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)
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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
  • 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

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