FDIC Certificate #: 21265 Status: Active Federal Reserve ID: 725732 Date Established: October 12, 1973 WWW:http://www.bacflorida.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 10221 FDIC's unique #: 14709 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: Yes State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: October 12, 1973 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 169 Miracle Mile, Suite R10, Coral Gables, FL 33134 County: Miami-Dade 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): Miami, FL (#5000) Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56) 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: Miami-Miami Beach-Kendall, FL (#33124)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $1,174.2 mil Equity capital: $99.3 mil Deposits held in domestic offices: $776.0 mil Return on assets (ROA): 0.09% ($1.1 mil) Quarterly return on assets: 0.14% ($1.6 mil) Return on Equity (ROE): 1.01% ($1.0 mil) Quarterly return on equity: 1.69% ($1.7 mil) Net income: $1.0 mil Quarterly Net income: $0.4 mil Pretax return on assets: 0.05% ($587.1 mil) Quarterly Pretax return on assets: 0.20% ($2,348.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
149Total employees (full-time equivalent)
$1,174,160Total assets
$139,441Cash and due from depository institutions
$127,204Interest-bearing balances
$105,322Securities
$0Federal funds sold & reverse repurchase agreements
$867,946Net loans & leases
$14,780Loan loss allowance
$305Trading account assets
$377Bank premises and fixed assets
$2,196Other real estate owned
$2,686Goodwill and other intangibles
$1,174,160Life insurance assets
$55,887All other assets
$1,074,770Total liabilities and capital
$851,182Total liabilities
$628,441Total deposits
$775,977Interest-bearing deposits
$61Deposits held in domestic offices
37000.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$177,050Trading liabilities
$0Other borrowed funds
$9,538Subordinated debt
$99,390All other liabilities
$99,302Total equity capital
$99,302Total bank equity capital
$0Perpetual preferred stock
$20,833Common stock
$30,038Surplus
$48,431Undivided profits
Memoranda
$88Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$32,088Income earned, not collected on loans
$0Earning assets
$3,997Long-term assets (5+ years)
$1,100,777Average Assets, year-to-date
$38,362Average Assets, quarterly
$1,141,275Volatile liabilities
$1,162,970Insider loans
$598,314FHLB advances
$1,155,253Loans and leases held for sale
$19,406Unused loan commitments
$18,742Tier 1 (core) risk-based capital
$95,000Tier 2 risk-based capital
$0Total risk weighted assets
$664Total unused commitments
$16,484Restructured Loans and leases
$7,510Derivatives
$5,030Total assets and liabilities in foreign offices
Income and Expense (December 31, 2011)
Dollar figures in thousands
$38,993Total interest income
$10,656Total interest expense
$28,337Net interest income
$10,190Provision for loan and lease losses
$11,643Total noninterest income
$0Fiduciary activities
$486Service charges on deposit accounts
-$105Trading account gains & fees
$11,262Additional noninterest income
$29,508Total noninterest expense
$13,191Salaries and employee benefits
$2,779Premises and equipment expense
$13,538Additional noninterest expense
$282Pre-tax net operating income
$332Securities gains (losses)
-$403Applicable income taxes
$1,017Income before extraordinary items
$0Extraordinary gains - net
$1,003Net income attributable to bank
$14Net charge-offs
$1,017Cash dividends
$9,055Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.64%Yield on earning assets
0.99%Cost of funding earning assets
2.65%Net interest margin
1.09%Noninterest income to earning assets
2.76%Noninterest expense to earning assets
0.06%Net operating income to assets
0.09%Return on assets (ROA)
0.05%Pretax return on assets
1.01%Return on equity (ROE)
1.01%Retained earnings to average equity (YTD only)
1.06%Net charge-offs to loans
112.53%Credit loss provision to net charge-offs
1.16%Efficiency ratio
73,807Assets per employee
7.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
46.06%Noncurrent assets plus other real estate owned to assets
2.92%Noncurrent loans to loans
3.64%Net loans and leases to deposits
101.97%Net loans and leases to core deposits
137.25%Equity capital to assets
8.46%Core capital (leverage) ratio
8.22%Tier 1 risk-based capital ratio
15.88%Total risk-based capital ratio
Memoranda
$17Average assets
$1,141,275Average earning assets
$99,204Average equity
$1,070,976Average loans
List of branches
1 Florida Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
14709
Bac Florida Bank
169 Miracle Mile, Suite R10, Coral Gables, FL 33134
October 12, 1973
Full Service Brick and Mortar
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