BAC Florida Bank in Coral Gables, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


BAC Florida Bank - Overview

  • General
  • FDIC Certificate #: 21265
    Status: Active
    Federal Reserve ID: 725732
    Date Established: October 12, 1973
    WWW: http://www.bacflorida.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 10221
    FDIC's unique #: 14709
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: October 12, 1973
    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: 169 Miracle Mile, Suite R10, Coral Gables, FL 33134
    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: $1,174.2 mil
    Equity capital: $99.3 mil
    Deposits held in domestic offices: $776.0 mil
    Return on assets (ROA): 0.09% ($1.1 mil)
    Quarterly return on assets: 0.14% ($1.6 mil)
    Return on Equity (ROE): 1.01% ($1.0 mil)
    Quarterly return on equity: 1.69% ($1.7 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.05% ($587.1 mil)
    Quarterly Pretax return on assets: 0.20% ($2,348.3 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
  • 149Total employees (full-time equivalent)
  • $1,174,160Total assets
  • $139,441Cash and due from depository institutions
  • $127,204Interest-bearing balances
  • $105,322Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $867,946Net loans & leases
  • $14,780Loan loss allowance
  • $305Trading account assets
  • $377Bank premises and fixed assets
  • $2,196Other real estate owned
  • $2,686Goodwill and other intangibles
  • $1,174,160Life insurance assets
  • $55,887All other assets
  • $1,074,770Total liabilities and capital
  • $851,182Total liabilities
  • $628,441Total deposits
  • $775,977Interest-bearing deposits
  • $61Deposits held in domestic offices
  • 37000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $177,050Trading liabilities
  • $0Other borrowed funds
  • $9,538Subordinated debt
  • $99,390All other liabilities
  • $99,302Total equity capital
  • $99,302Total bank equity capital
  • $0Perpetual preferred stock
  • $20,833Common stock
  • $30,038Surplus
  • $48,431Undivided profits
  • Memoranda
  • $88Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $32,088Income earned, not collected on loans
  • $0Earning assets
  • $3,997Long-term assets (5+ years)
  • $1,100,777Average Assets, year-to-date
  • $38,362Average Assets, quarterly
  • $1,141,275Volatile liabilities
  • $1,162,970Insider loans
  • $598,314FHLB advances
  • $1,155,253Loans and leases held for sale
  • $19,406Unused loan commitments
  • $18,742Tier 1 (core) risk-based capital
  • $95,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $664Total unused commitments
  • $16,484Restructured Loans and leases
  • $7,510Derivatives
  • $5,030Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $38,993Total interest income
  • $10,656Total interest expense
  • $28,337Net interest income
  • $10,190Provision for loan and lease losses
  • $11,643Total noninterest income
  • $0Fiduciary activities
  • $486Service charges on deposit accounts
  • -$105Trading account gains & fees
  • $11,262Additional noninterest income
  • $29,508Total noninterest expense
  • $13,191Salaries and employee benefits
  • $2,779Premises and equipment expense
  • $13,538Additional noninterest expense
  • $282Pre-tax net operating income
  • $332Securities gains (losses)
  • -$403Applicable income taxes
  • $1,017Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,003Net income attributable to bank
  • $14Net charge-offs
  • $1,017Cash dividends
  • $9,055Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.64%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 2.65%Net interest margin
  • 1.09%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 0.06%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.05%Pretax return on assets
  • 1.01%Return on equity (ROE)
  • 1.01%Retained earnings to average equity (YTD only)
  • 1.06%Net charge-offs to loans
  • 112.53%Credit loss provision to net charge-offs
  • 1.16%Efficiency ratio
  • 73,807Assets per employee
  • 7.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 46.06%Noncurrent assets plus other real estate owned to assets
  • 2.92%Noncurrent loans to loans
  • 3.64%Net loans and leases to deposits
  • 101.97%Net loans and leases to core deposits
  • 137.25%Equity capital to assets
  • 8.46%Core capital (leverage) ratio
  • 8.22%Tier 1 risk-based capital ratio
  • 15.88%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $1,141,275Average earning assets
  • $99,204Average equity
  • $1,070,976Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014709Bac Florida Bank169 Miracle Mile, Suite R10, Coral Gables, FL 33134October 12, 1973Full Service Brick and Mortar

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