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- Banks in Florida (FL)
- Great Southern Bank
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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- Banks in Florida (FL)
- Great Southern Bank
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