Prime Bank in Boynton Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 28, 1996

  • Prime Bank in Boynton Beach, Florida (FL)
  • Show street view No street view available for this location

Prime Bank - Overview

  • General
  • FDIC Certificate #: 26262
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank of Florida, National Association (#21679)
    Federal Reserve ID: 111036
    Date Established: June 03, 1985
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 32620
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 03, 1985
    Last Structure Change Effective Date: June 28, 1996
    Last Structure Change Process Date: July 08, 1996
    Last Data Update: July 08, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 3717 Boynton Beach Boulevard, Boynton Beach, FL 33435
    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)
  • Financial Summary
  • Total assets: $82.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $48Total assets
  • $88,707Cash and due from depository institutions
  • $2,927Interest-bearing balances
  • $0Securities
  • $19,816Federal funds sold & reverse repurchase agreements
  • $6,675Net loans & leases
  • $57,744Loan loss allowance
  • $700Trading account assets
  • $0Bank premises and fixed assets
  • $533Other real estate owned
  • $93Goodwill and other intangibles
  • $919Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $88,707Total liabilities
  • $82,269Total deposits
  • $81,158Interest-bearing deposits
  • $65,149Deposits held in domestic offices
  • 81158.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,111Total equity capital
  • $1,111Total bank equity capital
  • $6,438Perpetual preferred stock
  • $0Common stock
  • $2,719Surplus
  • $2,409Undivided profits
  • Memoranda
  • $1,310Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $396Earning assets
  • $84,235Long-term assets (5+ years)
  • $5,236Average Assets, year-to-date
  • $83,691Average Assets, quarterly
  • $86,143Volatile liabilities
  • $2,479Insider loans
  • $99FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $11,472Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,400Total risk weighted assets
  • $55,991Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,051Total interest expense
  • $2,963Net interest income
  • $4,088Provision for loan and lease losses
  • $45Total noninterest income
  • $697Fiduciary activities
  • $0Service charges on deposit accounts
  • $343Trading account gains & fees
  • $0Additional noninterest income
  • $354Total noninterest expense
  • $3,246Salaries and employee benefits
  • $1,748Premises and equipment expense
  • $618Additional noninterest expense
  • $880Pre-tax net operating income
  • $1,494Securities gains (losses)
  • $0Applicable income taxes
  • $511Income before extraordinary items
  • $983Extraordinary gains - net
  • $0Net income attributable to bank
  • $983Net charge-offs
  • $61Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.94%Cost of funding earning assets
  • 3.76%Net interest margin
  • 5.18%Noninterest income to earning assets
  • 0.88%Noninterest expense to earning assets
  • 4.12%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 1.79%Return on equity (ROE)
  • 16.78%Retained earnings to average equity (YTD only)
  • 16.78%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 73.77%Efficiency ratio
  • 67,837Assets per employee
  • 1.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 71.15%Net loans and leases to core deposits
  • 73.39%Equity capital to assets
  • 7.26%Core capital (leverage) ratio
  • 7.34%Tier 1 risk-based capital ratio
  • 11.43%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $83,691Average earning assets
  • $5,860Average equity
  • $78,860Average loans

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