Legacy Bank of Florida in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Legacy Bank of Florida - Overview

  • General
  • FDIC Certificate #: 58247
    Status: Active
    Federal Reserve ID: 3444539
    Date Established: May 15, 2006
    WWW: http://www.legacybankfl.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 444391
    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: Commercial Lending Specialization
    Date of Deposit Insurance: May 15, 2006
    Last Structure Change Effective Date: May 15, 2006
    Last Structure Change Process Date: May 26, 2006
    Last Data Update: May 26, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2300 Glades Road, Suite 120/140 West, Boca Raton, FL 33431
    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)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $285.5 mil
    Equity capital: $15.7 mil
    Deposits held in domestic offices: $258.1 mil
    Return on assets (ROA): -1.78% (-$5.1 mil)
    Quarterly return on assets: 0.23% ($0.7 mil)
    Return on Equity (ROE): -35.61% (-$5.7 mil)
    Quarterly return on equity: 4.09% ($0.7 mil)
    Net income: -$5.4 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: -2.07% (-$5,910.6 mil)
    Quarterly Pretax return on assets: 0.00% ($0.0 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
  • 42Total employees (full-time equivalent)
  • $285,534Total assets
  • $9,011Cash and due from depository institutions
  • $6,131Interest-bearing balances
  • $72,763Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $195,422Net loans & leases
  • $5,559Loan loss allowance
  • $0Trading account assets
  • $3,175Bank premises and fixed assets
  • $2,130Other real estate owned
  • $0Goodwill and other intangibles
  • $285,534Life insurance assets
  • $3,033All other assets
  • $269,824Total liabilities and capital
  • $258,084Total liabilities
  • $234,344Total deposits
  • $258,084Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,100Trading liabilities
  • $0Other borrowed funds
  • $640Subordinated debt
  • $15,710All other liabilities
  • $15,710Total equity capital
  • $15,710Total bank equity capital
  • $0Perpetual preferred stock
  • $6,611Common stock
  • $33,160Surplus
  • $-24,061Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,054Income earned, not collected on loans
  • $0Earning assets
  • $1,079Long-term assets (5+ years)
  • $274,316Average Assets, year-to-date
  • $73,291Average Assets, quarterly
  • $305,084Volatile liabilities
  • $288,979Insider loans
  • $213,490FHLB advances
  • $290,694Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,440Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,516Restructured Loans and leases
  • $638Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,286Total interest income
  • $3,075Total interest expense
  • $10,211Net interest income
  • $8,007Provision for loan and lease losses
  • -$924Total noninterest income
  • $0Fiduciary activities
  • $183Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,107Additional noninterest income
  • $9,074Total noninterest expense
  • $3,720Salaries and employee benefits
  • $1,334Premises and equipment expense
  • $4,020Additional noninterest expense
  • -$7,794Pre-tax net operating income
  • $1,486Securities gains (losses)
  • -$864Applicable income taxes
  • -$5,444Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,444Net income attributable to bank
  • $0Net charge-offs
  • -$5,444Cash dividends
  • $7,147Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.54%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.49%Net interest margin
  • -0.32%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • -2.20%Net operating income to assets
  • -1.78%Return on assets (ROA)
  • -2.07%Pretax return on assets
  • -35.61%Return on equity (ROE)
  • -35.61%Retained earnings to average equity (YTD only)
  • 3.32%Net charge-offs to loans
  • 112.03%Credit loss provision to net charge-offs
  • 0.03%Efficiency ratio
  • 97,706Assets per employee
  • 6.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.77%Loss allowance to noncurrent loans
  • 27.72%Noncurrent assets plus other real estate owned to assets
  • 7.77%Noncurrent loans to loans
  • 9.98%Net loans and leases to deposits
  • 75.72%Net loans and leases to core deposits
  • 76.69%Equity capital to assets
  • 5.50%Core capital (leverage) ratio
  • 5.31%Tier 1 risk-based capital ratio
  • 7.23%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $305,084Average earning assets
  • $15,287Average equity
  • $292,530Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0444391Legacy Bank Of Florida2300 Glades Road, Suite 120/140 West, Boca Raton, FL 33431May 15, 2006Full Service Brick and Mortar
    1451432West Palm Beach Branch2090 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409May 15, 2006Full Service Brick and Mortar
    2451433Fort Lauderdale Branch12 Se 7th Street, Fort Lauderdale, FL 33301May 15, 2006Full Service Brick and Mortar
    3454554Delray Beach Branch50 Ne 5th Avenue, Delray Beach, FL 33483August 07, 2006Full Service Brick and Mortar
    4470758Pompano Beach Branch6825 North Powerline Road, Fort Lauderdale, FL 33309January 14, 2008Full Service Brick and Mortar

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