Community Savings, F. A. in North Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 22, 2002

  • Community Savings, F. A. in North Palm Beach, Florida (FL)
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Community Savings, F. A. - Overview

  • General
  • 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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