The Bank Brevard in Melbourne, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 15, 2008

  • The Bank Brevard in Melbourne, Florida (FL)
  • Show street view No street view available for this location

The Bank Brevard - Overview

  • General
  • FDIC Certificate #: 34258
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BankFIRST (#27550)
    Federal Reserve ID: 2503091
    Date Established: October 07, 1996
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 15492
    FDIC's unique #: 57017
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 07, 1996
    Last Structure Change Effective Date: May 15, 2008
    Last Structure Change Process Date: June 05, 2008
    Last Data Update: June 05, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 South Harbor City Boulevard, 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: $207.8 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, 2007)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $200,603Total assets
  • $5,024Cash and due from depository institutions
  • $751Interest-bearing balances
  • $13,344Securities
  • $804Federal funds sold & reverse repurchase agreements
  • $145,058Net loans & leases
  • $4,653Loan loss allowance
  • $0Trading account assets
  • $5,853Bank premises and fixed assets
  • $1,104Other real estate owned
  • $27,774Goodwill and other intangibles
  • $0Life insurance assets
  • $1,642All other assets
  • $200,603Total liabilities and capital
  • $151,623Total liabilities
  • $138,138Total deposits
  • $135,997Interest-bearing deposits
  • $138,138Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,402Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,470Other borrowed funds
  • $0Subordinated debt
  • $1,613All other liabilities
  • $48,980Total equity capital
  • $48,980Total bank equity capital
  • $48,980Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $48,527Undivided profits
  • Memoranda
  • $453Noncurrent loans and leases
  • $39,932Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,132Earning assets
  • $0Long-term assets (5+ years)
  • $675Average Assets, year-to-date
  • $159,957Average Assets, quarterly
  • $10,196Volatile liabilities
  • $205,408Insider loans
  • $206,410FHLB advances
  • $42,575Loans and leases held for sale
  • $9,900Unused loan commitments
  • $7,470Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $39,932Total unused commitments
  • $0Restructured Loans and leases
  • $1,948Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $13,038Total interest income
  • $5,404Total interest expense
  • $7,634Net interest income
  • $2,610Provision for loan and lease losses
  • $89Total noninterest income
  • $0Fiduciary activities
  • $190Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$101Additional noninterest income
  • $4,352Total noninterest expense
  • $1,916Salaries and employee benefits
  • $589Premises and equipment expense
  • $1,847Additional noninterest expense
  • $761Pre-tax net operating income
  • $0Securities gains (losses)
  • $290Applicable income taxes
  • $471Income before extraordinary items
  • $0Extraordinary gains - net
  • $471Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $887Sale, conversion, retirement of capital stock, net
  • $646Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.66%Yield on earning assets
  • 3.17%Cost of funding earning assets
  • 4.48%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.37%Pretax return on assets
  • 1.09%Return on equity (ROE)
  • -0.41%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 294.25%Credit loss provision to net charge-offs
  • 3.80%Efficiency ratio
  • 48,012Assets per employee
  • 6.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 137.15%Loss allowance to loans
  • 3.11%Loss allowance to noncurrent loans
  • 75.88%Noncurrent assets plus other real estate owned to assets
  • 3.61%Noncurrent loans to loans
  • 4.10%Net loans and leases to deposits
  • 105.01%Net loans and leases to core deposits
  • 135.02%Equity capital to assets
  • 24.42%Core capital (leverage) ratio
  • 12.44%Tier 1 risk-based capital ratio
  • 14.38%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $205,408Average earning assets
  • $43,197Average equity
  • $170,214Average 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 The Bank Brevard.
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