FDIC Certificate #: 33437 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Republic Federal Bank, National Association (#22846) Federal Reserve ID: 1866726 Date Established: June 24, 1991 WWW:http://www.pinebank.com 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) OTS Docket #: 13884 FDIC's unique #: 47121 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: June 24, 1991 Last Structure Change Effective Date: September 28, 2006 Last Structure Change Process Date: August 31, 2007 Last Data Update: August 31, 2007 Data Source Date: April 05, 2012
Location
Address: 1001 Brickle Bay Drive, Miami, FL 33131 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)
Financial Summary
Total assets: $412.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
71Total employees (full-time equivalent)
$411,758Total assets
$16,717Cash and due from depository institutions
$12,230Interest-bearing balances
$23,783Securities
$0Federal funds sold & reverse repurchase agreements
$354,867Net loans & leases
$3,614Loan loss allowance
$0Trading account assets
$919Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$15,472All other assets
$411,758Total liabilities and capital
$376,337Total liabilities
$273,371Total deposits
$234,216Interest-bearing deposits
$272,283Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$84,200Other borrowed funds
$13,585Subordinated debt
$5,181All other liabilities
$35,421Total equity capital
$35,421Total bank equity capital
$35,421Perpetual preferred stock
$0Common stock
$5,220Surplus
$5,516Undivided profits
Memoranda
$24,685Noncurrent loans and leases
$6,311Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,956Earning assets
$0Long-term assets (5+ years)
$2,801Average Assets, year-to-date
$390,880Average Assets, quarterly
$22,550Volatile liabilities
$425,500Insider loans
$403,620FHLB advances
$147,915Loans and leases held for sale
$11Unused loan commitments
$84,200Tier 1 (core) risk-based capital
$5,000Tier 2 risk-based capital
$0Total risk weighted assets
$6,311Total unused commitments
$32Restructured Loans and leases
$16,101Derivatives
$4,216Total assets and liabilities in foreign offices
Income and Expense (December 31, 2005)
Dollar figures in thousands
$21,654Total interest income
$9,860Total interest expense
$11,794Net interest income
-$375Provision for loan and lease losses
$1,654Total noninterest income
$0Fiduciary activities
$291Service charges on deposit accounts
$0Trading account gains & fees
$1,363Additional noninterest income
$10,675Total noninterest expense
$5,138Salaries and employee benefits
$1,429Premises and equipment expense
$4,108Additional noninterest expense
$3,148Pre-tax net operating income
$0Securities gains (losses)
$1,120Applicable income taxes
$2,028Income before extraordinary items
$0Extraordinary gains - net
$2,028Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$88Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.46%Yield on earning assets
2.49%Cost of funding earning assets
2.98%Net interest margin
0.42%Noninterest income to earning assets
2.69%Noninterest expense to earning assets
0.48%Net operating income to assets
0.48%Return on assets (ROA)
0.74%Pretax return on assets
5.85%Return on equity (ROE)
5.85%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
426.14%Credit loss provision to net charge-offs
0.00%Efficiency ratio
79,380Assets per employee
5.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
184.76%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
0.55%Net loans and leases to deposits
129.81%Net loans and leases to core deposits
225.38%Equity capital to assets
8.60%Core capital (leverage) ratio
8.86%Tier 1 risk-based capital ratio
17.81%Total risk-based capital ratio
Memoranda
$26Average assets
$425,500Average earning assets
$34,656Average equity
$396,369Average loans
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