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

Broward Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 58813
    Status: Active
    Federal Reserve ID: 3820254
    Bank Holding Company (Regulatory Top Holder): Broward Financial Holdings, Inc. (RSSDID: 3820263, Location: Fort Lauderdale, FL)
    Date Established: January 12, 2009
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 469064
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 12, 2009
    Last Structure Change Effective Date: January 12, 2009
    Last Structure Change Process Date: January 13, 2009
    Last Data Update: January 13, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Ne 3rd Ave, Tower 101, Ste 2100, Fort Lauderdale, FL 33301
    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
  • New Institution
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $128.7 mil
    Equity capital: $16.8 mil
    Deposits held in domestic offices: $104.9 mil
    Return on assets (ROA): 0.89% ($1.1 mil)
    Quarterly return on assets: 0.43% ($0.6 mil)
    Return on Equity (ROE): 7.41% ($1.3 mil)
    Quarterly return on equity: 3.24% ($0.6 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.89% ($1,145.1 mil)
    Quarterly Pretax return on assets: 0.43% ($553.2 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
  • 21Total employees (full-time equivalent)
  • $128,662Total assets
  • $4,993Cash and due from depository institutions
  • $4,173Interest-bearing balances
  • $38,461Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $83,577Net loans & leases
  • $1,170Loan loss allowance
  • $0Trading account assets
  • $236Bank premises and fixed assets
  • $0Other real estate owned
  • $78Goodwill and other intangibles
  • $128,662Life insurance assets
  • $1,317All other assets
  • $111,824Total liabilities and capital
  • $104,874Total liabilities
  • $84,999Total deposits
  • $104,874Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $450Subordinated debt
  • $16,838All other liabilities
  • $16,838Total equity capital
  • $16,838Total bank equity capital
  • $0Perpetual preferred stock
  • $6,000Common stock
  • $12,506Surplus
  • $-1,668Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $404Long-term assets (5+ years)
  • $126,211Average Assets, year-to-date
  • $26,922Average Assets, quarterly
  • $117,755Volatile liabilities
  • $126,490Insider loans
  • $88,947FHLB advances
  • $126,452Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,984Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,716Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,910Total interest income
  • $1,291Total interest expense
  • $4,619Net interest income
  • $271Provision for loan and lease losses
  • $464Total noninterest income
  • $0Fiduciary activities
  • $63Service charges on deposit accounts
  • $0Trading account gains & fees
  • $401Additional noninterest income
  • $3,791Total noninterest expense
  • $2,208Salaries and employee benefits
  • $526Premises and equipment expense
  • $1,057Additional noninterest expense
  • $1,021Pre-tax net operating income
  • $23Securities gains (losses)
  • $0Applicable income taxes
  • $1,044Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,044Net income attributable to bank
  • $0Net charge-offs
  • $1,044Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 3.27%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 7.41%Return on equity (ROE)
  • 7.41%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 74,582Assets per employee
  • 6.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 79.69%Net loans and leases to core deposits
  • 92.15%Equity capital to assets
  • 13.09%Core capital (leverage) ratio
  • 12.64%Tier 1 risk-based capital ratio
  • 17.97%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $117,755Average earning assets
  • $14,082Average equity
  • $115,787Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0469064Broward Bank Of Commerce101 Ne 3rd Ave, Tower 101, Ste 2100, Fort Lauderdale, FL 33301January 12, 2009Full Service Brick and Mortar

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 Broward Bank of Commerce.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents