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 WWW:http://www.browardbankofcommerce.com 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
No
ID
Name
Address
Established
Service Type
Map
0
469064
Broward Bank Of Commerce
101 Ne 3rd Ave, Tower 101, Ste 2100, Fort Lauderdale, FL 33301
January 12, 2009
Full Service Brick and Mortar
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