Community Bank of Florida, Inc. in Homestead, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Community Bank of Florida, Inc. - Overview

  • General
  • FDIC Certificate #: 21258
    Status: Active
    Federal Reserve ID: 999430
    Bank Holding Company (Regulatory Top Holder): Community Bank Of South Florida, Inc. (RSSDID: 1084511, Location: Homestead, FL)
    Date Established: October 09, 1973
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 13520
    FDIC's unique #: 14703
    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: October 09, 1973
    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: 28801 S.W. 157th Avenue, Homestead, FL 33033
    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: $525.2 mil
    Equity capital: $43.8 mil
    Deposits held in domestic offices: $459.3 mil
    Return on assets (ROA): -0.29% (-$1.5 mil)
    Quarterly return on assets: -1.87% (-$9.8 mil)
    Return on Equity (ROE): -3.60% (-$1.6 mil)
    Quarterly return on equity: -22.45% (-$9.9 mil)
    Net income: -$1.6 mil
    Quarterly Net income: -$2.5 mil
    Pretax return on assets: -0.47% (-$2,468.5 mil)
    Quarterly Pretax return on assets: -3.00% (-$15,756.2 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
  • 161Total employees (full-time equivalent)
  • $525,205Total assets
  • $41,011Cash and due from depository institutions
  • $34,033Interest-bearing balances
  • $77,386Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $350,138Net loans & leases
  • $6,143Loan loss allowance
  • $0Trading account assets
  • $10,019Bank premises and fixed assets
  • $29,801Other real estate owned
  • $0Goodwill and other intangibles
  • $525,205Life insurance assets
  • $16,850All other assets
  • $481,386Total liabilities and capital
  • $459,345Total liabilities
  • $339,013Total deposits
  • $459,345Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 20000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,041Subordinated debt
  • $43,819All other liabilities
  • $43,819Total equity capital
  • $43,819Total bank equity capital
  • $0Perpetual preferred stock
  • $1,395Common stock
  • $3,414Surplus
  • $39,010Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $895Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,925Income earned, not collected on loans
  • $0Earning assets
  • $1,388Long-term assets (5+ years)
  • $461,557Average Assets, year-to-date
  • $121,985Average Assets, quarterly
  • $547,615Volatile liabilities
  • $533,887Insider loans
  • $419,934FHLB advances
  • $534,836Loans and leases held for sale
  • $50Unused loan commitments
  • $50Tier 1 (core) risk-based capital
  • $38,254Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,551Restructured Loans and leases
  • $14,181Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,902Total interest income
  • $4,807Total interest expense
  • $19,095Net interest income
  • $2,884Provision for loan and lease losses
  • $2,413Total noninterest income
  • $0Fiduciary activities
  • $2,067Service charges on deposit accounts
  • $0Trading account gains & fees
  • $346Additional noninterest income
  • $21,735Total noninterest expense
  • $9,406Salaries and employee benefits
  • $2,519Premises and equipment expense
  • $9,810Additional noninterest expense
  • -$3,111Pre-tax net operating income
  • $529Securities gains (losses)
  • -$972Applicable income taxes
  • -$1,610Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,610Net income attributable to bank
  • $0Net charge-offs
  • -$1,610Cash dividends
  • $8,440Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 3.90%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 4.44%Noninterest expense to earning assets
  • -0.36%Net operating income to assets
  • -0.29%Return on assets (ROA)
  • -0.47%Pretax return on assets
  • -3.60%Return on equity (ROE)
  • -3.60%Retained earnings to average equity (YTD only)
  • 2.25%Net charge-offs to loans
  • 34.17%Credit loss provision to net charge-offs
  • -0.03%Efficiency ratio
  • 101,055Assets per employee
  • 3.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 44.11%Noncurrent assets plus other real estate owned to assets
  • 8.33%Noncurrent loans to loans
  • 3.91%Net loans and leases to deposits
  • 76.23%Net loans and leases to core deposits
  • 85.55%Equity capital to assets
  • 8.34%Core capital (leverage) ratio
  • 7.15%Tier 1 risk-based capital ratio
  • 9.11%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $547,615Average earning assets
  • $44,745Average equity
  • $489,922Average loans

List of branches

  • 12 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014703Community Bank Of Florida, Inc.28801 S.W. 157th Avenue, Homestead, FL 33033October 09, 1973Full Service Brick and Mortar
    1252541Campbell Square Branch809 N. Flagler Street, Homestead, FL 33030May 22, 1978Full Service Brick and Mortar
    2252542Florida City Branch302 West Palm Drive, Florida City, FL 33034September 27, 1979Full Service Brick and Mortar
    3252543Perrine Branch18765 South Dixie Hwy., Miami, FL 33157March 16, 1981Full Service Brick and Mortar
    4252544Princeton Branch24701 South Dixie Highway, Princeton, FL 33032April 27, 1981Full Service Brick and Mortar
    5252545Quail Roost Branch19990 S.W. 177th Avenue, Miami, FL 33187March 09, 1983Full Service Brick and Mortar
    6252546Krome Avenue Branch536 North Krome Avenue, Homestead, FL 33030October 21, 1985Full Service Brick and Mortar
    9252549Key Largo Branch100150 Overseas Highway, Key Largo, FL 33037Febuary 26, 1999Full Service Brick and Mortar
    10252550Tavernier Branch91390 Overseas Highway, Tavernier, FL 33070May 05, 1999Full Service Brick and Mortar
    11252551Haines City Branch36205 U.S. Highway 27 North, Haines City, FL 33844May 19, 1999Full Service Brick and Mortar
    30430026Lakeland South Branch3221 South Florida Avenue, Lakeland, FL 33803March 23, 2004Full Service Brick and Mortar
    31470765Community Centre Branch2804 Ne 8th Street, Homestead, FL 33033December 20, 2007Full Service Brick and Mortar

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