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


  • Platinum Bank in Brandon, Florida (FL)
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Platinum Bank routing number info

Platinum Bank - Overview

  • General
  • FDIC Certificate #: 34620
    Status: Active
    Federal Reserve ID: 2631314
    Date Established: December 08, 1997
    WWW: http://www.platinumbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 60843
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 08, 1997
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 802 West Lumsden Road, Brandon, FL 33511
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $400.0 mil
    Equity capital: $33.9 mil
    Deposits held in domestic offices: $316.4 mil
    Return on assets (ROA): 0.49% ($2.0 mil)
    Quarterly return on assets: 0.35% ($1.4 mil)
    Return on Equity (ROE): 5.77% ($2.0 mil)
    Quarterly return on equity: 4.10% ($1.4 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.49% ($1,960.1 mil)
    Quarterly Pretax return on assets: 0.35% ($1,400.1 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
  • 67Total employees (full-time equivalent)
  • $400,030Total assets
  • $49,088Cash and due from depository institutions
  • $41,924Interest-bearing balances
  • $46,796Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $286,938Net loans & leases
  • $5,241Loan loss allowance
  • $0Trading account assets
  • $7,269Bank premises and fixed assets
  • $4,644Other real estate owned
  • $0Goodwill and other intangibles
  • $400,030Life insurance assets
  • $5,295All other assets
  • $366,146Total liabilities and capital
  • $316,433Total liabilities
  • $254,273Total deposits
  • $316,433Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 4581.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,000Trading liabilities
  • $13,800Other borrowed funds
  • $1,332Subordinated debt
  • $33,884All other liabilities
  • $33,884Total equity capital
  • $33,884Total bank equity capital
  • $0Perpetual preferred stock
  • $5,431Common stock
  • $9,953Surplus
  • $18,500Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,921Income earned, not collected on loans
  • $0Earning assets
  • $1,331Long-term assets (5+ years)
  • $375,658Average Assets, year-to-date
  • $39,434Average Assets, quarterly
  • $385,653Volatile liabilities
  • $394,196Insider loans
  • $299,150FHLB advances
  • $386,593Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,605Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $43,999Restructured Loans and leases
  • $10,747Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,473Total interest income
  • $5,461Total interest expense
  • $13,012Net interest income
  • $999Provision for loan and lease losses
  • -$1,533Total noninterest income
  • $0Fiduciary activities
  • $241Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,774Additional noninterest income
  • $8,598Total noninterest expense
  • $5,064Salaries and employee benefits
  • $796Premises and equipment expense
  • $2,738Additional noninterest expense
  • $1,882Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,882Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,882Net income attributable to bank
  • $0Net charge-offs
  • $1,882Cash dividends
  • $1,432Sale, conversion, retirement of capital stock, net
  • $255Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 3.60%Net interest margin
  • -0.42%Noninterest income to earning assets
  • 2.38%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 5.77%Return on equity (ROE)
  • 4.99%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 69.76%Credit loss provision to net charge-offs
  • 2.01%Efficiency ratio
  • 74,902Assets per employee
  • 5.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.55%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 88.52%Noncurrent assets plus other real estate owned to assets
  • 2.64%Noncurrent loans to loans
  • 2.03%Net loans and leases to deposits
  • 90.68%Net loans and leases to core deposits
  • 108.36%Equity capital to assets
  • 8.47%Core capital (leverage) ratio
  • 8.43%Tier 1 risk-based capital ratio
  • 10.90%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $385,653Average earning assets
  • $32,592Average equity
  • $361,175Average loans

List of branches

  • 6 Florida Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    060843Platinum Bank802 West Lumsden Road, Brandon, FL 33511December 08, 1997Full Service Brick and Mortar
    1290752Lakeland Branch5404 S Florida Avenue, Lakeland, FL 33813November 17, 1998Full Service Brick and Mortar
    2365204Tampa Office Branch408 S Macdill Avenue, Tampa, FL 33609May 10, 2002Full Service Brick and Mortar
    3425158Downtown Lakeland Branch724 South Florida Avenue, Lakeland, FL 33801December 01, 2003Full Service Brick and Mortar
    4433845Plant City Branch1804 James L. Redmon Parkway, Plant City, FL 33566December 29, 2004Full Service Brick and Mortar
    5470759Winter Haven Branch1285 1st Street Sw, Winter Haven, FL 33881January 23, 2008Full Service Brick and Mortar

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