Riverside National Bank of Florida in Fort Pierce, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 16, 2010

  • Riverside National Bank of Florida in Fort Pierce, Florida (FL)
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Riverside National Bank of Florida - Overview

  • General
  • FDIC Certificate #: 24067
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 101233
    Date Established: September 15, 1982
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 61 (Interstate: No)
    OTS Docket #: 10703
    FDIC's unique #: 16778
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: September 15, 1982
    Last Structure Change Effective Date: April 16, 2010
    Last Structure Change Process Date: April 20, 2010
    Last Data Update: April 20, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2211 Okeechobee Road, Fort Pierce, FL 34954
    County: St. Lucie
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Pierce-Port St. Lucie, FL (#2710)
    Combined Statistical Area (CSA): Port St. Lucie-Sebastian-Vero Beach, FL (#442)
    Core Based Statistical Area (CBSA): Port St. Lucie, FL (#38940)
    CBSA Metro Statistical Area: Port St. Lucie, FL (#38940)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $3,393.8 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, 2009)

  • Dollar figures in thousands
  • 811Total employees (full-time equivalent)
  • $3,395,279Total assets
  • $341,141Cash and due from depository institutions
  • $300,886Interest-bearing balances
  • $948,831Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,842,785Net loans & leases
  • $89,191Loan loss allowance
  • $3,545Trading account assets
  • $109,490Bank premises and fixed assets
  • $53,884Other real estate owned
  • $2,172Goodwill and other intangibles
  • $0Life insurance assets
  • $93,431All other assets
  • $3,395,279Total liabilities and capital
  • $3,401,412Total liabilities
  • $2,724,623Total deposits
  • $2,282,361Interest-bearing deposits
  • $2,724,623Deposits held in domestic offices
  • 94.49%% insured (estimated)
  • $11,779Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $650,000Other borrowed funds
  • $0Subordinated debt
  • $15,010All other liabilities
  • $-6,133Total equity capital
  • $-6,133Total bank equity capital
  • $-6,213Perpetual preferred stock
  • $0Common stock
  • $3,564Surplus
  • $111,600Undivided profits
  • Memoranda
  • $-121,377Noncurrent loans and leases
  • $160,201Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $80Income earned, not collected on loans
  • $244,667Earning assets
  • $1,487Long-term assets (5+ years)
  • $13,929Average Assets, year-to-date
  • $3,096,047Average Assets, quarterly
  • $880,614Volatile liabilities
  • $3,550,644Insider loans
  • $3,429,886FHLB advances
  • $612,034Loans and leases held for sale
  • $2,020Unused loan commitments
  • $650,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,775Total risk weighted assets
  • $160,201Total unused commitments
  • $45,083Restructured Loans and leases
  • $32,530Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $168,659Total interest income
  • $79,448Total interest expense
  • $89,211Net interest income
  • $130,991Provision for loan and lease losses
  • $30,817Total noninterest income
  • $692Fiduciary activities
  • $24,476Service charges on deposit accounts
  • $1,565Trading account gains & fees
  • $4,084Additional noninterest income
  • $118,612Total noninterest expense
  • $42,846Salaries and employee benefits
  • $16,979Premises and equipment expense
  • $58,787Additional noninterest expense
  • -$129,575Pre-tax net operating income
  • -$25,533Securities gains (losses)
  • -$24,215Applicable income taxes
  • -$130,893Income before extraordinary items
  • $0Extraordinary gains - net
  • -$130,893Net income attributable to bank
  • $0Net charge-offs
  • -$130,893Cash dividends
  • $115,001Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.20%Yield on earning assets
  • 2.45%Cost of funding earning assets
  • 2.75%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • -3.08%Net operating income to assets
  • -3.69%Return on assets (ROA)
  • -4.37%Pretax return on assets
  • -352.67%Return on equity (ROE)
  • -352.67%Retained earnings to average equity (YTD only)
  • 5.24%Net charge-offs to loans
  • 113.90%Credit loss provision to net charge-offs
  • 0.01%Efficiency ratio
  • 98,030Assets per employee
  • 4.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.62%Loss allowance to noncurrent loans
  • 36.45%Noncurrent assets plus other real estate owned to assets
  • 10.00%Noncurrent loans to loans
  • 12.66%Net loans and leases to deposits
  • 67.63%Net loans and leases to core deposits
  • 86.75%Equity capital to assets
  • -0.18%Core capital (leverage) ratio
  • 2.66%Tier 1 risk-based capital ratio
  • 3.66%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $3,550,644Average earning assets
  • $37,115Average equity
  • $3,242,987Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $64,227Managed Assets
  • 1Number of Accounts
  • $61,997Personal trust and agency accounts
  • $35,960Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $4,767Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $20,191Other fiduciary accounts
  • $1,079Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 103Number of Accounts
  • $0Personal trust and agency accounts
  • $4,767Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,230Other retirement accounts
  • $0Corporate trust and agency accounts
  • $2,230Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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