Intercredit Bank, National Association in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Intercredit Bank, National Association - Overview

  • General
  • FDIC Certificate #: 25258
    Status: Active
    Federal Reserve ID: 44433
    Date Established: July 02, 1984
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 17463
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 02, 1984
    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: 1200 Brickell Avenue, 4th Floor, Miami, FL 33131
    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: $269.5 mil
    Equity capital: $24.1 mil
    Deposits held in domestic offices: $212.9 mil
    Return on assets (ROA): -1.96% (-$5.3 mil)
    Quarterly return on assets: -1.67% (-$4.5 mil)
    Return on Equity (ROE): -21.94% (-$5.3 mil)
    Quarterly return on equity: -18.43% (-$4.4 mil)
    Net income: -$5.1 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -1.96% (-$5,281.4 mil)
    Quarterly Pretax return on assets: -1.67% (-$4,499.9 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
  • 72Total employees (full-time equivalent)
  • $269,458Total assets
  • $14,077Cash and due from depository institutions
  • $9,772Interest-bearing balances
  • $71,455Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $174,394Net loans & leases
  • $4,217Loan loss allowance
  • $0Trading account assets
  • $3,188Bank premises and fixed assets
  • $1,542Other real estate owned
  • $91Goodwill and other intangibles
  • $269,458Life insurance assets
  • $4,711All other assets
  • $245,379Total liabilities and capital
  • $212,856Total liabilities
  • $167,733Total deposits
  • $212,856Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 1020.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,000Trading liabilities
  • $0Other borrowed funds
  • $1,503Subordinated debt
  • $24,079All other liabilities
  • $24,079Total equity capital
  • $24,079Total bank equity capital
  • $0Perpetual preferred stock
  • $37,815Common stock
  • $9,528Surplus
  • $-23,264Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,799Income earned, not collected on loans
  • $0Earning assets
  • $1,237Long-term assets (5+ years)
  • $255,621Average Assets, year-to-date
  • $81,947Average Assets, quarterly
  • $258,623Volatile liabilities
  • $262,851Insider loans
  • $146,225FHLB advances
  • $259,304Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,082Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,786Restructured Loans and leases
  • $115Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,321Total interest income
  • $3,101Total interest expense
  • $8,220Net interest income
  • $1,050Provision for loan and lease losses
  • $387Total noninterest income
  • $0Fiduciary activities
  • $1,084Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$697Additional noninterest income
  • $12,666Total noninterest expense
  • $6,244Salaries and employee benefits
  • $2,075Premises and equipment expense
  • $4,347Additional noninterest expense
  • -$5,109Pre-tax net operating income
  • $31Securities gains (losses)
  • $0Applicable income taxes
  • -$5,078Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,078Net income attributable to bank
  • $0Net charge-offs
  • -$5,078Cash dividends
  • $1,496Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 3.37%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 5.20%Noninterest expense to earning assets
  • -1.98%Net operating income to assets
  • -1.96%Return on assets (ROA)
  • -1.96%Pretax return on assets
  • -21.94%Return on equity (ROE)
  • -21.94%Retained earnings to average equity (YTD only)
  • 0.81%Net charge-offs to loans
  • 70.19%Credit loss provision to net charge-offs
  • -2.71%Efficiency ratio
  • 147,159Assets per employee
  • 3.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 54.07%Noncurrent assets plus other real estate owned to assets
  • 3.47%Noncurrent loans to loans
  • 4.37%Net loans and leases to deposits
  • 81.93%Net loans and leases to core deposits
  • 109.94%Equity capital to assets
  • 8.94%Core capital (leverage) ratio
  • 9.29%Tier 1 risk-based capital ratio
  • 16.47%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $258,623Average earning assets
  • $23,141Average equity
  • $243,796Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017463Intercredit Bank, National Association1200 Brickell Avenue, 4th Floor, Miami, FL 33131July 02, 1984Full Service Brick and Mortar
    2257941Bird Road Branch8890 S.W. 40th Street, Miami, FL 33155September 23, 1996Full Service Brick and Mortar
    3257942West Miami Branch6400 S.W. 8th Street, Miami, FL 33144March 03, 1997Full Service Brick and Mortar
    4365995Doral Branch3730 N.W. 79th Avenue, Miami, FL 33166October 28, 2002Full Service Brick and Mortar
    7491910South Miami Branch1430 S. Dixie Highway, Suite 101, Coral Gables, FL 33146January 05, 2009Limited Service Facility

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