This institution is no longer active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

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -1.13%

Is this bank safe?

PROVIDENCE BANK holds a Satisfactory CRA rating (2008), shows financial metrics that merit closer review (ROA -1.13%). Consumers may want to review the details below before banking here.

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%

Below avg for Small banks. Peer avg: 0.44%

ROE

-10.39%

Risk-Based Capital

14.22%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

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

ROA-1.13%Peer avg: 0.44%▼ Below avg

Risk-Based Capital14.22%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate1.69%Peer avg: 6.90%▼ Fewer than 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%
2020	785	79.24%	4.46%
2019	84	95.24%	1.19%
2018	461	73.75%	10.85%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

This is the only examination on record for this bank.

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