Beach Bank in Miami Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 30, 2006

  • Beach Bank in Miami Beach, Florida (FL)
  • Show street view No street view available for this location

Beach Bank - Overview

  • General
  • FDIC Certificate #: 35051
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sun American Bank (#27126)
    Federal Reserve ID: 2907943
    Date Established: May 01, 2000
    WWW: http://www.beachbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 74355
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 01, 2000
    Last Structure Change Effective Date: December 30, 2006
    Last Structure Change Process Date: January 10, 2007
    Last Data Update: January 10, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 555 Arthur Godfrey Road, Miami Beach, FL 33140
    County: Miami-Dade
    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): Miami, FL (#5000)
    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: Miami-Miami Beach-Kendall, FL (#33124)
  • Financial Summary
  • Total assets: $127.1 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, 2005)

  • Dollar figures in thousands
  • 36Total employees (full-time equivalent)
  • $120,243Total assets
  • $2,137Cash and due from depository institutions
  • $161Interest-bearing balances
  • $33,660Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $81,620Net loans & leases
  • $1,104Loan loss allowance
  • $0Trading account assets
  • $1,511Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,315All other assets
  • $120,243Total liabilities and capital
  • $110,512Total liabilities
  • $100,937Total deposits
  • $79,824Interest-bearing deposits
  • $100,937Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,957Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $618All other liabilities
  • $9,731Total equity capital
  • $9,731Total bank equity capital
  • $9,731Perpetual preferred stock
  • $0Common stock
  • $6,040Surplus
  • $4,704Undivided profits
  • Memoranda
  • $-1,013Noncurrent loans and leases
  • $14,743Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $650Earning assets
  • $490Long-term assets (5+ years)
  • $663Average Assets, year-to-date
  • $115,441Average Assets, quarterly
  • $21,539Volatile liabilities
  • $122,663Insider loans
  • $118,670FHLB advances
  • $48,814Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,743Total unused commitments
  • $0Restructured Loans and leases
  • $1,016Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $7,233Total interest income
  • $1,981Total interest expense
  • $5,252Net interest income
  • $325Provision for loan and lease losses
  • $315Total noninterest income
  • $0Fiduciary activities
  • $252Service charges on deposit accounts
  • $0Trading account gains & fees
  • $63Additional noninterest income
  • $7,389Total noninterest expense
  • $2,591Salaries and employee benefits
  • $1,074Premises and equipment expense
  • $3,724Additional noninterest expense
  • -$2,147Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,147Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,147Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $68Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.15%Yield on earning assets
  • 1.68%Cost of funding earning assets
  • 4.46%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 6.28%Noninterest expense to earning assets
  • -1.75%Net operating income to assets
  • -1.75%Return on assets (ROA)
  • -1.75%Pretax return on assets
  • -20.22%Return on equity (ROE)
  • -20.22%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 477.94%Credit loss provision to net charge-offs
  • -26.79%Efficiency ratio
  • 132,729Assets per employee
  • 3.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 169.85%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.79%Net loans and leases to deposits
  • 80.86%Net loans and leases to core deposits
  • 133.63%Equity capital to assets
  • 8.09%Core capital (leverage) ratio
  • 8.25%Tier 1 risk-based capital ratio
  • 12.09%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $122,663Average earning assets
  • $10,620Average equity
  • $117,660Average loans

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