First Western Bank in city_name, state_name - Detailed Financial Reports, Location

First Western Bank in Cooper City, Florida (FL)
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First Western Bank - Overview

General
FDIC Certificate #: 26873
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: 1st United Bank (#35408)
Federal Reserve ID: 14931
Date Established: January 14, 1987
WWW: http://www.first-western-bank.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 36153
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 14, 1987
Last Structure Change Effective Date: April 08, 2004
Last Structure Change Process Date: May 14, 2004
Last Data Update: May 14, 2004
Data Source Date: April 05, 2012
Location
Address: 5854 South Flamingo Road, Cooper City, FL 33330
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: $30.8 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, 2003)

Dollar figures in thousands
15Total employees (full-time equivalent)
$29,271Total assets
$2,046Cash and due from depository institutions
$475Interest-bearing balances
$9,335Securities
$2,018Federal funds sold & reverse repurchase agreements
$15,342Net loans & leases
$146Loan loss allowance
$0Trading account assets
$39Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$491All other assets
$29,271Total liabilities and capital
$25,498Total liabilities
$25,088Total deposits
$14,004Interest-bearing deposits
$25,088Deposits held in domestic offices
0.00%% insured (estimated)
$221Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$189All other liabilities
$3,773Total equity capital
$3,773Total bank equity capital
$3,773Perpetual preferred stock
$0Common stock
$1,903Surplus
$1,560Undivided profits
Memoranda
$310Noncurrent loans and leases
$1,764Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$125Average Assets, year-to-date
$27,170Average Assets, quarterly
$8,089Volatile liabilities
$30,498Insider loans
$29,732FHLB advances
$1,435Loans and leases held for sale
$809Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,764Total unused commitments
$0Restructured Loans and leases
$146Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$1,414Total interest income
$107Total interest expense
$1,307Net interest income
$5Provision for loan and lease losses
$319Total noninterest income
$0Fiduciary activities
$271Service charges on deposit accounts
$0Trading account gains & fees
$48Additional noninterest income
$1,342Total noninterest expense
$693Salaries and employee benefits
$204Premises and equipment expense
$445Additional noninterest expense
$279Pre-tax net operating income
$0Securities gains (losses)
$95Applicable income taxes
$184Income before extraordinary items
$0Extraordinary gains - net
$184Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.09%Yield on earning assets
0.39%Cost of funding earning assets
4.71%Net interest margin
1.15%Noninterest income to earning assets
4.84%Noninterest expense to earning assets
0.60%Net operating income to assets
0.60%Return on assets (ROA)
0.91%Pretax return on assets
4.93%Return on equity (ROE)
4.93%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
56.80%Efficiency ratio
82,534Assets per employee
1.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.94%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
61.15%Net loans and leases to core deposits
64.26%Equity capital to assets
12.89%Core capital (leverage) ratio
12.61%Tier 1 risk-based capital ratio
20.37%Total risk-based capital ratio
Memoranda
$21Average assets
$30,498Average earning assets
$3,731Average equity
$27,753Average loans

First Western Bank in Cooper City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

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

First Western Bank in Cooper City, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

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

First Western Bank in Cooper City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches