FDIC Certificate #: 28144 Status: Active Federal Reserve ID: 998675 Date Established: January 01, 1920 WWW:http://www.firsteastsidesavings.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 17932 FDIC's unique #: 40978 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: June 21, 1938 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 9399 West Commercial Boulevard, Tamarac, FL 33351 County: Broward 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): Fort Lauderdale, FL (#2680) 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: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $71.4 mil Equity capital: $3.2 mil Deposits held in domestic offices: $68.1 mil Return on assets (ROA): -3.85% (-$2.7 mil) Quarterly return on assets: -3.92% (-$2.8 mil) Return on Equity (ROE): -64.73% (-$1.9 mil) Quarterly return on equity: -78.91% (-$2.4 mil) Net income: -$3.0 mil Quarterly Net income: -$0.7 mil Pretax return on assets: -3.85% (-$2,747.7 mil) Quarterly Pretax return on assets: -3.92% (-$2,797.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$71,369Total assets
$7,254Cash and due from depository institutions
$3,552Interest-bearing balances
$10,490Securities
$4,851Federal funds sold & reverse repurchase agreements
$40,628Net loans & leases
$680Loan loss allowance
$0Trading account assets
$4,683Bank premises and fixed assets
$2,632Other real estate owned
$0Goodwill and other intangibles
$71,369Life insurance assets
$831All other assets
$68,147Total liabilities and capital
$68,053Total liabilities
$67,213Total deposits
$68,053Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$94Subordinated debt
$3,222All other liabilities
$3,222Total equity capital
$3,222Total bank equity capital
$0Perpetual preferred stock
$368Common stock
$3,067Surplus
$-213Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,893Income earned, not collected on loans
$0Earning assets
$150Long-term assets (5+ years)
$59,521Average Assets, year-to-date
$0Average Assets, quarterly
$77,168Volatile liabilities
$72,099Insider loans
$39,245FHLB advances
$71,192Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,045Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,190Restructured Loans and leases
$139Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,671Total interest income
$1,062Total interest expense
$1,609Net interest income
$1,069Provision for loan and lease losses
-$1,008Total noninterest income
$0Fiduciary activities
$12Service charges on deposit accounts
$0Trading account gains & fees
-$1,020Additional noninterest income
$2,579Total noninterest expense
$1,140Salaries and employee benefits
$715Premises and equipment expense
$724Additional noninterest expense
-$3,047Pre-tax net operating income
$79Securities gains (losses)
$0Applicable income taxes
-$2,968Income before extraordinary items
$0Extraordinary gains - net
-$2,968Net income attributable to bank
$0Net charge-offs
-$2,968Cash dividends
$1,025Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.20%Yield on earning assets
1.67%Cost of funding earning assets
2.53%Net interest margin
-1.59%Noninterest income to earning assets
4.06%Noninterest expense to earning assets
-3.95%Net operating income to assets
-3.85%Return on assets (ROA)
-3.85%Pretax return on assets
-64.73%Return on equity (ROE)
-64.73%Retained earnings to average equity (YTD only)
2.38%Net charge-offs to loans
104.29%Credit loss provision to net charge-offs
-1.93%Efficiency ratio
429,118Assets per employee
5.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.65%Loss allowance to noncurrent loans
17.47%Noncurrent assets plus other real estate owned to assets
9.14%Noncurrent loans to loans
9.42%Net loans and leases to deposits
59.70%Net loans and leases to core deposits
67.21%Equity capital to assets
4.51%Core capital (leverage) ratio
4.28%Tier 1 risk-based capital ratio
7.76%Total risk-based capital ratio
Memoranda
$9Average assets
$77,168Average earning assets
$4,585Average equity
$63,579Average loans
List of branches
1 Florida Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
40978
First East Side Savings Bank
9399 West Commercial Boulevard, Tamarac, FL 33351
January 01, 1920
Full Service Brick and Mortar
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