Fidelity Federal Bank & Trust in West Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 14, 2007

  • Fidelity Federal Bank & Trust in West Palm Beach, Florida (FL)
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Fidelity Federal Bank & Trust - Overview

  • General
  • FDIC Certificate #: 30614
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National City Bank (#6557)
    Federal Reserve ID: 538576
    Date Established: December 15, 1952
    WWW: http://www.fidelityfederal.com
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5635
    FDIC's unique #: 43448
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: December 15, 1952
    Last Structure Change Effective Date: April 14, 2007
    Last Structure Change Process Date: April 17, 2007
    Last Data Update: April 17, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 218 Datura Street, West Palm Beach, FL 33401
    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: $5,281.9 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, 2006)

  • Dollar figures in thousands
  • 799Total employees (full-time equivalent)
  • $4,499,730Total assets
  • $126,424Cash and due from depository institutions
  • $27,317Interest-bearing balances
  • $606,587Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $3,528,750Net loans & leases
  • $16,836Loan loss allowance
  • $0Trading account assets
  • $92,135Bank premises and fixed assets
  • $129Other real estate owned
  • $26,128Goodwill and other intangibles
  • $43,069Life insurance assets
  • $119,577All other assets
  • $4,499,730Total liabilities and capital
  • $4,146,916Total liabilities
  • $3,418,574Total deposits
  • $3,136,357Interest-bearing deposits
  • $3,418,574Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $393,070Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $287,569Other borrowed funds
  • $0Subordinated debt
  • $47,703All other liabilities
  • $352,814Total equity capital
  • $352,814Total bank equity capital
  • $352,814Perpetual preferred stock
  • $0Common stock
  • $8,739Surplus
  • $164,428Undivided profits
  • Memoranda
  • $179,647Noncurrent loans and leases
  • $1,017,344Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $20,891Earning assets
  • $455Long-term assets (5+ years)
  • $18,890Average Assets, year-to-date
  • $4,162,654Average Assets, quarterly
  • $0Volatile liabilities
  • $4,286,454Insider loans
  • $4,439,543FHLB advances
  • $2,692,963Loans and leases held for sale
  • $3,776Unused loan commitments
  • $284,091Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,017,344Total unused commitments
  • $227Restructured Loans and leases
  • $16,836Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $264,513Total interest income
  • $124,521Total interest expense
  • $139,992Net interest income
  • $1,440Provision for loan and lease losses
  • $25,047Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $25,047Additional noninterest income
  • $111,308Total noninterest expense
  • $62,656Salaries and employee benefits
  • $21,780Premises and equipment expense
  • $26,872Additional noninterest expense
  • $52,291Pre-tax net operating income
  • $356Securities gains (losses)
  • $20,129Applicable income taxes
  • $32,518Income before extraordinary items
  • $0Extraordinary gains - net
  • $32,518Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$16Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.68%Yield on earning assets
  • 3.15%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 9.54%Return on equity (ROE)
  • 9.54%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -9000.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,298Assets per employee
  • 5.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.47%Loss allowance to noncurrent loans
  • 80.59%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 103.22%Net loans and leases to core deposits
  • 250.93%Equity capital to assets
  • 7.84%Core capital (leverage) ratio
  • 7.68%Tier 1 risk-based capital ratio
  • 10.35%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $4,286,454Average earning assets
  • $340,851Average equity
  • $3,957,257Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $109,319Managed Assets
  • 1Number of Accounts
  • $108,201Personal trust and agency accounts
  • $71,494Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $5,976Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $30,731Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 118Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,118Other retirement accounts
  • $1,118Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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