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

Continental National Bank of Miami - Overview

  • General
  • FDIC Certificate #: 21578
    Status: Active
    Federal Reserve ID: 837037
    Bank Holding Company (Regulatory Top Holder): Continental Bancorp (RSSDID: 1129681, Location: Miami, FL)
    Date Established: May 10, 1974
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 14925
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 10, 1974
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 22, 2010
    Last Data Update: June 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1801 S.W. 1st Street, Miami, FL 33135
    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: $290.7 mil
    Equity capital: $25.0 mil
    Deposits held in domestic offices: $264.6 mil
    Return on assets (ROA): 0.26% ($0.8 mil)
    Quarterly return on assets: 0.41% ($1.2 mil)
    Return on Equity (ROE): 2.99% ($0.7 mil)
    Quarterly return on equity: 4.81% ($1.2 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.42% ($1,220.8 mil)
    Quarterly Pretax return on assets: 0.66% ($1,918.4 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
  • 101Total employees (full-time equivalent)
  • $290,664Total assets
  • $40,212Cash and due from depository institutions
  • $28,042Interest-bearing balances
  • $63,177Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $174,205Net loans & leases
  • $2,310Loan loss allowance
  • $0Trading account assets
  • $7,507Bank premises and fixed assets
  • $1,572Other real estate owned
  • $0Goodwill and other intangibles
  • $290,664Life insurance assets
  • $3,991All other assets
  • $265,658Total liabilities and capital
  • $264,587Total liabilities
  • $238,230Total deposits
  • $264,587Interest-bearing deposits
  • $70Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,071Subordinated debt
  • $25,006All other liabilities
  • $25,006Total equity capital
  • $25,006Total bank equity capital
  • $4,475Perpetual preferred stock
  • $2,084Common stock
  • $10,559Surplus
  • $7,888Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,127Income earned, not collected on loans
  • $0Earning assets
  • $1,310Long-term assets (5+ years)
  • $265,424Average Assets, year-to-date
  • $83,195Average Assets, quarterly
  • $280,792Volatile liabilities
  • $291,692Insider loans
  • $161,290FHLB advances
  • $294,463Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,664Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,173Restructured Loans and leases
  • $3,861Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,290Total interest income
  • $1,982Total interest expense
  • $10,308Net interest income
  • $698Provision for loan and lease losses
  • $2,647Total noninterest income
  • $0Fiduciary activities
  • $2,056Service charges on deposit accounts
  • $0Trading account gains & fees
  • $591Additional noninterest income
  • $11,325Total noninterest expense
  • $5,897Salaries and employee benefits
  • $2,436Premises and equipment expense
  • $2,992Additional noninterest expense
  • $932Pre-tax net operating income
  • $248Securities gains (losses)
  • $449Applicable income taxes
  • $731Income before extraordinary items
  • $0Extraordinary gains - net
  • $731Net income attributable to bank
  • $0Net charge-offs
  • $731Cash dividends
  • $529Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 3.92%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 4.31%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 2.99%Return on equity (ROE)
  • 2.99%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 131.95%Credit loss provision to net charge-offs
  • 3.08%Efficiency ratio
  • 87,418Assets per employee
  • 2.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 55.97%Noncurrent assets plus other real estate owned to assets
  • 1.96%Noncurrent loans to loans
  • 2.34%Net loans and leases to deposits
  • 65.84%Net loans and leases to core deposits
  • 75.20%Equity capital to assets
  • 8.60%Core capital (leverage) ratio
  • 8.38%Tier 1 risk-based capital ratio
  • 15.29%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $280,792Average earning assets
  • $24,431Average equity
  • $262,938Average loans

List of branches

  • 7 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014925Continental National Bank Of Miami1801 S.W. 1st Street, Miami, FL 33135May 10, 1974Full Service Brick and Mortar
    1253070Downtown Branch240 East Flagler Street, Miami, FL 33131September 08, 1981Full Service Brick and Mortar
    2253071Sweetwater Branch300 S.W. - 107th Avenue, Sweetwater, FL 33174January 26, 1982Full Service Brick and Mortar
    3253072Hialeah Branch611 West 49th Street, Hialeah, FL 33012September 05, 1984Full Service Brick and Mortar
    4253073Bird Road Branch5785 Bird Road, Miami, FL 33165September 22, 1986Full Service Brick and Mortar
    6361027Walmart/Hialeah Gardens Branch9301 N.W. 77th Avenue, Hialeah Gardens, FL 33016September 20, 2000Full Service Retail
    7521881Navarro Hialeah Gardens Branch3141 West 76th Street, Hialeah, FL 33018June 08, 2011Full Service Retail

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