Palm Beach National Bank & Trust Company in Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 18, 2002

  • Palm Beach National Bank & Trust Company in Palm Beach, Florida (FL)
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Palm Beach National Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 21051
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 365138
    Date Established: April 24, 1973
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Interstate: No)
    OTS Docket #: 13332
    FDIC's unique #: 14550
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 24, 1973
    Last Structure Change Effective Date: October 18, 2002
    Last Structure Change Process Date: January 10, 2003
    Last Data Update: January 10, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 125 Worth Avenue, Palm Beach, FL 33480
    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: $360.5 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, 2001)

  • Dollar figures in thousands
  • 115Total employees (full-time equivalent)
  • $338,586Total assets
  • $18,392Cash and due from depository institutions
  • $206Interest-bearing balances
  • $16,504Securities
  • $9,683Federal funds sold & reverse repurchase agreements
  • $284,251Net loans & leases
  • $3,413Loan loss allowance
  • $0Trading account assets
  • $3,613Bank premises and fixed assets
  • $144Other real estate owned
  • $10Goodwill and other intangibles
  • $0Life insurance assets
  • $5,989All other assets
  • $338,586Total liabilities and capital
  • $305,539Total liabilities
  • $299,634Total deposits
  • $204,113Interest-bearing deposits
  • $299,634Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,000Other borrowed funds
  • $0Subordinated debt
  • $905All other liabilities
  • $33,047Total equity capital
  • $33,047Total bank equity capital
  • $33,047Perpetual preferred stock
  • $0Common stock
  • $7,312Surplus
  • $12,048Undivided profits
  • Memoranda
  • $13,687Noncurrent loans and leases
  • $60,675Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,387Earning assets
  • $1,690Long-term assets (5+ years)
  • $1,187Average Assets, year-to-date
  • $310,644Average Assets, quarterly
  • $34,336Volatile liabilities
  • $330,283Insider loans
  • $326,684FHLB advances
  • $38,884Loans and leases held for sale
  • $3,485Unused loan commitments
  • $5,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $60,675Total unused commitments
  • $0Restructured Loans and leases
  • $3,413Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $23,753Total interest income
  • $7,552Total interest expense
  • $16,201Net interest income
  • $876Provision for loan and lease losses
  • $3,259Total noninterest income
  • $1,362Fiduciary activities
  • $1,100Service charges on deposit accounts
  • $0Trading account gains & fees
  • $797Additional noninterest income
  • $13,601Total noninterest expense
  • $7,013Salaries and employee benefits
  • $2,433Premises and equipment expense
  • $4,155Additional noninterest expense
  • $4,983Pre-tax net operating income
  • $47Securities gains (losses)
  • $1,862Applicable income taxes
  • $3,168Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,168Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $375Sale, conversion, retirement of capital stock, net
  • $405Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.81%Yield on earning assets
  • 2.48%Cost of funding earning assets
  • 5.33%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 4.47%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 10.21%Return on equity (ROE)
  • 8.90%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 233.60%Credit loss provision to net charge-offs
  • 15.62%Efficiency ratio
  • 69,892Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.78%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 77.80%Noncurrent assets plus other real estate owned to assets
  • 1.34%Noncurrent loans to loans
  • 1.53%Net loans and leases to deposits
  • 94.87%Net loans and leases to core deposits
  • 106.96%Equity capital to assets
  • 9.76%Core capital (leverage) ratio
  • 10.20%Tier 1 risk-based capital ratio
  • 11.23%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $330,283Average earning assets
  • $31,042Average equity
  • $304,204Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $339,154Managed Assets
  • 1Number of Accounts
  • $246,954Personal trust and agency accounts
  • $88,519Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,341Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $157,094Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 476Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $92,200Other retirement accounts
  • $13,701Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $12,424Fiduciary accounts held in foreign offices

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