Bank of North America in Fort Lauderdale, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 12, 1996

  • Bank of North America in Fort Lauderdale, Florida (FL)
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Bank of North America - Overview

  • General
  • FDIC Certificate #: 33350
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BankAtlantic (#30559)
    Federal Reserve ID: 1829534
    Date Established: March 08, 1991
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    OTS Docket #: 9358
    FDIC's unique #: 46929
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 08, 1991
    Last Structure Change Effective Date: October 12, 1996
    Last Structure Change Process Date: November 26, 1996
    Last Data Update: November 26, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 2000 West Commercial Boulevard, Fort Lauderdale, FL 33309
    County: Broward
    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): Fort Lauderdale, FL (#2680)
    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: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
  • Financial Summary
  • Total assets: $525.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $223Total assets
  • $554,500Cash and due from depository institutions
  • $51,029Interest-bearing balances
  • $36,423Securities
  • $103,562Federal funds sold & reverse repurchase agreements
  • $431Net loans & leases
  • $380,208Loan loss allowance
  • $5,501Trading account assets
  • $0Bank premises and fixed assets
  • $8,211Other real estate owned
  • $1,025Goodwill and other intangibles
  • $7,548Life insurance assets
  • $2,486All other assets
  • $0Total liabilities and capital
  • $554,500Total liabilities
  • $516,620Total deposits
  • $493,951Interest-bearing deposits
  • $439,981Deposits held in domestic offices
  • 493951.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $820Trading liabilities
  • $0Other borrowed funds
  • $20,000Subordinated debt
  • $0All other liabilities
  • $1,849Total equity capital
  • $1,849Total bank equity capital
  • $37,880Perpetual preferred stock
  • $0Common stock
  • $7,500Surplus
  • $22,500Undivided profits
  • Memoranda
  • $7,880Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,914Income earned, not collected on loans
  • $2,976Earning assets
  • $520,624Long-term assets (5+ years)
  • $165,844Average Assets, year-to-date
  • $549,017Average Assets, quarterly
  • $552,111Volatile liabilities
  • $49,280Insider loans
  • $606FHLB advances
  • $0Loans and leases held for sale
  • $2,710Unused loan commitments
  • $49,816Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $38,130Total risk weighted assets
  • $331,763Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $40,552Total interest expense
  • $23,016Net interest income
  • $17,536Provision for loan and lease losses
  • $1,150Total noninterest income
  • $5,480Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,234Trading account gains & fees
  • $0Additional noninterest income
  • $3,246Total noninterest expense
  • $18,658Salaries and employee benefits
  • $8,503Premises and equipment expense
  • $3,261Additional noninterest expense
  • $6,894Pre-tax net operating income
  • $3,208Securities gains (losses)
  • $137Applicable income taxes
  • $1,133Income before extraordinary items
  • $2,212Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,212Net charge-offs
  • $1,019Cash dividends
  • $100Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.83%Cost of funding earning assets
  • 4.45%Net interest margin
  • 3.39%Noninterest income to earning assets
  • 1.06%Noninterest expense to earning assets
  • 3.60%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 0.61%Return on equity (ROE)
  • 6.03%Retained earnings to average equity (YTD only)
  • 5.76%Net charge-offs to loans
  • 0.28%Credit loss provision to net charge-offs
  • 112.86%Efficiency ratio
  • 79,010Assets per employee
  • 2.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 4.52%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 140.55%Noncurrent assets plus other real estate owned to assets
  • 0.89%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 76.97%Net loans and leases to core deposits
  • 85.35%Equity capital to assets
  • 6.83%Core capital (leverage) ratio
  • 6.89%Tier 1 risk-based capital ratio
  • 11.49%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $549,017Average earning assets
  • $36,696Average equity
  • $517,728Average loans

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