Premier American Bank in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 22, 2010

  • Premier American Bank in Miami, Florida (FL)
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Premier American Bank - Overview

  • General
  • FDIC Certificate #: 57147
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Florida Community Bank, National Association (#58991)
    Federal Reserve ID: 3048067
    Date Established: September 04, 2001
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 358547
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 04, 2001
    Last Structure Change Effective Date: January 22, 2010
    Last Structure Change Process Date: January 25, 2010
    Last Data Update: January 25, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 5301 Blue Lagoon Drive, Suite 200, Miami, FL 33126
    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: $299.2 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, 2009)

  • Dollar figures in thousands
  • 71Total employees (full-time equivalent)
  • $299,225Total assets
  • $17,295Cash and due from depository institutions
  • $1,474Interest-bearing balances
  • $4,119Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $265,714Net loans & leases
  • $14,821Loan loss allowance
  • $0Trading account assets
  • $1,554Bank premises and fixed assets
  • $5,893Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,650All other assets
  • $299,226Total liabilities and capital
  • $299,202Total liabilities
  • $285,554Total deposits
  • $260,327Interest-bearing deposits
  • $285,554Deposits held in domestic offices
  • 90.26%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $12,000Subordinated debt
  • $1,648All other liabilities
  • $24Total equity capital
  • $24Total bank equity capital
  • $24Perpetual preferred stock
  • $0Common stock
  • $13,145Surplus
  • $16,854Undivided profits
  • Memoranda
  • $-29,975Noncurrent loans and leases
  • $11,817Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $95,382Earning assets
  • $0Long-term assets (5+ years)
  • $756Average Assets, year-to-date
  • $271,307Average Assets, quarterly
  • $1,237Volatile liabilities
  • $363,450Insider loans
  • $325,050FHLB advances
  • $114,351Loans and leases held for sale
  • $4,409Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,817Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $14,525Total interest income
  • $9,138Total interest expense
  • $5,387Net interest income
  • $13,678Provision for loan and lease losses
  • $985Total noninterest income
  • $0Fiduciary activities
  • $635Service charges on deposit accounts
  • $0Trading account gains & fees
  • $350Additional noninterest income
  • $13,993Total noninterest expense
  • $5,439Salaries and employee benefits
  • $2,114Premises and equipment expense
  • $6,440Additional noninterest expense
  • -$21,299Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$21,299Income before extraordinary items
  • $0Extraordinary gains - net
  • -$21,299Net income attributable to bank
  • $0Net charge-offs
  • -$21,299Cash dividends
  • $10,723Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.26%Yield on earning assets
  • 2.68%Cost of funding earning assets
  • 1.58%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 4.11%Noninterest expense to earning assets
  • -5.86%Net operating income to assets
  • -5.86%Return on assets (ROA)
  • -5.86%Pretax return on assets
  • -154.62%Return on equity (ROE)
  • -154.62%Retained earnings to average equity (YTD only)
  • 3.46%Net charge-offs to loans
  • 127.56%Credit loss provision to net charge-offs
  • -0.71%Efficiency ratio
  • 219,601Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.28%Loss allowance to noncurrent loans
  • 15.54%Noncurrent assets plus other real estate owned to assets
  • 33.85%Noncurrent loans to loans
  • 34.00%Net loans and leases to deposits
  • 93.05%Net loans and leases to core deposits
  • 155.20%Equity capital to assets
  • 0.01%Core capital (leverage) ratio
  • 0.00%Tier 1 risk-based capital ratio
  • 0.00%Total risk-based capital ratio
  • Memoranda
  • $0Average assets
  • $363,450Average earning assets
  • $13,775Average equity
  • $340,819Average loans

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