Oceanmark Bank, A FSB in North Miami Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 09, 1999

  • Oceanmark Bank, A FSB in North Miami Beach, Florida (FL)
  • Show street view No street view available for this location

Oceanmark Bank, A FSB - Overview

  • General
  • FDIC Certificate #: 32491
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: DeepGreen Bank (#35349)
    Federal Reserve ID: 138574
    Date Established: August 25, 1986
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8327
    FDIC's unique #: 45325
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: August 25, 1986
    Last Structure Change Effective Date: July 09, 1999
    Last Structure Change Process Date: July 14, 1999
    Last Data Update: September 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 3845 N.E. 163rd St., North Miami Beach, FL 33160
    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)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $69.0 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $64,262Total assets
  • $2,333Cash and due from depository institutions
  • $1,272Interest-bearing balances
  • $5,346Securities
  • $2,700Federal funds sold & reverse repurchase agreements
  • $47,350Net loans & leases
  • $1,815Loan loss allowance
  • $0Trading account assets
  • $1,513Bank premises and fixed assets
  • $1,620Other real estate owned
  • $211Goodwill and other intangibles
  • $0Life insurance assets
  • $3,189All other assets
  • $64,262Total liabilities and capital
  • $60,607Total liabilities
  • $58,021Total deposits
  • $58,021Interest-bearing deposits
  • $58,021Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $565Other borrowed funds
  • $0Subordinated debt
  • $2,021All other liabilities
  • $3,655Total equity capital
  • $3,655Total bank equity capital
  • $3,655Perpetual preferred stock
  • $0Common stock
  • $304Surplus
  • $2,892Undivided profits
  • Memoranda
  • $459Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,869Earning assets
  • $0Long-term assets (5+ years)
  • $491Average Assets, year-to-date
  • $56,668Average Assets, quarterly
  • $0Volatile liabilities
  • $59,568Insider loans
  • $60,619FHLB advances
  • $15,365Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $36,702Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $4,375Total interest income
  • $2,266Total interest expense
  • $2,109Net interest income
  • $235Provision for loan and lease losses
  • $1,007Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,007Additional noninterest income
  • $3,669Total noninterest expense
  • $1,892Salaries and employee benefits
  • $794Premises and equipment expense
  • $983Additional noninterest expense
  • -$788Pre-tax net operating income
  • $733Securities gains (losses)
  • $0Applicable income taxes
  • -$55Income before extraordinary items
  • $0Extraordinary gains - net
  • -$55Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$878Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.46%Yield on earning assets
  • 4.38%Cost of funding earning assets
  • 4.08%Net interest margin
  • 1.95%Noninterest income to earning assets
  • 7.09%Noninterest expense to earning assets
  • -1.32%Net operating income to assets
  • -0.09%Return on assets (ROA)
  • -0.09%Pretax return on assets
  • -1.42%Return on equity (ROE)
  • -1.42%Retained earnings to average equity (YTD only)
  • -1.90%Net charge-offs to loans
  • -26.77%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 117,747Assets per employee
  • 1.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.69%Loss allowance to noncurrent loans
  • 46.91%Noncurrent assets plus other real estate owned to assets
  • 8.54%Noncurrent loans to loans
  • 7.87%Net loans and leases to deposits
  • 81.61%Net loans and leases to core deposits
  • 109.55%Equity capital to assets
  • 5.69%Core capital (leverage) ratio
  • 5.41%Tier 1 risk-based capital ratio
  • 9.44%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $59,568Average earning assets
  • $3,872Average equity
  • $51,722Average 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 Oceanmark Bank, A FSB.
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