Bank of Boston - Florida, National Association in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 03, 2000

  • Bank of Boston - Florida, National Association in Boca Raton, Florida (FL)
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Bank of Boston - Florida, National Association - Overview

  • General
  • FDIC Certificate #: 23813
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet National Bank (#2558)
    Federal Reserve ID: 951737
    Date Established: May 03, 1982
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 16649
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: May 03, 1982
    Last Structure Change Effective Date: April 03, 2000
    Last Structure Change Process Date: June 06, 2000
    Last Data Update: June 06, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 95 South Federal Highway, Boca Raton, FL 33432
    County: Palm Beach
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: New York
    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)
  • Financial Summary
  • Total assets: $33.1 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $34,853Total assets
  • $1,825Cash and due from depository institutions
  • $0Interest-bearing balances
  • $5,390Securities
  • $6,522Federal funds sold & reverse repurchase agreements
  • $17,995Net loans & leases
  • $229Loan loss allowance
  • $0Trading account assets
  • $913Bank premises and fixed assets
  • $0Other real estate owned
  • $88Goodwill and other intangibles
  • $0Life insurance assets
  • $2,120All other assets
  • $34,853Total liabilities and capital
  • $23,145Total liabilities
  • $21,291Total deposits
  • $20,422Interest-bearing deposits
  • $21,291Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $900Other borrowed funds
  • $0Subordinated debt
  • $954All other liabilities
  • $11,708Total equity capital
  • $11,708Total bank equity capital
  • $11,708Perpetual preferred stock
  • $0Common stock
  • $2,250Surplus
  • $8,694Undivided profits
  • Memoranda
  • $764Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $145Earning assets
  • $0Long-term assets (5+ years)
  • $128Average Assets, year-to-date
  • $29,907Average Assets, quarterly
  • $8,182Volatile liabilities
  • $41,177Insider loans
  • $36,286FHLB advances
  • $1,986Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $211Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $2,268Total interest income
  • $1,064Total interest expense
  • $1,204Net interest income
  • $0Provision for loan and lease losses
  • $5,555Total noninterest income
  • $0Fiduciary activities
  • $9Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,546Additional noninterest income
  • $4,914Total noninterest expense
  • $2,199Salaries and employee benefits
  • $831Premises and equipment expense
  • $1,884Additional noninterest expense
  • $1,845Pre-tax net operating income
  • $0Securities gains (losses)
  • $712Applicable income taxes
  • $1,133Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,133Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$44Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.22%Yield on earning assets
  • 2.92%Cost of funding earning assets
  • 3.30%Net interest margin
  • 15.24%Noninterest income to earning assets
  • 13.48%Noninterest expense to earning assets
  • 2.75%Net operating income to assets
  • 2.75%Return on assets (ROA)
  • 4.48%Pretax return on assets
  • 10.16%Return on equity (ROE)
  • 10.16%Retained earnings to average equity (YTD only)
  • -0.20%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 72,304Assets per employee
  • 1.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 157.93%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 84.52%Net loans and leases to core deposits
  • 89.06%Equity capital to assets
  • 33.59%Core capital (leverage) ratio
  • 32.38%Tier 1 risk-based capital ratio
  • 68.89%Total risk-based capital ratio
  • Memoranda
  • $70Average assets
  • $41,177Average earning assets
  • $11,152Average equity
  • $36,441Average loans

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