Morgan Trust Company of Florida, National Association - Overview
General
FDIC Certificate #: 23744 Status: Inactive Closing history: Corrections Acquiring institution:J. P. Morgan FSB (#33430) Federal Reserve ID: 153531 Date Established: March 08, 1982 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 16599 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: March 08, 1982 Last Structure Change Effective Date: January 01, 1994 Last Structure Change Process Date: January 25, 1994 Last Data Update: January 25, 1994 Data Source Date: April 05, 2012
Location
Address: 109 Royal 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)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $9.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1993)
Dollar figures in thousands
0Total employees (full-time equivalent)
$18Total assets
$9,537Cash and due from depository institutions
$5,715Interest-bearing balances
$5,662Securities
$1,137Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$1,245Other real estate owned
$0Goodwill and other intangibles
$1,440Life insurance assets
$0All other assets
$0Total liabilities and capital
$9,537Total liabilities
$1,606Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,606Total equity capital
$1,606Total bank equity capital
$7,931Perpetual preferred stock
$0Common stock
$1,250Surplus
$1,250Undivided profits
Memoranda
$5,431Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$6,799Long-term assets (5+ years)
$0Average Assets, year-to-date
$8,872Average Assets, quarterly
$9,608Volatile liabilities
$0Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,899Total risk weighted assets
$3,903Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1993)
Dollar figures in thousands
$0Total interest income
$229Total interest expense
$0Net interest income
$229Provision for loan and lease losses
$0Total noninterest income
$6,421Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$6,421Total noninterest expense
$4,466Salaries and employee benefits
$2,434Premises and equipment expense
$1,091Additional noninterest expense
$941Pre-tax net operating income
$2,184Securities gains (losses)
$0Applicable income taxes
$845Income before extraordinary items
$1,339Extraordinary gains - net
$0Net income attributable to bank
$1,339Net charge-offs
$0Cash 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
4.08%Cost of funding earning assets
0.00%Net interest margin
4.08%Noninterest income to earning assets
114.37%Noninterest expense to earning assets
79.55%Net operating income to assets
15.09%Return on assets (ROA)
15.09%Pretax return on assets
24.62%Return on equity (ROE)
18.17%Retained earnings to average equity (YTD only)
18.17%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
67,158Assets per employee
0.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
83.16%Core capital (leverage) ratio
81.40%Tier 1 risk-based capital ratio
202.38%Total risk-based capital ratio
Memoranda
$202Average assets
$8,872Average earning assets
$7,368Average equity
$5,614Average loans
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Morgan Trust Company of Florida, National Association
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