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

This bank is inactive as of April 14, 1997

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

  • General
  • FDIC Certificate #: 32467
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Pointe Bank (#27549)
    Federal Reserve ID: 44778
    Date Established: April 04, 1986
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8294
    FDIC's unique #: 45301
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: April 04, 1986
    Last Structure Change Effective Date: April 14, 1997
    Last Structure Change Process Date: May 06, 1997
    Last Data Update: May 06, 1997
    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: $107.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $12Total assets
  • $106,833Cash and due from depository institutions
  • $2,090Interest-bearing balances
  • $1,189Securities
  • $26,926Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $70,904Loan loss allowance
  • $474Trading account assets
  • $0Bank premises and fixed assets
  • $987Other real estate owned
  • $270Goodwill and other intangibles
  • $5,572Life insurance assets
  • $84All other assets
  • $0Total liabilities and capital
  • $106,829Total liabilities
  • $98,287Total deposits
  • $73,783Interest-bearing deposits
  • $69,370Deposits held in domestic offices
  • 73783.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $22,972Subordinated debt
  • $0All other liabilities
  • $1,532Total equity capital
  • $1,532Total bank equity capital
  • $8,542Perpetual preferred stock
  • $0Common stock
  • $6Surplus
  • $6,071Undivided profits
  • Memoranda
  • $2,465Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,412Income earned, not collected on loans
  • $580Earning assets
  • $99,019Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $127,628Average Assets, quarterly
  • $109,453Volatile liabilities
  • $35,864Insider loans
  • $757FHLB advances
  • $22,972Loans and leases held for sale
  • $0Unused loan commitments
  • $3,808Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,826Total risk weighted assets
  • $51,093Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,198Total interest expense
  • $6,126Net interest income
  • $3,072Provision for loan and lease losses
  • $69Total noninterest income
  • $819Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $819Total noninterest expense
  • $5,382Salaries and employee benefits
  • $1,037Premises and equipment expense
  • $910Additional noninterest expense
  • $3,435Pre-tax net operating income
  • -$1,560Securities gains (losses)
  • $880Applicable income taxes
  • -$223Income before extraordinary items
  • -$457Extraordinary gains - net
  • $0Net income attributable to bank
  • -$457Net charge-offs
  • $3Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.76%Cost of funding earning assets
  • 5.17%Net interest margin
  • 2.59%Noninterest income to earning assets
  • 0.69%Noninterest expense to earning assets
  • 4.54%Net operating income to assets
  • -0.82%Return on assets (ROA)
  • -0.36%Pretax return on assets
  • -0.53%Return on equity (ROE)
  • -5.16%Retained earnings to average equity (YTD only)
  • -5.16%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 2300.00%Efficiency ratio
  • 138,319Assets per employee
  • 8.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.66%Loss allowance to noncurrent loans
  • 33.57%Noncurrent assets plus other real estate owned to assets
  • 1.57%Noncurrent loans to loans
  • 1.98%Net loans and leases to deposits
  • 96.10%Net loans and leases to core deposits
  • 116.44%Equity capital to assets
  • 8.00%Core capital (leverage) ratio
  • 8.24%Tier 1 risk-based capital ratio
  • 17.27%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $127,628Average earning assets
  • $8,865Average equity
  • $118,544Average loans

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