Providence Bank
Winter Haven, FL — Domestic Branch of a Domestic Bank
Acquired May 2009
Vitals
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Total Assets50.3M 59.8 %
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Total Deposits39.8M 71.4 %
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Total Net Loans34.9M 64.7 %
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Net Income
-
Book Value5.0M -4.3 %
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Book Value x210.0M -4.3 %
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Book Value x315.0M -4.3 %
Balance Sheet Highlights
Financial Highlights | Providence Bank | All Insured Commercial Banks in Florida |
Balance Sheet $(000) | ||
Total Assets | 50,312 | 289,980 |
Total Net Loans | 34,856 | 200,301 |
Total Deposits | 39,791 | 232,892 |
Total Equity | 4,999 | 28,231 |
Profitability | ||
Net Income | — | 701 |
Return on Average Assets | — | .529 |
Return on Average Equity | — | 5.555 |
Net Interest Margin | 2.33 | 3.008 |
Efficiency Ratio | 167.164 | 106.117 |
Noninterest Income/Revenue | 1.633 | 19 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 87.598 | 85.78 |
Securities/Assets | .06 | .334 |
Total Equity/Total Assets | .099 | .097 |
Tangible Equity/Tangible Assets | .099 | -.146 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 4,707 | 25,766 |
Tier 2 Capital | 454 | 2,978 |
Total Capital | 5,161 | 28,730 |
Total Risk Weighted Assets | 36,295 | 217,714 |
Leverage Ratio | 10.24 | 10.751 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 12.97 | 14.35 |
Total Capital Ratio | 14.22 | 15.606 |
Timeline for Providence Bank
Florida Traditions Bank
Providence Bank was acquired by Florida Traditions Bank 15 years
View Profile May 30 2009Providence Bancorp, Inc.
Providence Bancorp, Inc. became a new parent organization for Providence Bank.
View Profile Oct 15 2007Providence Bank
Providence Bank was established 18 years ago and is currently headquartered in Winter Haven, FL.
Sep 30 2005Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Florida Traditions Bank | Buyer | 307,251 | Acquisition | Discontinued | 5/30/2009 |
Relationships | Role | Relationship Start | Relationship End |
Providence Bancorp, Inc. | Parent | 10/15/2007 | 5/28/2009 |
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