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

This bank is inactive as of July 16, 2004

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

  • General
  • FDIC Certificate #: 27301
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank (#27515)
    Federal Reserve ID: 1211429
    Date Established: July 11, 1988
    WWW: http://www.flbk.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 15 (Interstate: No)
    OTS Docket #: 14083
    FDIC's unique #: 39449
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: July 11, 1988
    Last Structure Change Effective Date: July 16, 2004
    Last Structure Change Process Date: August 04, 2004
    Last Data Update: August 04, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 West Kennedy Boulevard, 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)
  • Financial Summary
  • Total assets: $1,027.0 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, 2003)

  • Dollar figures in thousands
  • 226Total employees (full-time equivalent)
  • $939,322Total assets
  • $81,506Cash and due from depository institutions
  • $1Interest-bearing balances
  • $52,513Securities
  • $30,416Federal funds sold & reverse repurchase agreements
  • $748,029Net loans & leases
  • $9,057Loan loss allowance
  • $0Trading account assets
  • $4,782Bank premises and fixed assets
  • $1,769Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $20,307All other assets
  • $939,322Total liabilities and capital
  • $858,306Total liabilities
  • $801,481Total deposits
  • $661,779Interest-bearing deposits
  • $801,481Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $33,508Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,047Other borrowed funds
  • $0Subordinated debt
  • $9,270All other liabilities
  • $81,016Total equity capital
  • $81,016Total bank equity capital
  • $81,016Perpetual preferred stock
  • $0Common stock
  • $2,065Surplus
  • $67,643Undivided profits
  • Memoranda
  • $11,308Noncurrent loans and leases
  • $254,349Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,763Earning assets
  • $0Long-term assets (5+ years)
  • $2,681Average Assets, year-to-date
  • $830,959Average Assets, quarterly
  • $155,102Volatile liabilities
  • $879,776Insider loans
  • $949,269FHLB advances
  • $442,840Loans and leases held for sale
  • $5,105Unused loan commitments
  • $10,693Tier 1 (core) risk-based capital
  • $223,485Tier 2 risk-based capital
  • $66,495Total risk weighted assets
  • $254,349Total unused commitments
  • $333Restructured Loans and leases
  • $9,057Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $43,454Total interest income
  • $16,194Total interest expense
  • $27,260Net interest income
  • $2,936Provision for loan and lease losses
  • $15,534Total noninterest income
  • $0Fiduciary activities
  • $1,595Service charges on deposit accounts
  • $0Trading account gains & fees
  • $13,939Additional noninterest income
  • $27,775Total noninterest expense
  • $19,495Salaries and employee benefits
  • $2,580Premises and equipment expense
  • $5,700Additional noninterest expense
  • $12,083Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,348Applicable income taxes
  • $7,735Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,735Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,142Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.53%Yield on earning assets
  • 2.06%Cost of funding earning assets
  • 3.47%Net interest margin
  • 1.98%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 10.67%Return on equity (ROE)
  • 10.67%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 257.09%Credit loss provision to net charge-offs
  • 13.15%Efficiency ratio
  • 64,904Assets per employee
  • 4.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 327.80%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 93.33%Net loans and leases to core deposits
  • 186.78%Equity capital to assets
  • 8.62%Core capital (leverage) ratio
  • 8.65%Tier 1 risk-based capital ratio
  • 10.26%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $879,776Average earning assets
  • $72,526Average equity
  • $785,950Average loans

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