Peoples National Bank of Commerce, Miami in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 10, 1999

  • Peoples National Bank of Commerce, Miami in Miami, Florida (FL)
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Peoples National Bank of Commerce, Miami - Overview

  • General
  • FDIC Certificate #: 18147
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: OneUnited Bank (#23966)
    Federal Reserve ID: 999038
    Date Established: Febuary 04, 1960
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 11825
    FDIC's unique #: 12068
    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: Febuary 04, 1960
    Last Structure Change Effective Date: September 10, 1999
    Last Structure Change Process Date: September 16, 1999
    Last Data Update: September 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 3275 N.W. 79th Street, Miami, FL 33147
    County: Miami-Dade
    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): Miami, FL (#5000)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    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: Miami-Miami Beach-Kendall, FL (#33124)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $36.8 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $38,293Total assets
  • $2,272Cash and due from depository institutions
  • $31Interest-bearing balances
  • $8,597Securities
  • $6,194Federal funds sold & reverse repurchase agreements
  • $17,450Net loans & leases
  • $852Loan loss allowance
  • $0Trading account assets
  • $3,286Bank premises and fixed assets
  • $68Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $426All other assets
  • $38,293Total liabilities and capital
  • $37,614Total liabilities
  • $37,077Total deposits
  • $30,945Interest-bearing deposits
  • $37,077Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $537All other liabilities
  • $679Total equity capital
  • $679Total bank equity capital
  • $679Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $5,326Undivided profits
  • Memoranda
  • $-7,647Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,762Earning assets
  • $433Long-term assets (5+ years)
  • $194Average Assets, year-to-date
  • $32,272Average Assets, quarterly
  • $8,234Volatile liabilities
  • $43,442Insider loans
  • $38,606FHLB advances
  • $4,403Loans and leases held for sale
  • $346Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $465Total unused commitments
  • $0Restructured Loans and leases
  • $21,833Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $3,115Total interest income
  • $1,299Total interest expense
  • $1,816Net interest income
  • $806Provision for loan and lease losses
  • $792Total noninterest income
  • $0Fiduciary activities
  • $705Service charges on deposit accounts
  • $0Trading account gains & fees
  • $87Additional noninterest income
  • $5,226Total noninterest expense
  • $1,263Salaries and employee benefits
  • $933Premises and equipment expense
  • $3,030Additional noninterest expense
  • -$3,424Pre-tax net operating income
  • -$11Securities gains (losses)
  • -$68Applicable income taxes
  • -$3,367Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,367Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,079Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.64%Yield on earning assets
  • 3.60%Cost of funding earning assets
  • 5.04%Net interest margin
  • 2.20%Noninterest income to earning assets
  • 14.49%Noninterest expense to earning assets
  • -7.73%Net operating income to assets
  • -7.75%Return on assets (ROA)
  • -7.91%Pretax return on assets
  • -205.86%Return on equity (ROE)
  • -205.86%Retained earnings to average equity (YTD only)
  • 4.70%Net charge-offs to loans
  • 74.70%Credit loss provision to net charge-offs
  • -2.43%Efficiency ratio
  • 165,874Assets per employee
  • 1.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.66%Loss allowance to noncurrent loans
  • 48.35%Noncurrent assets plus other real estate owned to assets
  • 4.78%Noncurrent loans to loans
  • 9.63%Net loans and leases to deposits
  • 47.06%Net loans and leases to core deposits
  • 53.41%Equity capital to assets
  • 1.77%Core capital (leverage) ratio
  • 2.05%Tier 1 risk-based capital ratio
  • 3.67%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $43,442Average earning assets
  • $1,636Average equity
  • $36,064Average loans

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