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

This bank is inactive as of Febuary 17, 1995

  • Mega Bank in Miami, Florida (FL)
  • Show street view No street view available for this location

Mega Bank - Overview

  • General
  • FDIC Certificate #: 25758
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BankAtlantic (#30559)
    Federal Reserve ID: 232436
    Date Established: November 19, 1984
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 17631
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 19, 1984
    Last Structure Change Effective Date: Febuary 17, 1995
    Last Structure Change Process Date: March 01, 1995
    Last Data Update: September 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 11400 North Kendall Drive, Miami, FL 33176
    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)
  • Financial Summary
  • Total assets: $151.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $92Total assets
  • $151,824Cash and due from depository institutions
  • $6,921Interest-bearing balances
  • $0Securities
  • $20,043Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $118,926Loan loss allowance
  • $980Trading account assets
  • $0Bank premises and fixed assets
  • $613Other real estate owned
  • $437Goodwill and other intangibles
  • $4,884Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $151,824Total liabilities
  • $140,632Total deposits
  • $125,172Interest-bearing deposits
  • $77,863Deposits held in domestic offices
  • 125172.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $14,033Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,427Total equity capital
  • $1,427Total bank equity capital
  • $11,192Perpetual preferred stock
  • $0Common stock
  • $3,407Surplus
  • $5,027Undivided profits
  • Memoranda
  • $2,758Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $453Income earned, not collected on loans
  • $3,183Earning assets
  • $138,969Long-term assets (5+ years)
  • $10,604Average Assets, year-to-date
  • $158,464Average Assets, quarterly
  • $156,294Volatile liabilities
  • $30,693Insider loans
  • $298FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $7,146Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,192Total risk weighted assets
  • $128,352Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,234Total interest expense
  • $3,544Net interest income
  • $7,690Provision for loan and lease losses
  • $570Total noninterest income
  • $1,341Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,011Trading account gains & fees
  • $0Additional noninterest income
  • $330Total noninterest expense
  • $6,863Salaries and employee benefits
  • $3,207Premises and equipment expense
  • $1,305Additional noninterest expense
  • $2,351Pre-tax net operating income
  • $1,598Securities gains (losses)
  • -$301Applicable income taxes
  • $641Income before extraordinary items
  • $656Extraordinary gains - net
  • $132Net income attributable to bank
  • $788Net charge-offs
  • $521Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.70%Cost of funding earning assets
  • 2.43%Net interest margin
  • 5.27%Noninterest income to earning assets
  • 0.92%Noninterest expense to earning assets
  • 4.70%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 0.90%Return on equity (ROE)
  • 7.19%Retained earnings to average equity (YTD only)
  • 7.19%Net charge-offs to loans
  • 0.47%Credit loss provision to net charge-offs
  • 109.40%Efficiency ratio
  • 75,994Assets per employee
  • 1.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.82%Loss allowance to noncurrent loans
  • 216.34%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 95.01%Net loans and leases to core deposits
  • 109.60%Equity capital to assets
  • 7.37%Core capital (leverage) ratio
  • 7.18%Tier 1 risk-based capital ratio
  • 8.72%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $158,464Average earning assets
  • $10,967Average equity
  • $145,949Average loans

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