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

This bank is inactive as of July 01, 1997

  • Great Southern Bank in West Palm Beach, Florida (FL)
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Great Southern Bank - Overview

  • General
  • FDIC Certificate #: 27513
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 1394920
    Date Established: April 17, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 13114
    FDIC's unique #: 40246
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 17, 1989
    Last Structure Change Effective Date: July 01, 1997
    Last Structure Change Process Date: July 28, 1997
    Last Data Update: July 28, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 2000 Palm Beach Lake Boulevard, West Palm Beach, FL 33462
    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: $121.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $60Total assets
  • $119,062Cash and due from depository institutions
  • $6,650Interest-bearing balances
  • $0Securities
  • $12,529Federal funds sold & reverse repurchase agreements
  • $2,752Net loans & leases
  • $93,167Loan loss allowance
  • $1,027Trading account assets
  • $0Bank premises and fixed assets
  • $2,396Other real estate owned
  • $68Goodwill and other intangibles
  • $1,500Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $119,062Total liabilities
  • $109,171Total deposits
  • $108,049Interest-bearing deposits
  • $76,211Deposits held in domestic offices
  • 108049.00%% insured (estimated)
  • $71Federal funds purchased & repurchase agreements
  • $875Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $247Total equity capital
  • $247Total bank equity capital
  • $9,891Perpetual preferred stock
  • $0Common stock
  • $3,856Surplus
  • $4,056Undivided profits
  • Memoranda
  • $1,979Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $551Income earned, not collected on loans
  • $579Earning assets
  • $108,448Long-term assets (5+ years)
  • $22,547Average Assets, year-to-date
  • $111,851Average Assets, quarterly
  • $116,666Volatile liabilities
  • $12,089Insider loans
  • $2,389FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $11,750Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,915Total risk weighted assets
  • $90,751Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,048Total interest expense
  • $3,016Net interest income
  • $6,032Provision for loan and lease losses
  • $110Total noninterest income
  • $872Fiduciary activities
  • $0Service charges on deposit accounts
  • $693Trading account gains & fees
  • $0Additional noninterest income
  • $179Total noninterest expense
  • $4,810Salaries and employee benefits
  • $2,329Premises and equipment expense
  • $903Additional noninterest expense
  • $1,578Pre-tax net operating income
  • $1,984Securities gains (losses)
  • $10Applicable income taxes
  • $743Income before extraordinary items
  • $1,251Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,251Net charge-offs
  • $98Cash dividends
  • $364Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.85%Cost of funding earning assets
  • 2.95%Net interest margin
  • 5.90%Noninterest income to earning assets
  • 0.85%Noninterest expense to earning assets
  • 4.71%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.12%Pretax return on assets
  • 1.78%Return on equity (ROE)
  • 13.44%Retained earnings to average equity (YTD only)
  • 9.53%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 112.24%Efficiency ratio
  • 69,670Assets per employee
  • 1.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.10%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 186.39%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 86.23%Net loans and leases to core deposits
  • 96.21%Equity capital to assets
  • 8.31%Core capital (leverage) ratio
  • 8.77%Tier 1 risk-based capital ratio
  • 10.93%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $111,851Average earning assets
  • $9,307Average equity
  • $102,228Average loans

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