Guardian Bank in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 16, 1993

  • Guardian Bank in Boca Raton, Florida (FL)
  • Show street view No street view available for this location

Guardian Bank - Overview

  • General
  • FDIC Certificate #: 32238
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: The Guardian Bank, a Federal Savings Bank (#33786)
    Federal Reserve ID: 981172
    Date Established: September 14, 1984
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 8035
    FDIC's unique #: 45072
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 14, 1984
    Last Structure Change Effective Date: March 16, 1993
    Last Structure Change Process Date: March 24, 1993
    Last Data Update: March 24, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 2255 Glades Road, Suites 138w And 140w, Boca Raton, FL 33431
    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)
  • History of Changes
  • Absorption - Assisted
    Institution Enters Conservatorship
    Corrections
  • Financial Summary
  • Total assets: $75.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $29Total assets
  • $75,564Cash and due from depository institutions
  • $562Interest-bearing balances
  • $0Securities
  • $15,328Federal funds sold & reverse repurchase agreements
  • $1,704Net loans & leases
  • $51,201Loan loss allowance
  • $875Trading account assets
  • $0Bank premises and fixed assets
  • $668Other real estate owned
  • $3,702Goodwill and other intangibles
  • $2,399Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $75,564Total liabilities
  • $74,626Total deposits
  • $69,245Interest-bearing deposits
  • $67,487Deposits held in domestic offices
  • 69245.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $5,000Subordinated debt
  • $0All other liabilities
  • $381Total equity capital
  • $381Total bank equity capital
  • $938Perpetual preferred stock
  • $0Common stock
  • $1,850Surplus
  • $3,152Undivided profits
  • Memoranda
  • $-4,064Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $392Income earned, not collected on loans
  • $376Earning assets
  • $68,233Long-term assets (5+ years)
  • $10,278Average Assets, year-to-date
  • $93,577Average Assets, quarterly
  • $79,759Volatile liabilities
  • $6,297Insider loans
  • $339FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,122Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $938Total risk weighted assets
  • $50,457Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,243Total interest expense
  • $4,881Net interest income
  • $2,362Provision for loan and lease losses
  • -$455Total noninterest income
  • $771Fiduciary activities
  • $0Service charges on deposit accounts
  • $30Trading account gains & fees
  • $0Additional noninterest income
  • $741Total noninterest expense
  • $4,669Salaries and employee benefits
  • $1,143Premises and equipment expense
  • $830Additional noninterest expense
  • $2,696Pre-tax net operating income
  • -$1,081Securities gains (losses)
  • $242Applicable income taxes
  • $0Income before extraordinary items
  • -$839Extraordinary gains - net
  • $0Net income attributable to bank
  • -$839Net charge-offs
  • -$202Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.60%Cost of funding earning assets
  • 5.79%Net interest margin
  • 2.80%Noninterest income to earning assets
  • 0.91%Noninterest expense to earning assets
  • 5.54%Net operating income to assets
  • -1.16%Return on assets (ROA)
  • -0.90%Pretax return on assets
  • -0.90%Return on equity (ROE)
  • -51.64%Retained earnings to average equity (YTD only)
  • -51.64%Net charge-offs to loans
  • -0.33%Credit loss provision to net charge-offs
  • 225.25%Efficiency ratio
  • 149,026Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 223.21%Noncurrent assets plus other real estate owned to assets
  • 5.42%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 73.94%Net loans and leases to core deposits
  • 75.35%Equity capital to assets
  • 1.24%Core capital (leverage) ratio
  • 1.15%Tier 1 risk-based capital ratio
  • 1.86%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $93,577Average earning assets
  • $1,625Average equity
  • $84,264Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Guardian Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents