Essex Savings Bank, F.S.B. in West Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 05, 1993

  • Essex Savings Bank, F.S.B. in West Palm Beach, Florida (FL)
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Essex Savings Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 33110
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Essex Savings Bank, F.S.B. (#32377)
    Federal Reserve ID: 1474260
    Date Established: May 25, 1990
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8878
    FDIC's unique #: 46344
    Numeric code: 33
    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: May 25, 1990
    Last Structure Change Effective Date: May 05, 1993
    Last Structure Change Process Date: May 21, 1993
    Last Data Update: May 21, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 5934 Okeechobee Boulevard, West Palm Beach, FL 33417
    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: $102.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $17Total assets
  • $105,383Cash and due from depository institutions
  • $694Interest-bearing balances
  • $375Securities
  • $17,081Federal funds sold & reverse repurchase agreements
  • $121Net loans & leases
  • $78,908Loan loss allowance
  • $745Trading account assets
  • $0Bank premises and fixed assets
  • $147Other real estate owned
  • $3,665Goodwill and other intangibles
  • $4,156Life insurance assets
  • $611All other assets
  • $0Total liabilities and capital
  • $105,383Total liabilities
  • $97,492Total deposits
  • $92,908Interest-bearing deposits
  • $92,704Deposits held in domestic offices
  • 92908.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,204Subordinated debt
  • $0All other liabilities
  • $380Total equity capital
  • $380Total bank equity capital
  • $7,891Perpetual preferred stock
  • $2,500Common stock
  • $5,500Surplus
  • $0Undivided profits
  • Memoranda
  • $-109Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,591Income earned, not collected on loans
  • $641Earning assets
  • $96,485Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $105,780Average Assets, quarterly
  • $104,145Volatile liabilities
  • $7,259Insider loans
  • $0FHLB advances
  • $4,000Loans and leases held for sale
  • $0Unused loan commitments
  • $1,424Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,280Total risk weighted assets
  • $69,981Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,264Total interest expense
  • $4,988Net interest income
  • $3,276Provision for loan and lease losses
  • $236Total noninterest income
  • $35Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $35Total noninterest expense
  • $2,709Salaries and employee benefits
  • $597Premises and equipment expense
  • $383Additional noninterest expense
  • $1,729Pre-tax net operating income
  • $366Securities gains (losses)
  • $22Applicable income taxes
  • $60Income before extraordinary items
  • $328Extraordinary gains - net
  • $0Net income attributable to bank
  • $328Net charge-offs
  • $282Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.50%Cost of funding earning assets
  • 5.13%Net interest margin
  • 3.37%Noninterest income to earning assets
  • 0.04%Noninterest expense to earning assets
  • 2.79%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 0.37%Return on equity (ROE)
  • 4.18%Retained earnings to average equity (YTD only)
  • 4.18%Net charge-offs to loans
  • 0.33%Credit loss provision to net charge-offs
  • 83.69%Efficiency ratio
  • 79,160Assets per employee
  • 6.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 46.83%Noncurrent assets plus other real estate owned to assets
  • 4.99%Noncurrent loans to loans
  • 2.00%Net loans and leases to deposits
  • 84.93%Net loans and leases to core deposits
  • 87.82%Equity capital to assets
  • 7.49%Core capital (leverage) ratio
  • 6.95%Tier 1 risk-based capital ratio
  • 10.40%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $105,780Average earning assets
  • $7,841Average equity
  • $97,270Average loans

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