Boca Bank in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1994

  • Boca Bank in Boca Raton, Florida (FL)
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Boca Bank - Overview

  • General
  • FDIC Certificate #: 24749
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Intercontinental Bank, National Association (#17385)
    Federal Reserve ID: 364234
    Date Established: October 24, 1983
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 17175
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 24, 1983
    Last Structure Change Effective Date: December 31, 1994
    Last Structure Change Process Date: Febuary 02, 1995
    Last Data Update: Febuary 02, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 302 Plaza Real, Boca Raton, FL 33432
    County: Palm Beach
    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): 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: $69.3 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $49Total assets
  • $76,648Cash and due from depository institutions
  • $5,154Interest-bearing balances
  • $0Securities
  • $11,525Federal funds sold & reverse repurchase agreements
  • $10,214Net loans & leases
  • $41,676Loan loss allowance
  • $1,318Trading account assets
  • $0Bank premises and fixed assets
  • $931Other real estate owned
  • $6,559Goodwill and other intangibles
  • $589Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $76,648Total liabilities
  • $73,256Total deposits
  • $70,996Interest-bearing deposits
  • $51,913Deposits held in domestic offices
  • 70996.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,591Subordinated debt
  • $0All other liabilities
  • $669Total equity capital
  • $669Total bank equity capital
  • $3,392Perpetual preferred stock
  • $0Common stock
  • $1,879Surplus
  • $8,007Undivided profits
  • Memoranda
  • $-6,494Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,835Income earned, not collected on loans
  • $197Earning assets
  • $63,415Long-term assets (5+ years)
  • $2,122Average Assets, year-to-date
  • $79,896Average Assets, quarterly
  • $75,528Volatile liabilities
  • $6,465Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,087Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,216Total risk weighted assets
  • $48,207Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,519Total interest expense
  • $1,555Net interest income
  • $2,964Provision for loan and lease losses
  • $0Total noninterest income
  • $922Fiduciary activities
  • $0Service charges on deposit accounts
  • $465Trading account gains & fees
  • $0Additional noninterest income
  • $457Total noninterest expense
  • $5,985Salaries and employee benefits
  • $1,761Premises and equipment expense
  • $1,263Additional noninterest expense
  • $2,961Pre-tax net operating income
  • -$2,099Securities gains (losses)
  • $1Applicable income taxes
  • $0Income before extraordinary items
  • -$2,098Extraordinary gains - net
  • $0Net income attributable to bank
  • -$2,098Net charge-offs
  • $60Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.01%Cost of funding earning assets
  • 2.41%Net interest margin
  • 4.60%Noninterest income to earning assets
  • 1.43%Noninterest expense to earning assets
  • 9.29%Net operating income to assets
  • -2.63%Return on assets (ROA)
  • -2.63%Pretax return on assets
  • -2.63%Return on equity (ROE)
  • -44.58%Retained earnings to average equity (YTD only)
  • -44.58%Net charge-offs to loans
  • 0.12%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 154,014Assets per employee
  • 1.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.07%Loss allowance to noncurrent loans
  • 71.83%Noncurrent assets plus other real estate owned to assets
  • 10.95%Noncurrent loans to loans
  • 4.27%Net loans and leases to deposits
  • 58.70%Net loans and leases to core deposits
  • 63.03%Equity capital to assets
  • 4.43%Core capital (leverage) ratio
  • 4.26%Tier 1 risk-based capital ratio
  • 6.67%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $79,896Average earning assets
  • $4,706Average equity
  • $64,424Average loans

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