Pacific National Bank in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pacific National Bank - Overview

  • General
  • FDIC Certificate #: 26299
    Status: Active
    Federal Reserve ID: 577137
    Bank Holding Company (Regulatory Top Holder): Banco Del Pacifico S.A. (RSSDID: 1129355, Location: Guayaquil)
    Date Established: July 22, 1985
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 10618
    FDIC's unique #: 32718
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: Yes
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 22, 1985
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1390 Brickell Avenue, Miami, FL 33131
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $357.3 mil
    Equity capital: $43.8 mil
    Deposits held in domestic offices: $139.2 mil
    Return on assets (ROA): -0.31% (-$1.1 mil)
    Quarterly return on assets: -0.76% (-$2.7 mil)
    Return on Equity (ROE): -2.47% (-$1.1 mil)
    Quarterly return on equity: -6.00% (-$2.6 mil)
    Net income: -$1.1 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -0.36% (-$1,286.2 mil)
    Quarterly Pretax return on assets: -0.39% (-$1,393.4 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, 2011)

  • Dollar figures in thousands
  • 78Total employees (full-time equivalent)
  • $357,276Total assets
  • $45,972Cash and due from depository institutions
  • $542Interest-bearing balances
  • $158,268Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $128,120Net loans & leases
  • $2,994Loan loss allowance
  • $0Trading account assets
  • $7,398Bank premises and fixed assets
  • $5,386Other real estate owned
  • $0Goodwill and other intangibles
  • $357,276Life insurance assets
  • $12,132All other assets
  • $313,490Total liabilities and capital
  • $218,047Total liabilities
  • $164,542Total deposits
  • $139,197Interest-bearing deposits
  • $53Deposits held in domestic offices
  • 85850.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,509Trading liabilities
  • $0Other borrowed funds
  • $1,084Subordinated debt
  • $43,786All other liabilities
  • $43,786Total equity capital
  • $43,786Total bank equity capital
  • $0Perpetual preferred stock
  • $19,944Common stock
  • $14,656Surplus
  • $9,186Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,256Income earned, not collected on loans
  • $0Earning assets
  • $1,112Long-term assets (5+ years)
  • $286,930Average Assets, year-to-date
  • $171,724Average Assets, quarterly
  • $349,374Volatile liabilities
  • $348,904Insider loans
  • $178,248FHLB advances
  • $350,088Loans and leases held for sale
  • $7,420Unused loan commitments
  • $1,955Tier 1 (core) risk-based capital
  • $42,544Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,465Total unused commitments
  • $7,072Restructured Loans and leases
  • $0Derivatives
  • $9,357Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,885Total interest income
  • $1,030Total interest expense
  • $10,855Net interest income
  • $458Provision for loan and lease losses
  • $1,529Total noninterest income
  • $0Fiduciary activities
  • $338Service charges on deposit accounts
  • $37Trading account gains & fees
  • $1,154Additional noninterest income
  • $14,036Total noninterest expense
  • $7,569Salaries and employee benefits
  • $2,129Premises and equipment expense
  • $4,338Additional noninterest expense
  • -$2,110Pre-tax net operating income
  • $842Securities gains (losses)
  • -$189Applicable income taxes
  • -$1,079Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,079Net income attributable to bank
  • $0Net charge-offs
  • -$1,079Cash dividends
  • $1,413Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.10%Yield on earning assets
  • 0.36%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 4.84%Noninterest expense to earning assets
  • -0.51%Net operating income to assets
  • -0.31%Return on assets (ROA)
  • -0.36%Pretax return on assets
  • -2.47%Return on equity (ROE)
  • -2.47%Retained earnings to average equity (YTD only)
  • 1.16%Net charge-offs to loans
  • 32.41%Credit loss provision to net charge-offs
  • -1.17%Efficiency ratio
  • 113,340Assets per employee
  • 4.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 32.35%Noncurrent assets plus other real estate owned to assets
  • 4.10%Noncurrent loans to loans
  • 7.06%Net loans and leases to deposits
  • 58.76%Net loans and leases to core deposits
  • 102.96%Equity capital to assets
  • 12.26%Core capital (leverage) ratio
  • 12.15%Tier 1 risk-based capital ratio
  • 23.87%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $349,374Average earning assets
  • $43,763Average equity
  • $289,906Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    032718Pacific National Bank1390 Brickell Avenue, Miami, FL 33131July 22, 1985Full Service Brick and Mortar

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 Pacific National Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents