Provident Bank of Florida in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 2000

  • Provident Bank of Florida in Sarasota, Florida (FL)
  • Show street view No street view available for this location

Provident Bank of Florida - Overview

  • General
  • FDIC Certificate #: 27383
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Provident Bank (#744)
    Federal Reserve ID: 1224906
    Date Established: November 21, 1988
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 12 (Interstate: No)
    FDIC's unique #: 39711
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 21, 1988
    Last Structure Change Effective Date: December 01, 2000
    Last Structure Change Process Date: Febuary 07, 2001
    Last Data Update: Febuary 07, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 1549 Ringling Boulevard, Sarasota, FL 34236
    County: Sarasota
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • Financial Summary
  • Total assets: $669.8 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 88Total employees (full-time equivalent)
  • $486,027Total assets
  • $11,949Cash and due from depository institutions
  • $106Interest-bearing balances
  • $47,266Securities
  • $9,923Federal funds sold & reverse repurchase agreements
  • $390,759Net loans & leases
  • $4,000Loan loss allowance
  • $0Trading account assets
  • $4,795Bank premises and fixed assets
  • $0Other real estate owned
  • $2,669Goodwill and other intangibles
  • $0Life insurance assets
  • $18,666All other assets
  • $486,027Total liabilities and capital
  • $437,712Total liabilities
  • $424,411Total deposits
  • $397,514Interest-bearing deposits
  • $424,411Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $950Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $10,000Subordinated debt
  • $2,351All other liabilities
  • $48,315Total equity capital
  • $48,315Total bank equity capital
  • $48,315Perpetual preferred stock
  • $0Common stock
  • $4,800Surplus
  • $35,757Undivided profits
  • Memoranda
  • $7,758Noncurrent loans and leases
  • $71,432Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $999Earning assets
  • $89Long-term assets (5+ years)
  • $3,676Average Assets, year-to-date
  • $448,054Average Assets, quarterly
  • $37,763Volatile liabilities
  • $405,936Insider loans
  • $486,034FHLB advances
  • $86,208Loans and leases held for sale
  • $3,994Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $71,432Total unused commitments
  • $0Restructured Loans and leases
  • $14,000Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $31,633Total interest income
  • $16,789Total interest expense
  • $14,844Net interest income
  • $1,613Provision for loan and lease losses
  • $1,377Total noninterest income
  • $138Fiduciary activities
  • $955Service charges on deposit accounts
  • $0Trading account gains & fees
  • $284Additional noninterest income
  • $9,246Total noninterest expense
  • $4,371Salaries and employee benefits
  • $1,727Premises and equipment expense
  • $3,148Additional noninterest expense
  • $5,362Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,002Applicable income taxes
  • $3,360Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,360Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,008Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.40%Yield on earning assets
  • 4.46%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 9.19%Return on equity (ROE)
  • 9.19%Retained earnings to average equity (YTD only)
  • 0.65%Net charge-offs to loans
  • 80.33%Credit loss provision to net charge-offs
  • 3.47%Efficiency ratio
  • 56,260Assets per employee
  • 5.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 400.40%Noncurrent assets plus other real estate owned to assets
  • 0.21%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 92.07%Net loans and leases to core deposits
  • 115.22%Equity capital to assets
  • 9.94%Core capital (leverage) ratio
  • 9.72%Tier 1 risk-based capital ratio
  • 10.45%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $405,936Average earning assets
  • $36,577Average equity
  • $376,433Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Provident Bank of Florida.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents