Great Florida Bank in Coral Gables, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Great Florida Bank - Overview

  • General
  • FDIC Certificate #: 57719
    Status: Active
    Federal Reserve ID: 3277876
    Date Established: June 30, 2004
    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
  • Location
  • Address: 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 Summary
  • Total 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
  • 161Total employees (full-time equivalent)
  • $1,145,716Total assets
  • $81,029Cash and due from depository institutions
  • $77,228Interest-bearing balances
  • $115,380Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $870,182Net loans & leases
  • $17,447Loan loss allowance
  • $0Trading account assets
  • $32,246Bank premises and fixed assets
  • $32,998Other real estate owned
  • $0Goodwill and other intangibles
  • $1,145,716Life insurance assets
  • $13,881All other assets
  • $1,087,079Total liabilities and capital
  • $994,897Total liabilities
  • $928,993Total deposits
  • $994,897Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 75450.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $6,732Subordinated debt
  • $58,637All other liabilities
  • $58,637Total equity capital
  • $58,637Total bank equity capital
  • $0Perpetual preferred stock
  • $65,563Common stock
  • $112,731Surplus
  • $-119,657Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $107,746Income earned, not collected on loans
  • $0Earning assets
  • $3,573Long-term assets (5+ years)
  • $1,062,790Average Assets, year-to-date
  • $284,597Average Assets, quarterly
  • $1,371,744Volatile liabilities
  • $1,169,068Insider loans
  • $835,502FHLB advances
  • $1,160,800Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $57,595Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,240Restructured Loans and leases
  • $6,981Derivatives
  • $3,023Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $50,956Total interest income
  • $21,032Total interest expense
  • $29,924Net interest income
  • $8,866Provision for loan and lease losses
  • $1,650Total noninterest income
  • $0Fiduciary activities
  • $1,497Service charges on deposit accounts
  • $0Trading account gains & fees
  • $153Additional noninterest income
  • $48,951Total noninterest expense
  • $13,825Salaries and employee benefits
  • $7,317Premises and equipment expense
  • $27,809Additional noninterest expense
  • -$26,243Pre-tax net operating income
  • $16,765Securities gains (losses)
  • $0Applicable income taxes
  • -$9,478Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,478Net income attributable to bank
  • $0Net charge-offs
  • -$9,478Cash dividends
  • $20,202Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.97%Yield on earning assets
  • 1.64%Cost of funding earning assets
  • 2.33%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 3.81%Noninterest expense to earning assets
  • -1.91%Net operating income to assets
  • -0.69%Return on assets (ROA)
  • -0.69%Pretax return on assets
  • -14.64%Return on equity (ROE)
  • -14.64%Retained earnings to average equity (YTD only)
  • 2.12%Net charge-offs to loans
  • 43.89%Credit loss provision to net charge-offs
  • -0.86%Efficiency ratio
  • 155,036Assets per employee
  • 7.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 16.19%Noncurrent assets plus other real estate owned to assets
  • 12.28%Noncurrent loans to loans
  • 12.14%Net loans and leases to deposits
  • 87.46%Net loans and leases to core deposits
  • 91.83%Equity capital to assets
  • 5.12%Core capital (leverage) ratio
  • 4.96%Tier 1 risk-based capital ratio
  • 6.89%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $1,371,744Average earning assets
  • $64,742Average equity
  • $1,284,115Average loans

List of branches

  • 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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