Great Florida Bank in Coral Gables, Florida (FL)



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Great Florida Bank routing number info

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Great Florida Bank
GeneralFDIC Certificate #: 57719
Status: Active
Federal Reserve ID: 3277876
Date Established: June 30, 2004
WWW: http://www.greatfloridabank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 27 (Domestic: 27, Interstate: No)
FDIC's unique #: 423008
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: Yes
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: June 30, 2004
Last Structure Change Effective Date: August 18, 2010
Last Structure Change Process Date: August 19, 2010
Last Data Update: August 19, 2010
Data Source Date: April 05, 2012
LocationAddress: 150 Alahambra Circle, Suite 120, Coral Gables, FL 33134
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)
Financial SummaryTotal assets: $1,145.7 mil
Equity capital: $58.6 mil
Deposits held in domestic offices: $994.9 mil
Return on assets (ROA): -0.69% (-$7.9 mil)
Quarterly return on assets: -0.68% (-$7.8 mil)
Return on Equity (ROE): -14.64% (-$8.6 mil)
Quarterly return on equity: -13.40% (-$7.9 mil)
Net income: -$9.5 mil
Quarterly Net income: -$2.0 mil
Pretax return on assets: -0.69% (-$7,905.4 mil)
Quarterly Pretax return on assets: -0.68% (-$7,790.9 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)
Total employees (full-time equivalent)161
Total assets$1,145,716
Cash and due from depository institutions$81,029
Interest-bearing balances$77,228
Securities$115,380
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$870,182
Loan loss allowance $17,447
Trading account assets$0
Bank premises and fixed assets$32,246
Other real estate owned$32,998
Goodwill and other intangibles$0
All other assets$13,881
Life insurance assets$1,145,716
Total liabilities and capital$1,087,079
Total liabilities$994,897
Total deposits$928,993
Interest-bearing deposits$994,897
Deposits held in domestic offices$90
% insured (estimated)75450.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,000
Other borrowed funds $0
Subordinated debt $6,732
All other liabilities $58,637
Total equity capital$58,637
Total bank equity capital$58,637
Perpetual preferred stock$0
Common stock$65,563
Surplus$112,731
Undivided profits $-119,657
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $107,746
Earning assets $0
Long-term assets (5+ years) $3,573
Average Assets, year-to-date $1,062,790
Average Assets, quarterly $284,597
Volatile liabilities $1,371,744
Insider loans $1,169,068
FHLB advances $835,502
Loans and leases held for sale $1,160,800
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $57,595
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $27,240
Derivatives$6,981
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $50,956
Total interest expense $21,032
Net interest income $29,924
Provision for loan and lease losses $8,866
Total noninterest income $1,650
Fiduciary activities $0
Service charges on deposit accounts $1,497
Trading account gains & fees $0
Additional noninterest income $153
Total noninterest expense $48,951
Salaries and employee benefits $13,825
Premises and equipment expense $7,317
Additional noninterest expense $27,809
Pre-tax net operating income -$26,243
Securities gains (losses) $16,765
Applicable income taxes $0
Income before extraordinary items -$9,478
Extraordinary gains - net $0
Net income attributable to bank -$9,478
Net charge-offs $0
Cash dividends -$9,478
Sale, conversion, retirement of capital stock, net $20,202
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.97%
Cost of funding earning assets 1.64%
Net interest margin 2.33%
Noninterest income to earning assets 0.13%
Noninterest expense to earning assets 3.81%
Net operating income to assets -1.91%
Return on assets (ROA) -0.69%
Pretax return on assets -0.69%
Return on equity (ROE) -14.64%
