Homestead Federal Savings Bank in Homestead, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 22, 1993

  • Homestead Federal Savings Bank in Homestead, Florida (FL)
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Homestead Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 32397
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Republic Security Bank (#32254)
    Federal Reserve ID: 799078
    Date Established: November 07, 1985
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8221
    FDIC's unique #: 45231
    Numeric code: 33
    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: November 07, 1985
    Last Structure Change Effective Date: January 22, 1993
    Last Structure Change Process Date: Febuary 18, 1993
    Last Data Update: September 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 600 North Homestead Boulevard, Homestead, FL 33030
    County: Miami-Dade
    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): Miami, FL (#5000)
    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: Miami-Miami Beach-Kendall, FL (#33124)
  • Financial Summary
  • Total assets: $43.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $19Total assets
  • $43,560Cash and due from depository institutions
  • $11,613Interest-bearing balances
  • $10,663Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $27,688Loan loss allowance
  • $408Trading account assets
  • $2,236Bank premises and fixed assets
  • $404Other real estate owned
  • $113Goodwill and other intangibles
  • $1,506Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $43,560Total liabilities
  • $41,156Total deposits
  • $40,448Interest-bearing deposits
  • $39,685Deposits held in domestic offices
  • 40448.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $708Total equity capital
  • $708Total bank equity capital
  • $2,404Perpetual preferred stock
  • $0Common stock
  • $2,655Surplus
  • $370Undivided profits
  • Memoranda
  • $-621Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,176Income earned, not collected on loans
  • $257Earning assets
  • $40,587Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $44,794Average Assets, quarterly
  • $43,937Volatile liabilities
  • $3,510Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,404Total risk weighted assets
  • $22,904Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,465Total interest expense
  • $2,095Net interest income
  • $1,370Provision for loan and lease losses
  • $272Total noninterest income
  • $317Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $317Total noninterest expense
  • $2,114Salaries and employee benefits
  • $771Premises and equipment expense
  • $515Additional noninterest expense
  • $828Pre-tax net operating income
  • -$699Securities gains (losses)
  • $415Applicable income taxes
  • $0Income before extraordinary items
  • -$284Extraordinary gains - net
  • $0Net income attributable to bank
  • -$284Net charge-offs
  • $79Cash 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
  • 8.30%Cost of funding earning assets
  • 5.02%Net interest margin
  • 3.28%Noninterest income to earning assets
  • 0.76%Noninterest expense to earning assets
  • 5.06%Net operating income to assets
  • -1.56%Return on assets (ROA)
  • -0.63%Pretax return on assets
  • -0.63%Return on equity (ROE)
  • -10.97%Retained earnings to average equity (YTD only)
  • -10.97%Net charge-offs to loans
  • 0.24%Credit loss provision to net charge-offs
  • 344.30%Efficiency ratio
  • 125,311Assets per employee
  • 2.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 18.75%Noncurrent assets plus other real estate owned to assets
  • 5.25%Noncurrent loans to loans
  • 7.74%Net loans and leases to deposits
  • 68.45%Net loans and leases to core deposits
  • 74.96%Equity capital to assets
  • 5.52%Core capital (leverage) ratio
  • 5.52%Tier 1 risk-based capital ratio
  • 10.50%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $44,794Average earning assets
  • $2,589Average equity
  • $41,772Average loans

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