Coconut Grove Bank in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Coconut Grove Bank in Miami, Florida (FL)
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Coconut Grove Bank - Overview

  • General
  • FDIC Certificate #: 8018
    Status: Active
    Federal Reserve ID: 648130
    Bank Holding Company (Regulatory Top Holder): Coconut Grove Bankshares, Inc. (RSSDID: 2809560, Location: Miami, FL)
    Date Established: July 12, 1926
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 12301
    FDIC's unique #: 5101
    Numeric code: 13
    Regulator: FED
    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 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2701 South Bayshore Drive, Miami, FL 33133
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $639.3 mil
    Equity capital: $76.1 mil
    Deposits held in domestic offices: $481.6 mil
    Return on assets (ROA): -0.22% (-$1.4 mil)
    Quarterly return on assets: 0.15% ($1.0 mil)
    Return on Equity (ROE): -2.08% (-$1.6 mil)
    Quarterly return on equity: 1.28% ($1.0 mil)
    Net income: -$1.4 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: -0.60% (-$3,835.6 mil)
    Quarterly Pretax return on assets: -0.12% (-$767.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 99Total employees (full-time equivalent)
  • $639,265Total assets
  • $149,173Cash and due from depository institutions
  • $142,469Interest-bearing balances
  • $175,058Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $269,806Net loans & leases
  • $11,934Loan loss allowance
  • $0Trading account assets
  • $3,965Bank premises and fixed assets
  • $3,420Other real estate owned
  • $0Goodwill and other intangibles
  • $639,265Life insurance assets
  • $37,843All other assets
  • $563,208Total liabilities and capital
  • $481,643Total liabilities
  • $364,971Total deposits
  • $481,643Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 12429.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $65,000Trading liabilities
  • $0Other borrowed funds
  • $4,136Subordinated debt
  • $76,057All other liabilities
  • $76,057Total equity capital
  • $76,057Total bank equity capital
  • $0Perpetual preferred stock
  • $12,500Common stock
  • $43,252Surplus
  • $20,305Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,924Income earned, not collected on loans
  • $0Earning assets
  • $1,686Long-term assets (5+ years)
  • $587,333Average Assets, year-to-date
  • $193,915Average Assets, quarterly
  • $629,224Volatile liabilities
  • $639,953Insider loans
  • $299,446FHLB advances
  • $634,794Loans and leases held for sale
  • $14,566Unused loan commitments
  • $14,566Tier 1 (core) risk-based capital
  • $60,050Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,689Restructured Loans and leases
  • $870Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,768Total interest income
  • $6,071Total interest expense
  • $16,697Net interest income
  • $6,900Provision for loan and lease losses
  • $4,123Total noninterest income
  • $2,306Fiduciary activities
  • $1,417Service charges on deposit accounts
  • $0Trading account gains & fees
  • $400Additional noninterest income
  • $17,805Total noninterest expense
  • $8,682Salaries and employee benefits
  • $2,290Premises and equipment expense
  • $6,833Additional noninterest expense
  • -$3,885Pre-tax net operating income
  • $107Securities gains (losses)
  • -$2,392Applicable income taxes
  • -$1,386Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,386Net income attributable to bank
  • $0Net charge-offs
  • -$1,386Cash dividends
  • $10,460Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.44%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.25%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.47%Noninterest expense to earning assets
  • -0.23%Net operating income to assets
  • -0.22%Return on assets (ROA)
  • -0.60%Pretax return on assets
  • -2.08%Return on equity (ROE)
  • -2.08%Retained earnings to average equity (YTD only)
  • 3.33%Net charge-offs to loans
  • 65.97%Credit loss provision to net charge-offs
  • 0.29%Efficiency ratio
  • 85,519Assets per employee
  • 6.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.24%Loss allowance to noncurrent loans
  • 120.25%Noncurrent assets plus other real estate owned to assets
  • 2.25%Noncurrent loans to loans
  • 3.52%Net loans and leases to deposits
  • 56.02%Net loans and leases to core deposits
  • 61.85%Equity capital to assets
  • 11.90%Core capital (leverage) ratio
  • 9.46%Tier 1 risk-based capital ratio
  • 20.05%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $629,224Average earning assets
  • $66,477Average equity
  • $513,032Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $218,589Managed Assets
  • 1Number of Accounts
  • $205,515Personal trust and agency accounts
  • $93,369Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $16,396Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $95,750Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 370Number of Accounts
  • $0Personal trust and agency accounts
  • $16,396Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $13,074Other retirement accounts
  • $704Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $12,370Fiduciary accounts held in foreign offices

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05101Coconut Grove Bank2701 South Bayshore Drive, Miami, FL 33133July 12, 1926Full Service Brick and Mortar
    3364357Palmetto Bay Branch14695 South Dixie Highway, Miami, FL 33176March 04, 2002Full Service Brick and Mortar
    4447940Aventura Branch20801 Biscayne Boulevard, Aventura, FL 33180Febuary 06, 2006Full Service Brick and Mortar
    5453035Coral Gables Branch290 Alhambra Circle, Coral Gables, FL 33134August 01, 2005Full Service Brick and Mortar
    6493107South Miami Branch6400 S.Dixie Highway, South Miami, FL 33143December 15, 2008Full Service Brick and Mortar

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