Home Federal Bank of Hollywood in Hallandale Beach, Florida (FL)



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Home Federal Bank of Hollywood
GeneralFDIC Certificate #: 34652
Status: Active
Federal Reserve ID: 2728746
Date Established: September 08, 1998
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 14725
FDIC's unique #: 61029
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: September 08, 1998
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 900 North Federal Highway, Hallandale Beach, FL 33009
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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $74.9 mil
Equity capital: $7.5 mil
Deposits held in domestic offices: $55.5 mil
Return on assets (ROA): -4.91% (-$3.7 mil)
Quarterly return on assets: -6.54% (-$4.9 mil)
Return on Equity (ROE): -49.85% (-$4.0 mil)
Quarterly return on equity: -62.61% (-$5.0 mil)
Net income: -$3.9 mil
Quarterly Net income: -$1.3 mil
Pretax return on assets: -4.91% (-$3,676.4 mil)
Quarterly Pretax return on assets: -6.54% (-$4,896.9 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)15
Total assets$74,876
Cash and due from depository institutions$4,546
Interest-bearing balances$3,571
Securities$747
Federal funds sold & reverse repurchase agreements$3,565
Net loans & leases$54,853
Loan loss allowance $1,899
Trading account assets$0
Bank premises and fixed assets$3,913
Other real estate owned$5,794
Goodwill and other intangibles$0
All other assets$1,458
Life insurance assets$74,876
Total liabilities and capital$67,369
Total liabilities$55,476
Total deposits$50,089
Interest-bearing deposits$55,476
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$11,700
Other borrowed funds $0
Subordinated debt $193
All other liabilities $7,507
Total equity capital$7,507
Total bank equity capital$7,507
Perpetual preferred stock$0
Common stock$0
Surplus$14,450
Undivided profits $-6,943
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $6,547
Earning assets $0
Long-term assets (5+ years) $262
Average Assets, year-to-date $62,736
Average Assets, quarterly $0
Volatile liabilities $79,698
Insider loans $78,027
FHLB advances $51,335
Loans and leases held for sale $74,879
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,510
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $300
Derivatives$1
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,200
Total interest expense $1,208
Net interest income $1,992
Provision for loan and lease losses $3,461
Total noninterest income $75
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $75
Total noninterest expense $2,517
Salaries and employee benefits $1,220
Premises and equipment expense $543
Additional noninterest expense $754
Pre-tax net operating income -$3,911
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$3,911
Extraordinary gains - net $0
Net income attributable to bank -$3,911
Net charge-offs $0
Cash dividends -$3,911
Sale, conversion, retirement of capital stock, net $2,020
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.73%
Cost of funding earning assets 1.79%
Net interest margin 2.94%
Noninterest income to earning assets 0.11%
Noninterest expense to earning assets 3.72%
Net operating income to assets -4.91%
Return on assets (ROA) -4.91%
Pretax return on assets -4.91%
Return on equity (ROE) -49.85%
Retained earnings to average equity (YTD only) -49.85%
Net charge-offs to loans 3.57%
Credit loss provision to net charge-offs 171.34%
Efficiency ratio-0.22%
Assets per employee$121,771
Cash dividends to net income (YTD only)4.99%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.35%
Noncurrent assets plus other real estate owned to assets 29.01%
Noncurrent loans to loans 16.48%
Net loans and leases to deposits11.54%
Net loans and leases to core deposits 98.88%
Equity capital to assets 116.40%
Core capital (leverage) ratio 10.03%
Tier 1 risk-based capital ratio 10.03%
Total risk-based capital ratio 14.63%
Memoranda
Average assets$16
Average earning assets$79,698
Average equity $7,846
Average loans $67,665
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1 Florida Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
061029Home Federal Bank Of Hollywood900 North Federal Highway, Hallandale Beach, FL 33009September 08, 1998Full Service Brick and Mortar
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