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

This bank is inactive as of December 01, 1994

  • Governors Bank in West Palm Beach, Florida (FL)
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Governors Bank - Overview

  • General
  • FDIC Certificate #: 26988
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Republic Security Bank (#32254)
    Federal Reserve ID: 406330
    Date Established: July 01, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 36407
    Numeric code: 21
    Regulator: FDIC
    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: July 01, 1987
    Last Structure Change Effective Date: December 01, 1994
    Last Structure Change Process Date: December 28, 1994
    Last Data Update: December 28, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 2100 45th Street, West Palm Beach, FL 33407
    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: $70.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $54Total assets
  • $82,746Cash and due from depository institutions
  • $4,102Interest-bearing balances
  • $200Securities
  • $18,974Federal funds sold & reverse repurchase agreements
  • $6,036Net loans & leases
  • $50,290Loan loss allowance
  • $4,183Trading account assets
  • $0Bank premises and fixed assets
  • $1,303Other real estate owned
  • $946Goodwill and other intangibles
  • $1,095Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $82,746Total liabilities
  • $80,419Total deposits
  • $76,821Interest-bearing deposits
  • $64,472Deposits held in domestic offices
  • 76821.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $2,359Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,239Total equity capital
  • $1,239Total bank equity capital
  • $2,327Perpetual preferred stock
  • $0Common stock
  • $2,795Surplus
  • $2,345Undivided profits
  • Memoranda
  • $-2,813Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,061Income earned, not collected on loans
  • $345Earning assets
  • $75,500Long-term assets (5+ years)
  • $1,974Average Assets, year-to-date
  • $85,866Average Assets, quarterly
  • $84,856Volatile liabilities
  • $2,892Insider loans
  • $2,568FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $6,759Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,250Total risk weighted assets
  • $55,762Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,029Total interest expense
  • $2,467Net interest income
  • $3,562Provision for loan and lease losses
  • $3,889Total noninterest income
  • $728Fiduciary activities
  • $0Service charges on deposit accounts
  • $631Trading account gains & fees
  • $0Additional noninterest income
  • $97Total noninterest expense
  • $3,899Salaries and employee benefits
  • $1,746Premises and equipment expense
  • $836Additional noninterest expense
  • $1,317Pre-tax net operating income
  • -$3,498Securities gains (losses)
  • $111Applicable income taxes
  • $100Income before extraordinary items
  • -$3,487Extraordinary gains - net
  • $0Net income attributable to bank
  • -$3,487Net charge-offs
  • $640Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.75%Cost of funding earning assets
  • 3.17%Net interest margin
  • 4.58%Noninterest income to earning assets
  • 0.94%Noninterest expense to earning assets
  • 5.01%Net operating income to assets
  • -4.19%Return on assets (ROA)
  • -4.06%Pretax return on assets
  • -3.94%Return on equity (ROE)
  • -69.17%Retained earnings to average equity (YTD only)
  • -69.17%Net charge-offs to loans
  • 1.06%Credit loss provision to net charge-offs
  • 607.66%Efficiency ratio
  • 90,886Assets per employee
  • 1.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.68%Loss allowance to noncurrent loans
  • 394.25%Noncurrent assets plus other real estate owned to assets
  • 2.43%Noncurrent loans to loans
  • 1.95%Net loans and leases to deposits
  • 65.46%Net loans and leases to core deposits
  • 65.92%Equity capital to assets
  • 2.81%Core capital (leverage) ratio
  • 2.62%Tier 1 risk-based capital ratio
  • 4.03%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $85,866Average earning assets
  • $5,041Average equity
  • $77,765Average loans

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