BankAtlantic in Fort Lauderdale, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • BankAtlantic in Fort Lauderdale, Florida (FL)
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BankAtlantic - Overview

  • General
  • FDIC Certificate #: 30559
    Status: Active
    Federal Reserve ID: 347572
    Date Established: April 21, 1952
    WWW: http://www.bankatlantic.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 78 (Domestic: 78, Interstate: No)
    OTS Docket #: 5551
    FDIC's unique #: 43393
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 21, 1952
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1750 E Sunrise Blvd, Fort Lauderdale, FL 33304
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $3,648.1 mil
    Equity capital: $297.6 mil
    Deposits held in domestic offices: $3,293.2 mil
    Return on assets (ROA): -0.06% (-$2.2 mil)
    Quarterly return on assets: -0.92% (-$33.6 mil)
    Return on Equity (ROE): -0.75% (-$2.2 mil)
    Quarterly return on equity: -11.15% (-$33.2 mil)
    Net income: -$2.2 mil
    Quarterly Net income: -$8.4 mil
    Pretax return on assets: -0.06% (-$2,188.8 mil)
    Quarterly Pretax return on assets: -0.93% (-$33,927.0 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
  • 1,028Total employees (full-time equivalent)
  • $3,648,065Total assets
  • $770,167Cash and due from depository institutions
  • $675,764Interest-bearing balances
  • $46,172Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,538,981Net loans & leases
  • $60,129Loan loss allowance
  • $0Trading account assets
  • $143,063Bank premises and fixed assets
  • $77,171Other real estate owned
  • $13,376Goodwill and other intangibles
  • $3,648,065Life insurance assets
  • $59,135All other assets
  • $3,350,486Total liabilities and capital
  • $3,293,199Total liabilities
  • $3,167,724Total deposits
  • $3,293,199Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $22,000Other borrowed funds
  • $35,287Subordinated debt
  • $297,579All other liabilities
  • $297,579Total equity capital
  • $297,579Total bank equity capital
  • $4,000Perpetual preferred stock
  • $1Common stock
  • $604,693Surplus
  • $-311,115Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $260,908Income earned, not collected on loans
  • $0Earning assets
  • $18,418Long-term assets (5+ years)
  • $3,260,917Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $4,016,116Volatile liabilities
  • $3,677,687Insider loans
  • $2,308,770FHLB advances
  • $3,632,612Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $298,018Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $405,333Restructured Loans and leases
  • $8Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $141,093Total interest income
  • $15,694Total interest expense
  • $125,399Net interest income
  • $74,075Provision for loan and lease losses
  • $128,629Total noninterest income
  • $0Fiduciary activities
  • $42,608Service charges on deposit accounts
  • -$24Trading account gains & fees
  • $86,045Additional noninterest income
  • $182,139Total noninterest expense
  • $70,674Salaries and employee benefits
  • $44,150Premises and equipment expense
  • $67,315Additional noninterest expense
  • -$2,186Pre-tax net operating income
  • $0Securities gains (losses)
  • -$298Applicable income taxes
  • -$1,888Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,222Net income attributable to bank
  • $334Net charge-offs
  • -$1,888Cash dividends
  • $95,305Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.94%Yield on earning assets
