Plus International Bank in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Plus International Bank - Overview

  • General
  • FDIC Certificate #: 57083
    Status: Active
    Federal Reserve ID: 3049729
    Date Established: September 14, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 356991
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 14, 2001
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1000 Brickell Avenue, Suite 1100, Miami, FL 33131
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $87.8 mil
    Equity capital: $12.8 mil
    Deposits held in domestic offices: $74.6 mil
    Return on assets (ROA): 0.34% ($0.3 mil)
    Quarterly return on assets: 0.20% ($0.2 mil)
    Return on Equity (ROE): 2.75% ($0.4 mil)
    Quarterly return on equity: 1.41% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.54% ($474.2 mil)
    Quarterly Pretax return on assets: 0.37% ($324.9 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, 2011)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $87,806Total assets
  • $4,435Cash and due from depository institutions
  • $2,290Interest-bearing balances
  • $29,697Securities
  • $6,733Federal funds sold & reverse repurchase agreements
  • $44,014Net loans & leases
  • $348Loan loss allowance
  • $0Trading account assets
  • $102Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $87,806Life insurance assets
  • $2,825All other assets
  • $75,029Total liabilities and capital
  • $74,607Total liabilities
  • $66,240Total deposits
  • $74,607Interest-bearing deposits
  • $59Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $422Subordinated debt
  • $12,777All other liabilities
  • $12,777Total equity capital
  • $12,777Total bank equity capital
  • $0Perpetual preferred stock
  • $5,075Common stock
  • $5,071Surplus
  • $2,631Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $232Income earned, not collected on loans
  • $0Earning assets
  • $222Long-term assets (5+ years)
  • $82,734Average Assets, year-to-date
  • $26,294Average Assets, quarterly
  • $97,680Volatile liabilities
  • $90,433Insider loans
  • $37,162FHLB advances
  • $88,586Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,427Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $4,450Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,183Total interest income
  • $848Total interest expense
  • $4,335Net interest income
  • $607Provision for loan and lease losses
  • $90Total noninterest income
  • $0Fiduciary activities
  • $14Service charges on deposit accounts
  • $0Trading account gains & fees
  • $76Additional noninterest income
  • $3,409Total noninterest expense
  • $1,410Salaries and employee benefits
  • $369Premises and equipment expense
  • $1,630Additional noninterest expense
  • $409Pre-tax net operating income
  • $121Securities gains (losses)
  • $194Applicable income taxes
  • $336Income before extraordinary items
  • $0Extraordinary gains - net
  • $336Net income attributable to bank
  • $0Net charge-offs
  • $336Cash dividends
  • $638Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.62%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 4.70%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.34%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 2.75%Return on equity (ROE)
  • 2.75%Retained earnings to average equity (YTD only)
  • 1.28%Net charge-offs to loans
  • 95.14%Credit loss provision to net charge-offs
  • 1.59%Efficiency ratio
  • 77,040Assets per employee
  • 5.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.78%Loss allowance to noncurrent loans
  • 150.00%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 58.99%Net loans and leases to core deposits
  • 112.74%Equity capital to assets
  • 14.55%Core capital (leverage) ratio
  • 14.03%Tier 1 risk-based capital ratio
  • 33.44%Total risk-based capital ratio
  • Memoranda
  • $34Average assets
  • $97,680Average earning assets
  • $12,210Average equity
  • $92,287Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0356991Plus International Bank1000 Brickell Avenue, Suite 1100, Miami, FL 33131September 14, 2001Full Service Brick and Mortar

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