Equitable Bank in Fort Lauderdale, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2008

  • Equitable Bank in Fort Lauderdale, Florida (FL)
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Equitable Bank - Overview

  • General
  • FDIC Certificate #: 26903
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: 1st United Bank (#35408)
    Federal Reserve ID: 543637
    Date Established: Febuary 19, 1987
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 36228
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 19, 1987
    Last Structure Change Effective Date: March 01, 2008
    Last Structure Change Process Date: March 13, 2008
    Last Data Update: March 13, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 633 South Federal Highway, Fort Lauderdale, FL 33301
    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)
  • Financial Summary
  • Total assets: $172.5 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, 2007)

  • Dollar figures in thousands
  • 52Total employees (full-time equivalent)
  • $172,536Total assets
  • $4,114Cash and due from depository institutions
  • $256Interest-bearing balances
  • $6,743Securities
  • $1,400Federal funds sold & reverse repurchase agreements
  • $156,837Net loans & leases
  • $3,054Loan loss allowance
  • $0Trading account assets
  • $424Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,018All other assets
  • $172,536Total liabilities and capital
  • $150,186Total liabilities
  • $130,950Total deposits
  • $102,537Interest-bearing deposits
  • $130,950Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $157Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $18,007Other borrowed funds
  • $0Subordinated debt
  • $1,072All other liabilities
  • $22,350Total equity capital
  • $22,350Total bank equity capital
  • $22,350Perpetual preferred stock
  • $0Common stock
  • $3,764Surplus
  • $3,430Undivided profits
  • Memoranda
  • $15,156Noncurrent loans and leases
  • $28,758Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $736Average Assets, year-to-date
  • $165,236Average Assets, quarterly
  • $2,760Volatile liabilities
  • $182,078Insider loans
  • $177,309FHLB advances
  • $38,314Loans and leases held for sale
  • $9,315Unused loan commitments
  • $11,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $28,758Total unused commitments
  • $648Restructured Loans and leases
  • $1,934Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $14,808Total interest income
  • $5,021Total interest expense
  • $9,787Net interest income
  • $1,069Provision for loan and lease losses
  • $843Total noninterest income
  • $0Fiduciary activities
  • $652Service charges on deposit accounts
  • $0Trading account gains & fees
  • $191Additional noninterest income
  • $6,031Total noninterest expense
  • $3,277Salaries and employee benefits
  • $1,271Premises and equipment expense
  • $1,483Additional noninterest expense
  • $3,530Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,329Applicable income taxes
  • $2,201Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,201Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$6Sale, conversion, retirement of capital stock, net
  • $260Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.50%Yield on earning assets
  • 2.88%Cost of funding earning assets
  • 5.62%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.46%Noninterest expense to earning assets
  • 1.21%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 10.18%Return on equity (ROE)
  • 8.98%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -17816.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,736Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.81%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 119.77%Net loans and leases to core deposits
  • 157.15%Equity capital to assets
  • 12.95%Core capital (leverage) ratio
  • 12.34%Tier 1 risk-based capital ratio
  • 14.55%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $182,078Average earning assets
  • $21,618Average equity
  • $174,134Average loans

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