International Finance Bank in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

International Finance Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 79Total employees (full-time equivalent)
  • $358,673Total assets
  • $31,957Cash and due from depository institutions
  • $30,333Interest-bearing balances
  • $50,287Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $256,215Net loans & leases
  • $13,390Loan loss allowance
  • $0Trading account assets
  • $1,885Bank premises and fixed assets
  • $2,222Other real estate owned
  • $0Goodwill and other intangibles
  • $358,673Life insurance assets
  • $16,107All other assets
  • $327,665Total liabilities and capital
  • $326,000Total liabilities
  • $215,381Total deposits
  • $326,000Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,665Subordinated debt
  • $31,008All other liabilities
  • $31,008Total equity capital
  • $31,008Total bank equity capital
  • $0Perpetual preferred stock
  • $26,186Common stock
  • $15,145Surplus
  • $-10,323Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,057Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $38,602Income earned, not collected on loans
  • $0Earning assets
  • $1,196Long-term assets (5+ years)
  • $336,835Average Assets, year-to-date
  • $111,573Average Assets, quarterly
  • $426,319Volatile liabilities
  • $368,205Insider loans
  • $248,159FHLB advances
  • $365,794Loans and leases held for sale
  • $367Unused loan commitments
  • $367Tier 1 (core) risk-based capital
  • $21,379Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,054Restructured Loans and leases
  • $495Derivatives
  • $621Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,086Total interest income
  • $2,746Total interest expense
  • $16,340Net interest income
  • $17,193Provision for loan and lease losses
  • $3,735Total noninterest income
  • $0Fiduciary activities
  • $464Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,271Additional noninterest income
  • $14,477Total noninterest expense
  • $6,686Salaries and employee benefits
  • $2,018Premises and equipment expense
  • $5,773Additional noninterest expense
  • -$11,595Pre-tax net operating income
  • $710Securities gains (losses)
  • -$4,096Applicable income taxes
  • -$6,789Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,789Net income attributable to bank
  • $0Net charge-offs
  • -$6,789Cash dividends
  • $14,723Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • -1.70%Net operating income to assets
  • -1.59%Return on assets (ROA)
  • -2.55%Pretax return on assets
  • -19.41%Return on equity (ROE)
  • -19.41%Retained earnings to average equity (YTD only)
  • 4.86%Net charge-offs to loans
  • 116.78%Credit loss provision to net charge-offs
  • 0.38%Efficiency ratio
  • 72,115Assets per employee
  • 4.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.97%Loss allowance to noncurrent loans
  • 34.69%Noncurrent assets plus other real estate owned to assets
  • 11.38%Noncurrent loans to loans
  • 14.32%Net loans and leases to deposits
  • 78.59%Net loans and leases to core deposits
  • 92.79%Equity capital to assets
  • 8.65%Core capital (leverage) ratio
  • 5.84%Tier 1 risk-based capital ratio
  • 8.62%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $426,319Average earning assets
  • $34,979Average equity
  • $406,021Average loans

List of branches

  • 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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