Island National Bank and Trust Company in Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1997

  • Island National Bank and Trust Company in Palm Beach, Florida (FL)
  • Show street view No street view available for this location

Island National Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 27390
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: 1st United Bank (#27136)
    Federal Reserve ID: 1225743
    Date Established: December 01, 1988
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 11287
    FDIC's unique #: 39832
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: December 01, 1988
    Last Structure Change Effective Date: April 01, 1997
    Last Structure Change Process Date: May 06, 1997
    Last Data Update: May 06, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 180 Royal Palm Way, Palm Beach, FL 33480
    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: $145.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $60Total assets
  • $130,908Cash and due from depository institutions
  • $6,412Interest-bearing balances
  • $880Securities
  • $7,846Federal funds sold & reverse repurchase agreements
  • $32,787Net loans & leases
  • $79,355Loan loss allowance
  • $1,275Trading account assets
  • $0Bank premises and fixed assets
  • $1,266Other real estate owned
  • $733Goodwill and other intangibles
  • $1,574Life insurance assets
  • $935All other assets
  • $0Total liabilities and capital
  • $130,908Total liabilities
  • $119,876Total deposits
  • $118,165Interest-bearing deposits
  • $91,381Deposits held in domestic offices
  • 118165.00%% insured (estimated)
  • $60Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $805Subordinated debt
  • $0All other liabilities
  • $906Total equity capital
  • $906Total bank equity capital
  • $11,032Perpetual preferred stock
  • $0Common stock
  • $3,075Surplus
  • $8,767Undivided profits
  • Memoranda
  • $-810Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $354Income earned, not collected on loans
  • $441Earning assets
  • $120,868Long-term assets (5+ years)
  • $8,806Average Assets, year-to-date
  • $116,631Average Assets, quarterly
  • $133,206Volatile liabilities
  • $9,769Insider loans
  • $3,619FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,616Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,110Total risk weighted assets
  • $70,577Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,015Total interest expense
  • $2,780Net interest income
  • $5,235Provision for loan and lease losses
  • $85Total noninterest income
  • $2,164Fiduciary activities
  • $833Service charges on deposit accounts
  • $162Trading account gains & fees
  • $0Additional noninterest income
  • $1,169Total noninterest expense
  • $6,455Salaries and employee benefits
  • $2,921Premises and equipment expense
  • $1,581Additional noninterest expense
  • $1,953Pre-tax net operating income
  • $859Securities gains (losses)
  • -$7Applicable income taxes
  • $63Income before extraordinary items
  • $789Extraordinary gains - net
  • $0Net income attributable to bank
  • $789Net charge-offs
  • -$15Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.45%Cost of funding earning assets
  • 2.58%Net interest margin
  • 4.86%Noninterest income to earning assets
  • 2.01%Noninterest expense to earning assets
  • 6.00%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 0.73%Return on equity (ROE)
  • 7.46%Retained earnings to average equity (YTD only)
  • 7.46%Net charge-offs to loans
  • -0.02%Credit loss provision to net charge-offs
  • -566.67%Efficiency ratio
  • 85,687Assets per employee
  • 2.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 360.17%Noncurrent assets plus other real estate owned to assets
  • 0.83%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 67.16%Net loans and leases to core deposits
  • 72.67%Equity capital to assets
  • 8.43%Core capital (leverage) ratio
  • 9.44%Tier 1 risk-based capital ratio
  • 14.32%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $116,631Average earning assets
  • $10,575Average equity
  • $107,642Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Island National Bank and Trust Company.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents