Financial Federal Bank, F.S.B. in Miami Lakes, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 30, 1993

  • Financial Federal Bank, F.S.B. in Miami Lakes, Florida (FL)
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Financial Federal Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 28858
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Chase Federal Bank, a Federal Savings Bank (#29001)
    Federal Reserve ID: 461179
    Date Established: January 01, 1933
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2501
    FDIC's unique #: 41692
    Numeric code: 38
    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: August 30, 1935
    Last Structure Change Effective Date: August 30, 1993
    Last Structure Change Process Date: September 14, 1993
    Last Data Update: September 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 6625 Miami Lakes Drive, Miami Lakes, FL 33014
    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
  • Merger - Without Assistance
    Name Change
    Corrections
  • Financial Summary
  • Total assets: $649.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $194Total assets
  • $743,934Cash and due from depository institutions
  • $15,242Interest-bearing balances
  • $3,735Securities
  • $382,509Federal funds sold & reverse repurchase agreements
  • $10,500Net loans & leases
  • $254,503Loan loss allowance
  • $9,000Trading account assets
  • $0Bank premises and fixed assets
  • $8,030Other real estate owned
  • $57,881Goodwill and other intangibles
  • $15,269Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $743,934Total liabilities
  • $728,817Total deposits
  • $695,780Interest-bearing deposits
  • $686,478Deposits held in domestic offices
  • 695780.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $25,333Subordinated debt
  • $0All other liabilities
  • $7,704Total equity capital
  • $7,704Total bank equity capital
  • $15,117Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $15,117Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,312Income earned, not collected on loans
  • $1,277Earning assets
  • $651,247Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $842,630Average Assets, quarterly
  • $784,282Volatile liabilities
  • $71,858Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $7,110Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $15,117Total risk weighted assets
  • $409,760Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $59,060Total interest expense
  • $36,190Net interest income
  • $22,870Provision for loan and lease losses
  • $7,486Total noninterest income
  • $3,477Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,477Total noninterest expense
  • $23,919Salaries and employee benefits
  • $7,173Premises and equipment expense
  • $3,465Additional noninterest expense
  • $13,281Pre-tax net operating income
  • -$5,058Securities gains (losses)
  • $313Applicable income taxes
  • -$212Income before extraordinary items
  • -$4,533Extraordinary gains - net
  • $0Net income attributable to bank
  • -$4,533Net charge-offs
  • $2,907Cash 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
  • 7.92%Cost of funding earning assets
  • 4.85%Net interest margin
  • 3.07%Noninterest income to earning assets
  • 0.47%Noninterest expense to earning assets
  • 3.21%Net operating income to assets
  • -0.57%Return on assets (ROA)
  • -0.54%Pretax return on assets
  • -0.56%Return on equity (ROE)
  • -25.94%Retained earnings to average equity (YTD only)
  • -25.94%Net charge-offs to loans
  • 0.99%Credit loss provision to net charge-offs
  • 257.52%Efficiency ratio
  • 90,785Assets per employee
  • 3.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.42%Loss allowance to noncurrent loans
  • 108.28%Noncurrent assets plus other real estate owned to assets
  • 8.90%Noncurrent loans to loans
  • 3.15%Net loans and leases to deposits
  • 36.58%Net loans and leases to core deposits
  • 39.20%Equity capital to assets
  • 2.03%Core capital (leverage) ratio
  • 2.03%Tier 1 risk-based capital ratio
  • 3.69%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $842,630Average earning assets
  • $17,477Average equity
  • $745,797Average loans

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