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

This bank is inactive as of March 28, 1997

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

Charter Bank - Overview

  • General
  • FDIC Certificate #: 32166
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank of Florida, National Association (#21679)
    Federal Reserve ID: 614078
    Date Established: June 02, 1983
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7936
    FDIC's unique #: 45000
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 02, 1983
    Last Structure Change Effective Date: March 28, 1997
    Last Structure Change Process Date: April 02, 1997
    Last Data Update: April 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 5300 West Atlantic Boulevard, Delray Beach, FL 33484
    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: $235.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $55Total assets
  • $235,524Cash and due from depository institutions
  • $6,753Interest-bearing balances
  • $5,450Securities
  • $12,574Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $210,970Loan loss allowance
  • $1,006Trading account assets
  • $0Bank premises and fixed assets
  • $1,313Other real estate owned
  • $403Goodwill and other intangibles
  • $3,454Life insurance assets
  • $57All other assets
  • $0Total liabilities and capital
  • $235,524Total liabilities
  • $217,513Total deposits
  • $212,484Interest-bearing deposits
  • $210,641Deposits held in domestic offices
  • 212484.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,647Subordinated debt
  • $0All other liabilities
  • $1,382Total equity capital
  • $1,382Total bank equity capital
  • $18,011Perpetual preferred stock
  • $0Common stock
  • $2,885Surplus
  • $1,582Undivided profits
  • Memoranda
  • $13,544Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,294Income earned, not collected on loans
  • $1,289Earning assets
  • $228,994Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $222,825Average Assets, quarterly
  • $232,474Volatile liabilities
  • $17,151Insider loans
  • $1,274FHLB advances
  • $2,000Loans and leases held for sale
  • $0Unused loan commitments
  • $12,799Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $18,013Total risk weighted assets
  • $119,417Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $17,290Total interest expense
  • $10,491Net interest income
  • $6,799Provision for loan and lease losses
  • $79Total noninterest income
  • $1,915Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,915Total noninterest expense
  • $5,443Salaries and employee benefits
  • $2,021Premises and equipment expense
  • $1,128Additional noninterest expense
  • $2,294Pre-tax net operating income
  • $3,192Securities gains (losses)
  • $263Applicable income taxes
  • $1,177Income before extraordinary items
  • $2,278Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,278Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.99%Cost of funding earning assets
  • 4.85%Net interest margin
  • 3.14%Noninterest income to earning assets
  • 0.89%Noninterest expense to earning assets
  • 2.52%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 1.55%Return on equity (ROE)
  • 13.28%Retained earnings to average equity (YTD only)
  • 13.28%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,405Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.47%Loss allowance to noncurrent loans
  • 43.85%Noncurrent assets plus other real estate owned to assets
  • 1.15%Noncurrent loans to loans
  • 1.08%Net loans and leases to deposits
  • 99.29%Net loans and leases to core deposits
  • 106.03%Equity capital to assets
  • 7.65%Core capital (leverage) ratio
  • 7.65%Tier 1 risk-based capital ratio
  • 15.08%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $222,825Average earning assets
  • $17,151Average equity
  • $216,326Average loans

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