  • 0.44%Cost of funding earning assets
  • 3.50%Net interest margin
  • 3.59%Noninterest income to earning assets
  • 5.08%Noninterest expense to earning assets
  • -0.05%Net operating income to assets
  • -0.06%Return on assets (ROA)
  • -0.06%Pretax return on assets
  • -0.75%Return on equity (ROE)
  • -0.75%Retained earnings to average equity (YTD only)
  • 3.32%Net charge-offs to loans
  • 77.72%Credit loss provision to net charge-offs
  • 0.75%Efficiency ratio
  • 71,230Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.31%Loss allowance to noncurrent loans
  • 23.05%Noncurrent assets plus other real estate owned to assets
  • 9.27%Noncurrent loans to loans
  • 10.04%Net loans and leases to deposits
  • 77.10%Net loans and leases to core deposits
  • 77.58%Equity capital to assets
  • 8.16%Core capital (leverage) ratio
  • 8.20%Tier 1 risk-based capital ratio
  • 12.91%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $4,016,116Average earning assets
  • $296,156Average equity
  • $3,584,051Average loans

List of branches

  • 78 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043393Bankatlantic1750 E Sunrise Blvd, Fort Lauderdale, FL 33304April 21, 1952Full Service Brick and Mortar
    12807764295 North Andrews Avenue Branch4295 North Andrews Avenue, Fort Lauderdale, FL 33309April 21, 1952Full Service Brick and Mortar
    32807781600 South Federal Highway Branch1600 South Federal Highway, Pompano Beach, FL 33062April 21, 1952Full Service Brick and Mortar
    42807791771 N W 40th Avenue Branch1771 N.W. 40th Avenue, Lauderhill, FL 33313April 21, 1952Full Service Brick and Mortar
    52807803564 N Ocean Blvd Branch3564 N. Ocean Boulevard, Fort Lauderdale, FL 33308April 21, 1952Full Service Brick and Mortar
    72807825600 N University Drive Branch5600 North University Drive, Tamarac, FL 33351April 21, 1952Full Service Brick and Mortar
    82807834351 Hollywood Blvd Branch4351 Hollywood Boulevard, Hollywood, FL 33021April 21, 1952Full Service Brick and Mortar
    12280787701 North Federal Highway Branch701 North Federal Highway, Boca Raton, FL 33432April 21, 1952Full Service Brick and Mortar
    14280789Dania Branch372 East Dania Beach Boulevard, Dania, FL 33004April 21, 1952Full Service Brick and Mortar
    15280790600 N Us 1 Branch600 North U.S. 1, North Palm Beach, FL 33408April 21, 1952Full Service Brick and Mortar
    19280794One Biscayne Branch2 South Biscayne Boulevard, Suite 0140, Miami, FL 33131April 21, 1952Full Service Brick and Mortar
    22280795Boynton Beach Branch100 North Congress Avenue, Boynton Beach, FL 33426April 21, 1952Full Service Brick and Mortar
    23280796West Delray Branch6473 West Atlantic Avenue, Delray Beach, FL 33484April 21, 1952Full Service Brick and Mortar
    24280797Jacaranda Branch1801 North Pine Island Road, Plantation, FL 33322April 21, 1952Full Service Brick and Mortar
    100280799Manalapan Branch131 South Ocean Boulevard, Manalapan, FL 33462April 21, 1952Full Service Brick and Mortar
    105280804Hallandale Branch2309 East Hallandale Beach Boulevard, Hallandale, FL 33009April 21, 1952Full Service Brick and Mortar
    108280806Mainlands Branch4211 West Commercial Boulevard, Tamarac, FL 33319April 21, 1952Full Service Brick and Mortar
    112280810Palm Lakes Branch7282 West Atlantic Boulevard, Margate, FL 33063April 21, 1952Full Service Brick and Mortar
    117280815Boca Greens Branch19631 State Road 7, Boca Raton, FL 33498April 21, 1952Full Service Brick and Mortar
