Anchor Commercial Bank in North Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Anchor Commercial Bank - Overview

  • General
  • FDIC Certificate #: 57931
    Status: Active
    Federal Reserve ID: 3342671
    Date Established: March 22, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 431755
    Numeric code: 13
    Regulator: FED
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 22, 2005
    Last Structure Change Effective Date: March 03, 2007
    Last Structure Change Process Date: July 06, 2010
    Last Data Update: July 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 13951 U.S. Highway 1, North Palm Beach, FL 33408
    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)
  • History of Changes
  • Change in Location
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $127.8 mil
    Equity capital: $5.2 mil
    Deposits held in domestic offices: $122.3 mil
    Return on assets (ROA): -1.06% (-$1.4 mil)
    Quarterly return on assets: 0.13% ($0.2 mil)
    Return on Equity (ROE): -25.13% (-$1.3 mil)
    Quarterly return on equity: 3.32% ($0.2 mil)
    Net income: -$1.5 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -1.06% (-$1,355.0 mil)
    Quarterly Pretax return on assets: 0.13% ($166.2 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
  • 19Total employees (full-time equivalent)
  • $127,834Total assets
  • $10,051Cash and due from depository institutions
  • $8,607Interest-bearing balances
  • $17,273Securities
  • $75Federal funds sold & reverse repurchase agreements
  • $94,663Net loans & leases
  • $3,762Loan loss allowance
  • $0Trading account assets
  • $838Bank premises and fixed assets
  • $3,928Other real estate owned
  • $0Goodwill and other intangibles
  • $127,834Life insurance assets
  • $1,006All other assets
  • $122,653Total liabilities and capital
  • $122,278Total liabilities
  • $108,219Total deposits
  • $122,278Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $375Subordinated debt
  • $5,181All other liabilities
  • $5,181Total equity capital
  • $5,181Total bank equity capital
  • $0Perpetual preferred stock
  • $10,500Common stock
  • $10,613Surplus
  • $-15,932Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,878Income earned, not collected on loans
  • $0Earning assets
  • $495Long-term assets (5+ years)
  • $120,618Average Assets, year-to-date
  • $45,349Average Assets, quarterly
  • $142,069Volatile liabilities
  • $130,808Insider loans
  • $95,089FHLB advances
  • $132,129Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,859Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,827Restructured Loans and leases
  • $80Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,973Total interest income
  • $924Total interest expense
  • $5,049Net interest income
  • $2,914Provision for loan and lease losses
  • -$18Total noninterest income
  • $0Fiduciary activities
  • $51Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$69Additional noninterest income
  • $3,627Total noninterest expense
  • $1,245Salaries and employee benefits
  • $821Premises and equipment expense
  • $1,561Additional noninterest expense
  • -$1,510Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,510Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,510Net income attributable to bank
  • $0Net charge-offs
  • -$1,510Cash dividends
  • $5,859Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 3.73%Net interest margin
  • -0.01%Noninterest income to earning assets
  • 2.68%Noninterest expense to earning assets
  • -1.06%Net operating income to assets
  • -1.06%Return on assets (ROA)
  • -1.06%Pretax return on assets
  • -25.13%Return on equity (ROE)
  • -25.13%Retained earnings to average equity (YTD only)
  • 5.33%Net charge-offs to loans
  • 49.74%Credit loss provision to net charge-offs
  • 0.24%Efficiency ratio
  • 72,093Assets per employee
  • 6.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.82%Loss allowance to noncurrent loans
  • 25.29%Noncurrent assets plus other real estate owned to assets
  • 14.71%Noncurrent loans to loans
  • 15.12%Net loans and leases to deposits
  • 77.42%Net loans and leases to core deposits
  • 77.98%Equity capital to assets
  • 4.05%Core capital (leverage) ratio
  • 3.68%Tier 1 risk-based capital ratio
  • 5.11%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $142,069Average earning assets
  • $6,008Average equity
  • $135,406Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0431755Anchor Commercial Bank13951 U.S. Highway 1, North Palm Beach, FL 33408March 22, 2005Full Service Brick and Mortar
    1464798Rca Branch11025 Rca Center Drive, Palm Beach Gardens, FL 33410June 04, 2007Full Service Brick and Mortar

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