Comerica Bank & Trust, Federal Savings Bank - Overview
General
FDIC Certificate #: 33187 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Comerica Bank (#983) Federal Reserve ID: 1718076 Date Established: September 07, 1990 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8941 FDIC's unique #: 46424 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: September 07, 1990 Last Structure Change Effective Date: December 12, 1998 Last Structure Change Process Date: January 07, 1999 Last Data Update: January 07, 1999 Data Source Date: April 05, 2012
Location
Address: 1800 Corporate Boulevard, N.W., Boca Raton, FL 33431 County: Palm Beach Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Chicago 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: $108.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
76Total employees (full-time equivalent)
$118,156Total assets
$10,149Cash and due from depository institutions
$2,123Interest-bearing balances
$9,015Securities
$0Federal funds sold & reverse repurchase agreements
$93,635Net loans & leases
$1,627Loan loss allowance
$0Trading account assets
$1,211Bank premises and fixed assets
$53Other real estate owned
$1,093Goodwill and other intangibles
$0Life insurance assets
$3,000All other assets
$118,156Total liabilities and capital
$102,454Total liabilities
$92,280Total deposits
$92,280Interest-bearing deposits
$92,280Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,718Other borrowed funds
$0Subordinated debt
$2,456All other liabilities
$15,702Total equity capital
$15,702Total bank equity capital
$15,702Perpetual preferred stock
$0Common stock
$301Surplus
$15,134Undivided profits
Memoranda
$267Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$163Earning assets
$0Long-term assets (5+ years)
$511Average Assets, year-to-date
$104,773Average Assets, quarterly
$0Volatile liabilities
$122,785Insider loans
$117,804FHLB advances
$64,811Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,815Total unused commitments
$0Restructured Loans and leases
$78,162Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$9,056Total interest income
$3,656Total interest expense
$5,400Net interest income
-$95Provision for loan and lease losses
$9,333Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$9,333Additional noninterest income
$13,509Total noninterest expense
$4,740Salaries and employee benefits
$1,748Premises and equipment expense
$7,021Additional noninterest expense
$1,319Pre-tax net operating income
$0Securities gains (losses)
$598Applicable income taxes
$721Income before extraordinary items
$0Extraordinary gains - net
$721Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$323Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.22%Yield on earning assets
3.32%Cost of funding earning assets
4.90%Net interest margin
8.48%Noninterest income to earning assets
12.27%Noninterest expense to earning assets
0.59%Net operating income to assets
0.59%Return on assets (ROA)
1.07%Pretax return on assets
4.68%Return on equity (ROE)
4.68%Retained earnings to average equity (YTD only)
-0.33%Net charge-offs to loans
29.41%Credit loss provision to net charge-offs
0.00%Efficiency ratio
87,022Assets per employee
1.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.71%Loss allowance to noncurrent loans
998.16%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.17%Net loans and leases to deposits
101.47%Net loans and leases to core deposits
266.11%Equity capital to assets
13.29%Core capital (leverage) ratio
12.48%Tier 1 risk-based capital ratio
18.69%Total risk-based capital ratio
Memoranda
$20Average assets
$122,785Average earning assets
$15,405Average equity
$110,113Average loans
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