FDIC Certificate #: 30800 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BankAtlantic (#30559) Federal Reserve ID: 499378 Date Established: August 15, 1955 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 5939 FDIC's unique #: 43634 Numeric code: 37 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: August 15, 1955 Last Structure Change Effective Date: March 22, 2002 Last Structure Change Process Date: April 16, 2002 Last Data Update: April 16, 2002 Data Source Date: April 05, 2012
Location
Address: 660 U. S. Highway One, North Palm Beach, FL 33408 County: Palm Beach 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): 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: $948.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
282Total employees (full-time equivalent)
$948,554Total assets
$104,088Cash and due from depository institutions
$83,754Interest-bearing balances
$118,095Securities
$0Federal funds sold & reverse repurchase agreements
$668,197Net loans & leases
$4,465Loan loss allowance
$0Trading account assets
$28,713Bank premises and fixed assets
$10,541Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$18,920All other assets
$948,554Total liabilities and capital
$863,610Total liabilities
$689,301Total deposits
$635,102Interest-bearing deposits
$689,301Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$167,827Other borrowed funds
$0Subordinated debt
$6,482All other liabilities
$84,944Total equity capital
$84,944Total bank equity capital
$84,944Perpetual preferred stock
$0Common stock
$0Surplus
$78,424Undivided profits
Memoranda
$6,520Noncurrent loans and leases
$77,877Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,510Earning assets
$0Long-term assets (5+ years)
$3,371Average Assets, year-to-date
$870,046Average Assets, quarterly
$0Volatile liabilities
$948,008Insider loans
$945,124FHLB advances
$333,424Loans and leases held for sale
$777Unused loan commitments
$134,143Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$77,877Total unused commitments
$196Restructured Loans and leases
$4,506Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$63,430Total interest income
$38,312Total interest expense
$25,118Net interest income
$360Provision for loan and lease losses
$5,474Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$5,474Additional noninterest income
$23,495Total noninterest expense
$13,458Salaries and employee benefits
$5,763Premises and equipment expense
$4,274Additional noninterest expense
$6,737Pre-tax net operating income
-$8Securities gains (losses)
$2,071Applicable income taxes
$4,658Income before extraordinary items
$0Extraordinary gains - net
$4,658Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$230Sale, conversion, retirement of capital stock, net
$3,600Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.30%Yield on earning assets
4.41%Cost of funding earning assets
2.89%Net interest margin
0.63%Noninterest income to earning assets
2.70%Noninterest expense to earning assets
0.49%Net operating income to assets
0.49%Return on assets (ROA)
0.71%Pretax return on assets
5.65%Return on equity (ROE)
1.28%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
-156.52%Credit loss provision to net charge-offs
0.00%Efficiency ratio
76,801Assets per employee
3.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.29%Loss allowance to loans
0.66%Loss allowance to noncurrent loans
177.89%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.37%Net loans and leases to deposits
96.94%Net loans and leases to core deposits
127.59%Equity capital to assets
8.96%Core capital (leverage) ratio
8.03%Tier 1 risk-based capital ratio
13.19%Total risk-based capital ratio
Memoranda
$14Average assets
$948,008Average earning assets
$82,504Average equity
$869,228Average loans
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