Reliance Bank of Florida in Melbourne, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 16, 1995

Reliance Bank of Florida in Melbourne, Florida (FL)
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Reliance Bank of Florida - Overview

General
FDIC Certificate #: 26408
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Huntington National Bank of Florida (#26830)
Federal Reserve ID: 834438
Date Established: October 25, 1985
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 33024
Numeric code: 21
Regulator: FDIC
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: October 25, 1985
Last Structure Change Effective Date: May 16, 1995
Last Structure Change Process Date: June 27, 1995
Last Data Update: June 27, 1995
Data Source Date: April 05, 2012
Location
Address: 2116 South Babcock Street, Melbourne, FL 32901
County: Brevard
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): Melbourne-Titusville-Palm Bay, FL (#4900)
Core Based Statistical Area (CBSA): Palm Bay-Melbourne-Titusville, FL (#37340)
CBSA Metro Statistical Area: Palm Bay-Melbourne-Titusville, FL (#37340)
Financial Summary
Total assets: $97.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$30Total assets
$95,704Cash and due from depository institutions
$3,730Interest-bearing balances
$0Securities
$31,190Federal funds sold & reverse repurchase agreements
$4,050Net loans & leases
$53,248Loan loss allowance
$722Trading account assets
$0Bank premises and fixed assets
$2,182Other real estate owned
$99Goodwill and other intangibles
$1,205Life insurance assets
$0All other assets
$0Total liabilities and capital
$95,704Total liabilities
$87,144Total deposits
$84,824Interest-bearing deposits
$71,505Deposits held in domestic offices
84824.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$2,191Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$129Total equity capital
$129Total bank equity capital
$8,560Perpetual preferred stock
$0Common stock
$1,740Surplus
$1,946Undivided profits
Memoranda
$4,874Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$427Income earned, not collected on loans
$291Earning assets
$88,488Long-term assets (5+ years)
$12,334Average Assets, year-to-date
$89,620Average Assets, quarterly
$94,199Volatile liabilities
$8,944Insider loans
$4,231FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$11,817Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,112Total risk weighted assets
$60,205Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$6,704Total interest expense
$2,583Net interest income
$4,121Provision for loan and lease losses
$130Total noninterest income
$255Fiduciary activities
$0Service charges on deposit accounts
$178Trading account gains & fees
$0Additional noninterest income
$77Total noninterest expense
$2,273Salaries and employee benefits
$1,213Premises and equipment expense
$236Additional noninterest expense
$824Pre-tax net operating income
$1,973Securities gains (losses)
$18Applicable income taxes
$688Income before extraordinary items
$1,303Extraordinary gains - net
$0Net income attributable to bank
$1,303Net charge-offs
$67Cash dividends
$0Sale, conversion, retirement of capital stock, net
$552Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.00%Cost of funding earning assets
3.08%Net interest margin
4.92%Noninterest income to earning assets
0.30%Noninterest expense to earning assets
2.71%Net operating income to assets
1.44%Return on assets (ROA)
1.45%Pretax return on assets
2.22%Return on equity (ROE)
16.39%Retained earnings to average equity (YTD only)
16.39%Net charge-offs to loans
0.13%Credit loss provision to net charge-offs
194.03%Efficiency ratio
51,942Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
169.09%Noncurrent assets plus other real estate owned to assets
0.55%Noncurrent loans to loans
0.79%Net loans and leases to deposits
62.77%Net loans and leases to core deposits
68.20%Equity capital to assets
8.94%Core capital (leverage) ratio
9.79%Tier 1 risk-based capital ratio
15.13%Total risk-based capital ratio
Memoranda
$16Average assets
$89,620Average earning assets
$7,949Average equity
$83,773Average loans

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