Palm Beach Savings and Loan, FSA in West Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 08, 1995

  • Palm Beach Savings and Loan, FSA in West Palm Beach, Florida (FL)
  • Show street view No street view available for this location

Palm Beach Savings and Loan, FSA - Overview

  • General
  • FDIC Certificate #: 32338
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Bank of Florida (#28936)
    Federal Reserve ID: 790178
    Date Established: June 20, 1985
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8160
    FDIC's unique #: 45172
    Numeric code: 37
    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: June 20, 1985
    Last Structure Change Effective Date: December 08, 1995
    Last Structure Change Process Date: December 27, 1995
    Last Data Update: January 31, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 1818 South Australian Ave., Suite 400, 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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $114.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $34Total assets
  • $113,254Cash and due from depository institutions
  • $14,872Interest-bearing balances
  • $12,942Securities
  • $7,879Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $84,141Loan loss allowance
  • $899Trading account assets
  • $0Bank premises and fixed assets
  • $170Other real estate owned
  • $3,781Goodwill and other intangibles
  • $2,411Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $113,254Total liabilities
  • $107,264Total deposits
  • $99,447Interest-bearing deposits
  • $99,447Deposits held in domestic offices
  • 99447.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $1,088Trading liabilities
  • $0Other borrowed funds
  • $6,402Subordinated debt
  • $0All other liabilities
  • $327Total equity capital
  • $327Total bank equity capital
  • $5,990Perpetual preferred stock
  • $0Common stock
  • $4Surplus
  • $5,867Undivided profits
  • Memoranda
  • $119Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $497Income earned, not collected on loans
  • $588Earning assets
  • $104,962Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $116,421Average Assets, quarterly
  • $113,624Volatile liabilities
  • $14,614Insider loans
  • $12FHLB advances
  • $6,000Loans and leases held for sale
  • $0Unused loan commitments
  • $3,457Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,990Total risk weighted assets
  • $66,897Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,657Total interest expense
  • $4,380Net interest income
  • $3,277Provision for loan and lease losses
  • $300Total noninterest income
  • $382Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $382Total noninterest expense
  • $3,116Salaries and employee benefits
  • $1,289Premises and equipment expense
  • $736Additional noninterest expense
  • $1,091Pre-tax net operating income
  • $243Securities gains (losses)
  • $26Applicable income taxes
  • -$163Income before extraordinary items
  • $432Extraordinary gains - net
  • $0Net income attributable to bank
  • $432Net charge-offs
  • $269Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.02%Cost of funding earning assets
  • 4.02%Net interest margin
  • 3.00%Noninterest income to earning assets
  • 0.35%Noninterest expense to earning assets
  • 2.86%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.37%Pretax return on assets
  • 0.23%Return on equity (ROE)
  • 7.69%Retained earnings to average equity (YTD only)
  • 7.69%Net charge-offs to loans
  • 0.32%Credit loss provision to net charge-offs
  • 111.52%Efficiency ratio
  • 85,160Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 180.89%Noncurrent assets plus other real estate owned to assets
  • 3.78%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 84.61%Net loans and leases to core deposits
  • 91.14%Equity capital to assets
  • 5.29%Core capital (leverage) ratio
  • 5.29%Tier 1 risk-based capital ratio
  • 8.95%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $116,421Average earning assets
  • $5,619Average equity
  • $109,079Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Palm Beach Savings and Loan, FSA.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents