FDIC Certificate #: 33430 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Chase Manhattan Private Bank, National Association (#26566) Federal Reserve ID: 1866230 Date Established: June 07, 1991 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 9238 FDIC's unique #: 47112 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: June 07, 1991 Last Structure Change Effective Date: December 01, 2001 Last Structure Change Process Date: December 18, 2001 Last Data Update: December 18, 2001 Data Source Date: April 05, 2012
Location
Address: 109 Royal Palm Way, Palm Beach, FL 33480 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: $63.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
64Total employees (full-time equivalent)
$78,382Total assets
$6,360Cash and due from depository institutions
$4,775Interest-bearing balances
$43,657Securities
$5,800Federal funds sold & reverse repurchase agreements
$12,953Net loans & leases
$110Loan loss allowance
$0Trading account assets
$567Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$9,045All other assets
$78,382Total liabilities and capital
$54,692Total liabilities
$37,567Total deposits
$37,567Interest-bearing deposits
$37,567Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$17,125All other liabilities
$23,690Total equity capital
$23,690Total bank equity capital
$23,690Perpetual preferred stock
$0Common stock
$5,280Surplus
$9,219Undivided profits
Memoranda
$9,191Noncurrent loans and leases
$16,622Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$85Average Assets, year-to-date
$67,185Average Assets, quarterly
$0Volatile liabilities
$79,955Insider loans
$78,948FHLB advances
$32,347Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,622Total unused commitments
$0Restructured Loans and leases
$110Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$5,287Total interest income
$2,433Total interest expense
$2,854Net interest income
$26Provision for loan and lease losses
$35,124Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$35,124Additional noninterest income
$26,262Total noninterest expense
$18,772Salaries and employee benefits
$2,168Premises and equipment expense
$5,322Additional noninterest expense
$11,690Pre-tax net operating income
$0Securities gains (losses)
$4,396Applicable income taxes
$7,294Income before extraordinary items
$0Extraordinary gains - net
$7,294Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.61%Yield on earning assets
3.50%Cost of funding earning assets
4.11%Net interest margin
50.57%Noninterest income to earning assets
37.81%Noninterest expense to earning assets
9.12%Net operating income to assets
9.12%Return on assets (ROA)
14.62%Pretax return on assets
37.19%Return on equity (ROE)
37.19%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
69,151Assets per employee
1.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
34.48%Net loans and leases to core deposits
248.14%Equity capital to assets
30.22%Core capital (leverage) ratio
30.59%Tier 1 risk-based capital ratio
76.22%Total risk-based capital ratio
Memoranda
$77Average assets
$79,955Average earning assets
$19,613Average equity
$69,454Average loans
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