Great Eastern Bank of Florida in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Great Eastern Bank of Florida in Miami, Florida (FL)
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Great Eastern Bank of Florida - Overview

  • General
  • FDIC Certificate #: 33872
    Status: Active
    Federal Reserve ID: 2145389
    Date Established: January 20, 1994
    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 #: 48180
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 20, 1994
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 30, 2010
    Last Data Update: June 30, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 4601 N.W. 72nd Avenue, Miami, FL 33166
    County: Miami-Dade
    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): Miami, FL (#5000)
    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: Miami-Miami Beach-Kendall, FL (#33124)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $55.2 mil
    Equity capital: $5.8 mil
    Deposits held in domestic offices: $48.9 mil
    Return on assets (ROA): -2.77% (-$1.5 mil)
    Quarterly return on assets: -1.07% (-$0.6 mil)
    Return on Equity (ROE): -25.03% (-$1.5 mil)
    Quarterly return on equity: -10.27% (-$0.6 mil)
    Net income: -$1.7 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -2.95% (-$1,628.3 mil)
    Quarterly Pretax return on assets: -1.80% (-$993.6 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
  • 18Total employees (full-time equivalent)
  • $55,198Total assets
  • $7,840Cash and due from depository institutions
  • $6,203Interest-bearing balances
  • $6,959Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $38,450Net loans & leases
  • $926Loan loss allowance
  • $0Trading account assets
  • $66Bank premises and fixed assets
  • $1,066Other real estate owned
  • $0Goodwill and other intangibles
  • $55,198Life insurance assets
  • $817All other assets
  • $49,386Total liabilities and capital
  • $48,898Total liabilities
  • $34,862Total deposits
  • $48,898Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 299.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $189Subordinated debt
  • $5,812All other liabilities
  • $5,812Total equity capital
  • $5,812Total bank equity capital
  • $0Perpetual preferred stock
  • $1,650Common stock
  • $11,234Surplus
  • $-7,072Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,698Income earned, not collected on loans
  • $0Earning assets
  • $191Long-term assets (5+ years)
  • $51,612Average Assets, year-to-date
  • $6,394Average Assets, quarterly
  • $59,749Volatile liabilities
  • $57,424Insider loans
  • $42,066FHLB advances
  • $58,628Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,636Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,973Restructured Loans and leases
  • $1,780Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,322Total interest income
  • $411Total interest expense
  • $1,911Net interest income
  • $1,161Provision for loan and lease losses
  • $259Total noninterest income
  • $0Fiduciary activities
  • $215Service charges on deposit accounts
  • $0Trading account gains & fees
  • $44Additional noninterest income
  • $2,770Total noninterest expense
  • $1,395Salaries and employee benefits
  • $375Premises and equipment expense
  • $1,000Additional noninterest expense
  • -$1,761Pre-tax net operating income
  • $0Securities gains (losses)
  • -$106Applicable income taxes
  • -$1,655Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,655Net income attributable to bank
  • $0Net charge-offs
  • -$1,655Cash dividends
  • $1,033Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 3.43%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 4.98%Noninterest expense to earning assets
  • -2.77%Net operating income to assets
  • -2.77%Return on assets (ROA)
  • -2.95%Pretax return on assets
  • -25.03%Return on equity (ROE)
  • -25.03%Retained earnings to average equity (YTD only)
  • 2.47%Net charge-offs to loans
  • 112.39%Credit loss provision to net charge-offs
  • -0.58%Efficiency ratio
  • 127,650Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 25.04%Noncurrent assets plus other real estate owned to assets
  • 8.63%Noncurrent loans to loans
  • 9.39%Net loans and leases to deposits
  • 78.63%Net loans and leases to core deposits
  • 83.41%Equity capital to assets
  • 10.53%Core capital (leverage) ratio
  • 9.61%Tier 1 risk-based capital ratio
  • 13.40%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $59,749Average earning assets
  • $6,611Average equity
  • $55,641Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    048180Great Eastern Bank Of Florida4601 N.W. 72nd Avenue, Miami, FL 33166January 20, 1994Full Service Brick and Mortar
    1290132North Miami Beach Branch501 North East 167th Street, Miami, FL 33162April 30, 1998Full Service Brick and Mortar

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