Midlantic National Bank and Trust Company/Florida in West Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 20, 1993

  • Midlantic National Bank and Trust Company/Florida in West Palm Beach, Florida (FL)
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Midlantic National Bank and Trust Company/Florida - Overview

  • General
  • FDIC Certificate #: 24251
    Status: Inactive
    Federal Reserve ID: 603438
    Date Established: January 04, 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 #: 16884
    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: January 04, 1983
    Last Structure Change Effective Date: December 20, 1993
    Last Structure Change Process Date: January 10, 1994
    Last Data Update: January 10, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1601 Belvedere Road, Suite 110 East, West Palm Beach, FL 33406
    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
  • Other Liquidations and Closings
  • Financial Summary
  • Total assets: $13.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $0Total assets
  • $15,074Cash and due from depository institutions
  • $30Interest-bearing balances
  • $0Securities
  • $773Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $13,526Loan loss allowance
  • $2,864Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $559Goodwill and other intangibles
  • $186Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $15,074Total liabilities
  • $3,386Total deposits
  • $1,575Interest-bearing deposits
  • $1,567Deposits held in domestic offices
  • 1575.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $1,800Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $11Total equity capital
  • $11Total bank equity capital
  • $11,688Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $18,600Undivided profits
  • Memoranda
  • $-9,412Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,108Income earned, not collected on loans
  • $175Earning assets
  • $14,299Long-term assets (5+ years)
  • $658Average Assets, year-to-date
  • $35,962Average Assets, quarterly
  • $17,931Volatile liabilities
  • $2,000Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,688Total risk weighted assets
  • $13,318Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,609Total interest expense
  • $1,779Net interest income
  • $1,830Provision for loan and lease losses
  • $600Total noninterest income
  • $2Fiduciary activities
  • $0Service charges on deposit accounts
  • $1Trading account gains & fees
  • $0Additional noninterest income
  • $1Total noninterest expense
  • $1,655Salaries and employee benefits
  • $234Premises and equipment expense
  • $24Additional noninterest expense
  • $1,397Pre-tax net operating income
  • -$423Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$423Extraordinary gains - net
  • $0Net income attributable to bank
  • -$423Net charge-offs
  • $997Cash 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
  • 10.75%Cost of funding earning assets
  • 5.30%Net interest margin
  • 5.45%Noninterest income to earning assets
  • 0.01%Noninterest expense to earning assets
  • 4.93%Net operating income to assets
  • -1.18%Return on assets (ROA)
  • -1.18%Pretax return on assets
  • -1.18%Return on equity (ROE)
  • -3.57%Retained earnings to average equity (YTD only)
  • -3.57%Net charge-offs to loans
  • 3.39%Credit loss provision to net charge-offs
  • 60.18%Efficiency ratio
  • 90,338Assets per employee
  • 0.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 17.47%Loss allowance to noncurrent loans
  • 135.86%Noncurrent assets plus other real estate owned to assets
  • 17.69%Noncurrent loans to loans
  • 12.86%Net loans and leases to deposits
  • 858.79%Net loans and leases to core deposits
  • 983.71%Equity capital to assets
  • 77.54%Core capital (leverage) ratio
  • 61.93%Tier 1 risk-based capital ratio
  • 87.76%Total risk-based capital ratio
  • Memoranda
  • $89Average assets
  • $35,962Average earning assets
  • $11,837Average equity
  • $33,576Average loans

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