This institution is no longer active

Operations ceased on May 30, 2009. CRA examination history below reflects the period it was active.

PROVIDENCE BANK

WINTER HAVEN, FL · Supervised by FDIC

Est. 2005FDIC #58,043RSSD: FDIC-58043

Part ofPROVIDENCE BCORP INC→ View all charters

Satisfactory

Current rating · Exam: January 2008

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -1.13%

Institution Profile

FDIC BankFind

Address

1501 First Street South, WINTER HAVEN, FL

County

Polk County

Established

September 30, 2005

Total Assets

$50M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

January 7, 2008

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 18 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2009Call Report / FDIC

Total Assets

$50M

Total Deposits

$40M

Net Loans

$35M

Net Income

$-131K

ROA

-1.13%

ROE

-10.39%

Risk-Based Capital

14.22%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate1.69%Peer avg: 7.63%▲ Above avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	59	96.61%	1.69%
2023	70	97.14%	0.00%
2021	113	80.53%	7.08%
2020	785	79.24%	4.46%
2019	84	95.24%	1.19%
2018	461	73.75%	10.85%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

This is the only examination on record for this bank.

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