FirstCity Bank of Commerce in North Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

FirstCity Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 58537
    Status: Active
    Federal Reserve ID: 3629484
    Date Established: August 27, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 455691
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 27, 2007
    Last Structure Change Effective Date: August 27, 2007
    Last Structure Change Process Date: July 06, 2010
    Last Data Update: July 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 11011 U.S. Highway #1, North Palm Beach, FL 33408
    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)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $59.2 mil
    Equity capital: $5.8 mil
    Deposits held in domestic offices: $51.0 mil
    Return on assets (ROA): -0.83% (-$0.5 mil)
    Quarterly return on assets: 1.94% ($1.1 mil)
    Return on Equity (ROE): -9.76% (-$0.6 mil)
    Quarterly return on equity: 22.51% ($1.4 mil)
    Net income: -$0.6 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: -0.83% (-$491.1 mil)
    Quarterly Pretax return on assets: 1.94% ($1,148.0 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
  • 14Total employees (full-time equivalent)
  • $59,174Total assets
  • $6,591Cash and due from depository institutions
  • $4,690Interest-bearing balances
  • $14,388Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $37,460Net loans & leases
  • $1,139Loan loss allowance
  • $0Trading account assets
  • $130Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $59,175Life insurance assets
  • $605All other assets
  • $53,384Total liabilities and capital
  • $51,023Total liabilities
  • $43,246Total deposits
  • $51,023Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,250Trading liabilities
  • $0Other borrowed funds
  • $111Subordinated debt
  • $5,791All other liabilities
  • $5,791Total equity capital
  • $5,791Total bank equity capital
  • $0Perpetual preferred stock
  • $5,858Common stock
  • $5,978Surplus
  • $-6,045Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $217Long-term assets (5+ years)
  • $56,538Average Assets, year-to-date
  • $27,896Average Assets, quarterly
  • $68,195Volatile liabilities
  • $65,627Insider loans
  • $43,528FHLB advances
  • $68,847Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,628Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,104Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,205Total interest income
  • $762Total interest expense
  • $2,443Net interest income
  • $285Provision for loan and lease losses
  • -$376Total noninterest income
  • $0Fiduciary activities
  • $116Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$492Additional noninterest income
  • $2,339Total noninterest expense
  • $1,178Salaries and employee benefits
  • $290Premises and equipment expense
  • $871Additional noninterest expense
  • -$557Pre-tax net operating income
  • -$11Securities gains (losses)
  • $0Applicable income taxes
  • -$568Income before extraordinary items
  • $0Extraordinary gains - net
  • -$568Net income attributable to bank
  • $0Net charge-offs
  • -$568Cash dividends
  • $106Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.80%Net interest margin
  • -0.58%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • -0.82%Net operating income to assets
  • -0.83%Return on assets (ROA)
  • -0.83%Pretax return on assets
  • -9.76%Return on equity (ROE)
  • -9.76%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 268.87%Credit loss provision to net charge-offs
  • -2.57%Efficiency ratio
  • 113,159Assets per employee
  • 4.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.95%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
  • 73.42%Net loans and leases to core deposits
  • 91.04%Equity capital to assets
  • 9.79%Core capital (leverage) ratio
  • 8.17%Tier 1 risk-based capital ratio
  • 12.93%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $68,195Average earning assets
  • $5,820Average equity
  • $64,274Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0455691Firstcity Bank Of Commerce11011 U.S. Highway #1, North Palm Beach, FL 33408August 27, 2007Full Service Brick and Mortar
    1489859Messenger Service11011 Us Highway 1, North Palm Beach, FL 33408August 27, 2007Limited Service Messenger

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