    122280820South Pembroke Branch11200 Pines Boulevard, Pembroke Pines, FL 33026April 21, 1952Full Service Brick and Mortar
    123280821Coconut Creek Branch4855 Coconut Creek Parkway, Coconut Creek, FL 33063April 21, 1952Full Service Brick and Mortar
    12428082214th St Causeway Branch3233 N.E. 14th Street Causeway, Pompano Beach, FL 33062June 30, 1985Full Service Brick and Mortar
    128280826Deerfield Branch1299 S. Military Trail, Deerfield Beach, FL 33442June 30, 1989Full Service Brick and Mortar
    12917631Kendall Branch11400 North Kendall Drive, Miami, FL 33176November 19, 1984Full Service Brick and Mortar
    131258193South Miami Branch6202 South Dixie Highway, South Miami, FL 33143November 19, 1986Full Service Brick and Mortar
    133258195Aventura Branch18999 Biscayne Boulevard, North Miami Beach, FL 33180August 03, 1992Full Service Brick and Mortar
    137280830West Palm Beach Branch5737 Okeechobee Boulevard, West Palm Beach, FL 33417March 01, 1984Full Service Brick and Mortar
    138280831Coral Gables Branch2121 Ponce De Leon Boulevard, Coral Gables, FL 33134March 15, 1995Full Service Brick and Mortar
    141280834Cypress Place Branch701 West Cypress Creek Road, Fort Lauderdale, FL 33309March 13, 1995Full Service Brick and Mortar
    149286723West Oakland Park Branch3401 Pine Island Road, Sunrise, FL 33351Febuary 18, 1981Full Service Brick and Mortar
    15046152Kendall Lakes Branch8701 S.W. 137th Avenue, Miami, FL 33183June 15, 1990Full Service Brick and Mortar
    15146411North Tamarac Branch8201 North University Drive, Tamarac, FL 33321August 24, 1990Full Service Brick and Mortar
    153287205North Coral Springs Branch4695 North University Drive, Coral Springs, FL 33067June 30, 1988Full Service Brick and Mortar
    154289484Glades Road Branch6100 Glades Road, Boca Raton, FL 33434March 25, 1991Full Service Brick and Mortar
    156289486Hillsboro Blvd Branch10 Fairway Drive, Deerfield Beach, FL 33441January 03, 1994Full Service Brick and Mortar
    167280847Fau Branch777 Glades Road, Boca Raton, FL 33431August 25, 1997Full Service Brick and Mortar
    168280848Bird Road Branch8994 Sw 40th St, Miami, FL 33165October 21, 1997Full Service Brick and Mortar
    169280849Lake Worth Branch4148 Jog Road, Lake Worth, FL 33467December 22, 1997Full Service Brick and Mortar
    170280850Brickell Branch1101 Brickell Avenue, Miami, FL 33131September 30, 1997Full Service Brick and Mortar
    171280851Hialeah Branch1455 West 49th Street, Hialeah, FL 33012June 11, 1997Full Service Brick and Mortar
    179280859Las Olas Branch301 East Las Olas Blvd, Fort Lauderdale, FL 33301October 20, 1998Full Service Brick and Mortar
    18428086417th Street Causeway Branch1300 S.E. 17th Street Causeway, Fort Lauderdale, FL 33316October 12, 1999Full Service Brick and Mortar
    187360677Doral Branch8705 N.W. 35th Lane, Miami, FL 33172June 25, 2001Full Service Brick and Mortar
    190282098Tequesta Branch101 N. U.S. Highway 1, Tequesta, FL 33469August 15, 1955Full Service Brick and Mortar
    191282101Port Salerno Branch5545 S.E. Federal Highway, Stuart, FL 34997August 15, 1955Full Service Brick and Mortar
    192282102Palm Beach Gardens Branch9600 Alt A 1 A, Palm Beach Gardens, FL 33410August 15, 1955Full Service Brick and Mortar
    193282103Jensen Beach Branch1170 N.E. Jensen Beach Boulevard, Jensen Beach, FL 34957August 15, 1955Full Service Brick and Mortar
    195282107Port St. Lucie Branch147 Southwest Port St. Lucie Boulevard, Port St. Lucie, FL 34984June 30, 1985Full Service Brick and Mortar
