FDIC Certificate #: 91315 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Island National Bank and Trust Company (#27390) Federal Reserve ID: 338132 Date Established: December 28, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 18307 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: December 28, 1983 Last Structure Change Effective Date: June 15, 1993 Last Structure Change Process Date: June 24, 1993 Last Data Update: June 24, 1993 Data Source Date: April 05, 2012
Location
Address: 180 Royal Palm Way, Palm Beach, FL 33480 County: Palm Beach 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): West Palm Beach-Boca Raton, FL (#8960) 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: West Palm Beach-Boca Raton-Boynton Beach, FL (#48424)
Financial Summary
Total assets: $4.0 mil
Assets and Liabilities (December 31, 1992)
Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$4,076Cash and due from depository institutions
$48Interest-bearing balances
$0Securities
$244Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$60Other real estate owned
$0Goodwill and other intangibles
$2,328Life insurance assets
$1,396All other assets
$0Total liabilities and capital
$4,076Total liabilities
$35Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$35Total equity capital
$35Total bank equity capital
$4,041Perpetual preferred stock
$0Common stock
$750Surplus
$3,759Undivided profits
Memoranda
$-468Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$244Long-term assets (5+ years)
$0Average Assets, year-to-date
$4,325Average Assets, quarterly
$4,133Volatile liabilities
$0Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,645Total risk weighted assets
$2,443Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1992)
Dollar figures in thousands
$0Total interest income
$92Total interest expense
$0Net interest income
$92Provision for loan and lease losses
$0Total noninterest income
$458Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$458Total noninterest expense
$919Salaries and employee benefits
$450Premises and equipment expense
$108Additional noninterest expense
$361Pre-tax net operating income
-$369Securities gains (losses)
$0Applicable income taxes
$0Income before extraordinary items
-$369Extraordinary gains - net
$0Net income attributable to bank
-$369Net charge-offs
$0Cash 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
12.04%Cost of funding earning assets
0.00%Net interest margin
12.04%Noninterest income to earning assets
59.92%Noninterest expense to earning assets
120.23%Net operating income to assets
-8.53%Return on assets (ROA)
-8.53%Pretax return on assets
-8.53%Return on equity (ROE)
-8.75%Retained earnings to average equity (YTD only)
-8.75%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
146,182Assets per employee
0.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
99.14%Core capital (leverage) ratio
97.39%Tier 1 risk-based capital ratio
108.29%Total risk-based capital ratio
Memoranda
$108Average assets
$4,325Average earning assets
$4,219Average equity
$764Average loans
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