FDIC Certificate #: 91247 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Harris Bank National Association (#24960) Federal Reserve ID: 93039 Date Established: August 13, 1982 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 5 (Interstate: No) FDIC's unique #: 18275 Numeric code: 13 Regulator: FED 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: January 05, 1998 Last Structure Change Effective Date: March 03, 2003 Last Structure Change Process Date: March 26, 2003 Last Data Update: March 26, 2003 Data Source Date: April 05, 2012
Location
Address: 777 South Flagler Drive, Suite 140-E, West Palm Beach, FL 33401 County: Palm Beach Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Chicago 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: $129.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
50Total employees (full-time equivalent)
$129,695Total assets
$4,606Cash and due from depository institutions
$0Interest-bearing balances
$17,715Securities
$8,125Federal funds sold & reverse repurchase agreements
$83,281Net loans & leases
$2,081Loan loss allowance
$0Trading account assets
$3,487Bank premises and fixed assets
$0Other real estate owned
$9,678Goodwill and other intangibles
$0Life insurance assets
$2,803All other assets
$129,695Total liabilities and capital
$109,089Total liabilities
$105,107Total deposits
$102,168Interest-bearing deposits
$105,107Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,000Subordinated debt
$1,982All other liabilities
$20,606Total equity capital
$20,606Total bank equity capital
$20,606Perpetual preferred stock
$0Common stock
$1,000Surplus
$28,782Undivided profits
Memoranda
$-9,176Noncurrent loans and leases
$22,886Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,839Earning assets
$0Long-term assets (5+ years)
$493Average Assets, year-to-date
$109,121Average Assets, quarterly
$25,861Volatile liabilities
$131,066Insider loans
$131,845FHLB advances
$10,201Loans and leases held for sale
$375Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,886Total unused commitments
$0Restructured Loans and leases
$2,984Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$6,426Total interest income
$2,446Total interest expense
$3,980Net interest income
$160Provision for loan and lease losses
$5,777Total noninterest income
$3,407Fiduciary activities
$123Service charges on deposit accounts
$0Trading account gains & fees
$2,247Additional noninterest income
$13,027Total noninterest expense
$6,793Salaries and employee benefits
$1,920Premises and equipment expense
$4,314Additional noninterest expense
-$3,430Pre-tax net operating income
$0Securities gains (losses)
-$1,179Applicable income taxes
-$2,251Income before extraordinary items
$0Extraordinary gains - net
-$2,251Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$407Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.95%Yield on earning assets
2.26%Cost of funding earning assets
3.68%Net interest margin
5.35%Noninterest income to earning assets
12.06%Noninterest expense to earning assets
-1.72%Net operating income to assets
-1.72%Return on assets (ROA)
-2.62%Pretax return on assets
-10.43%Return on equity (ROE)
-10.43%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
39.31%Credit loss provision to net charge-offs
-8.03%Efficiency ratio
133,514Assets per employee
2.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.44%Loss allowance to noncurrent loans
73.30%Noncurrent assets plus other real estate owned to assets
2.19%Noncurrent loans to loans
3.33%Net loans and leases to deposits
79.23%Net loans and leases to core deposits
87.75%Equity capital to assets
15.89%Core capital (leverage) ratio
9.18%Tier 1 risk-based capital ratio
13.96%Total risk-based capital ratio
Memoranda
$18Average assets
$131,066Average earning assets
$21,588Average equity
$108,041Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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