    196282108Fort Pierce Branch1050 Virginia Avenue, Fort Pierce, FL 34982June 30, 1986Full Service Brick and Mortar
    198282111Maplewood Branch1570 West Indiantown Road, Jupiter, FL 33458June 30, 1986Full Service Brick and Mortar
    199282112Bluffs Branch3950 S. U.S. Highway 1, Jupiter, FL 33477June 30, 1987Full Service Brick and Mortar
    200282114Village Commons Branch971 Village Boulevard, West Palm Beach, FL 33409June 30, 1989Full Service Brick and Mortar
    201282115St. Lucie West Branch1549 St. Lucie West Boulevard, Port St. Lucie, FL 34986June 06, 1994Full Service Brick and Mortar
    202282116Riviera Beach Branch2600 Broadway, Riviera Beach, FL 33404March 01, 1984Full Service Brick and Mortar
    203282117Hobe Sound Branch11400 S.E. Federal Highway, Hobe Sound, FL 33455March 01, 1990Full Service Brick and Mortar
    204282118Toney Penna Branch520 Toney Penna Drive, Jupiter, FL 33458September 22, 1994Full Service Brick and Mortar
    205282119Pga Branch7102 Fairway Drive, Palm Beach Gardens, FL 33418April 22, 1996Full Service Brick and Mortar
    210359127Ibis Branch10100 Northlake Blvd., West Palm Beach, FL 33412December 13, 1999Full Service Brick and Mortar
    214432855Abacoa Branch5450 South Central Boulevard, Jupiter, FL 33458May 07, 2002Full Service Brick and Mortar
    215432856Flagler Branch7900 West Flagler Street, Miami, FL 33144November 27, 2000Full Service Brick and Mortar
    216432857Palm City Branch2650 Sw Matheson Ave, Palm City, FL 34990March 22, 2002Full Service Brick and Mortar
    217432858Andros Isle Branch8961 Okeechobee Boulevard, West Palm Beach, FL 33411March 22, 2002Full Service Brick and Mortar
    222492426Inverrary Branch5995 W Oakland Blvd, Fort Lauderdale, FL 33313August 18, 2007Full Service Brick and Mortar
    224492428North Miami Branch12655 Ne 6 Ave, North Miami, FL 33161August 08, 2007Full Service Brick and Mortar
    226492430St. Lucie East Branch10585 South Us Hwy 1, Port Saint Lucie, FL 34952December 01, 2007Full Service Brick and Mortar
    228492432West Miramar Branch17185 Miramar Pkwy, Miramar, FL 33027Febuary 16, 2008Full Service Brick and Mortar
    233495780Tamiami Branch14690 Sw 8th St, Miami, FL 33184January 30, 2007Full Service Brick and Mortar
    234495781Country Walk Branch13731 Sw 152nd St, Miami, FL 33177December 16, 2006Full Service Brick and Mortar
    235495782Red Road Branch17930 Nw 57th Ave, Hialeah, FL 33015September 30, 2006Full Service Brick and Mortar
    236495783Las Americas Plaza Branch2375 Sw 122nd Ave, Miami, FL 33175September 23, 2006Full Service Brick and Mortar
    237495786Palmetto Bay Branch15725 S Dixie Hwy, Miami, FL 33157July 29, 2006Full Service Brick and Mortar
    239495788Fiu Avenue Branch869 Sw 107th Ave, Miami, FL 33174April 27, 2006Full Service Brick and Mortar
    240495789163rd Street Branch1495 Ne 163rd St, Miami, FL 33162March 06, 2006Full Service Brick and Mortar
    241495791Trail Plaza Branch1190 Sw 67th Ave, Miami, FL 33144December 29, 2005Full Service Brick and Mortar
    244495807Hialeah West Branch7775 W 33 Avenue, Hialeah, FL 33018April 28, 2007Full Service Brick and Mortar
    245495815West Coral Springs Branch10385 Royal Palm Blvd, Coral Springs, FL 33065December 09, 2005Full Service Brick and Mortar
    246495816Weston Branch1900 Weston Road, Fort Lauderdale, FL 33326January 20, 2007Full Service Brick and Mortar
    247495818Royal Palm Beach Branch11161 Southern Boulevard, West Palm Beach, FL 33411December 16, 2006Full Service Brick and Mortar

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