Insignia Bank

Insignia Bank is headquartered in Sarasota and is the 153^rd largest bank in the state of Florida. It is also the 3,915^st largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 38 employees at 2 locations. Insignia Bank has a 3-star health rating.

Insignia Bank Routing Number: 063116148

Data for Q1 2012

Institution Statistics Insignia Bank FDIC Certificate # 58387 BankRate Report View Year Established 2006 Employees 38 Primary Regulator FDIC Assets and Liabilities Assets $147.62 million Loans $102.02 million Deposits $121.19 million Equity Capital $18.98 million Loan Loss Allowance $1.78 million Unbacked Noncurrent Loans $3.00 million Real Estate Owned $3.27 million Historic Data - March 2011 Assets $158.41 million Equity Capital $17.80 million Loan Loss Allowance $1.73 million Unbacked Noncurrent Loans $1.39 million Real Estate Owned $4.56 million Profit Margin - Quarterly Net Interest Margin 3.85% Return on Assets 0.4% Return on Equity 3.09% Interest Income $1.48 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Insignia Bank had $6.26 million in non-current loans and owned real-estate with $20.76 million in equity and loan loss allowances on hand to cover it. This gives Insignia Bank a Texas Ratio of 30.18% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Insignia Bank held steady from 30.47% as of March 31, 2011 to 30.18% as of March 31, 2012, resulting in a positive change of 0.95%.This indicates that the balance sheet and financial strength for Insignia Bank has held steady in recent periods. Deposit Growth In the past year, Insignia Bank has decreased its total deposits by -$8.99 million, resulting in -6.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Insignia Bank has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Insignia Bank has $147.62 million in assets with $20.76 million in equity, resulting in a capitalization level of 14.06%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.