Flagship National Bank
Bradenton, FL — National Bank
Acquired Oct 2009
Vitals
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Total Assets177.6M -23.0 %
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Total Deposits170.1M -17.3 %
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Total Net Loans114.9M -24.2 %
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Net Income
-
Book Value
-
Book Value x2
-
Book Value x3
Balance Sheet Highlights
| Financial Highlights | Flagship National Bank | All Insured Commercial Banks in Florida |
| Balance Sheet $(000) | ||
| Total Assets | 177,563 | 307,704 |
| Total Net Loans | 114,916 | 208,453 |
| Total Deposits | 170,118 | 251,126 |
| Total Equity | — | 29,625 |
| Profitability | ||
| Net Income | — | 2,670 |
| Return on Average Assets | — | .602 |
| Return on Average Equity | — | 6.111 |
| Net Interest Margin | 1.145 | 3.06 |
| Efficiency Ratio | 210.987 | 109.217 |
| Noninterest Income/Revenue | 2.67 | 19.296 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 67.551 | 82.476 |
| Securities/Assets | .19 | .312 |
| Total Equity/Total Assets | .096 | |
| Tangible Equity/Tangible Assets | -.175 | |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | — | 26,370 |
| Tier 2 Capital | — | 3,336 |
| Total Capital | — | 29,750 |
| Total Risk Weighted Assets | 128,961 | 226,208 |
| Leverage Ratio | — | 9.658 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | — | 13.352 |
| Total Capital Ratio | — | 14.666 |
Timeline for Flagship National Bank
First Federal Bank Of Florida
Flagship National Bank was acquired by First Federal Bank Of Florida 14 years
View Profile Oct 24 2009
Flagship National Bank
Flagship National Bank was established 25 years ago and is currently headquartered in Bradenton, FL.
May 18 1999| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| First Federal Bank Of Florida | Buyer | 1,223,573 | Failure | 10/24/2009 |
| Relationships | Role | Relationship Start | Relationship End |
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