Pointe Bank in city_name, state_name - Detailed Financial Reports, Location

Pointe Bank in Boca Raton, Florida (FL)
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Pointe Bank - Overview

General
FDIC Certificate #: 27549
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank (#27515)
Federal Reserve ID: 1401631
Date Established: July 17, 1989
WWW: http://www.pointebank.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 9 (Interstate: No)
OTS Docket #: 9548
FDIC's unique #: 40329
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: July 17, 1989
Last Structure Change Effective Date: May 06, 2005
Last Structure Change Process Date: May 17, 2005
Last Data Update: May 17, 2005
Data Source Date: April 05, 2012
Location
Address: 21845 Powerline Road, Boca Raton, FL 33433
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)
Financial Summary
Total assets: $428.0 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, 2004)

Dollar figures in thousands
118Total employees (full-time equivalent)
$412,491Total assets
$12,735Cash and due from depository institutions
$15Interest-bearing balances
$103,493Securities
$0Federal funds sold & reverse repurchase agreements
$284,064Net loans & leases
$3,350Loan loss allowance
$0Trading account assets
$3,026Bank premises and fixed assets
$0Other real estate owned
$2,732Goodwill and other intangibles
$0Life insurance assets
$6,441All other assets
$412,491Total liabilities and capital
$377,033Total liabilities
$314,085Total deposits
$219,420Interest-bearing deposits
$314,085Deposits held in domestic offices
0.00%% insured (estimated)
$28,001Federal funds purchased & repurchase agreements
$0Trading liabilities
$33,555Other borrowed funds
$0Subordinated debt
$1,392All other liabilities
$35,458Total equity capital
$35,458Total bank equity capital
$35,458Perpetual preferred stock
$0Common stock
$305Surplus
$15,662Undivided profits
Memoranda
$19,491Noncurrent loans and leases
$56,983Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$151Earning assets
$0Long-term assets (5+ years)
$2,322Average Assets, year-to-date
$387,572Average Assets, quarterly
$79,244Volatile liabilities
$387,099Insider loans
$420,451FHLB advances
$72,045Loans and leases held for sale
$1,582Unused loan commitments
$33,555Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,545Total risk weighted assets
$56,983Total unused commitments
$0Restructured Loans and leases
$3,350Derivatives

Income and Expense (December 31, 2004)

Dollar figures in thousands
$20,807Total interest income
$4,824Total interest expense
$15,983Net interest income
$215Provision for loan and lease losses
$3,133Total noninterest income
$0Fiduciary activities
$1,612Service charges on deposit accounts
$0Trading account gains & fees
$1,521Additional noninterest income
$13,306Total noninterest expense
$7,218Salaries and employee benefits
$2,524Premises and equipment expense
$3,564Additional noninterest expense
$5,595Pre-tax net operating income
$134Securities gains (losses)
$1,889Applicable income taxes
$3,840Income before extraordinary items
$0Extraordinary gains - net
$3,840Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$306Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2004)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.73%Yield on earning assets
1.33%Cost of funding earning assets
4.40%Net interest margin
0.86%Noninterest income to earning assets
3.66%Noninterest expense to earning assets
0.97%Net operating income to assets
0.99%Return on assets (ROA)
1.48%Pretax return on assets
11.40%Return on equity (ROE)
11.40%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
70.26%Credit loss provision to net charge-offs
18.99%Efficiency ratio
68,341Assets per employee
3.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
2218.54%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.05%Net loans and leases to deposits
90.44%Net loans and leases to core deposits
98.43%Equity capital to assets
8.60%Core capital (leverage) ratio
7.64%Tier 1 risk-based capital ratio
10.90%Total risk-based capital ratio
Memoranda
$12Average assets
$387,099Average earning assets
$33,693Average equity
$363,267Average loans

Bank Assets Sold and Securitized (December 31, 2004)

Dollar figures in thousands
Principal balance with servicing or other recourse retained
$5001-4 family residential loans
$0Home equity lines
$0Credit cards receivables
$0Auto loans
$0Other consumer loans
$45Commercial and industrial loans
$9,086All other loans and all leases

Pointe Bank in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pointe Bank - Overview

Assets and Liabilities (December 31, 2004)

Income and Expense (December 31, 2004)

Performance and Condition Ratios (December 31, 2004)

Bank Assets Sold and Securitized (December 31, 2004)

Comment about this bank, ask questions, or add new information about it:

Pointe Bank in Boca Raton, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

Pointe Bank - Overview

Assets and Liabilities (December 31, 2004)

Income and Expense (December 31, 2004)

Performance and Condition Ratios (December 31, 2004)

Bank Assets Sold and Securitized (December 31, 2004)

Comment about this bank, ask questions, or add new information about it:

Pointe Bank in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches