Bank of Florida - Southeast in Fort Lauderdale, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 28, 2010

  • Bank of Florida - Southeast in Fort Lauderdale, Florida (FL)
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Bank of Florida - Southeast - Overview

  • General
  • FDIC Certificate #: 57360
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: EverBank (#34775)
    Federal Reserve ID: 3116274
    Date Established: July 16, 2002
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 362495
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 16, 2002
    Last Structure Change Effective Date: May 28, 2010
    Last Structure Change Process Date: June 01, 2010
    Last Data Update: June 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Sw First Avenue, Fort Lauderdale, FL 33301
    County: Broward
    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): Fort Lauderdale, FL (#2680)
    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: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
  • Financial Summary
  • Total assets: $595.3 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, 2009)

  • Dollar figures in thousands
  • 50Total employees (full-time equivalent)
  • $535,678Total assets
  • $39,964Cash and due from depository institutions
  • $6,722Interest-bearing balances
  • $58,369Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $423,460Net loans & leases
  • $11,686Loan loss allowance
  • $0Trading account assets
  • $4,427Bank premises and fixed assets
  • $475Other real estate owned
  • $884Goodwill and other intangibles
  • $1,463Life insurance assets
  • $8,099All other assets
  • $535,678Total liabilities and capital
  • $514,005Total liabilities
  • $448,735Total deposits
  • $404,984Interest-bearing deposits
  • $448,735Deposits held in domestic offices
  • 87.45%% insured (estimated)
  • $20,575Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $37,500Other borrowed funds
  • $6,000Subordinated debt
  • $1,195All other liabilities
  • $21,673Total equity capital
  • $21,673Total bank equity capital
  • $21,673Perpetual preferred stock
  • $0Common stock
  • $6,448Surplus
  • $43,322Undivided profits
  • Memoranda
  • $-28,097Noncurrent loans and leases
  • $38,211Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $49,836Earning assets
  • $0Long-term assets (5+ years)
  • $2,024Average Assets, year-to-date
  • $488,551Average Assets, quarterly
  • $121,767Volatile liabilities
  • $529,969Insider loans
  • $531,480FHLB advances
  • $112,078Loans and leases held for sale
  • $23,099Unused loan commitments
  • $37,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $38,211Total unused commitments
  • $11,401Restructured Loans and leases
  • $9,230Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $26,559Total interest income
  • $11,602Total interest expense
  • $14,957Net interest income
  • $19,557Provision for loan and lease losses
  • $1,266Total noninterest income
  • $0Fiduciary activities
  • $530Service charges on deposit accounts
  • $0Trading account gains & fees
  • $736Additional noninterest income
  • $27,374Total noninterest expense
  • $4,348Salaries and employee benefits
  • $3,756Premises and equipment expense
  • $19,270Additional noninterest expense
  • -$30,708Pre-tax net operating income
  • $1,506Securities gains (losses)
  • $2,169Applicable income taxes
  • -$31,371Income before extraordinary items
  • $0Extraordinary gains - net
  • -$31,371Net income attributable to bank
  • $0Net charge-offs
  • -$31,371Cash dividends
  • $16,079Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.52%Yield on earning assets
  • 2.41%Cost of funding earning assets
  • 3.11%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 5.69%Noninterest expense to earning assets
  • -6.20%Net operating income to assets
  • -5.92%Return on assets (ROA)
  • -5.51%Pretax return on assets
  • -73.31%Return on equity (ROE)
  • -73.31%Retained earnings to average equity (YTD only)
  • 3.65%Net charge-offs to loans
  • 121.63%Credit loss provision to net charge-offs
  • -0.69%Efficiency ratio
  • 97,208Assets per employee
  • 10.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.69%Loss allowance to noncurrent loans
  • 23.45%Noncurrent assets plus other real estate owned to assets
  • 9.39%Noncurrent loans to loans
  • 11.45%Net loans and leases to deposits
  • 94.37%Net loans and leases to core deposits
  • 118.54%Equity capital to assets
  • 4.05%Core capital (leverage) ratio
  • 3.44%Tier 1 risk-based capital ratio
  • 4.39%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $529,969Average earning assets
  • $42,791Average equity
  • $481,460Average loans

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