Espirito Santo Bank in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Espirito Santo Bank - Overview

  • General
  • FDIC Certificate #: 21220
    Status: Active
    Federal Reserve ID: 729132
    Bank Holding Company (Regulatory Top Holder): Espirito Santo Control S.A. (RSSDID: 2464268, Location: Luxembourg)
    Date Established: September 12, 1973
    WWW: http://www.esbf.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 14674
    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: Yes
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 12, 1973
    Last Structure Change Effective Date: July 26, 2006
    Last Structure Change Process Date: July 27, 2006
    Last Data Update: July 27, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1395 Brickell Avenue, Miami, FL 33131
    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)
  • Financial Summary
  • Total assets: $612.8 mil
    Equity capital: $52.2 mil
    Deposits held in domestic offices: $490.9 mil
    Return on assets (ROA): 1.31% ($8.0 mil)
    Quarterly return on assets: 2.67% ($16.4 mil)
    Return on Equity (ROE): 16.08% ($8.4 mil)
    Quarterly return on equity: 32.37% ($16.8 mil)
    Net income: $7.8 mil
    Quarterly Net income: $4.1 mil
    Pretax return on assets: 0.68% ($4,167.0 mil)
    Quarterly Pretax return on assets: 0.21% ($1,286.9 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
  • 100Total employees (full-time equivalent)
  • $612,792Total assets
  • $48,525Cash and due from depository institutions
  • $42,432Interest-bearing balances
  • $69,002Securities
  • $30,000Federal funds sold & reverse repurchase agreements
  • $438,255Net loans & leases
  • $8,132Loan loss allowance
  • $5,997Trading account assets
  • $4,583Bank premises and fixed assets
  • $848Other real estate owned
  • $0Goodwill and other intangibles
  • $612,792Life insurance assets
  • $15,582All other assets
  • $560,624Total liabilities and capital
  • $505,748Total liabilities
  • $287,297Total deposits
  • $490,948Interest-bearing deposits
  • $65Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $48,000Trading liabilities
  • $0Other borrowed funds
  • $6,876Subordinated debt
  • $52,168All other liabilities
  • $52,168Total equity capital
  • $52,168Total bank equity capital
  • $0Perpetual preferred stock
  • $15,944Common stock
  • $27,218Surplus
  • $9,006Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,359Income earned, not collected on loans
  • $137Earning assets
  • $2,996Long-term assets (5+ years)
  • $585,686Average Assets, year-to-date
  • $12,912Average Assets, quarterly
  • $595,669Volatile liabilities
  • $614,504Insider loans
  • $352,077FHLB advances
  • $615,470Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $52,903Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $42,181Restructured Loans and leases
  • $229Derivatives
  • $89Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,852Total interest income
  • $2,507Total interest expense
  • $19,345Net interest income
  • $1,930Provision for loan and lease losses
  • $10,316Total noninterest income
  • $0Fiduciary activities
  • $859Service charges on deposit accounts
  • -$2Trading account gains & fees
  • $9,459Additional noninterest income
  • $24,201Total noninterest expense
  • $12,207Salaries and employee benefits
  • $3,475Premises and equipment expense
  • $8,519Additional noninterest expense
  • $3,530Pre-tax net operating income
  • $588Securities gains (losses)
  • -$3,758Applicable income taxes
  • $7,876Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,821Net income attributable to bank
  • $55Net charge-offs
  • $7,876Cash dividends
  • $1,499Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.84%Yield on earning assets
  • 0.44%Cost of funding earning assets
  • 3.40%Net interest margin
  • 1.81%Noninterest income to earning assets
  • 4.25%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 16.08%Return on equity (ROE)
  • 16.08%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 128.75%Credit loss provision to net charge-offs
  • 3.64%Efficiency ratio
  • 81,592Assets per employee
  • 6.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 71.59%Noncurrent assets plus other real estate owned to assets
  • 1.99%Noncurrent loans to loans
  • 2.54%Net loans and leases to deposits
  • 86.65%Net loans and leases to core deposits
  • 93.99%Equity capital to assets
  • 8.51%Core capital (leverage) ratio
  • 8.60%Tier 1 risk-based capital ratio
  • 15.03%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $595,669Average earning assets
  • $48,627Average equity
  • $569,669Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $7,125Managed Assets
  • 1Number of Accounts
  • $7,125Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $7,125Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 6Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014674Espirito Santo Bank1395 Brickell Avenue, Miami, FL 33131September 12, 1973Full Service Brick and Mortar

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