FLAGLER BANK in West Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


FLAGLER BANK - Overview

  • General
  • FDIC Certificate #: 35218
    Status: Active
    Federal Reserve ID: 2845755
    Date Established: April 10, 2000
    WWW: http://www.flaglerbankusa.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 76185
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 10, 2000
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1801 Forest Hill Boulevard, West Palm Beach, FL 33406
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $113.0 mil
    Equity capital: $7.2 mil
    Deposits held in domestic offices: $105.6 mil
    Return on assets (ROA): -0.91% (-$1.0 mil)
    Quarterly return on assets: 0.68% ($0.8 mil)
    Return on Equity (ROE): -14.89% (-$1.0 mil)
    Quarterly return on equity: 10.64% ($0.7 mil)
    Net income: -$1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: -0.91% (-$1,028.2 mil)
    Quarterly Pretax return on assets: 0.68% ($768.4 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
  • 24Total employees (full-time equivalent)
  • $112,993Total assets
  • $6,434Cash and due from depository institutions
  • $4,184Interest-bearing balances
  • $18,572Securities
  • $2,767Federal funds sold & reverse repurchase agreements
  • $71,036Net loans & leases
  • $3,395Loan loss allowance
  • $0Trading account assets
  • $5,877Bank premises and fixed assets
  • $4,894Other real estate owned
  • $0Goodwill and other intangibles
  • $112,993Life insurance assets
  • $3,413All other assets
  • $105,768Total liabilities and capital
  • $105,573Total liabilities
  • $96,691Total deposits
  • $105,573Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $195Subordinated debt
  • $7,225All other liabilities
  • $7,225Total equity capital
  • $7,225Total bank equity capital
  • $0Perpetual preferred stock
  • $3,964Common stock
  • $3,938Surplus
  • $-677Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,290Income earned, not collected on loans
  • $0Earning assets
  • $383Long-term assets (5+ years)
  • $96,559Average Assets, year-to-date
  • $26,602Average Assets, quarterly
  • $118,655Volatile liabilities
  • $112,772Insider loans
  • $83,352FHLB advances
  • $112,674Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,152Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,452Restructured Loans and leases
  • $1,165Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,313Total interest income
  • $1,372Total interest expense
  • $3,941Net interest income
  • $1,588Provision for loan and lease losses
  • $564Total noninterest income
  • $0Fiduciary activities
  • $106Service charges on deposit accounts
  • $0Trading account gains & fees
  • $458Additional noninterest income
  • $4,625Total noninterest expense
  • $1,567Salaries and employee benefits
  • $627Premises and equipment expense
  • $2,431Additional noninterest expense
  • -$1,708Pre-tax net operating income
  • $630Securities gains (losses)
  • $0Applicable income taxes
  • -$1,078Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,078Net income attributable to bank
  • $0Net charge-offs
  • -$1,078Cash dividends
  • $2,023Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 4.51%Noninterest expense to earning assets
  • -1.44%Net operating income to assets
  • -0.91%Return on assets (ROA)
  • -0.91%Pretax return on assets
  • -14.89%Return on equity (ROE)
  • -14.89%Retained earnings to average equity (YTD only)
  • 2.67%Net charge-offs to loans
  • 78.50%Credit loss provision to net charge-offs
  • -0.06%Efficiency ratio
  • 102,664Assets per employee
  • 4.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.56%Loss allowance to noncurrent loans
  • 27.62%Noncurrent assets plus other real estate owned to assets
  • 15.21%Noncurrent loans to loans
  • 16.51%Net loans and leases to deposits
  • 67.29%Net loans and leases to core deposits
  • 69.73%Equity capital to assets
  • 6.39%Core capital (leverage) ratio
  • 6.35%Tier 1 risk-based capital ratio
  • 8.58%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $118,655Average earning assets
  • $7,238Average equity
  • $102,447Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    076185Flagler Bank1801 Forest Hill Boulevard, West Palm Beach, FL 33406April 10, 2000Full Service Brick and Mortar
    2478361Ft. Lauderdale Branch6499 Powerline Road, Fort Lauderdale, FL 33309July 23, 2007Full Service Brick and Mortar
    3492793North Palm Beach Branch555 Northlake Blvd, North Palm Beach, FL 33408Febuary 09, 2009Full Service Brick and Mortar

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