Retained earnings to average equity (YTD only) -14.64%
Net charge-offs to loans 2.12%
Credit loss provision to net charge-offs 43.89%
Efficiency ratio-0.86%
Assets per employee$155,036
Cash dividends to net income (YTD only)7.12%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.97%
Noncurrent assets plus other real estate owned to assets 16.19%
Noncurrent loans to loans 12.28%
Net loans and leases to deposits12.14%
Net loans and leases to core deposits 87.46%
Equity capital to assets 91.83%
Core capital (leverage) ratio 5.12%
Tier 1 risk-based capital ratio 4.96%
Total risk-based capital ratio 6.89%
Memoranda
Average assets$8
Average earning assets$1,371,744
Average equity $64,742
Average loans $1,284,115
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26 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0423008Great Florida Bank150 Alahambra Circle, Suite 120, Coral Gables, FL 33134June 30, 2004Full Service Brick and Mortar
1432682Pinecrest North Branch9079 South Dixie Highway, Pinecrest, FL 33156August 30, 2004Full Service Brick and Mortar
2437909West Avenue Branch959 West Avenue, Suite 7, Miami Beach, FL 33139November 22, 2004Full Service Brick and Mortar
3437910Weston County Isles Branch1142 Weston Road, Weston, FL 33326January 26, 2005Full Service Brick and Mortar
4442313Miami Lakes Branch15100 N.W. 67th Avenue, Suite 1, Miami Lakes, FL 33014June 06, 2005Full Service Brick and Mortar
5442647Weston Lakes Branch316 Indian Trace Road, Weston, FL 33326Febuary 22, 2005Full Service Brick and Mortar
6450327North Miami Branch12119 Biscayne Boulevard, North Miami, FL 33181July 18, 2005Full Service Brick and Mortar
7450328Hallandale Branch1709 East Hallandale Beach Boulevard, Hallandale, FL 33009August 01, 2005Full Service Brick and Mortar
8450329Weston Commons Branch4507 Weston Road, Weston, FL 33331September 19, 2005Full Service Brick and Mortar
9450330Sunny Isles Branch16850 Collins Avenue, Sunny Isles Beach, FL 33160November 21, 2005Full Service Brick and Mortar
10450331Doral Branch9128 Nw 25th Street, Doral, FL 33172January 23, 2006Full Service Brick and Mortar
11450332Cooper City Branch8743 Stirling Road, Cooper City, FL 33328Febuary 13, 2006Full Service Brick and Mortar
12450333Hialeah Branch591 West 49th Street, Hialeah, FL 33012March 06, 2006Full Service Brick and Mortar
13450858Little Havana Branch1465 Sw 8th Street, Miami, FL 33135April 24, 2006Full Service Brick and Mortar
14451781Pinecrest South Branch11503 South Dixie Highway, Miami, FL 33156May 09, 2006Full Service Brick and Mortar
16453556Miami Lakes Operations Center Branch15050 Nw 79th Court, Miami Lakes, FL 33016July 01, 2005Limited Service Administrative
17454724Downtown Miami Branch2 South Biscayne Boulevard, Suite 110, Miami, FL 33131May 25, 2006Limited Service Administrative
18457583Fort Lauderdale Branch1501 Se 17th Street, Fort Lauderdale, FL 33316November 13, 2006Full Service Brick and Mortar
19457584Doral Gfb Center Branch1450 Nw 79th Avenue, Doral, FL 33126December 26, 2006Full Service Brick and Mortar
21464792Deerfield Beach Branch3440 West Hillsboro Boulevard, Deerfield Beach, FL 33442June 04, 2007Full Service Brick and Mortar
22473706Coconut Creek Branch6135 Lyons Road, Coconut Creek, FL 33073March 28, 2008Full Service Brick and Mortar
23477429Plantation Branch500 North Pine Island Road, Plantation, FL 33324June 09, 2008Full Service Brick and Mortar
24477431Blue Lagoon Branch701 Nw 57th Avenue, Miami, FL 33126June 16, 2008Full Service Brick and Mortar
25477866Wilton Station Branch1210 Ne 22nd Street, Wilton Manors, FL 33305June 30, 2008Full Service Brick and Mortar
26477867Boynton Beach Branch7410 West Boynton Beach Boulevard, Boynton Beach, FL 33437July 02, 2008Full Service Brick and Mortar
28478329Sawgrass Office143 N.W. 136th Avenue, Sunrise, FL 33325June 23, 2008Full Service Brick and Mortar
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