FDIC Certificate #: 26652 Status: Inactive Closing history: Corrections Acquiring institution:Bank Leumi USA (#19842) Federal Reserve ID: 145835 Date Established: April 21, 1986 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 #: 35385 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: April 21, 1986 Last Structure Change Effective Date: March 01, 2002 Last Structure Change Process Date: July 16, 2002 Last Data Update: July 16, 2002 Data Source Date: April 05, 2012
Location
Address: 5295 Town Center Road, Boca Raton, FL 33486 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
Absorption - Assisted
Corrections
Financial Summary
Total assets: $37.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
23Total employees (full-time equivalent)
$37,207Total assets
$1,458Cash and due from depository institutions
$0Interest-bearing balances
$4,901Securities
$4,880Federal funds sold & reverse repurchase agreements
$20,884Net loans & leases
$1,134Loan loss allowance
$0Trading account assets
$1,345Bank premises and fixed assets
$0Other real estate owned
$3,157Goodwill and other intangibles
$0Life insurance assets
$582All other assets
$37,207Total liabilities and capital
$32,080Total liabilities
$31,601Total deposits
$24,742Interest-bearing deposits
$31,601Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$479All other liabilities
$5,127Total equity capital
$5,127Total bank equity capital
$5,127Perpetual preferred stock
$0Common stock
$550Surplus
$10,936Undivided profits
Memoranda
$-6,359Noncurrent loans and leases
$341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,501Earning assets
$451Long-term assets (5+ years)
$87Average Assets, year-to-date
$30,665Average Assets, quarterly
$5,812Volatile liabilities
$38,250Insider loans
$38,217FHLB advances
$2,755Loans and leases held for sale
$435Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$341Total unused commitments
$0Restructured Loans and leases
$330Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$2,210Total interest income
$1,498Total interest expense
$712Net interest income
$1,192Provision for loan and lease losses
$1,626Total noninterest income
$0Fiduciary activities
$26Service charges on deposit accounts
$0Trading account gains & fees
$1,600Additional noninterest income
$3,039Total noninterest expense
$1,349Salaries and employee benefits
$536Premises and equipment expense
$1,154Additional noninterest expense
-$1,893Pre-tax net operating income
$26Securities gains (losses)
$0Applicable income taxes
-$1,867Income before extraordinary items
$0Extraordinary gains - net
-$1,867Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$806Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.91%Yield on earning assets
4.68%Cost of funding earning assets
2.23%Net interest margin
5.09%Noninterest income to earning assets
9.50%Noninterest expense to earning assets
-4.95%Net operating income to assets
-4.88%Return on assets (ROA)
-4.88%Pretax return on assets
-29.00%Return on equity (ROE)
-29.00%Retained earnings to average equity (YTD only)
4.12%Net charge-offs to loans
147.89%Credit loss provision to net charge-offs
-0.87%Efficiency ratio
122,926Assets per employee
1.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.15%Loss allowance to noncurrent loans
45.34%Noncurrent assets plus other real estate owned to assets
6.72%Noncurrent loans to loans
11.36%Net loans and leases to deposits
66.09%Net loans and leases to core deposits
72.40%Equity capital to assets
13.78%Core capital (leverage) ratio
6.22%Tier 1 risk-based capital ratio
8.90%Total risk-based capital ratio
Memoranda
$10Average assets
$38,250Average earning assets
$6,439Average equity
$31,976Average loans
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