Peoples National Bank of Commerce, Miami - Overview
General
FDIC Certificate #: 18147 Status: Inactive Closing history: Corrections Acquiring institution:OneUnited Bank (#23966) Federal Reserve ID: 999038 Date Established: Febuary 04, 1960 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 11825 FDIC's unique #: 12068 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: Febuary 04, 1960 Last Structure Change Effective Date: September 10, 1999 Last Structure Change Process Date: September 16, 1999 Last Data Update: September 18, 1999 Data Source Date: April 05, 2012
Location
Address: 3275 N.W. 79th Street, Miami, FL 33147 County: Miami-Dade 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): Miami, FL (#5000) Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56) 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: Miami-Miami Beach-Kendall, FL (#33124)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $36.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
30Total employees (full-time equivalent)
$38,293Total assets
$2,272Cash and due from depository institutions
$31Interest-bearing balances
$8,597Securities
$6,194Federal funds sold & reverse repurchase agreements
$17,450Net loans & leases
$852Loan loss allowance
$0Trading account assets
$3,286Bank premises and fixed assets
$68Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$426All other assets
$38,293Total liabilities and capital
$37,614Total liabilities
$37,077Total deposits
$30,945Interest-bearing deposits
$37,077Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$537All other liabilities
$679Total equity capital
$679Total bank equity capital
$679Perpetual preferred stock
$0Common stock
$3,000Surplus
$5,326Undivided profits
Memoranda
$-7,647Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,762Earning assets
$433Long-term assets (5+ years)
$194Average Assets, year-to-date
$32,272Average Assets, quarterly
$8,234Volatile liabilities
$43,442Insider loans
$38,606FHLB advances
$4,403Loans and leases held for sale
$346Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$465Total unused commitments
$0Restructured Loans and leases
$21,833Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,115Total interest income
$1,299Total interest expense
$1,816Net interest income
$806Provision for loan and lease losses
$792Total noninterest income
$0Fiduciary activities
$705Service charges on deposit accounts
$0Trading account gains & fees
$87Additional noninterest income
$5,226Total noninterest expense
$1,263Salaries and employee benefits
$933Premises and equipment expense
$3,030Additional noninterest expense
-$3,424Pre-tax net operating income
-$11Securities gains (losses)
-$68Applicable income taxes
-$3,367Income before extraordinary items
$0Extraordinary gains - net
-$3,367Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,079Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.64%Yield on earning assets
3.60%Cost of funding earning assets
5.04%Net interest margin
2.20%Noninterest income to earning assets
14.49%Noninterest expense to earning assets
-7.73%Net operating income to assets
-7.75%Return on assets (ROA)
-7.91%Pretax return on assets
-205.86%Return on equity (ROE)
-205.86%Retained earnings to average equity (YTD only)
4.70%Net charge-offs to loans
74.70%Credit loss provision to net charge-offs
-2.43%Efficiency ratio
165,874Assets per employee
1.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.66%Loss allowance to noncurrent loans
48.35%Noncurrent assets plus other real estate owned to assets
4.78%Noncurrent loans to loans
9.63%Net loans and leases to deposits
47.06%Net loans and leases to core deposits
53.41%Equity capital to assets
1.77%Core capital (leverage) ratio
2.05%Tier 1 risk-based capital ratio
3.67%Total risk-based capital ratio
Memoranda
$5Average assets
$43,442Average earning assets
$1,636Average equity
$36,064Average loans
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