Skylake National Bank in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2000

  • Skylake National Bank in Miami, Florida (FL)
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Skylake National Bank - Overview

  • General
  • FDIC Certificate #: 20562
    Status: Inactive
    Closing history: Change in Chartering Agent
    Acquiring institution: Safra National Bank of New York (#26876)
    Federal Reserve ID: 50836
    Date Established: December 16, 1971
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 9263
    FDIC's unique #: 14194
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: December 16, 1971
    Last Structure Change Effective Date: January 01, 2000
    Last Structure Change Process Date: August 14, 2001
    Last Data Update: August 14, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 801 Brickell Avenue, Suite 2300, 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)
  • History of Changes
  • Merger - Without Assistance
    Name Change
    Change in Primary Regulatory Agency
    Change in Chartering Agent
  • Financial Summary
  • Total assets: $187.2 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 52Total employees (full-time equivalent)
  • $187,187Total assets
  • $26,532Cash and due from depository institutions
  • $14,692Interest-bearing balances
  • $45,602Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $108,917Net loans & leases
  • $1,057Loan loss allowance
  • $0Trading account assets
  • $376Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,758All other assets
  • $187,187Total liabilities and capital
  • $168,036Total liabilities
  • $156,367Total deposits
  • $127,310Interest-bearing deposits
  • $156,367Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $7,683Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $799Other borrowed funds
  • $0Subordinated debt
  • $3,187All other liabilities
  • $19,151Total equity capital
  • $19,151Total bank equity capital
  • $19,151Perpetual preferred stock
  • $0Common stock
  • $825Surplus
  • $3,575Undivided profits
  • Memoranda
  • $14,751Noncurrent loans and leases
  • $36,043Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,049Earning assets
  • $0Long-term assets (5+ years)
  • $559Average Assets, year-to-date
  • $169,211Average Assets, quarterly
  • $64,431Volatile liabilities
  • $154,393Insider loans
  • $180,881FHLB advances
  • $30,877Loans and leases held for sale
  • $2,092Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $36,043Total unused commitments
  • $0Restructured Loans and leases
  • $1,057Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $10,892Total interest income
  • $4,330Total interest expense
  • $6,562Net interest income
  • -$613Provision for loan and lease losses
  • $389Total noninterest income
  • $0Fiduciary activities
  • $135Service charges on deposit accounts
  • $0Trading account gains & fees
  • $254Additional noninterest income
  • $5,458Total noninterest expense
  • $2,753Salaries and employee benefits
  • $849Premises and equipment expense
  • $1,856Additional noninterest expense
  • $2,106Pre-tax net operating income
  • $11Securities gains (losses)
  • $146Applicable income taxes
  • $1,971Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,971Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$745Sale, conversion, retirement of capital stock, net
  • $1,417Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.47%Yield on earning assets
  • 2.97%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.74%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 10.20%Return on equity (ROE)
  • 2.87%Retained earnings to average equity (YTD only)
  • -0.77%Net charge-offs to loans
  • 82.28%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 78,521Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.89%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 51.59%Noncurrent assets plus other real estate owned to assets
  • 1.09%Noncurrent loans to loans
  • 1.86%Net loans and leases to deposits
  • 69.65%Net loans and leases to core deposits
  • 81.30%Equity capital to assets
  • 10.23%Core capital (leverage) ratio
  • 11.11%Tier 1 risk-based capital ratio
  • 14.90%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $154,393Average earning assets
  • $19,319Average equity
  • $145,855Average loans

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