Harris Trust/Bank of Montreal in West Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 03, 2003

  • Harris Trust/Bank of Montreal in West Palm Beach, Florida (FL)
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Harris Trust/Bank of Montreal - Overview

  • General
  • 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
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $426,029Managed Assets
  • 1Number of Accounts
  • $419,821Personal trust and agency accounts
  • $145,407Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $44,625Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $229,789Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 530Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,208Other retirement accounts
  • $1,242Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,966Fiduciary accounts held in foreign offices

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