FDIC Certificate #: 33924 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Fleet National Bank (#2558) Federal Reserve ID: 2224592 Date Established: July 15, 1994 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 12201 FDIC's unique #: 54975 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: July 15, 1994 Last Structure Change Effective Date: April 03, 2000 Last Structure Change Process Date: June 06, 2000 Last Data Update: June 06, 2000 Data Source Date: April 05, 2012
Location
Address: 2255 Glades Road, Boca Raton, FL 33431 County: Palm Beach 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): 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: $139.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
395Total employees (full-time equivalent)
$130,626Total assets
$2,713Cash and due from depository institutions
$0Interest-bearing balances
$8,673Securities
$17,020Federal funds sold & reverse repurchase agreements
$90,162Net loans & leases
$531Loan loss allowance
$0Trading account assets
$298Bank premises and fixed assets
$0Other real estate owned
$2,580Goodwill and other intangibles
$0Life insurance assets
$9,180All other assets
$130,626Total liabilities and capital
$119,217Total liabilities
$115,423Total deposits
$115,423Interest-bearing deposits
$115,423Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$121Other borrowed funds
$0Subordinated debt
$3,673All other liabilities
$11,409Total equity capital
$11,409Total bank equity capital
$11,409Perpetual preferred stock
$0Common stock
$2,125Surplus
$12,775Undivided profits
Memoranda
$-3,491Noncurrent loans and leases
$22,721Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$19Earning assets
$0Long-term assets (5+ years)
$428Average Assets, year-to-date
$115,855Average Assets, quarterly
$0Volatile liabilities
$121,826Insider loans
$130,976FHLB advances
$47,930Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,721Total unused commitments
$0Restructured Loans and leases
$531Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$7,505Total interest income
$4,177Total interest expense
$3,328Net interest income
$76Provision for loan and lease losses
$14,683Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$14,683Additional noninterest income
$16,681Total noninterest expense
$10,239Salaries and employee benefits
$4,539Premises and equipment expense
$1,903Additional noninterest expense
$1,254Pre-tax net operating income
$0Securities gains (losses)
$491Applicable income taxes
$763Income before extraordinary items
$0Extraordinary gains - net
$763Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$49Sale, conversion, retirement of capital stock, net
$1,325Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.69%Yield on earning assets
3.72%Cost of funding earning assets
2.97%Net interest margin
13.09%Noninterest income to earning assets
14.87%Noninterest expense to earning assets
0.63%Net operating income to assets
0.63%Return on assets (ROA)
1.03%Pretax return on assets
6.44%Return on equity (ROE)
-4.75%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
155.10%Credit loss provision to net charge-offs
27.14%Efficiency ratio
91,105Assets per employee
0.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
173.66%Loss allowance to loans
0.59%Loss allowance to noncurrent loans
2794.74%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
78.11%Net loans and leases to core deposits
133.35%Equity capital to assets
8.73%Core capital (leverage) ratio
6.93%Tier 1 risk-based capital ratio
12.32%Total risk-based capital ratio
Memoranda
$13Average assets
$121,826Average earning assets
$11,841Average equity
$112,170Average loans
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