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
    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

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 Palm Beach County 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