First Bank of Florida in city_name, state_name - Detailed Financial Reports, Location

First Bank of Florida in West Palm Beach, Florida (FL)
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First Bank of Florida - Overview

General
FDIC Certificate #: 28936
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Republic Security Bank (#32254)
Federal Reserve ID: 959470
Date Established: May 01, 1934
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 2647
FDIC's unique #: 41770
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: October 29, 1934
Last Structure Change Effective Date: October 29, 1998
Last Structure Change Process Date: Febuary 03, 1999
Last Data Update: Febuary 03, 1999
Data Source Date: April 05, 2012
Location
Address: 450 South Australian Avenue, West Palm Beach, FL 33401
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: $1,807.1 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
437Total employees (full-time equivalent)
$1,820,863Total assets
$119,617Cash and due from depository institutions
$94,158Interest-bearing balances
$470,242Securities
$0Federal funds sold & reverse repurchase agreements
$1,157,245Net loans & leases
$4,860Loan loss allowance
$5,138Trading account assets
$25,544Bank premises and fixed assets
$2,403Other real estate owned
$2,868Goodwill and other intangibles
$0Life insurance assets
$37,806All other assets
$1,820,864Total liabilities and capital
$1,687,104Total liabilities
$1,275,246Total deposits
$1,191,353Interest-bearing deposits
$1,275,246Deposits held in domestic offices
0.00%% insured (estimated)
$15,186Federal funds purchased & repurchase agreements
$0Trading liabilities
$386,937Other borrowed funds
$0Subordinated debt
$9,735All other liabilities
$133,760Total equity capital
$133,760Total bank equity capital
$133,760Perpetual preferred stock
$0Common stock
$1Surplus
$61,008Undivided profits
Memoranda
$72,751Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,742Earning assets
$0Long-term assets (5+ years)
$6,219Average Assets, year-to-date
$1,726,783Average Assets, quarterly
$0Volatile liabilities
$1,675,618Insider loans
$1,816,588FHLB advances
$541,813Loans and leases held for sale
$1,391Unused loan commitments
$380,900Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$128,746Total unused commitments
$0Restructured Loans and leases
$900,225Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$121,519Total interest income
$76,328Total interest expense
$45,191Net interest income
$3,471Provision for loan and lease losses
$8,945Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$696Trading account gains & fees
$8,249Additional noninterest income
$35,224Total noninterest expense
$18,007Salaries and employee benefits
$7,233Premises and equipment expense
$9,984Additional noninterest expense
$15,441Pre-tax net operating income
$1,785Securities gains (losses)
$6,735Applicable income taxes
$10,491Income before extraordinary items
$0Extraordinary gains - net
$10,491Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$7,920Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.66%Yield on earning assets
4.81%Cost of funding earning assets
2.85%Net interest margin
0.56%Noninterest income to earning assets
2.22%Noninterest expense to earning assets
0.56%Net operating income to assets
0.63%Return on assets (ROA)
1.03%Pretax return on assets
9.03%Return on equity (ROE)
9.03%Retained earnings to average equity (YTD only)
0.71%Net charge-offs to loans
43.83%Credit loss provision to net charge-offs
2.39%Efficiency ratio
64,693Assets per employee
4.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.42%Loss allowance to noncurrent loans
72.09%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
0.58%Net loans and leases to deposits
90.75%Net loans and leases to core deposits
101.91%Equity capital to assets
7.35%Core capital (leverage) ratio
7.23%Tier 1 risk-based capital ratio
14.61%Total risk-based capital ratio
Memoranda
$15Average assets
$1,675,618Average earning assets
$116,181Average equity
$1,586,119Average loans

First Bank of Florida in West Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank of Florida - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

Comment about this bank, ask questions, or add new information about it:

First Bank of Florida in West Palm Beach, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank of Florida - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

Comment about this bank, ask questions, or add new information about it:

First Bank of Florida in West Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches