First Bank of Miami in Coral Gables, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Bank of Miami - Overview

  • General
  • FDIC Certificate #: 34182
    Status: Active
    Federal Reserve ID: 2468097
    Bank Holding Company (Regulatory Top Holder): First Bank Of Miami Shares, Inc. (RSSDID: 3048768, Location: Coral Gables, FL)
    Date Established: June 10, 1996
    WWW: http://www.firstbankmiami.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 56840
    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: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 10, 1996
    Last Structure Change Effective Date: June 04, 2007
    Last Structure Change Process Date: August 03, 2007
    Last Data Update: August 03, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 255 Aragon Avenue, Coral Gables, FL 33134
    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
  • Change in Location
  • Financial Summary
  • Total assets: $258.7 mil
    Equity capital: $23.2 mil
    Deposits held in domestic offices: $234.8 mil
    Return on assets (ROA): -0.55% (-$1.4 mil)
    Quarterly return on assets: -2.53% (-$6.6 mil)
    Return on Equity (ROE): -5.94% (-$1.4 mil)
    Quarterly return on equity: -27.34% (-$6.3 mil)
    Net income: -$1.4 mil
    Quarterly Net income: -$1.6 mil
    Pretax return on assets: -0.86% (-$2,224.9 mil)
    Quarterly Pretax return on assets: -4.03% (-$10,425.9 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
  • 58Total employees (full-time equivalent)
  • $258,706Total assets
  • $54,998Cash and due from depository institutions
  • $49,338Interest-bearing balances
  • $54,313Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $127,361Net loans & leases
  • $1,878Loan loss allowance
  • $0Trading account assets
  • $9,188Bank premises and fixed assets
  • $8,491Other real estate owned
  • $0Goodwill and other intangibles
  • $258,707Life insurance assets
  • $4,355All other assets
  • $235,524Total liabilities and capital
  • $234,812Total liabilities
  • $165,124Total deposits
  • $234,812Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $712Subordinated debt
  • $23,183All other liabilities
  • $23,183Total equity capital
  • $23,183Total bank equity capital
  • $0Perpetual preferred stock
  • $4,273Common stock
  • $11,790Surplus
  • $7,120Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,628Income earned, not collected on loans
  • $0Earning assets
  • $877Long-term assets (5+ years)
  • $231,012Average Assets, year-to-date
  • $56,937Average Assets, quarterly
  • $258,133Volatile liabilities
  • $259,602Insider loans
  • $169,658FHLB advances
  • $259,297Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $23,456Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,385Restructured Loans and leases
  • $966Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,331Total interest income
  • $1,104Total interest expense
  • $8,227Net interest income
  • $2,840Provision for loan and lease losses
  • $2,718Total noninterest income
  • $0Fiduciary activities
  • $1,186Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,532Additional noninterest income
  • $10,527Total noninterest expense
  • $4,445Salaries and employee benefits
  • $1,751Premises and equipment expense
  • $4,331Additional noninterest expense
  • -$2,422Pre-tax net operating income
  • $203Securities gains (losses)
  • -$810Applicable income taxes
  • -$1,409Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,409Net income attributable to bank
  • $0Net charge-offs
  • -$1,409Cash dividends
  • $2,115Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.12%Yield on earning assets
  • 0.49%Cost of funding earning assets
  • 3.64%Net interest margin
  • 1.20%Noninterest income to earning assets
  • 4.65%Noninterest expense to earning assets
  • -0.60%Net operating income to assets
  • -0.55%Return on assets (ROA)
  • -0.86%Pretax return on assets
  • -5.94%Return on equity (ROE)
  • -5.94%Retained earnings to average equity (YTD only)
  • 1.55%Net charge-offs to loans
  • 134.28%Credit loss provision to net charge-offs
  • 0.20%Efficiency ratio
  • 96,181Assets per employee
  • 4.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 51.76%Noncurrent assets plus other real estate owned to assets
  • 4.68%Noncurrent loans to loans
  • 2.81%Net loans and leases to deposits
  • 54.24%Net loans and leases to core deposits
  • 62.63%Equity capital to assets
  • 8.96%Core capital (leverage) ratio
  • 9.05%Tier 1 risk-based capital ratio
  • 13.83%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $258,133Average earning assets
  • $23,708Average equity
  • $226,323Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056840First Bank Of Miami255 Aragon Avenue, Coral Gables, FL 33134June 10, 1996Full Service Brick and Mortar
    1290438Westchester Branch7101 Southwest 8th Street, Miami, FL 33144July 15, 1998Full Service Brick and Mortar
    3365555Hialeah Branch1255 West 49th Street, Hialeah, FL 33012September 16, 2002Full Service Brick and Mortar
    4423199Dowtown Branch235 Southeast 1st Street, Suites #003 And #211, Miami, FL 33131October 20, 2003Full Service Brick and Mortar
    6511440Kendall Branch9851 Sw 88th Street, Miami, FL 33176July 28, 2010Full Service Brick and Mortar

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