AMTRUST BANK, F.S.B. in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1995

  • AMTRUST BANK, F.S.B. in Boca Raton, Florida (FL)
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AMTRUST BANK, F.S.B. - Overview

  • General
  • FDIC Certificate #: 32520
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: AmTrust Bank (#29776)
    Federal Reserve ID: 52876
    Date Established: Febuary 10, 1987
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8376
    FDIC's unique #: 45354
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 10, 1987
    Last Structure Change Effective Date: April 01, 1995
    Last Structure Change Process Date: June 30, 1995
    Last Data Update: January 31, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 5550 Glades Road, Boca Raton, FL 33431
    County: Palm Beach
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): West Palm Beach-Boca Raton, FL (#8960)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: West Palm Beach-Boca Raton-Boynton Beach, FL (#48424)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $492.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $51Total assets
  • $310,961Cash and due from depository institutions
  • $14,596Interest-bearing balances
  • $10,805Securities
  • $54,382Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $235,850Loan loss allowance
  • $1,641Trading account assets
  • $0Bank premises and fixed assets
  • $339Other real estate owned
  • $161Goodwill and other intangibles
  • $5,633Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $310,961Total liabilities
  • $287,347Total deposits
  • $284,054Interest-bearing deposits
  • $276,032Deposits held in domestic offices
  • 284054.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $3,293Total equity capital
  • $3,293Total bank equity capital
  • $23,614Perpetual preferred stock
  • $0Common stock
  • $4,093Surplus
  • $14,057Undivided profits
  • Memoranda
  • $5,464Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,445Income earned, not collected on loans
  • $1,103Earning assets
  • $301,037Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $279,258Average Assets, quarterly
  • $297,340Volatile liabilities
  • $17,222Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $57,108Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $23,614Total risk weighted assets
  • $162,609Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $17,674Total interest expense
  • $10,377Net interest income
  • $7,297Provision for loan and lease losses
  • $409Total noninterest income
  • $725Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $725Total noninterest expense
  • $3,986Salaries and employee benefits
  • $1,634Premises and equipment expense
  • $591Additional noninterest expense
  • $1,761Pre-tax net operating income
  • $3,627Securities gains (losses)
  • -$749Applicable income taxes
  • $1,080Income before extraordinary items
  • $1,798Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,798Net charge-offs
  • $131Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $5,000Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.54%Cost of funding earning assets
  • 3.84%Net interest margin
  • 2.70%Noninterest income to earning assets
  • 0.27%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 1.03%Return on equity (ROE)
  • 9.18%Retained earnings to average equity (YTD only)
  • 9.18%Net charge-offs to loans
  • 0.07%Credit loss provision to net charge-offs
  • 312.21%Efficiency ratio
  • 49,688Assets per employee
  • 6.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.69%Loss allowance to noncurrent loans
  • 113.56%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 83.03%Net loans and leases to core deposits
  • 88.39%Equity capital to assets
  • 7.59%Core capital (leverage) ratio
  • 7.59%Tier 1 risk-based capital ratio
  • 14.52%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $279,258Average earning assets
  • $19,585Average equity
  • $270,279Average loans

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