Citizens Federal Bank, A FSB in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 10, 1996

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total 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
  • 0Total employees (full-time equivalent)
  • $530Total assets
  • $4,739,805Cash and due from depository institutions
  • $114,019Interest-bearing balances
  • $74,529Securities
  • $1,344,396Federal funds sold & reverse repurchase agreements
  • $116,893Net loans & leases
  • $3,020,559Loan loss allowance
  • $12,382Trading account assets
  • $0Bank premises and fixed assets
  • $14,284Other real estate owned
  • $14,633Goodwill and other intangibles
  • $113,770Life insurance assets
  • $1,251All other assets
  • $0Total liabilities and capital
  • $4,739,805Total liabilities
  • $4,389,984Total deposits
  • $3,767,745Interest-bearing deposits
  • $3,746,935Deposits held in domestic offices
  • 3767745.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $567,433Subordinated debt
  • $27,394All other liabilities
  • $27,412Total equity capital
  • $27,412Total bank equity capital
  • $349,821Perpetual preferred stock
  • $72,535Common stock
  • $130Surplus
  • $98,194Undivided profits
  • Memoranda
  • $178,962Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,635Income earned, not collected on loans
  • $20,440Earning assets
  • $4,556,377Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $4,679,225Average Assets, quarterly
  • $4,731,414Volatile liabilities
  • $836,865Insider loans
  • $0FHLB advances
  • $567,433Loans and leases held for sale
  • $0Unused loan commitments
  • $2,661Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $348,184Total risk weighted assets
  • $2,105,371Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $353,782Total interest expense
  • $234,460Net interest income
  • $119,322Provision for loan and lease losses
  • $9,650Total noninterest income
  • $23,130Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $23,130Total noninterest expense
  • $53,093Salaries and employee benefits
  • $20,270Premises and equipment expense
  • $9,158Additional noninterest expense
  • $23,665Pre-tax net operating income
  • $79,709Securities gains (losses)
  • $2,629Applicable income taxes
  • $26,961Income before extraordinary items
  • $55,377Extraordinary gains - net
  • -$201Net income attributable to bank
  • $55,176Net charge-offs
  • $9,005Cash dividends
  • $21,721Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.89%Cost of funding earning assets
  • 5.23%Net interest margin
  • 2.66%Noninterest income to earning assets
  • 0.52%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 1.76%Return on equity (ROE)
  • 16.84%Retained earnings to average equity (YTD only)
  • 10.21%Net charge-offs to loans
  • 0.31%Credit loss provision to net charge-offs
  • 107.16%Efficiency ratio
  • 37,171Assets per employee
  • 8.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.37%Loss allowance to loans
  • 0.41%Loss allowance to noncurrent loans
  • 43.24%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 0.94%Net loans and leases to deposits
  • 80.17%Net loans and leases to core deposits
  • 86.34%Equity capital to assets
  • 7.38%Core capital (leverage) ratio
  • 7.35%Tier 1 risk-based capital ratio
  • 16.54%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $4,679,225Average earning assets
  • $327,622Average equity
  • $4,486,421Average loans

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