Intercontinental Bank in West Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Intercontinental Bank - Overview

  • General
  • FDIC Certificate #: 57214
    Status: Active
    Federal Reserve ID: 3122828
    Bank Holding Company (Regulatory Top Holder): Intercontinental Bankshares, Llc (RSSDID: 3887323, Location: West Miami, FL)
    Date Established: June 21, 2002
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 359569
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: June 21, 2002
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5722 Southwest 8th Street, West Miami, FL 33144
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $163.1 mil
    Equity capital: $17.1 mil
    Deposits held in domestic offices: $138.4 mil
    Return on assets (ROA): 0.55% ($0.9 mil)
    Quarterly return on assets: 0.52% ($0.8 mil)
    Return on Equity (ROE): 4.92% ($0.8 mil)
    Quarterly return on equity: 5.03% ($0.9 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.84% ($1,370.1 mil)
    Quarterly Pretax return on assets: 0.82% ($1,337.5 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
  • 21Total employees (full-time equivalent)
  • $163,108Total assets
  • $29,161Cash and due from depository institutions
  • $11,600Interest-bearing balances
  • $103,970Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $27,643Net loans & leases
  • $270Loan loss allowance
  • $0Trading account assets
  • $541Bank premises and fixed assets
  • $607Other real estate owned
  • $0Goodwill and other intangibles
  • $163,108Life insurance assets
  • $1,186All other assets
  • $145,994Total liabilities and capital
  • $138,425Total liabilities
  • $109,343Total deposits
  • $138,425Interest-bearing deposits
  • $65Deposits held in domestic offices
  • 7363.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $206Subordinated debt
  • $17,114All other liabilities
  • $17,114Total equity capital
  • $17,114Total bank equity capital
  • $0Perpetual preferred stock
  • $4,150Common stock
  • $4,200Surplus
  • $8,764Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $46Income earned, not collected on loans
  • $0Earning assets
  • $598Long-term assets (5+ years)
  • $143,213Average Assets, year-to-date
  • $81,345Average Assets, quarterly
  • $150,140Volatile liabilities
  • $164,554Insider loans
  • $46,993FHLB advances
  • $165,138Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,114Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,636Restructured Loans and leases
  • $2,926Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,241Total interest income
  • $1,183Total interest expense
  • $3,058Net interest income
  • $70Provision for loan and lease losses
  • $1,278Total noninterest income
  • $0Fiduciary activities
  • $1,124Service charges on deposit accounts
  • $0Trading account gains & fees
  • $154Additional noninterest income
  • $3,039Total noninterest expense
  • $1,690Salaries and employee benefits
  • $306Premises and equipment expense
  • $1,043Additional noninterest expense
  • $1,227Pre-tax net operating income
  • $33Securities gains (losses)
  • $439Applicable income taxes
  • $821Income before extraordinary items
  • $0Extraordinary gains - net
  • $821Net income attributable to bank
  • $0Net charge-offs
  • $821Cash dividends
  • $17Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.97%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 2.14%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 2.13%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 4.92%Return on equity (ROE)
  • 4.92%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 411.76%Credit loss provision to net charge-offs
  • 76.29%Efficiency ratio
  • 70,088Assets per employee
  • 7.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 586.96%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 19.97%Net loans and leases to core deposits
  • 26.04%Equity capital to assets
  • 10.49%Core capital (leverage) ratio
  • 10.36%Tier 1 risk-based capital ratio
  • 36.42%Total risk-based capital ratio
  • Memoranda
  • $37Average assets
  • $150,140Average earning assets
  • $16,701Average equity
  • $142,699Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0359569Intercontinental Bank5722 Southwest 8th Street, West Miami, FL 33144June 21, 2002Full Service Brick and Mortar

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