Bank of Belle Glade in Belle Glade, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Belle Glade - Overview

  • General
  • FDIC Certificate #: 18930
    Status: Active
    Federal Reserve ID: 302030
    Bank Holding Company (Regulatory Top Holder): Belle Glade Bank Corporation (RSSDID: 1138272, Location: Belle Glade, FL)
    Date Established: November 14, 1963
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 14049
    FDIC's unique #: 12777
    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: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: November 14, 1963
    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: 108 Southeast Avenue D, Belle Glade, FL 33430
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $82.7 mil
    Equity capital: $7.3 mil
    Deposits held in domestic offices: $75.1 mil
    Return on assets (ROA): 0.32% ($0.3 mil)
    Quarterly return on assets: 0.30% ($0.2 mil)
    Return on Equity (ROE): 3.46% ($0.2 mil)
    Quarterly return on equity: 3.09% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.51% ($421.6 mil)
    Quarterly Pretax return on assets: 0.48% ($396.8 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, 2011)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $82,662Total assets
  • $21,413Cash and due from depository institutions
  • $15,361Interest-bearing balances
  • $37,392Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $22,830Net loans & leases
  • $399Loan loss allowance
  • $0Trading account assets
  • $392Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $82,662Life insurance assets
  • $635All other assets
  • $75,341Total liabilities and capital
  • $75,147Total liabilities
  • $44,534Total deposits
  • $75,147Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $194Subordinated debt
  • $7,321All other liabilities
  • $7,321Total equity capital
  • $7,321Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $3,000Surplus
  • $4,021Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $304Income earned, not collected on loans
  • $0Earning assets
  • $189Long-term assets (5+ years)
  • $75,583Average Assets, year-to-date
  • $48,903Average Assets, quarterly
  • $77,618Volatile liabilities
  • $77,235Insider loans
  • $27,204FHLB advances
  • $76,188Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,235Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,608Restructured Loans and leases
  • $2,910Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,294Total interest income
  • $242Total interest expense
  • $2,052Net interest income
  • $48Provision for loan and lease losses
  • $394Total noninterest income
  • $0Fiduciary activities
  • $304Service charges on deposit accounts
  • $0Trading account gains & fees
  • $90Additional noninterest income
  • $2,037Total noninterest expense
  • $889Salaries and employee benefits
  • $258Premises and equipment expense
  • $890Additional noninterest expense
  • $361Pre-tax net operating income
  • $34Securities gains (losses)
  • $149Applicable income taxes
  • $246Income before extraordinary items
  • $0Extraordinary gains - net
  • $246Net income attributable to bank
  • $0Net charge-offs
  • $246Cash dividends
  • $150Sale, conversion, retirement of capital stock, net
  • $117Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.24%Yield on earning assets
  • 0.34%Cost of funding earning assets
  • 2.90%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.51%Pretax return on assets
  • 3.46%Return on equity (ROE)
  • 1.82%Retained earnings to average equity (YTD only)
  • 0.64%Net charge-offs to loans
  • 32.00%Credit loss provision to net charge-offs
  • 2.73%Efficiency ratio
  • 83,279Assets per employee
  • 4.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.56%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 131.25%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 1.31%Net loans and leases to deposits
  • 30.38%Net loans and leases to core deposits
  • 30.61%Equity capital to assets
  • 8.86%Core capital (leverage) ratio
  • 9.50%Tier 1 risk-based capital ratio
  • 26.60%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $77,618Average earning assets
  • $7,100Average equity
  • $70,805Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012777Bank Of Belle Glade108 Southeast Avenue D, Belle Glade, FL 33430November 14, 1963Full Service Brick and Mortar
    1246854Mini Plaza Branch131 U.S. Highway 27, South Bay, FL 33493June 23, 1978Full Service Brick and Mortar

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