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
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of Boston - Florida, National Association.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: