Northern Trust, National Association in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2011

Northern Trust, National Association - Overview

  • General
  • FDIC Certificate #: 24185
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Northern Trust Company (#913)
    Federal Reserve ID: 665931
    Date Established: November 01, 1982
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 62 (Interstate: No)
    FDIC's unique #: 16839
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: November 01, 1982
    Last Structure Change Effective Date: October 01, 2011
    Last Structure Change Process Date: October 07, 2011
    Last Data Update: October 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 Brickell Avenue, Miami, FL 33131
    County: Miami-Dade
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    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: $16,103.9 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, 2010)

  • Dollar figures in thousands
  • 1,492Total employees (full-time equivalent)
  • $12,431,911Total assets
  • $317,381Cash and due from depository institutions
  • $206,707Interest-bearing balances
  • $57,111Securities
  • $535,000Federal funds sold & reverse repurchase agreements
  • $11,137,514Net loans & leases
  • $117,185Loan loss allowance
  • $0Trading account assets
  • $61,233Bank premises and fixed assets
  • $38,718Other real estate owned
  • $40,462Goodwill and other intangibles
  • $0Life insurance assets
  • $244,492All other assets
  • $12,431,911Total liabilities and capital
  • $11,093,016Total liabilities
  • $9,837,199Total deposits
  • $8,128,478Interest-bearing deposits
  • $9,693,810Deposits held in domestic offices
  • 43.70%% insured (estimated)
  • $68,454Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,080,986Other borrowed funds
  • $60,000Subordinated debt
  • $46,377All other liabilities
  • $1,338,895Total equity capital
  • $1,338,895Total bank equity capital
  • $1,338,895Perpetual preferred stock
  • $0Common stock
  • $34,093Surplus
  • $400,925Undivided profits
  • Memoranda
  • $903,877Noncurrent loans and leases
  • $2,718,650Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $178,003Earning assets
  • $0Long-term assets (5+ years)
  • $29,551Average Assets, year-to-date
  • $11,936,332Average Assets, quarterly
  • $1,633,826Volatile liabilities
  • $12,334,557Insider loans
  • $12,205,202FHLB advances
  • $1,634,243Loans and leases held for sale
  • $1,000Unused loan commitments
  • $1,077,371Tier 1 (core) risk-based capital
  • $2,184Tier 2 risk-based capital
  • $533Total risk weighted assets
  • $2,718,650Total unused commitments
  • $9,814Restructured Loans and leases
  • $178,315Derivatives
  • $2,224Total assets and liabilities in foreign offices

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $429,950Total interest income
  • $90,744Total interest expense
  • $339,206Net interest income
  • $104,750Provision for loan and lease losses
  • $233,420Total noninterest income
  • $213,555Fiduciary activities
  • $8,704Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11,161Additional noninterest income
  • $302,617Total noninterest expense
  • $183,412Salaries and employee benefits
  • $42,404Premises and equipment expense
  • $76,801Additional noninterest expense
  • $165,259Pre-tax net operating income
  • $0Securities gains (losses)
  • $63,768Applicable income taxes
  • $101,491Income before extraordinary items
  • $0Extraordinary gains - net
  • $101,491Net income attributable to bank
  • $0Net charge-offs
  • $101,491Cash dividends
  • $86,577Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.63%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 2.86%Net interest margin
  • 1.97%Noninterest income to earning assets
  • 2.55%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 8.96%Return on equity (ROE)
  • 8.96%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 120.99%Credit loss provision to net charge-offs
  • 3.12%Efficiency ratio
  • 52,837Assets per employee
  • 8.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 65.83%Noncurrent assets plus other real estate owned to assets
  • 1.74%Noncurrent loans to loans
  • 1.58%Net loans and leases to deposits
  • 113.22%Net loans and leases to core deposits
  • 129.54%Equity capital to assets
  • 10.77%Core capital (leverage) ratio
  • 10.81%Tier 1 risk-based capital ratio
  • 12.39%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $12,334,557Average earning assets
  • $1,132,319Average equity
  • $11,847,337Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $60,034,932Managed Assets
  • 1Number of Accounts
  • $53,434,045Personal trust and agency accounts
  • $14,559,630Employee benefit-defined contribution accounts
  • $506,895Employee benefit-defined benefit accounts
  • $678,986Other retirement accounts
  • $3,698,556Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $31,889,967Other fiduciary accounts
  • $2,011,080Fiduciary accounts held in foreign offices
  • $88,931Non-managed Assets
  • 34957Number of Accounts
  • $0Personal trust and agency accounts
  • $3,598,312Employee benefit-defined contribution accounts
  • $18,261,591Employee benefit-defined benefit accounts
  • $6,600,887Other retirement accounts
  • $751,088Corporate trust and agency accounts
  • $246,085Other fiduciary accounts
  • $529,524Fiduciary accounts held in foreign offices

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