1st National Bank of South Florida in Homestead, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

1st National Bank of South Florida - Overview

  • General
  • FDIC Certificate #: 3564
    Status: Active
    Federal Reserve ID: 737632
    Bank Holding Company (Regulatory Top Holder): Hometown Of Homestead Banking Company (RSSDID: 3437782, Location: Homestead, FL)
    Date Established: October 24, 1932
    WWW: http://www.1stnatbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 11706
    FDIC's unique #: 2256
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1550 North Krome Avenue, Homestead, FL 33030
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $302.3 mil
    Equity capital: $27.7 mil
    Deposits held in domestic offices: $242.8 mil
    Return on assets (ROA): 0.06% ($0.2 mil)
    Quarterly return on assets: 0.10% ($0.3 mil)
    Return on Equity (ROE): 0.67% ($0.2 mil)
    Quarterly return on equity: 1.03% ($0.3 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.06% ($181.4 mil)
    Quarterly Pretax return on assets: 0.10% ($302.3 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, 2011)

  • Dollar figures in thousands
  • 91Total employees (full-time equivalent)
  • $302,301Total assets
  • $19,413Cash and due from depository institutions
  • $13,486Interest-bearing balances
  • $72,599Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $181,154Net loans & leases
  • $2,082Loan loss allowance
  • $0Trading account assets
  • $19,348Bank premises and fixed assets
  • $3,427Other real estate owned
  • $112Goodwill and other intangibles
  • $302,301Life insurance assets
  • $6,248All other assets
  • $274,632Total liabilities and capital
  • $242,830Total liabilities
  • $179,583Total deposits
  • $242,830Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 468.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,000Trading liabilities
  • $0Other borrowed funds
  • $1,334Subordinated debt
  • $27,669All other liabilities
  • $27,669Total equity capital
  • $27,669Total bank equity capital
  • $0Perpetual preferred stock
  • $2,083Common stock
  • $62,178Surplus
  • $-36,592Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,442Income earned, not collected on loans
  • $0Earning assets
  • $1,548Long-term assets (5+ years)
  • $267,239Average Assets, year-to-date
  • $138,314Average Assets, quarterly
  • $307,804Volatile liabilities
  • $300,766Insider loans
  • $201,791FHLB advances
  • $296,300Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,301Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,521Restructured Loans and leases
  • $6,915Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,606Total interest income
  • $2,925Total interest expense
  • $8,681Net interest income
  • $740Provision for loan and lease losses
  • $2,003Total noninterest income
  • $0Fiduciary activities
  • $1,276Service charges on deposit accounts
  • $0Trading account gains & fees
  • $727Additional noninterest income
  • $9,821Total noninterest expense
  • $4,143Salaries and employee benefits
  • $1,762Premises and equipment expense
  • $3,916Additional noninterest expense
  • $123Pre-tax net operating income
  • $57Securities gains (losses)
  • $0Applicable income taxes
  • $180Income before extraordinary items
  • $0Extraordinary gains - net
  • $180Net income attributable to bank
  • $0Net charge-offs
  • $180Cash dividends
  • $718Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.27%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.19%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 3.61%Noninterest expense to earning assets
  • 0.04%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.06%Pretax return on assets
  • 0.67%Return on equity (ROE)
  • 0.67%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 103.06%Credit loss provision to net charge-offs
  • 1.20%Efficiency ratio
  • 91,623Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 18.20%Noncurrent assets plus other real estate owned to assets
  • 4.92%Noncurrent loans to loans
  • 6.24%Net loans and leases to deposits
  • 74.60%Net loans and leases to core deposits
  • 90.70%Equity capital to assets
  • 9.15%Core capital (leverage) ratio
  • 9.89%Tier 1 risk-based capital ratio
  • 14.52%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $307,804Average earning assets
  • $26,685Average equity
  • $271,986Average loans

List of branches

  • 7 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    022561st National Bank Of South Florida1550 North Krome Avenue, Homestead, FL 33030October 24, 1932Full Service Brick and Mortar
    1200944Homestead Air Reserve Base Branch12520 Sw 288 Street, Homestead, FL 33033January 24, 1944Full Service Brick and Mortar
    213158Princeton Branch25151 South Dixie Highway, Princeton, FL 33032January 15, 1965Full Service Brick and Mortar
    3200945Campbell Drive Branch1750 N.E. Eighth Street, Homestead, FL 33033April 03, 1978Full Service Brick and Mortar
    4200946Palmetto Bay Branch9730 East Fern Street, Palmetto Bay, FL 33157December 31, 1985Full Service Brick and Mortar
    5294925Kendall Branch7330 Sw 152 Avenue, Miami, FL 33193Febuary 14, 2000Full Service Brick and Mortar
    6490684Tamiami Airport Branch13550 Sw 120 Street, Suite 402, Miami, FL 33186May 04, 2009Full Service Brick and Mortar

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