Hollywood Federal Savings Bank in Hollywood, Florida (FL)



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Table of contents:
Hollywood Federal Savings Bank
GeneralFDIC Certificate #: 33330
Status: Inactive
Closing history: Conservatorship Institution Resolved
Acquiring institution: First Union National Bank of Florida (#24398)
Federal Reserve ID: 883575
Date Established: Febuary 22, 1991
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 9079
FDIC's unique #: 46880
Numeric code: 34
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: Febuary 22, 1991
Last Structure Change Effective Date: August 19, 1994
Last Structure Change Process Date: August 29, 1994
Last Data Update: October 10, 1995
Data Source Date: April 05, 2012
LocationAddress: 1909 Tyler Street, Hollywood, FL 33020
County: Broward
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): Fort Lauderdale, FL (#2680)
Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
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: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
History of ChangesPass Through Receivership Merger
Office Sold
Corrections
Conservatorship Institution Resolved
Financial SummaryTotal assets: $347.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$281
Cash and due from depository institutions$407,090
Interest-bearing balances$220,835
Securities$200,142
Federal funds sold & reverse repurchase agreements$27,614
Net loans & leases$0
Loan loss allowance $44,592
Trading account assets$19,041
Bank premises and fixed assets$0
Other real estate owned$4,369
Goodwill and other intangibles$18,096
All other assets$0
Life insurance assets$91,584
Total liabilities and capital$0
Total liabilities$407,090
Total deposits$587,685
Interest-bearing deposits$579,041
Deposits held in domestic offices$579,041
% insured (estimated)579041.00%
Federal funds purchased & repurchase agreements $99
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$8,644
Total bank equity capital$8,644
Perpetual preferred stock$-180,595
Common stock$0
Surplus$0
Undivided profits $0
Memoranda
Noncurrent loans and leases $-180,595
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $27,479
Earning assets $585
Long-term assets (5+ years) $272,348
Average Assets, year-to-date $0
Average Assets, quarterly $479,524
Volatile liabilities $420,651
Insider loans $11,773
FHLB advances $0
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $-180,595
Total unused commitments $212,095
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $18,204
Net interest income $18,946
Provision for loan and lease losses -$742
Total noninterest income $7,225
Fiduciary activities $9,595
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $9,595
Salaries and employee benefits $33,448
Premises and equipment expense $7,124
Additional noninterest expense $10,106
Pre-tax net operating income $16,218
Securities gains (losses) -$31,820
Applicable income taxes $1,135
Income before extraordinary items $0
Extraordinary gains - net -$30,685
Net income attributable to bank $0
Net charge-offs -$30,685
Cash dividends $10,531
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 5.12%
Net interest margin 5.33%
Noninterest income to earning assets -0.21%
Noninterest expense to earning assets 2.70%
Net operating income to assets 9.40%
Return on assets (ROA) -6.64%
Pretax return on assets -6.40%
Return on equity (ROE) -6.40%
Retained earnings to average equity (YTD only) 18.62%
Net charge-offs to loans 18.62%
Credit loss provision to net charge-offs 12.08%
Efficiency ratio68.61%
Assets per employee$377,815
Cash dividends to net income (YTD only)1.45%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 29.92%
Noncurrent assets plus other real estate owned to assets 69.29%
Noncurrent loans to loans 11.20%
Net loans and leases to deposits43.18%
Net loans and leases to core deposits 7.70%
Equity capital to assets 7.86%
Core capital (leverage) ratio -44.36%
Tier 1 risk-based capital ratio -44.37%
Total risk-based capital ratio -85.15%
Memoranda
Average assets-$85
Average earning assets$479,524
Average equity -$164,769
Average loans $355,704
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