First East Side Savings Bank in Tamarac, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First East Side Savings Bank in Tamarac, Florida (FL)
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First East Side Savings Bank - Overview

  • General
  • FDIC Certificate #: 28144
    Status: Active
    Federal Reserve ID: 998675
    Date Established: January 01, 1920
    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
  • NoIDNameAddressEstablishedService TypeMap
    040978First East Side Savings Bank9399 West Commercial Boulevard, Tamarac, FL 33351January 01, 1920Full Service Brick and Mortar

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