Net First National Bank in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2002

  • Net First National Bank in Boca Raton, Florida (FL)
  • Show street view No street view available for this location

Net First National Bank - Overview

  • General
  • FDIC Certificate #: 26652
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Bank Leumi USA (#19842)
    Federal Reserve ID: 145835
    Date Established: April 21, 1986
    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 #: 35385
    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: April 21, 1986
    Last Structure Change Effective Date: March 01, 2002
    Last Structure Change Process Date: July 16, 2002
    Last Data Update: July 16, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 5295 Town Center Road, Boca Raton, FL 33486
    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
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $37.2 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, 2001)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $37,207Total assets
  • $1,458Cash and due from depository institutions
  • $0Interest-bearing balances
  • $4,901Securities
  • $4,880Federal funds sold & reverse repurchase agreements
  • $20,884Net loans & leases
  • $1,134Loan loss allowance
  • $0Trading account assets
  • $1,345Bank premises and fixed assets
  • $0Other real estate owned
  • $3,157Goodwill and other intangibles
  • $0Life insurance assets
  • $582All other assets
  • $37,207Total liabilities and capital
  • $32,080Total liabilities
  • $31,601Total deposits
  • $24,742Interest-bearing deposits
  • $31,601Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $479All other liabilities
  • $5,127Total equity capital
  • $5,127Total bank equity capital
  • $5,127Perpetual preferred stock
  • $0Common stock
  • $550Surplus
  • $10,936Undivided profits
  • Memoranda
  • $-6,359Noncurrent loans and leases
  • $341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,501Earning assets
  • $451Long-term assets (5+ years)
  • $87Average Assets, year-to-date
  • $30,665Average Assets, quarterly
  • $5,812Volatile liabilities
  • $38,250Insider loans
  • $38,217FHLB advances
  • $2,755Loans and leases held for sale
  • $435Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $341Total unused commitments
  • $0Restructured Loans and leases
  • $330Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $2,210Total interest income
  • $1,498Total interest expense
  • $712Net interest income
  • $1,192Provision for loan and lease losses
  • $1,626Total noninterest income
  • $0Fiduciary activities
  • $26Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,600Additional noninterest income
  • $3,039Total noninterest expense
  • $1,349Salaries and employee benefits
  • $536Premises and equipment expense
  • $1,154Additional noninterest expense
  • -$1,893Pre-tax net operating income
  • $26Securities gains (losses)
  • $0Applicable income taxes
  • -$1,867Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,867Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $806Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.91%Yield on earning assets
  • 4.68%Cost of funding earning assets
  • 2.23%Net interest margin
  • 5.09%Noninterest income to earning assets
  • 9.50%Noninterest expense to earning assets
  • -4.95%Net operating income to assets
  • -4.88%Return on assets (ROA)
  • -4.88%Pretax return on assets
  • -29.00%Return on equity (ROE)
  • -29.00%Retained earnings to average equity (YTD only)
  • 4.12%Net charge-offs to loans
  • 147.89%Credit loss provision to net charge-offs
  • -0.87%Efficiency ratio
  • 122,926Assets per employee
  • 1.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.15%Loss allowance to noncurrent loans
  • 45.34%Noncurrent assets plus other real estate owned to assets
  • 6.72%Noncurrent loans to loans
  • 11.36%Net loans and leases to deposits
  • 66.09%Net loans and leases to core deposits
  • 72.40%Equity capital to assets
  • 13.78%Core capital (leverage) ratio
  • 6.22%Tier 1 risk-based capital ratio
  • 8.90%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $38,250Average earning assets
  • $6,439Average equity
  • $31,976Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Net First National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents