FDIC Certificate #: 58862 Status: Active Federal Reserve ID: 3816510 Date Established: September 08, 2008 WWW:http://www.professionalbankfl.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 471112 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: September 08, 2008 Last Structure Change Effective Date: September 08, 2008 Last Structure Change Process Date: September 09, 2008 Last Data Update: September 09, 2008 Data Source Date: April 05, 2012
Location
Address: 1567 San Remo Avenue, Coral Gables, FL 33146 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
Change in Geographic Region/Area/Territory/Field Office
New Institution
Financial Summary
Total assets: $138.4 mil Equity capital: $14.2 mil Deposits held in domestic offices: $113.6 mil Return on assets (ROA): 0.44% ($0.6 mil) Quarterly return on assets: 0.37% ($0.5 mil) Return on Equity (ROE): 4.13% ($0.6 mil) Quarterly return on equity: 3.52% ($0.5 mil) Net income: $0.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.44% ($608.9 mil) Quarterly Pretax return on assets: 0.37% ($512.0 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
21Total employees (full-time equivalent)
$138,381Total assets
$12,050Cash and due from depository institutions
$9,521Interest-bearing balances
$45,891Securities
$727Federal funds sold & reverse repurchase agreements
$77,463Net loans & leases
$1,361Loan loss allowance
$0Trading account assets
$856Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$138,381Life insurance assets
$1,394All other assets
$124,175Total liabilities and capital
$113,558Total liabilities
$88,572Total deposits
$113,558Interest-bearing deposits
$84Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$10,000Trading liabilities
$0Other borrowed funds
$617Subordinated debt
$14,206All other liabilities
$14,206Total equity capital
$14,206Total bank equity capital
$0Perpetual preferred stock
$9,472Common stock
$9,624Surplus
$-4,890Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,123Income earned, not collected on loans
$0Earning assets
$417Long-term assets (5+ years)
$133,602Average Assets, year-to-date
$51,383Average Assets, quarterly
$127,125Volatile liabilities
$135,526Insider loans
$84,757FHLB advances
$135,803Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$13,768Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$14,128Restructured Loans and leases
$530Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,216Total interest income
$985Total interest expense
$4,231Net interest income
$10Provision for loan and lease losses
$127Total noninterest income
$0Fiduciary activities
$95Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$3,791Total noninterest expense
$1,826Salaries and employee benefits
$575Premises and equipment expense
$1,390Additional noninterest expense
$557Pre-tax net operating income
$6Securities gains (losses)
$0Applicable income taxes
$563Income before extraordinary items
$0Extraordinary gains - net
$563Net income attributable to bank
$0Net charge-offs
$563Cash dividends
$82Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.25%Yield on earning assets
0.80%Cost of funding earning assets
3.45%Net interest margin
0.10%Noninterest income to earning assets
3.09%Noninterest expense to earning assets
0.44%Net operating income to assets
0.44%Return on assets (ROA)
0.44%Pretax return on assets
4.13%Return on equity (ROE)
4.13%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
12.20%Credit loss provision to net charge-offs
6.91%Efficiency ratio
86,209Assets per employee
6.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.73%Loss allowance to noncurrent loans
121.19%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
1.42%Net loans and leases to deposits
68.21%Net loans and leases to core deposits
73.19%Equity capital to assets
10.27%Core capital (leverage) ratio
10.14%Tier 1 risk-based capital ratio
16.24%Total risk-based capital ratio
Memoranda
$18Average assets
$127,125Average earning assets
$13,634Average equity
$122,754Average loans
List of branches
1 Florida Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
471112
Professional Bank
1567 San Remo Avenue, Coral Gables, FL 33146
September 08, 2008
Full Service Brick and Mortar
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