FDIC Certificate #: 32049 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Firstbank of Puerto Rico (#30387) Federal Reserve ID: 481074 Date Established: October 09, 1980 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 7785 FDIC's unique #: 44883 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: October 09, 1980 Last Structure Change Effective Date: July 01, 2009 Last Structure Change Process Date: August 18, 2009 Last Data Update: August 18, 2009 Data Source Date: April 05, 2012
Location
Address: 701 Waterford Way, Bldg. 1, Suite 800, Miami, FL 33126 County: Miami-Dade Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: New York FDIC Field Office: South Florida Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Miami, FL (#5000) 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: Miami-Miami Beach-Kendall, FL (#33124)
Financial Summary
Total assets: $936.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
152Total employees (full-time equivalent)
$984,500Total assets
$4,286Cash and due from depository institutions
$0Interest-bearing balances
$47,300Securities
$54,469Federal funds sold & reverse repurchase agreements
$799,916Net loans & leases
$7,324Loan loss allowance
$0Trading account assets
$10,699Bank premises and fixed assets
$5,304Other real estate owned
$38,695Goodwill and other intangibles
$0Life insurance assets
$23,831All other assets
$984,500Total liabilities and capital
$866,781Total liabilities
$573,374Total deposits
$546,754Interest-bearing deposits
$573,374Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$291,000Other borrowed funds
$0Subordinated debt
$2,407All other liabilities
$117,719Total equity capital
$117,719Total bank equity capital
$117,719Perpetual preferred stock
$0Common stock
$10Surplus
$74,621Undivided profits
Memoranda
$43,088Noncurrent loans and leases
$9,080Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$44,008Earning assets
$0Long-term assets (5+ years)
$5,535Average Assets, year-to-date
$901,685Average Assets, quarterly
$0Volatile liabilities
$939,038Insider loans
$983,684FHLB advances
$472,782Loans and leases held for sale
$958Unused loan commitments
$291,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,080Total unused commitments
$12,249Restructured Loans and leases
$7,324Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$58,444Total interest income
$34,796Total interest expense
$23,648Net interest income
$15,665Provision for loan and lease losses
-$5,589Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
-$4,163Trading account gains & fees
-$1,426Additional noninterest income
$17,416Total noninterest expense
$10,056Salaries and employee benefits
$4,462Premises and equipment expense
$2,898Additional noninterest expense
-$15,022Pre-tax net operating income
$0Securities gains (losses)
-$5,567Applicable income taxes
-$9,455Income before extraordinary items
$0Extraordinary gains - net
-$9,455Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8,127Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.80%Yield on earning assets
4.05%Cost of funding earning assets
2.75%Net interest margin
-0.65%Noninterest income to earning assets
2.03%Noninterest expense to earning assets
-1.01%Net operating income to assets
-1.01%Return on assets (ROA)
-1.60%Pretax return on assets
-8.97%Return on equity (ROE)
-8.97%Retained earnings to average equity (YTD only)
1.00%Net charge-offs to loans
192.75%Credit loss provision to net charge-offs
0.08%Efficiency ratio
89,064Assets per employee
6.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
16.64%Noncurrent assets plus other real estate owned to assets
5.01%Noncurrent loans to loans
5.45%Net loans and leases to deposits
139.51%Net loans and leases to core deposits
204.27%Equity capital to assets
11.96%Core capital (leverage) ratio
8.78%Tier 1 risk-based capital ratio
12.43%Total risk-based capital ratio
Memoranda
$14Average assets
$939,038Average earning assets
$105,435Average equity
$859,493Average loans
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