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

This bank is inactive as of December 05, 2005

  • Palm Beach County Bank in West Palm Beach, Florida (FL)
  • Show street view No street view available for this location

Palm Beach County Bank - Overview

  • General
  • FDIC Certificate #: 35211
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Commerce Bank, National Association (#21140)
    Federal Reserve ID: 2837189
    Date Established: September 13, 1999
    WWW: http://www.pbcbonline.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Interstate: No)
    FDIC's unique #: 76178
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 13, 1999
    Last Structure Change Effective Date: December 05, 2005
    Last Structure Change Process Date: Febuary 06, 2006
    Last Data Update: Febuary 06, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2130 Centrepark West Drive, West Palm Beach, FL 33409
    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)
  • Financial Summary
  • Total assets: $373.3 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, 2004)

  • Dollar figures in thousands
  • 67Total employees (full-time equivalent)
  • $306,527Total assets
  • $17,422Cash and due from depository institutions
  • $12,882Interest-bearing balances
  • $45,703Securities
  • $5,199Federal funds sold & reverse repurchase agreements
  • $226,786Net loans & leases
  • $1,838Loan loss allowance
  • $0Trading account assets
  • $6,883Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,534All other assets
  • $306,527Total liabilities and capital
  • $283,204Total liabilities
  • $236,890Total deposits
  • $202,390Interest-bearing deposits
  • $236,890Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,714Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $43,000Other borrowed funds
  • $0Subordinated debt
  • $600All other liabilities
  • $23,323Total equity capital
  • $23,323Total bank equity capital
  • $23,323Perpetual preferred stock
  • $0Common stock
  • $9,389Surplus
  • $7,715Undivided profits
  • Memoranda
  • $6,219Noncurrent loans and leases
  • $24,468Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $1,165Average Assets, year-to-date
  • $290,570Average Assets, quarterly
  • $67,202Volatile liabilities
  • $245,917Insider loans
  • $286,841FHLB advances
  • $34,235Loans and leases held for sale
  • $1,484Unused loan commitments
  • $43,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $24,468Total unused commitments
  • $0Restructured Loans and leases
  • $1,838Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $13,700Total interest income
  • $4,068Total interest expense
  • $9,632Net interest income
  • $540Provision for loan and lease losses
  • $552Total noninterest income
  • $0Fiduciary activities
  • $496Service charges on deposit accounts
  • $0Trading account gains & fees
  • $56Additional noninterest income
  • $6,617Total noninterest expense
  • $3,367Salaries and employee benefits
  • $1,604Premises and equipment expense
  • $1,646Additional noninterest expense
  • $3,027Pre-tax net operating income
  • $4Securities gains (losses)
  • $0Applicable income taxes
  • $3,031Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,031Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $763Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.91%Yield on earning assets
  • 1.75%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 17.12%Return on equity (ROE)
  • 12.81%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,974Assets per employee
  • 4.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.17%Loss allowance to loans
  • 0.80%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
  • 95.73%Net loans and leases to core deposits
  • 110.43%Equity capital to assets
  • 7.61%Core capital (leverage) ratio
  • 8.23%Tier 1 risk-based capital ratio
  • 11.54%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $245,917Average earning assets
  • $17,702Average equity
  • $231,860Average loans

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