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


  • Florida Bank in Tampa, Florida (FL)
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Florida Bank - Overview

  • General
  • FDIC Certificate #: 26280
    Status: Active
    Federal Reserve ID: 704737
    Bank Holding Company (Regulatory Top Holder): Florida Bank Group, Inc. (RSSDID: 3557626, Location: Tampa, FL)
    Date Established: July 03, 1985
    WWW: http://www.flbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Domestic: 14, Interstate: No)
    FDIC's unique #: 32670
    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: July 03, 1985
    Last Structure Change Effective Date: March 31, 2009
    Last Structure Change Process Date: April 02, 2009
    Last Data Update: April 02, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 North Franklin Street, Tampa, FL 33602
    County: Hillsborough
    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: $729.2 mil
    Equity capital: $46.8 mil
    Deposits held in domestic offices: $611.6 mil
    Return on assets (ROA): -2.18% (-$15.9 mil)
    Quarterly return on assets: -0.01% (-$0.1 mil)
    Return on Equity (ROE): -35.41% (-$16.6 mil)
    Quarterly return on equity: -0.13% (-$0.1 mil)
    Net income: -$17.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -2.27% (-$16,553.0 mil)
    Quarterly Pretax return on assets: -0.40% (-$2,916.8 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
  • 139Total employees (full-time equivalent)
  • $729,205Total assets
  • $76,539Cash and due from depository institutions
  • $68,164Interest-bearing balances
  • $149,226Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $460,422Net loans & leases
  • $19,463Loan loss allowance
  • $0Trading account assets
  • $24,845Bank premises and fixed assets
  • $6,770Other real estate owned
  • $0Goodwill and other intangibles
  • $729,205Life insurance assets
  • $11,403All other assets
  • $682,443Total liabilities and capital
  • $611,582Total liabilities
  • $534,555Total deposits
  • $611,582Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $67,700Trading liabilities
  • $0Other borrowed funds
  • $3,161Subordinated debt
  • $46,762All other liabilities
  • $46,762Total equity capital
  • $46,762Total bank equity capital
  • $0Perpetual preferred stock
  • $1,060Common stock
  • $143,137Surplus
  • $-97,435Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $39,975Income earned, not collected on loans
  • $0Earning assets
  • $1,831Long-term assets (5+ years)
  • $677,812Average Assets, year-to-date
  • $150,161Average Assets, quarterly
  • $782,407Volatile liabilities
  • $736,662Insider loans
  • $479,262FHLB advances
  • $734,370Loans and leases held for sale
  • $723Unused loan commitments
  • $723Tier 1 (core) risk-based capital
  • $45,578Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $54,326Restructured Loans and leases
  • $7,164Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $32,824Total interest income
  • $12,119Total interest expense
  • $20,705Net interest income
  • $15,962Provision for loan and lease losses
  • -$616Total noninterest income
  • $0Fiduciary activities
  • $893Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,509Additional noninterest income
  • $22,006Total noninterest expense
  • $10,596Salaries and employee benefits
  • $4,309Premises and equipment expense
  • $7,101Additional noninterest expense
  • -$17,879Pre-tax net operating income
  • $85Securities gains (losses)
  • -$715Applicable income taxes
  • -$17,079Income before extraordinary items
  • $0Extraordinary gains - net
  • -$17,079Net income attributable to bank
  • $0Net charge-offs
  • -$17,079Cash dividends
  • $17,329Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 1.66%Cost of funding earning assets
  • 2.83%Net interest margin
  • -0.08%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • -2.19%Net operating income to assets
  • -2.18%Return on assets (ROA)
  • -2.27%Pretax return on assets
  • -35.41%Return on equity (ROE)
  • -35.41%Retained earnings to average equity (YTD only)
  • 3.21%Net charge-offs to loans
  • 92.11%Credit loss provision to net charge-offs
  • -0.11%Efficiency ratio
  • 109,543Assets per employee
  • 5.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.06%Loss allowance to noncurrent loans
  • 48.69%Noncurrent assets plus other real estate owned to assets
  • 6.41%Noncurrent loans to loans
  • 8.33%Net loans and leases to deposits
  • 75.28%Net loans and leases to core deposits
  • 85.45%Equity capital to assets
  • 6.41%Core capital (leverage) ratio
  • 6.21%Tier 1 risk-based capital ratio
  • 9.51%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $782,407Average earning assets
  • $48,238Average equity
  • $730,494Average loans

List of branches

  • 14 Florida Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    032670Florida Bank201 North Franklin Street, Tampa, FL 33602July 03, 1985Full Service Brick and Mortar
    125869434th North Branch3065 34th Street North, St. Petersburg, FL 33713June 08, 1998Full Service Brick and Mortar
    2430120St. Petersburg Branch777 Pasadena Avenue South, Saint Petersburg, FL 33707May 28, 2004Full Service Brick and Mortar
    3442560Himes Avenue Branch4105 N Himes Avenue, Tampa, FL 33607Febuary 01, 2005Full Service Brick and Mortar
    4442630St Pete Downtown Branch500 4th Street North, Saint Petersburg, FL 33701April 22, 2005Full Service Brick and Mortar
    5452311Dale Mabry Office Branch1108-B S. Dale Mabry Hwy, Tampa, FL 33629November 25, 2005Full Service Brick and Mortar
    6466973North Tampa Branch3001 Cove Bend Drive, Tampa, FL 33613November 22, 2006Full Service Brick and Mortar
    7480074East Lake Branch3100 Tampa Road, Oldsmar, FL 34677May 15, 2008Full Service Brick and Mortar
    9359541Bnak Of Tallahassee Branch3425-23 Thomasville Road, Tallahassee, FL 32309November 05, 2001Full Service Brick and Mortar
    10445166Kerry Forest Parkway Branch2915 Kerry Forest Parkway, Tallahassee, FL 32309August 08, 2005Full Service Brick and Mortar
    12419150Florida Bank Of Jacksonville Branch135 West Bay Street, Jacksonville, FL 32202Febuary 17, 2004Full Service Brick and Mortar
    13481686Ponte Vedra Beach Branch250 A1a North, Ponte Vedra Beach, FL 32082August 18, 2008Full Service Brick and Mortar
    14490046Ortega Branch4211 San Juan Avenue, Jacksonville, FL 32210April 16, 2009Full Service Brick and Mortar
    15494784University Parkway Branch3704 84th Ave Circle E, Sarasota, FL 34243December 06, 2008Full Service Brick and Mortar

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