FDIC Certificate #: 26973 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:RBC Bank (USA) (#33184) Federal Reserve ID: 774730 Date Established: May 28, 1987 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 10 (Interstate: No) FDIC's unique #: 36388 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: May 28, 1987 Last Structure Change Effective Date: April 26, 2003 Last Structure Change Process Date: July 14, 2003 Last Data Update: July 14, 2003 Data Source Date: April 05, 2012
Location
Address: 4400 Pga Boulevard, Suite 100, Palm Beach Gardens, FL 33410 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: $713.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
115Total employees (full-time equivalent)
$604,312Total assets
$16,255Cash and due from depository institutions
$30Interest-bearing balances
$41,860Securities
$53,725Federal funds sold & reverse repurchase agreements
$476,884Net loans & leases
$5,435Loan loss allowance
$0Trading account assets
$5,066Bank premises and fixed assets
$129Other real estate owned
$3,400Goodwill and other intangibles
$0Life insurance assets
$6,993All other assets
$604,312Total liabilities and capital
$553,475Total liabilities
$552,078Total deposits
$444,835Interest-bearing deposits
$552,078Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,397All other liabilities
$50,837Total equity capital
$50,837Total bank equity capital
$50,837Perpetual preferred stock
$0Common stock
$1,760Surplus
$45,531Undivided profits
Memoranda
$3,546Noncurrent loans and leases
$118,712Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$621Earning assets
$0Long-term assets (5+ years)
$1,876Average Assets, year-to-date
$572,499Average Assets, quarterly
$36,247Volatile liabilities
$561,894Insider loans
$599,924FHLB advances
$101,007Loans and leases held for sale
$6,411Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$118,712Total unused commitments
$0Restructured Loans and leases
$5,435Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$33,794Total interest income
$11,923Total interest expense
$21,871Net interest income
$1,393Provision for loan and lease losses
$1,223Total noninterest income
$0Fiduciary activities
$793Service charges on deposit accounts
$0Trading account gains & fees
$430Additional noninterest income
$12,517Total noninterest expense
$6,693Salaries and employee benefits
$2,822Premises and equipment expense
$3,002Additional noninterest expense
$9,184Pre-tax net operating income
$0Securities gains (losses)
$3,404Applicable income taxes
$5,780Income before extraordinary items
$0Extraordinary gains - net
$5,780Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$802Sale, conversion, retirement of capital stock, net
$750Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.39%Yield on earning assets
2.26%Cost of funding earning assets
4.14%Net interest margin
0.23%Noninterest income to earning assets
2.37%Noninterest expense to earning assets
1.03%Net operating income to assets
1.03%Return on assets (ROA)
1.63%Pretax return on assets
12.39%Return on equity (ROE)
10.78%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
173.69%Credit loss provision to net charge-offs
13.19%Efficiency ratio
53,897Assets per employee
5.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.98%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
875.20%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.13%Net loans and leases to deposits
86.38%Net loans and leases to core deposits
105.72%Equity capital to assets
8.41%Core capital (leverage) ratio
7.79%Tier 1 risk-based capital ratio
9.02%Total risk-based capital ratio
Memoranda
$10Average assets
$561,894Average earning assets
$46,647Average equity
$528,696Average loans
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