Citizens Federal Bank, A FSB in Miami, Florida (FL)



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Table of contents:
Citizens Federal Bank, A FSB
GeneralFDIC Certificate #: 30577
Status: Inactive
Closing history: Corrections
Acquiring institution: NationsBank, National Association (South) (#2155)
Federal Reserve ID: 533870
Date Established: June 27, 1952
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 5579
FDIC's unique #: 43411
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 27, 1952
Last Structure Change Effective Date: January 10, 1996
Last Structure Change Process Date: January 25, 1996
Last Data Update: September 18, 1999
Data Source Date: April 05, 2012
LocationAddress: 1221 Brickell Avenue, Miami, FL 33131
County: Miami-Dade
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): Miami, FL (#5000)
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: Miami-Miami Beach-Kendall, FL (#33124)
History of ChangesMerger - Without Assistance
Corrections
Financial SummaryTotal assets: $4,739.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$530
Cash and due from depository institutions$4,739,805
Interest-bearing balances$114,019
Securities$74,529
Federal funds sold & reverse repurchase agreements$1,344,396
Net loans & leases$116,893
Loan loss allowance $3,020,559
Trading account assets$12,382
Bank premises and fixed assets$0
Other real estate owned$14,284
Goodwill and other intangibles$14,633
All other assets$1,251
Life insurance assets$113,770
Total liabilities and capital$0
Total liabilities$4,739,805
Total deposits$4,389,984
Interest-bearing deposits$3,767,745
Deposits held in domestic offices$3,746,935
% insured (estimated)3767745.00%
Federal funds purchased & repurchase agreements $98
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $567,433
All other liabilities $27,394
Total equity capital$27,412
Total bank equity capital$27,412
Perpetual preferred stock$349,821
Common stock$72,535
Surplus$130
Undivided profits $98,194
Memoranda
Noncurrent loans and leases $178,962
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $28,635
Earning assets $20,440
Long-term assets (5+ years) $4,556,377
Average Assets, year-to-date $0
Average Assets, quarterly $4,679,225
Volatile liabilities $4,731,414
Insider loans $836,865
FHLB advances $0
Loans and leases held for sale $567,433
Unused loan commitments $0
Tier 1 (core) risk-based capital $2,661
Tier 2 risk-based capital $0
Total risk weighted assets $348,184
Total unused commitments $2,105,371
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1995)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $353,782
Net interest income $234,460
Provision for loan and lease losses $119,322
Total noninterest income $9,650
Fiduciary activities $23,130
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $23,130
Salaries and employee benefits $53,093
Premises and equipment expense $20,270
Additional noninterest expense $9,158
Pre-tax net operating income $23,665
Securities gains (losses) $79,709
Applicable income taxes $2,629
Income before extraordinary items $26,961
Extraordinary gains - net $55,377
Net income attributable to bank -$201
Net charge-offs $55,176
Cash dividends $9,005
Sale, conversion, retirement of capital stock, net $21,721
Net operating income $0
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Performance and Condition Ratios (December 31, 1995)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.89%
Net interest margin 5.23%
Noninterest income to earning assets 2.66%
Noninterest expense to earning assets 0.52%
Net operating income to assets 1.18%
Return on assets (ROA) 1.15%
Pretax return on assets 1.18%
Return on equity (ROE) 1.76%
Retained earnings to average equity (YTD only) 16.84%
Net charge-offs to loans 10.21%
Credit loss provision to net charge-offs 0.31%
Efficiency ratio107.16%
Assets per employee$37,171
Cash dividends to net income (YTD only)8.94%
Condition Ratios (%)
Loss allowance to loans 39.37%
Loss allowance to noncurrent loans 0.41%
Noncurrent assets plus other real estate owned to assets 43.24%
Noncurrent loans to loans 0.91%
Net loans and leases to deposits0.94%
Net loans and leases to core deposits 80.17%
Equity capital to assets 86.34%
Core capital (leverage) ratio 7.38%
Tier 1 risk-based capital ratio 7.35%
Total risk-based capital ratio 16.54%
Memoranda
Average assets$18
Average earning assets$4,679,225
Average equity $327,622
Average loans $4,486,421
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User Contributions:

BJ Lawrence
Report this comment as inappropriate
May 30, 2012 @ 4:16 pm
I am helping my friend who is 88 and Very hard of hearing. She is in possession of 2 Certificates of Shares of stock in Citizens Federal Bank dated 1990. One is for 540 shares , the other 98 shares. What is the rate for these
stocks today... and do you have a form she can fill out to cash them in ?
If so, please mail it to Mary (Fekz ) Takac at 8216 Shorecrest Ct, Spring Hill, FL 34606. Can these be cashed in at a local bank ?
Thanks for your time and information
BJ Lawrence for Mary Takac.

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