American Savings of Florida, F.S.B. in Miami, Florida (FL)



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American Savings of Florida, F.S.B.
GeneralFDIC Certificate #: 30473
Status: Inactive
Closing history: Corrections
Acquiring institution: First Union National Bank of Florida (#24398)
Federal Reserve ID: 177470
Date Established: August 16, 1950
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 5405
FDIC's unique #: 43307
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: August 16, 1950
Last Structure Change Effective Date: July 01, 1995
Last Structure Change Process Date: July 10, 1995
Last Data Update: September 18, 1999
Data Source Date: April 05, 2012
LocationAddress: 17801 Nw Second Avenue, Miami, FL 33169
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 ChangesMerger - Without Assistance
Corrections
Financial SummaryTotal assets: $3,284.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$740
Cash and due from depository institutions$3,570,891
Interest-bearing balances$35,651
Securities$237
Federal funds sold & reverse repurchase agreements$1,239,522
Net loans & leases$70,000
Loan loss allowance $2,012,544
Trading account assets$19,087
Bank premises and fixed assets$0
Other real estate owned$33,303
Goodwill and other intangibles$4,249
All other assets$75,035
Life insurance assets$100,587
Total liabilities and capital$0
Total liabilities$3,570,891
Total deposits$3,354,357
Interest-bearing deposits$2,376,559
Deposits held in domestic offices$2,366,325
% insured (estimated)2376559.00%
Federal funds purchased & repurchase agreements $98
Trading liabilities$487,534
Other borrowed funds $0
Subordinated debt $467,580
All other liabilities $0
Total equity capital$22,684
Total bank equity capital$22,684
Perpetual preferred stock$216,534
Common stock$0
Surplus$115
Undivided profits $288,624
Memoranda
Noncurrent loans and leases $-72,205
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $16,983
Earning assets $12,682
Long-term assets (5+ years) $3,322,303
Average Assets, year-to-date $0
Average Assets, quarterly $3,335,846
Volatile liabilities $3,532,803
Insider loans $1,120,864
FHLB advances $658
Loans and leases held for sale $454,205
Unused loan commitments $0
Tier 1 (core) risk-based capital $102,602
Tier 2 risk-based capital $0
Total risk weighted assets $178,657
Total unused commitments $1,766,950
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $193,855
Net interest income $118,484
Provision for loan and lease losses $75,371
Total noninterest income $600
Fiduciary activities $12,730
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $12,730
Salaries and employee benefits $65,844
Premises and equipment expense $32,650
Additional noninterest expense $8,006
Pre-tax net operating income $25,188
Securities gains (losses) $21,657
Applicable income taxes $441
Income before extraordinary items $2,871
Extraordinary gains - net $19,227
Net income attributable to bank $0
Net charge-offs $19,227
Cash dividends $1,944
Sale, conversion, retirement of capital stock, net $0
Net operating income $879
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 6.25%
Net interest margin 3.82%
Noninterest income to earning assets 2.43%
Noninterest expense to earning assets 0.41%
Net operating income to assets 2.12%
Return on assets (ROA) 0.56%
Pretax return on assets 0.58%
Return on equity (ROE) 0.66%
Retained earnings to average equity (YTD only) 9.15%
Net charge-offs to loans 9.15%
Credit loss provision to net charge-offs 0.10%
Efficiency ratio30.86%
Assets per employee$67,956
Cash dividends to net income (YTD only)4.83%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.94%
Noncurrent assets plus other real estate owned to assets 112.39%
Noncurrent loans to loans 0.59%
Net loans and leases to deposits0.84%
Net loans and leases to core deposits 84.68%
Equity capital to assets 91.03%
Core capital (leverage) ratio 6.06%
Tier 1 risk-based capital ratio 5.09%
Total risk-based capital ratio 10.11%
Memoranda
Average assets$11
Average earning assets$3,335,846
Average equity $210,071
Average loans $3,100,328
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