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
    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
  • NoIDNameAddressEstablishedService TypeMap
    0469064Broward Bank Of Commerce101 Ne 3rd Ave, Tower 101, Ste 2100, Fort Lauderdale, FL 33301January 12, 2009Full Service Brick and Mortar

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