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)
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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
    WWW: http://www.pcbsofl.com
    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

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