Comerica Bank & Trust, Federal Savings Bank in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 12, 1998

  • Comerica Bank & Trust, Federal Savings Bank in Boca Raton, Florida (FL)
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Comerica Bank & Trust, Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33187
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Comerica Bank (#983)
    Federal Reserve ID: 1718076
    Date Established: September 07, 1990
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8941
    FDIC's unique #: 46424
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: September 07, 1990
    Last Structure Change Effective Date: December 12, 1998
    Last Structure Change Process Date: January 07, 1999
    Last Data Update: January 07, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1800 Corporate Boulevard, N.W., Boca Raton, FL 33431
    County: Palm Beach
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    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: $108.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 76Total employees (full-time equivalent)
  • $118,156Total assets
  • $10,149Cash and due from depository institutions
  • $2,123Interest-bearing balances
  • $9,015Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $93,635Net loans & leases
  • $1,627Loan loss allowance
  • $0Trading account assets
  • $1,211Bank premises and fixed assets
  • $53Other real estate owned
  • $1,093Goodwill and other intangibles
  • $0Life insurance assets
  • $3,000All other assets
  • $118,156Total liabilities and capital
  • $102,454Total liabilities
  • $92,280Total deposits
  • $92,280Interest-bearing deposits
  • $92,280Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,718Other borrowed funds
  • $0Subordinated debt
  • $2,456All other liabilities
  • $15,702Total equity capital
  • $15,702Total bank equity capital
  • $15,702Perpetual preferred stock
  • $0Common stock
  • $301Surplus
  • $15,134Undivided profits
  • Memoranda
  • $267Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $163Earning assets
  • $0Long-term assets (5+ years)
  • $511Average Assets, year-to-date
  • $104,773Average Assets, quarterly
  • $0Volatile liabilities
  • $122,785Insider loans
  • $117,804FHLB advances
  • $64,811Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,815Total unused commitments
  • $0Restructured Loans and leases
  • $78,162Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $9,056Total interest income
  • $3,656Total interest expense
  • $5,400Net interest income
  • -$95Provision for loan and lease losses
  • $9,333Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,333Additional noninterest income
  • $13,509Total noninterest expense
  • $4,740Salaries and employee benefits
  • $1,748Premises and equipment expense
  • $7,021Additional noninterest expense
  • $1,319Pre-tax net operating income
  • $0Securities gains (losses)
  • $598Applicable income taxes
  • $721Income before extraordinary items
  • $0Extraordinary gains - net
  • $721Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$323Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.22%Yield on earning assets
  • 3.32%Cost of funding earning assets
  • 4.90%Net interest margin
  • 8.48%Noninterest income to earning assets
  • 12.27%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 4.68%Return on equity (ROE)
  • 4.68%Retained earnings to average equity (YTD only)
  • -0.33%Net charge-offs to loans
  • 29.41%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 87,022Assets per employee
  • 1.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 998.16%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 101.47%Net loans and leases to core deposits
  • 266.11%Equity capital to assets
  • 13.29%Core capital (leverage) ratio
  • 12.48%Tier 1 risk-based capital ratio
  • 18.69%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $122,785Average earning assets
  • $15,405Average equity
  • $110,113Average loans

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