International Finance Bank in Miami, Florida (FL)

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International Finance Bank routing number info

Table of contents:
International Finance Bank
GeneralFDIC Certificate #: 24823
Status: Active
Federal Reserve ID: 867632
Date Established: November 30, 1983
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 14561
FDIC's unique #: 17214
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: Yes
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 30, 1983
Last Structure Change Effective Date: November 21, 2006
Last Structure Change Process Date: November 21, 2006
Last Data Update: November 21, 2006
Data Source Date: April 05, 2012
LocationAddress: 801 Brickell Avenue, Suite 2400, 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 ChangesChange in Location
Financial SummaryTotal assets: $358.7 mil
Equity capital: $31.0 mil
Deposits held in domestic offices: $326.0 mil
Return on assets (ROA): -1.59% (-$5.7 mil)
Quarterly return on assets: -2.53% (-$9.1 mil)
Return on Equity (ROE): -19.41% (-$6.0 mil)
Quarterly return on equity: -28.84% (-$8.9 mil)
Net income: -$6.8 mil
Quarterly Net income: -$2.3 mil
Pretax return on assets: -2.55% (-$9,146.2 mil)
Quarterly Pretax return on assets: -4.06% (-$14,562.1 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)79
Total assets$358,673
Cash and due from depository institutions$31,957
Interest-bearing balances$30,333
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$256,215
Loan loss allowance $13,390
Trading account assets$0
Bank premises and fixed assets$1,885
Other real estate owned$2,222
Goodwill and other intangibles$0
All other assets$16,107
Life insurance assets$358,673
Total liabilities and capital$327,665
Total liabilities$326,000
Total deposits$215,381
Interest-bearing deposits$326,000
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,665
All other liabilities $31,008
Total equity capital$31,008
Total bank equity capital$31,008
Perpetual preferred stock$0
Common stock$26,186
Undivided profits $-10,323
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,057
Income earned, not collected on loans $38,602
Earning assets $0
Long-term assets (5+ years) $1,196
Average Assets, year-to-date $336,835
Average Assets, quarterly $111,573
Volatile liabilities $426,319
Insider loans $368,205
FHLB advances $248,159
Loans and leases held for sale $365,794
Unused loan commitments $367
Tier 1 (core) risk-based capital $367
Tier 2 risk-based capital $21,379
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $13,054
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $19,086
Total interest expense $2,746
Net interest income $16,340
Provision for loan and lease losses $17,193
Total noninterest income $3,735
Fiduciary activities $0
Service charges on deposit accounts $464
Trading account gains & fees $0
Additional noninterest income $3,271
Total noninterest expense $14,477
Salaries and employee benefits $6,686
Premises and equipment expense $2,018
Additional noninterest expense $5,773
Pre-tax net operating income -$11,595
Securities gains (losses) $710
Applicable income taxes -$4,096
Income before extraordinary items -$6,789
Extraordinary gains - net $0
Net income attributable to bank -$6,789
Net charge-offs $0
Cash dividends -$6,789
Sale, conversion, retirement of capital stock, net $14,723
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 assets4.70%
Cost of funding earning assets 0.68%
Net interest margin 4.02%
Noninterest income to earning assets 0.92%
Noninterest expense to earning assets 3.57%
Net operating income to assets -1.70%
Return on assets (ROA) -1.59%
Pretax return on assets -2.55%
Return on equity (ROE) -19.41%
Retained earnings to average equity (YTD only) -19.41%
Net charge-offs to loans 4.86%
Credit loss provision to net charge-offs 116.78%
Efficiency ratio0.38%
Assets per employee$72,115
Cash dividends to net income (YTD only)4.54%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.97%
Noncurrent assets plus other real estate owned to assets 34.69%
Noncurrent loans to loans 11.38%
Net loans and leases to deposits14.32%
Net loans and leases to core deposits 78.59%
Equity capital to assets 92.79%
Core capital (leverage) ratio 8.65%
Tier 1 risk-based capital ratio 5.84%
Total risk-based capital ratio 8.62%
Average assets$10
Average earning assets$426,319
Average equity $34,979
Average loans $406,021
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6 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
017214International Finance Bank801 Brickell Avenue, Suite 2400, Miami, FL 33131November 30, 1983Full Service Brick and Mortar
1257676Coral Gables Branch3663 S.W. 8th Street, Miami, FL 33135October 06, 1986Full Service Brick and Mortar
3257678Westchester8396 Sw 8 Street, Miami, FL 33144March 14, 1994Full Service Brick and Mortar
4445986Weston Branch2278 Weston Road, Weston, FL 33326November 21, 2005Full Service Brick and Mortar
5490243Merrick Pointe Branch3850 S.W. 40th Street, Miami, FL 33146July 10, 2008Full Service Brick and Mortar
6519113Brickell Avenue Branch917 Brickell Avenue, Miami, FL 33131May 12, 2011Full Service Brick and Mortar
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