Premier Community Bank of South Florida in Fort Lauderdale, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 13, 2004

  • Premier Community Bank of South Florida in Fort Lauderdale, Florida (FL)
  • Show street view No street view available for this location

Premier Community Bank of South Florida - Overview

  • General
  • FDIC Certificate #: 27193
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Union State Bank (#5602)
    Federal Reserve ID: 1168439
    Date Established: March 07, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 13113
    FDIC's unique #: 39094
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 07, 1988
    Last Structure Change Effective Date: August 13, 2004
    Last Structure Change Process Date: September 23, 2004
    Last Data Update: September 23, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1451 N.W. 62nd Street, Suite 212, Fort Lauderdale, FL 33309
    County: Broward
    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): Fort Lauderdale, FL (#2680)
    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: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
  • Financial Summary
  • Total assets: $114.1 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, 2003)

  • Dollar figures in thousands
  • 39Total employees (full-time equivalent)
  • $114,802Total assets
  • $3,816Cash and due from depository institutions
  • $29Interest-bearing balances
  • $15,813Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $87,482Net loans & leases
  • $1,322Loan loss allowance
  • $0Trading account assets
  • $533Bank premises and fixed assets
  • $0Other real estate owned
  • $4,015Goodwill and other intangibles
  • $0Life insurance assets
  • $3,143All other assets
  • $114,802Total liabilities and capital
  • $101,111Total liabilities
  • $78,629Total deposits
  • $60,686Interest-bearing deposits
  • $78,629Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $14,498Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,300Other borrowed funds
  • $0Subordinated debt
  • $684All other liabilities
  • $13,691Total equity capital
  • $13,691Total bank equity capital
  • $13,691Perpetual preferred stock
  • $0Common stock
  • $3,728Surplus
  • $9,414Undivided profits
  • Memoranda
  • $549Noncurrent loans and leases
  • $5,703Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $426Average Assets, year-to-date
  • $103,324Average Assets, quarterly
  • $12,176Volatile liabilities
  • $108,649Insider loans
  • $110,953FHLB advances
  • $30,939Loans and leases held for sale
  • $0Unused loan commitments
  • $7,300Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,703Total unused commitments
  • $0Restructured Loans and leases
  • $1,089Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $6,086Total interest income
  • $1,185Total interest expense
  • $4,901Net interest income
  • $180Provision for loan and lease losses
  • $865Total noninterest income
  • $0Fiduciary activities
  • $563Service charges on deposit accounts
  • $0Trading account gains & fees
  • $302Additional noninterest income
  • $4,596Total noninterest expense
  • $2,237Salaries and employee benefits
  • $982Premises and equipment expense
  • $1,377Additional noninterest expense
  • $990Pre-tax net operating income
  • $5Securities gains (losses)
  • $371Applicable income taxes
  • $624Income before extraordinary items
  • $0Extraordinary gains - net
  • $624Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $385Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.35%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 5.11%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 4.80%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 4.74%Return on equity (ROE)
  • 4.74%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 46.75%Credit loss provision to net charge-offs
  • 3.04%Efficiency ratio
  • 76,639Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 111.26%Net loans and leases to core deposits
  • 140.67%Equity capital to assets
  • 11.93%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 9.42%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $108,649Average earning assets
  • $13,152Average equity
  • $95,834Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Premier Community Bank of South Florida.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents