TotalBank (merged into City National Bank of Florida)
TotalBank reported total assets of $3.0 bn at Q1 2018, its last Call Report before it merged into City National Bank of Florida. The CET1 capital ratio at TotalBank was 18.14%, and the uninsured share of TotalBank was 41.26%. Source: FDIC Call Reports.
What sets TotalBank apart
Nothing in the latest data sets TotalBank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is TotalBank?
The balance sheet of TotalBank at : assets $3.0 bn, deposits $2.1 bn, net loans $2.1 bn (loans equal to 103.32% of deposits). Securities make up 17.4% of total assets at TotalBank. Since , when TotalBank held $2.9 bn, its assets grew 3.5%. In the year to , deposits at TotalBank fell 2.5% while its total assets rose 0.0%. At , TotalBank employed 290 full-time equivalent staff across 19 offices, about $10.2 mn of assets per employee and $109.4 mn of deposits per office.
How much funding at TotalBank is uninsured?
At TotalBank, uninsured deposits (above the FDIC limit) made up 41.26% of domestic deposits at (+0.97 pp on a year earlier). In dollars, TotalBank estimated $857.9 mn of uninsured deposits.
Key facts, Q1 2018
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.1 bn | $2.1 bn (Q1 2017) | |
| Net loans and leases | $2.1 bn | $2.1 bn (Q1 2017) | |
| Loan-to-deposit ratio | 103.32% | 98.06% (Q1 2017) | |
| Tier 1 leverage ratio | 13.07% | 12.22% (Q1 2017) | |
| Total risk-based capital ratio | 19.02% | 18.40% (Q1 2017) | |
| Net interest margin | 3.15% | 2.90% (Q1 2017) | |
| Return on assets (ROA) | 1.08% | 0.82% (Q1 2017) | |
| Efficiency ratio | 57.33% | 58.15% (Q1 2017) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $889,000 | Turned from a gain into a loss | |
| Unrealized gain/loss on available-for-sale securities | Loss of $10.8 mn | Widened by $4.6 mn | |
| Noncurrent loans to total loans | 0.33% | 0.55% (Q1 2017) | |
| Net charge-offs to average loans | -0.12% | -0.02% (Q1 2017) |
US rank of TotalBank: 1 = highest unless marked 1 = lowest.
Balance sheet
TotalBank: assets, deposits and loans
- Total assets $3.0bn
- Deposits $2.1bn
- Net loans $2.1bn
Capital and securities
The CET1 ratio of TotalBank stood at 18.14% in , +0.67 pp year on year. Low and high at TotalBank since : 15.57% () to 18.14% (). Equity capital of TotalBank at : $508.1 mn, or 17.1% of total assets. TotalBank also reported a total capital ratio of 19.02% for , and a tier 1 leverage ratio of 13.07%.
On held-to-maturity securities, TotalBank carried an unrealized loss of $889,000 at , equal to 0.2% of equity capital. The loss turned from a gain into a loss over the year. The available-for-sale portfolio of TotalBank showed an unrealized loss of $10.8 mn at ; the loss widened by $4.6 mn over the year.
TotalBank: capital ratios
- Total capital 19%
- CET1 18%
- Tier 1 leverage 13%
TotalBank: unrealized securities gains and losses
- Available for sale -$11mn
- Held to maturity -$889,000
Profitability and loan quality
For the year to , TotalBank earned a return on equity of 6.40%; return on assets: 1.08%. Net interest margin at TotalBank: 3.15%, +0.25 pp in a year. TotalBank net income: $8.1 mn, up 32.6% year on year. The efficiency ratio of TotalBank was 57.33%: about 57 cents cost per revenue dollar, against 52 cents at the median peer.
At , noncurrent loans were 0.33% of total loans at TotalBank; net charge-offs: -0.12% of average loans. Gross loans and leases at TotalBank: $2.2 bn at , against $2.1 bn at .
TotalBank: profitability
- Return on equity 6.4%
- Net interest margin 3.2%
- Return on assets 1.1%
Peer group of TotalBank
The peer group of TotalBank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 5 share the charter type of TotalBank (state nonmember bank) and 0 have head offices in Florida. Against them, TotalBank shows CET1 ratio 18.14% against a peer median of 12.94%, return on equity 6.40% against a peer median of 10.37% and uninsured deposit share 41.26% against a peer median of 24.97%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Sterling Bank and Trust, FSB | Federal savings bank | MI | $3.0 bn | 14.02% | 27.15% | 28.57% | |
| Security Bank of Kansas City | State nonmember bank | KS | $3.0 bn | 18.40% | 9.90% | 18.65% | |
| Premier Bank | State nonmember bank | OH | $3.0 bn | 11.60% | 10.84% | 21.38% | |
| TotalBank | State nonmember bank | FL | $3.0 bn | 18.14% | 6.40% | 41.26% | |
| Bank of Stockton | State nonmember bank | CA | $2.9 bn | 12.98% | -0.85% | 31.39% | |
| Landmark Bank | State nonmember bank | MO | $2.9 bn | 11.51% | 5.78% | 37.49% | |
| Heartland Bank and Trust Company | State nonmember bank | IL | $2.9 bn | 12.90% | 21.70% | 11.14% | |
. FDIC Call Reports.
Last eight quarters
Two years at TotalBank, to : assets $2.9 bn to $3.0 bn, deposits $2.1 bn to $2.1 bn, equity $468.0 mn to $508.1 mn. Staff 300 to 290; offices 20 to 19.
| Metric | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.9 bn | $3.0 bn | $2.9 bn | $3.0 bn | $3.0 bn | $3.0 bn | $3.0 bn | $3.0 bn |
| Total deposits | $2.1 bn | $2.2 bn | $2.1 bn | $2.1 bn | $2.1 bn | $2.2 bn | $2.1 bn | $2.1 bn |
| Bank equity capital | $468.0 mn | $474.5 mn | $477.8 mn | $484.2 mn | $490.8 mn | $497.2 mn | $502.0 mn | $508.1 mn |
| CET1 ratio | 15.75% | 16.71% | 17.10% | 17.47% | 17.21% | 17.49% | 17.79% | 18.14% |
| Return on equity (ROE) | 4.36% | 4.87% | 4.73% | 5.07% | 4.97% | 4.98% | 4.90% | 6.40% |
| Uninsured share of domestic deposits | 34.15% | 37.33% | 37.26% | 40.29% | 40.01% | 41.90% | 39.31% | 41.26% |
| Full-time equivalent employees | 300 | 302 | 306 | 311 | 303 | 304 | 298 | 290 |
| Number of offices | 20 | 20 | 19 | 19 | 19 | 19 | 19 | 19 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of TotalBank, oldest first; figures before and after each event are not like for like.
- . Merged into City National Bank of Florida (FDIC certificate 20234).
Questions and identifiers
What were the total assets of TotalBank?
TotalBank reported $3.0 bn at in its Call Report.
Is TotalBank the same as its holding company?
No. This page covers TotalBank, FDIC certificate 21468; BANCO SANTANDER SA (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is TotalBank profitable?
TotalBank reported net income of $8.1 mn for the year to ; annualized return on equity: 6.40%. So yes: TotalBank made a profit over these months.
When is data for TotalBank next updated?
TotalBank no longer files Call Reports; its data ends at .
Where can I check the figures for TotalBank?
In the FDIC BankFind Suite record for certificate 21468, and in the Call Reports of TotalBank (RSSD ID 790534) at the FFIEC Central Data Repository.