Palm Beach Federal Savings Association in Palm Beach Gardens, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 08, 1993

  • Palm Beach Federal Savings Association in Palm Beach Gardens, Florida (FL)
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Palm Beach Federal Savings Association - Overview

  • General
  • FDIC Certificate #: 33752
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: SouthBank, a Federal Savings Bank (#33848)
    Federal Reserve ID: 750471
    Date Established: December 08, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10589
    FDIC's unique #: 47961
    Numeric code: 38
    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: December 08, 1992
    Last Structure Change Effective Date: October 08, 1993
    Last Structure Change Process Date: October 18, 1993
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 10891 North Military Trail, Palm Beach Gardens, FL 33410
    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
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $40.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $16Total assets
  • $51,570Cash and due from depository institutions
  • $5,947Interest-bearing balances
  • $5,753Securities
  • $837Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $36,528Loan loss allowance
  • $10,255Trading account assets
  • $0Bank premises and fixed assets
  • $342Other real estate owned
  • $7,049Goodwill and other intangibles
  • $773Life insurance assets
  • $94All other assets
  • $0Total liabilities and capital
  • $51,570Total liabilities
  • $58,314Total deposits
  • $47,559Interest-bearing deposits
  • $47,189Deposits held in domestic offices
  • 47559.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $10,000Subordinated debt
  • $0All other liabilities
  • $755Total equity capital
  • $755Total bank equity capital
  • $-6,744Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-6,744Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $97Income earned, not collected on loans
  • $250Earning assets
  • $43,118Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $51,570Average Assets, quarterly
  • $51,570Volatile liabilities
  • $12,731Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-6,838Total risk weighted assets
  • $30,403Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $142Total interest expense
  • $147Net interest income
  • -$5Provision for loan and lease losses
  • $0Total noninterest income
  • $13Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $13Total noninterest expense
  • $92Salaries and employee benefits
  • $46Premises and equipment expense
  • $25Additional noninterest expense
  • $21Pre-tax net operating income
  • -$84Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$84Extraordinary gains - net
  • $0Net income attributable to bank
  • -$84Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • -$4,800Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 0.33%Cost of funding earning assets
  • 0.34%Net interest margin
  • -0.01%Noninterest income to earning assets
  • 0.03%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • -0.16%Return on assets (ROA)
  • -0.16%Pretax return on assets
  • -0.16%Return on equity (ROE)
  • 1.25%Retained earnings to average equity (YTD only)
  • 1.25%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 1,150,000Assets per employee
  • 3.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 21.92%Loss allowance to noncurrent loans
  • 10572.16%Noncurrent assets plus other real estate owned to assets
  • 12.34%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 76.81%Net loans and leases to core deposits
  • 81.48%Equity capital to assets
  • -13.08%Core capital (leverage) ratio
  • -13.28%Tier 1 risk-based capital ratio
  • -22.49%Total risk-based capital ratio
  • Memoranda
  • -$22Average assets
  • $51,570Average earning assets
  • -$6,744Average equity
  • $43,118Average loans

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