Palm Beach Community Bank in West Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Palm Beach Community Bank - Overview

  • General
  • FDIC Certificate #: 58763
    Status: Active
    Federal Reserve ID: 3690662
    Date Established: April 07, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 467436
    Numeric code: 13
    Regulator: FED
    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: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 07, 2008
    Last Structure Change Effective Date: Febuary 18, 2011
    Last Structure Change Process Date: March 01, 2011
    Last Data Update: March 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 8101 Okeechobee Boulevard, West Palm Beach, FL 33411
    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
  • Change in Location
  • Financial Summary
  • Total assets: $190.6 mil
    Equity capital: $26.7 mil
    Deposits held in domestic offices: $154.8 mil
    Return on assets (ROA): 1.22% ($2.3 mil)
    Quarterly return on assets: 1.43% ($2.7 mil)
    Return on Equity (ROE): 8.19% ($2.2 mil)
    Quarterly return on equity: 10.11% ($2.7 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.22% ($2,325.1 mil)
    Quarterly Pretax return on assets: 1.43% ($2,725.3 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
  • 36Total employees (full-time equivalent)
  • $190,583Total assets
  • $6,330Cash and due from depository institutions
  • $4,720Interest-bearing balances
  • $33,808Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $140,047Net loans & leases
  • $1,380Loan loss allowance
  • $0Trading account assets
  • $7,630Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $190,583Life insurance assets
  • $2,768All other assets
  • $163,920Total liabilities and capital
  • $154,751Total liabilities
  • $142,787Total deposits
  • $154,751Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 1010.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,000Trading liabilities
  • $0Other borrowed funds
  • $159Subordinated debt
  • $26,663All other liabilities
  • $26,663Total equity capital
  • $26,663Total bank equity capital
  • $0Perpetual preferred stock
  • $11,832Common stock
  • $12,062Surplus
  • $2,769Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $1,021Long-term assets (5+ years)
  • $178,575Average Assets, year-to-date
  • $88,854Average Assets, quarterly
  • $170,345Volatile liabilities
  • $185,473Insider loans
  • $112,555FHLB advances
  • $183,774Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,929Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,679Restructured Loans and leases
  • $2,582Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,417Total interest income
  • $1,454Total interest expense
  • $6,963Net interest income
  • $280Provision for loan and lease losses
  • $73Total noninterest income
  • $0Fiduciary activities
  • $43Service charges on deposit accounts
  • $0Trading account gains & fees
  • $30Additional noninterest income
  • $4,727Total noninterest expense
  • $2,703Salaries and employee benefits
  • $921Premises and equipment expense
  • $1,103Additional noninterest expense
  • $2,029Pre-tax net operating income
  • $55Securities gains (losses)
  • $0Applicable income taxes
  • $2,084Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,084Net income attributable to bank
  • $0Net charge-offs
  • $2,084Cash dividends
  • -$25Sale, conversion, retirement of capital stock, net
  • $152Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 8.19%Return on equity (ROE)
  • 7.59%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • -1120.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 67,183Assets per employee
  • 5.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.29%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 90.50%Net loans and leases to core deposits
  • 93.56%Equity capital to assets
  • 13.99%Core capital (leverage) ratio
  • 14.11%Tier 1 risk-based capital ratio
  • 23.04%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $170,345Average earning assets
  • $25,451Average equity
  • $159,460Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0467436Palm Beach Community Bank8101 Okeechobee Boulevard, West Palm Beach, FL 33411April 07, 2008Full Service Brick and Mortar
    1492736Lake Worth Branch7300 Lake Worth Road, Lake Worth, FL 33467Febuary 01, 2009Full Service Brick and Mortar
    2521477West Palm Beach Branch8101 Okeechobee Blvd, West Palm Beach, FL 33411December 21, 2010Full Service Brick and Mortar
    3528021Palm Beach Gardens Branch3305 Northlake Boulevard, Palm Beach Gardens, FL 33410December 15, 2011Full Service Brick and Mortar

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