Commercial Bank of Florida in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 08, 2007

  • Commercial Bank of Florida in Miami, Florida (FL)
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Commercial Bank of Florida - Overview

  • General
  • FDIC Certificate #: 22813
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 889036
    Date Established: Febuary 21, 1979
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Interstate: No)
    OTS Docket #: 15502
    FDIC's unique #: 15932
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 21, 1979
    Last Structure Change Effective Date: June 08, 2007
    Last Structure Change Process Date: June 18, 2007
    Last Data Update: June 18, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1550 S.W. 57th Avenue, Miami, FL 33144
    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)
  • Financial Summary
  • Total assets: $1,031.7 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, 2006)

  • Dollar figures in thousands
  • 190Total employees (full-time equivalent)
  • $1,030,993Total assets
  • $21,996Cash and due from depository institutions
  • $193Interest-bearing balances
  • $374,114Securities
  • $2,853Federal funds sold & reverse repurchase agreements
  • $604,896Net loans & leases
  • $6,001Loan loss allowance
  • $0Trading account assets
  • $11,952Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $15,182All other assets
  • $1,030,993Total liabilities and capital
  • $954,723Total liabilities
  • $847,804Total deposits
  • $694,785Interest-bearing deposits
  • $847,804Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $103,478Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $3,441All other liabilities
  • $76,270Total equity capital
  • $76,270Total bank equity capital
  • $76,270Perpetual preferred stock
  • $0Common stock
  • $5,824Surplus
  • $15,761Undivided profits
  • Memoranda
  • $54,685Noncurrent loans and leases
  • $70,820Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $7,533Average Assets, year-to-date
  • $982,056Average Assets, quarterly
  • $277,876Volatile liabilities
  • $1,042,303Insider loans
  • $1,044,580FHLB advances
  • $420,756Loans and leases held for sale
  • $3,832Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $70,820Total unused commitments
  • $0Restructured Loans and leases
  • $6,077Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $61,869Total interest income
  • $27,326Total interest expense
  • $34,543Net interest income
  • $625Provision for loan and lease losses
  • $2,501Total noninterest income
  • $0Fiduciary activities
  • $1,840Service charges on deposit accounts
  • $0Trading account gains & fees
  • $661Additional noninterest income
  • $18,367Total noninterest expense
  • $11,996Salaries and employee benefits
  • $2,525Premises and equipment expense
  • $3,846Additional noninterest expense
  • $18,052Pre-tax net operating income
  • $91Securities gains (losses)
  • $5,958Applicable income taxes
  • $12,185Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,185Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $25Sale, conversion, retirement of capital stock, net
  • $5,250Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.27%Yield on earning assets
  • 2.77%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 1.86%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 16.88%Return on equity (ROE)
  • 9.61%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 2500.00%Credit loss provision to net charge-offs
  • 747.08%Efficiency ratio
  • 49,582Assets per employee
  • 5.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.09%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 71.35%Net loans and leases to core deposits
  • 114.02%Equity capital to assets
  • 7.40%Core capital (leverage) ratio
  • 7.43%Tier 1 risk-based capital ratio
  • 11.21%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,042,303Average earning assets
  • $72,187Average equity
  • $986,259Average loans

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