19 North, Clearwater, FL 33761January 23, 2006Full Service Brick and Mortar
    2456592Oldsmar Branch4095 Tampa Road, Oldsmar, FL 34677November 06, 2006Full Service Brick and Mortar
    3474395Messenger Service27950 Us Highway 19 North, Clearwater, FL 33761May 05, 2008Limited Service Messenger

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