Flagler National Bank in West Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 15, 1993

  • Flagler National Bank in West Palm Beach, Florida (FL)
  • Show street view No street view available for this location

Flagler National Bank - Overview

  • General
  • FDIC Certificate #: 21856
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank, South Florida, National Association (#17429)
    Federal Reserve ID: 585039
    Date Established: December 16, 1974
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 16 (Interstate: No)
    FDIC's unique #: 15145
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: December 16, 1974
    Last Structure Change Effective Date: March 15, 1993
    Last Structure Change Process Date: April 01, 1993
    Last Data Update: April 01, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 South Flagler Drive, West Palm Beach, FL 33402
    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: $451.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $245Total assets
  • $451,319Cash and due from depository institutions
  • $30,079Interest-bearing balances
  • $0Securities
  • $158,735Federal funds sold & reverse repurchase agreements
  • $3,000Net loans & leases
  • $241,487Loan loss allowance
  • $6,112Trading account assets
  • $0Bank premises and fixed assets
  • $6,521Other real estate owned
  • $1,116Goodwill and other intangibles
  • $10,217Life insurance assets
  • $164All other assets
  • $0Total liabilities and capital
  • $451,319Total liabilities
  • $431,580Total deposits
  • $408,556Interest-bearing deposits
  • $330,644Deposits held in domestic offices
  • 408556.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $4,393Trading liabilities
  • $0Other borrowed funds
  • $8,000Subordinated debt
  • $0All other liabilities
  • $10,631Total equity capital
  • $10,631Total bank equity capital
  • $19,739Perpetual preferred stock
  • $0Common stock
  • $2,056Surplus
  • $8,588Undivided profits
  • Memoranda
  • $9,095Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,444Income earned, not collected on loans
  • $1,172Earning assets
  • $403,222Long-term assets (5+ years)
  • $99,420Average Assets, year-to-date
  • $451,014Average Assets, quarterly
  • $450,038Volatile liabilities
  • $57,579Insider loans
  • $4,612FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $22,504Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $19,575Total risk weighted assets
  • $247,502Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $34,105Total interest expense
  • $13,816Net interest income
  • $20,289Provision for loan and lease losses
  • $3,898Total noninterest income
  • $3,983Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,558Trading account gains & fees
  • $0Additional noninterest income
  • $1,425Total noninterest expense
  • $28,568Salaries and employee benefits
  • $9,502Premises and equipment expense
  • $4,639Additional noninterest expense
  • $14,427Pre-tax net operating income
  • -$8,194Securities gains (losses)
  • $1,510Applicable income taxes
  • -$2,434Income before extraordinary items
  • -$4,250Extraordinary gains - net
  • $0Net income attributable to bank
  • -$4,250Net charge-offs
  • $1,140Cash dividends
  • $768Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.42%Cost of funding earning assets
  • 3.41%Net interest margin
  • 5.01%Noninterest income to earning assets
  • 0.98%Noninterest expense to earning assets
  • 7.06%Net operating income to assets
  • -1.16%Return on assets (ROA)
  • -0.94%Pretax return on assets
  • -1.48%Return on equity (ROE)
  • -17.27%Retained earnings to average equity (YTD only)
  • -20.39%Net charge-offs to loans
  • 0.47%Credit loss provision to net charge-offs
  • 341.93%Efficiency ratio
  • 117,053Assets per employee
  • 1.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -18.07%Loss allowance to loans
  • 2.47%Loss allowance to noncurrent loans
  • 64.72%Noncurrent assets plus other real estate owned to assets
  • 2.34%Noncurrent loans to loans
  • 3.81%Net loans and leases to deposits
  • 59.11%Net loans and leases to core deposits
  • 66.46%Equity capital to assets
  • 4.37%Core capital (leverage) ratio
  • 4.37%Tier 1 risk-based capital ratio
  • 7.91%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $451,014Average earning assets
  • $24,612Average equity
  • $404,852Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Flagler National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents