New River Bank in Oakland Park, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 21, 1994

  • New River Bank in Oakland Park, Florida (FL)
  • Show street view No street view available for this location

New River Bank - Overview

  • General
  • FDIC Certificate #: 32650
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: 1st United Bank (#27136)
    Federal Reserve ID: 1396492
    Date Established: May 04, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 8570
    FDIC's unique #: 45484
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 04, 1989
    Last Structure Change Effective Date: Febuary 21, 1994
    Last Structure Change Process Date: March 30, 1994
    Last Data Update: March 30, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 2901 West Oakland Park Boulevard, Oakland Park, FL 33311
    County: Broward
    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): Fort Lauderdale, FL (#2680)
    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: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
  • Financial Summary
  • Total assets: $26.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $16Total assets
  • $26,843Cash and due from depository institutions
  • $1,336Interest-bearing balances
  • $791Securities
  • $12,127Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $12,887Loan loss allowance
  • $419Trading account assets
  • $0Bank premises and fixed assets
  • $95Other real estate owned
  • $0Goodwill and other intangibles
  • $392Life insurance assets
  • $6All other assets
  • $0Total liabilities and capital
  • $26,843Total liabilities
  • $22,267Total deposits
  • $22,142Interest-bearing deposits
  • $20,403Deposits held in domestic offices
  • 22142.00%% insured (estimated)
  • $78Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $125Total equity capital
  • $125Total bank equity capital
  • $4,576Perpetual preferred stock
  • $0Common stock
  • $2,120Surplus
  • $2,294Undivided profits
  • Memoranda
  • $162Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $37Income earned, not collected on loans
  • $82Earning assets
  • $25,805Long-term assets (5+ years)
  • $7,906Average Assets, year-to-date
  • $29,424Average Assets, quarterly
  • $28,106Volatile liabilities
  • $5,509Insider loans
  • $99FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $194Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,570Total risk weighted assets
  • $11,559Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,997Total interest expense
  • $861Net interest income
  • $1,136Provision for loan and lease losses
  • $119Total noninterest income
  • $175Fiduciary activities
  • $0Service charges on deposit accounts
  • $130Trading account gains & fees
  • $0Additional noninterest income
  • $45Total noninterest expense
  • $1,239Salaries and employee benefits
  • $552Premises and equipment expense
  • $334Additional noninterest expense
  • $353Pre-tax net operating income
  • -$47Securities gains (losses)
  • $197Applicable income taxes
  • $33Income before extraordinary items
  • $117Extraordinary gains - net
  • $0Net income attributable to bank
  • $117Net charge-offs
  • $27Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.09%Cost of funding earning assets
  • 3.06%Net interest margin
  • 4.03%Noninterest income to earning assets
  • 0.62%Noninterest expense to earning assets
  • 4.40%Net operating income to assets
  • -0.12%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 0.51%Return on equity (ROE)
  • 2.62%Retained earnings to average equity (YTD only)
  • 2.62%Net charge-offs to loans
  • 0.20%Credit loss provision to net charge-offs
  • 440.74%Efficiency ratio
  • 93,364Assets per employee
  • 1.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.15%Loss allowance to noncurrent loans
  • 1132.43%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 58.20%Net loans and leases to core deposits
  • 77.48%Equity capital to assets
  • 17.05%Core capital (leverage) ratio
  • 17.72%Tier 1 risk-based capital ratio
  • 39.53%Total risk-based capital ratio
  • Memoranda
  • $41Average assets
  • $29,424Average earning assets
  • $4,473Average equity
  • $28,155Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with New River 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