Community Bank of Broward in Dania Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Community Bank of Broward - Overview

  • General
  • FDIC Certificate #: 57300
    Status: Active
    Federal Reserve ID: 3082052
    Date Established: January 22, 2002
    WWW: http://www.communitybankofbroward.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 360796
    Numeric code: 21
    Regulator: FDIC
    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 22, 2002
    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: 1991 Stirling Road, Dania Beach, FL 33004
    County: Broward
    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): Fort Lauderdale, FL (#2680)
    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: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $470.7 mil
    Equity capital: $38.6 mil
    Deposits held in domestic offices: $404.0 mil
    Return on assets (ROA): -0.23% (-$1.1 mil)
    Quarterly return on assets: 0.06% ($0.3 mil)
    Return on Equity (ROE): -2.82% (-$1.1 mil)
    Quarterly return on equity: 0.68% ($0.3 mil)
    Net income: -$1.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.38% (-$1,788.6 mil)
    Quarterly Pretax return on assets: 0.08% ($376.5 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
  • 81Total employees (full-time equivalent)
  • $470,681Total assets
  • $25,224Cash and due from depository institutions
  • $17,170Interest-bearing balances
  • $23,357Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $389,513Net loans & leases
  • $7,965Loan loss allowance
  • $0Trading account assets
  • $4,720Bank premises and fixed assets
  • $11,574Other real estate owned
  • $0Goodwill and other intangibles
  • $470,681Life insurance assets
  • $16,293All other assets
  • $432,052Total liabilities and capital
  • $404,045Total liabilities
  • $308,623Total deposits
  • $404,045Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 2407.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,000Trading liabilities
  • $10,000Other borrowed funds
  • $600Subordinated debt
  • $38,629All other liabilities
  • $38,629Total equity capital
  • $38,629Total bank equity capital
  • $3,345Perpetual preferred stock
  • $11,190Common stock
  • $16,018Surplus
  • $8,076Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $29,940Income earned, not collected on loans
  • $0Earning assets
  • $1,630Long-term assets (5+ years)
  • $430,040Average Assets, year-to-date
  • $134,056Average Assets, quarterly
  • $482,360Volatile liabilities
  • $472,587Insider loans
  • $427,760FHLB advances
  • $479,539Loans and leases held for sale
  • $5,649Unused loan commitments
  • $5,649Tier 1 (core) risk-based capital
  • $38,371Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $46,008Restructured Loans and leases
  • $8,095Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,874Total interest income
  • $4,092Total interest expense
  • $17,782Net interest income
  • $5,155Provision for loan and lease losses
  • $140Total noninterest income
  • $0Fiduciary activities
  • $1,608Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,468Additional noninterest income
  • $15,011Total noninterest expense
  • $6,994Salaries and employee benefits
  • $2,310Premises and equipment expense
  • $5,707Additional noninterest expense
  • -$2,244Pre-tax net operating income
  • $409Securities gains (losses)
  • -$725Applicable income taxes
  • -$1,110Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,110Net income attributable to bank
  • $0Net charge-offs
  • -$1,110Cash dividends
  • $5,740Sale, conversion, retirement of capital stock, net
  • $194Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 3.39%Noninterest expense to earning assets
  • -0.28%Net operating income to assets
  • -0.23%Return on assets (ROA)
  • -0.38%Pretax return on assets
  • -2.82%Return on equity (ROE)
  • -3.31%Retained earnings to average equity (YTD only)
  • 1.42%Net charge-offs to loans
  • 89.81%Credit loss provision to net charge-offs
  • 0.51%Efficiency ratio
  • 83,757Assets per employee
  • 5.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -17.48%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 26.60%Noncurrent assets plus other real estate owned to assets
  • 8.82%Noncurrent loans to loans
  • 7.53%Net loans and leases to deposits
  • 96.40%Net loans and leases to core deposits
  • 101.20%Equity capital to assets
  • 8.21%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 8.97%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $482,360Average earning assets
  • $39,341Average equity
  • $442,774Average loans

List of branches

  • 10 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360796Community Bank Of Broward1991 Stirling Road, Dania Beach, FL 33004January 22, 2002Full Service Brick and Mortar
    1363094Messenger Service1991 Stirling Road, Dania Beach, FL 33004January 22, 2002Limited Service Messenger
    2363177Hollywood Branch4600 Hollywood Boulevard, Hollywood, FL 33023Febuary 27, 2002Full Service Brick and Mortar
    3363598Coral Springs Branch3111 North University Drive, Suite 101, Coral Springs, FL 33065May 23, 2002Full Service Brick and Mortar
    4364235Weston Branch1504 Weston Road, Weston, FL 33326May 27, 2002Full Service Brick and Mortar
    5364302Hallandale Beach Branch929 East Hallandale Beach Boulevard, Hallandale, FL 33009August 02, 2002Full Service Brick and Mortar
    6364806Administrative Office Branch2400 North Commerce Parkway, Weston, FL 33326January 22, 2002Limited Service Administrative
    7419807Fort Lauderdale Branch2929 East Commercial Blvd., Fort Lauderdale, FL 33308May 27, 2003Full Service Brick and Mortar
    8429375Davie/Cooper City Branch10310 Griffin Road, Cooper City, FL 33328June 11, 2004Full Service Brick and Mortar
    10441354Plantation Branch510 N Pine Island Road, Plantation, FL 33324June 15, 2005Full Service Brick and Mortar

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