Florida Savings Bank in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 05, 2006

  • Florida Savings Bank in Miami, Florida (FL)
  • Show street view No street view available for this location

Florida Savings Bank - Overview

  • General
  • FDIC Certificate #: 34798
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MERCANTIL COMMERCEBANK, NATIONAL ASSOCIATION (#22953)
    Federal Reserve ID: 2803232
    Date Established: April 26, 1999
    WWW: http://www.floridasavingsbank.com
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 15159
    FDIC's unique #: 61646
    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: April 26, 1999
    Last Structure Change Effective Date: May 05, 2006
    Last Structure Change Process Date: June 06, 2006
    Last Data Update: June 06, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 8181 S.W. 117th Street, Miami, FL 33156
    County: Miami-Dade
    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): 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: $134.3 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, 2005)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $136,245Total assets
  • $5,635Cash and due from depository institutions
  • $391Interest-bearing balances
  • $14,315Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $113,804Net loans & leases
  • $667Loan loss allowance
  • $0Trading account assets
  • $946Bank premises and fixed assets
  • $0Other real estate owned
  • $16Goodwill and other intangibles
  • $0Life insurance assets
  • $1,529All other assets
  • $136,245Total liabilities and capital
  • $126,403Total liabilities
  • $118,377Total deposits
  • $105,951Interest-bearing deposits
  • $118,377Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,477Other borrowed funds
  • $0Subordinated debt
  • $549All other liabilities
  • $9,842Total equity capital
  • $9,842Total bank equity capital
  • $9,842Perpetual preferred stock
  • $0Common stock
  • $640Surplus
  • $8,835Undivided profits
  • Memoranda
  • $367Noncurrent loans and leases
  • $19,816Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $111Earning assets
  • $0Long-term assets (5+ years)
  • $756Average Assets, year-to-date
  • $128,510Average Assets, quarterly
  • $0Volatile liabilities
  • $129,995Insider loans
  • $133,380FHLB advances
  • $69,871Loans and leases held for sale
  • $0Unused loan commitments
  • $7,477Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,816Total unused commitments
  • $0Restructured Loans and leases
  • $667Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $7,268Total interest income
  • $2,653Total interest expense
  • $4,615Net interest income
  • $105Provision for loan and lease losses
  • $956Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $956Additional noninterest income
  • $3,903Total noninterest expense
  • $1,845Salaries and employee benefits
  • $1,075Premises and equipment expense
  • $983Additional noninterest expense
  • $1,563Pre-tax net operating income
  • $0Securities gains (losses)
  • $603Applicable income taxes
  • $960Income before extraordinary items
  • $0Extraordinary gains - net
  • $960Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $25Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.92%Yield on earning assets
  • 2.16%Cost of funding earning assets
  • 3.76%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 10.32%Return on equity (ROE)
  • 10.32%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 420.00%Credit loss provision to net charge-offs
  • 66.72%Efficiency ratio
  • 69,431Assets per employee
  • 4.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.58%Loss allowance to noncurrent loans
  • 600.90%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 96.14%Net loans and leases to core deposits
  • 203.28%Equity capital to assets
  • 7.22%Core capital (leverage) ratio
  • 7.43%Tier 1 risk-based capital ratio
  • 10.39%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $129,995Average earning assets
  • $9,303Average equity
  • $122,846Average loans

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