Banesco USA in Coral Gables, Florida (FL), Puerto Rico
Overview, Financial Summary, Detailed Financial Reports, Branches


Banesco USA - Overview

  • General
  • FDIC Certificate #: 57815
    Status: Active
    Federal Reserve ID: 3402913
    Date Established: January 10, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: Yes)
    FDIC's unique #: 426556
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 10, 2006
    Last Structure Change Effective Date: July 06, 2011
    Last Structure Change Process Date: July 06, 2011
    Last Data Update: July 06, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 150 Alhambra Circle, Suite 100, 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)
  • Financial Summary
  • Total assets: $490.4 mil
    Equity capital: $43.3 mil
    Deposits held in domestic offices: $410.9 mil
    Return on assets (ROA): 0.88% ($4.3 mil)
    Quarterly return on assets: 1.79% ($8.8 mil)
    Return on Equity (ROE): 9.71% ($4.2 mil)
    Quarterly return on equity: 19.71% ($8.5 mil)
    Net income: $3.8 mil
    Quarterly Net income: $2.1 mil
    Pretax return on assets: 0.75% ($3,678.1 mil)
    Quarterly Pretax return on assets: 0.90% ($4,413.8 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
  • 94Total employees (full-time equivalent)
  • $490,417Total assets
  • $47,666Cash and due from depository institutions
  • $40,828Interest-bearing balances
  • $143,219Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $291,672Net loans & leases
  • $3,986Loan loss allowance
  • $0Trading account assets
  • $2,359Bank premises and fixed assets
  • $552Other real estate owned
  • $0Goodwill and other intangibles
  • $490,417Life insurance assets
  • $4,949All other assets
  • $447,083Total liabilities and capital
  • $425,456Total liabilities
  • $249,427Total deposits
  • $410,910Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 4983.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,031Trading liabilities
  • $0Other borrowed funds
  • $1,613Subordinated debt
  • $43,334All other liabilities
  • $43,334Total equity capital
  • $43,334Total bank equity capital
  • $0Perpetual preferred stock
  • $15,950Common stock
  • $26,962Surplus
  • $422Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,778Income earned, not collected on loans
  • $0Earning assets
  • $1,496Long-term assets (5+ years)
  • $475,719Average Assets, year-to-date
  • $209,366Average Assets, quarterly
  • $432,846Volatile liabilities
  • $467,807Insider loans
  • $292,289FHLB advances
  • $469,053Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $43,047Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $57,311Restructured Loans and leases
  • $209Derivatives
  • $3,136Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,938Total interest income
  • $2,312Total interest expense
  • $15,626Net interest income
  • $1,972Provision for loan and lease losses
  • $2,830Total noninterest income
  • $0Fiduciary activities
  • $956Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,874Additional noninterest income
  • $13,757Total noninterest expense
  • $7,402Salaries and employee benefits
  • $1,785Premises and equipment expense
  • $4,570Additional noninterest expense
  • $2,727Pre-tax net operating income
  • $513Securities gains (losses)
  • -$567Applicable income taxes
  • $3,807Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,807Net income attributable to bank
  • $0Net charge-offs
  • $3,807Cash dividends
  • $1,097Sale, 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
  • 0.55%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.27%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 9.71%Return on equity (ROE)
  • 9.71%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 179.76%Credit loss provision to net charge-offs
  • 4.28%Efficiency ratio
  • 74,539Assets per employee
  • 5.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 143.48%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 0.94%Net loans and leases to deposits
  • 68.56%Net loans and leases to core deposits
  • 95.55%Equity capital to assets
  • 8.84%Core capital (leverage) ratio
  • 9.18%Tier 1 risk-based capital ratio
  • 14.73%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $432,846Average earning assets
  • $39,201Average equity
  • $420,532Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0426556Banesco Usa150 Alhambra Circle, Suite 100, Coral Gables, FL 33134January 10, 2006Full Service Brick and Mortar
    1492772Doral Boulevard Branch9500 Nw 41 Street, Doral, FL 33178June 26, 2009Full Service Brick and Mortar
  • 1 Puerto Rico Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2520927Hato Rey Branch255 Avenue Ponce De Leon, San Juan, Puerto Rico 917September 01, 2010Full Service Brick and Mortar

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