First National Bank of Lake Park in city_name, state_name - Detailed Financial Reports, Location

First National Bank of Lake Park in Lake Park, Florida (FL)
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First National Bank of Lake Park - Overview

General
FDIC Certificate #: 25638
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: 1st United Bank (#27136)
Federal Reserve ID: 903530
Date Established: September 05, 1984
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 17547
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: September 05, 1984
Last Structure Change Effective Date: November 02, 1996
Last Structure Change Process Date: December 10, 1996
Last Data Update: December 10, 1996
Data Source Date: April 05, 2012
Location
Address: 1015 Tenth Street, Lake Park, FL 33403
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)
Financial Summary
Total assets: $62.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$40Total assets
$65,713Cash and due from depository institutions
$2,955Interest-bearing balances
$25Securities
$18,849Federal funds sold & reverse repurchase agreements
$8,455Net loans & leases
$32,983Loan loss allowance
$540Trading account assets
$0Bank premises and fixed assets
$1,669Other real estate owned
$0Goodwill and other intangibles
$802Life insurance assets
$0All other assets
$0Total liabilities and capital
$65,713Total liabilities
$61,393Total deposits
$60,909Interest-bearing deposits
$48,072Deposits held in domestic offices
60909.00%% insured (estimated)
$75Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$484Total equity capital
$484Total bank equity capital
$4,320Perpetual preferred stock
$0Common stock
$1,289Surplus
$1,289Undivided profits
Memoranda
$1,742Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$201Earning assets
$60,312Long-term assets (5+ years)
$6,077Average Assets, year-to-date
$60,414Average Assets, quarterly
$62,609Volatile liabilities
$3,094Insider loans
$347FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,978Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,257Total risk weighted assets
$39,519Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,354Total interest expense
$1,751Net interest income
$2,603Provision for loan and lease losses
$45Total noninterest income
$594Fiduciary activities
$0Service charges on deposit accounts
$415Trading account gains & fees
$0Additional noninterest income
$179Total noninterest expense
$2,392Salaries and employee benefits
$1,286Premises and equipment expense
$407Additional noninterest expense
$699Pre-tax net operating income
$760Securities gains (losses)
-$13Applicable income taxes
$211Income before extraordinary items
$536Extraordinary gains - net
$0Net income attributable to bank
$536Net charge-offs
-$82Cash dividends
$77Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.88%Cost of funding earning assets
3.17%Net interest margin
4.71%Noninterest income to earning assets
1.07%Noninterest expense to earning assets
4.33%Net operating income to assets
0.90%Return on assets (ROA)
0.89%Pretax return on assets
1.24%Return on equity (ROE)
13.50%Retained earnings to average equity (YTD only)
11.56%Net charge-offs to loans
-0.28%Credit loss provision to net charge-offs
-54.88%Efficiency ratio
74,820Assets per employee
1.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
14.37%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
54.15%Net loans and leases to core deposits
57.05%Equity capital to assets
6.57%Core capital (leverage) ratio
7.10%Tier 1 risk-based capital ratio
10.77%Total risk-based capital ratio
Memoranda
$12Average assets
$60,414Average earning assets
$3,971Average equity
$55,261Average loans

First National Bank of Lake Park in Lake Park, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Lake Park - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

First National Bank of Lake Park in Lake Park, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Lake Park - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

First National Bank of Lake Park in Lake Park, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches