Chemical Bank, FSB in Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 07, 1996

  • Chemical Bank, FSB in Palm Beach, Florida (FL)
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Chemical Bank, FSB - Overview

  • General
  • FDIC Certificate #: 23890
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chase Manhattan Private Bank, National Association (#26566)
    Federal Reserve ID: 388436
    Date Established: June 17, 1982
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9827
    FDIC's unique #: 16689
    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: June 17, 1982
    Last Structure Change Effective Date: November 07, 1996
    Last Structure Change Process Date: November 25, 1996
    Last Data Update: November 25, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 205 Royal Palm Way, Palm Beach, FL 33480
    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)
  • Financial Summary
  • Total assets: $136.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $89Total assets
  • $130,646Cash and due from depository institutions
  • $28,337Interest-bearing balances
  • $28,037Securities
  • $17,296Federal funds sold & reverse repurchase agreements
  • $19,150Net loans & leases
  • $58,941Loan loss allowance
  • $843Trading account assets
  • $0Bank premises and fixed assets
  • $2,427Other real estate owned
  • $0Goodwill and other intangibles
  • $4,418Life insurance assets
  • $77All other assets
  • $0Total liabilities and capital
  • $130,646Total liabilities
  • $119,602Total deposits
  • $117,758Interest-bearing deposits
  • $117,758Deposits held in domestic offices
  • 117758.00%% insured (estimated)
  • $48Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,844Total equity capital
  • $1,844Total bank equity capital
  • $11,044Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $7,673Undivided profits
  • Memoranda
  • $1,371Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $307Earning assets
  • $123,424Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $138,168Average Assets, quarterly
  • $127,833Volatile liabilities
  • $89,836Insider loans
  • $100FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,708Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,049Total risk weighted assets
  • $50,549Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,693Total interest expense
  • $5,188Net interest income
  • $3,505Provision for loan and lease losses
  • $150Total noninterest income
  • $6,419Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $6,419Total noninterest expense
  • $9,516Salaries and employee benefits
  • $6,089Premises and equipment expense
  • $1,895Additional noninterest expense
  • $1,532Pre-tax net operating income
  • $258Securities gains (losses)
  • -$4,863Applicable income taxes
  • -$1,666Income before extraordinary items
  • -$2,939Extraordinary gains - net
  • $0Net income attributable to bank
  • -$2,939Net charge-offs
  • $51Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.71%Cost of funding earning assets
  • 4.01%Net interest margin
  • 2.71%Noninterest income to earning assets
  • 4.96%Noninterest expense to earning assets
  • 7.35%Net operating income to assets
  • 0.13%Return on assets (ROA)
  • -2.13%Pretax return on assets
  • -3.33%Return on equity (ROE)
  • -28.97%Retained earnings to average equity (YTD only)
  • -28.97%Net charge-offs to loans
  • 0.09%Credit loss provision to net charge-offs
  • 294.12%Efficiency ratio
  • 95,365Assets per employee
  • 1.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 50.05%Net loans and leases to core deposits
  • 211.09%Equity capital to assets
  • 8.45%Core capital (leverage) ratio
  • 8.46%Tier 1 risk-based capital ratio
  • 21.86%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $138,168Average earning assets
  • $10,146Average equity
  • $129,520Average loans

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