Professional Bank in Coral Gables, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Professional Bank - Overview

  • General
  • FDIC Certificate #: 58862
    Status: Active
    Federal Reserve ID: 3816510
    Date Established: September 08, 2008
    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 #: 471112
    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 08, 2008
    Last Structure Change Effective Date: September 08, 2008
    Last Structure Change Process Date: September 09, 2008
    Last Data Update: September 09, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1567 San Remo Avenue, Coral Gables, FL 33146
    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
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $138.4 mil
    Equity capital: $14.2 mil
    Deposits held in domestic offices: $113.6 mil
    Return on assets (ROA): 0.44% ($0.6 mil)
    Quarterly return on assets: 0.37% ($0.5 mil)
    Return on Equity (ROE): 4.13% ($0.6 mil)
    Quarterly return on equity: 3.52% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.44% ($608.9 mil)
    Quarterly Pretax return on assets: 0.37% ($512.0 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
  • 21Total employees (full-time equivalent)
  • $138,381Total assets
  • $12,050Cash and due from depository institutions
  • $9,521Interest-bearing balances
  • $45,891Securities
  • $727Federal funds sold & reverse repurchase agreements
  • $77,463Net loans & leases
  • $1,361Loan loss allowance
  • $0Trading account assets
  • $856Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $138,381Life insurance assets
  • $1,394All other assets
  • $124,175Total liabilities and capital
  • $113,558Total liabilities
  • $88,572Total deposits
  • $113,558Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $617Subordinated debt
  • $14,206All other liabilities
  • $14,206Total equity capital
  • $14,206Total bank equity capital
  • $0Perpetual preferred stock
  • $9,472Common stock
  • $9,624Surplus
  • $-4,890Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,123Income earned, not collected on loans
  • $0Earning assets
  • $417Long-term assets (5+ years)
  • $133,602Average Assets, year-to-date
  • $51,383Average Assets, quarterly
  • $127,125Volatile liabilities
  • $135,526Insider loans
  • $84,757FHLB advances
  • $135,803Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,768Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,128Restructured Loans and leases
  • $530Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,216Total interest income
  • $985Total interest expense
  • $4,231Net interest income
  • $10Provision for loan and lease losses
  • $127Total noninterest income
  • $0Fiduciary activities
  • $95Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $3,791Total noninterest expense
  • $1,826Salaries and employee benefits
  • $575Premises and equipment expense
  • $1,390Additional noninterest expense
  • $557Pre-tax net operating income
  • $6Securities gains (losses)
  • $0Applicable income taxes
  • $563Income before extraordinary items
  • $0Extraordinary gains - net
  • $563Net income attributable to bank
  • $0Net charge-offs
  • $563Cash dividends
  • $82Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.25%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 3.09%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 4.13%Return on equity (ROE)
  • 4.13%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 12.20%Credit loss provision to net charge-offs
  • 6.91%Efficiency ratio
  • 86,209Assets per employee
  • 6.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 121.19%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 1.42%Net loans and leases to deposits
  • 68.21%Net loans and leases to core deposits
  • 73.19%Equity capital to assets
  • 10.27%Core capital (leverage) ratio
  • 10.14%Tier 1 risk-based capital ratio
  • 16.24%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $127,125Average earning assets
  • $13,634Average equity
  • $122,754Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0471112Professional Bank1567 San Remo Avenue, Coral Gables, FL 33146September 08, 2008Full Service Brick and Mortar

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