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
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
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
Undivided profits $98,194
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
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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%
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
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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.
Peggy McPhail
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Nov 16, 2014 @ 3:15 pm
I have found a Certificate No. CFE 002108 of my fathers, J.J. Miller, in trust for myself showing it to comprise of 480 shares. Could you please let me know what happened to these shares or are they still active with your bank? The certificate is dated 09/03/91 so I would assume they have been dealt with.

Peggy McPhail

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