Ready State Bank in Hialeah, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1998

  • Ready State Bank in Hialeah, Florida (FL)
  • Show street view No street view available for this location

Ready State Bank - Overview

  • General
  • FDIC Certificate #: 24795
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Union Planters Bank, National Association (#4979)
    Federal Reserve ID: 163035
    Date Established: November 10, 1983
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Interstate: No)
    FDIC's unique #: 17202
    Numeric code: 21
    Regulator: FDIC
    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: November 10, 1983
    Last Structure Change Effective Date: December 31, 1998
    Last Structure Change Process Date: January 14, 1999
    Last Data Update: September 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 3700 West 12th Avenue, Hialeah, FL 33012
    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)
  • Financial Summary
  • Total assets: $611.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 285Total employees (full-time equivalent)
  • $564,427Total assets
  • $22,146Cash and due from depository institutions
  • $0Interest-bearing balances
  • $219,294Securities
  • $26,600Federal funds sold & reverse repurchase agreements
  • $283,838Net loans & leases
  • $4,200Loan loss allowance
  • $0Trading account assets
  • $5,733Bank premises and fixed assets
  • $478Other real estate owned
  • $176Goodwill and other intangibles
  • $0Life insurance assets
  • $6,162All other assets
  • $564,427Total liabilities and capital
  • $514,417Total liabilities
  • $509,932Total deposits
  • $414,607Interest-bearing deposits
  • $509,932Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,660Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,825All other liabilities
  • $50,010Total equity capital
  • $50,010Total bank equity capital
  • $50,010Perpetual preferred stock
  • $0Common stock
  • $3,992Surplus
  • $30,000Undivided profits
  • Memoranda
  • $16,018Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,232Earning assets
  • $0Long-term assets (5+ years)
  • $1,569Average Assets, year-to-date
  • $529,732Average Assets, quarterly
  • $49,281Volatile liabilities
  • $514,584Insider loans
  • $543,888FHLB advances
  • $148,516Loans and leases held for sale
  • $24,279Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $109,036Total unused commitments
  • $0Restructured Loans and leases
  • $331,961Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $40,647Total interest income
  • $18,418Total interest expense
  • $22,229Net interest income
  • $675Provision for loan and lease losses
  • $6,894Total noninterest income
  • $0Fiduciary activities
  • $5,919Service charges on deposit accounts
  • $0Trading account gains & fees
  • $975Additional noninterest income
  • $15,843Total noninterest expense
  • $9,211Salaries and employee benefits
  • $2,948Premises and equipment expense
  • $3,684Additional noninterest expense
  • $12,605Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,829Applicable income taxes
  • $7,776Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,776Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $568Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.44%Yield on earning assets
  • 3.82%Cost of funding earning assets
  • 4.61%Net interest margin
  • 1.43%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • 1.51%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 2.45%Pretax return on assets
  • 16.85%Return on equity (ROE)
  • 16.85%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 118.84%Credit loss provision to net charge-offs
  • 23.38%Efficiency ratio
  • 54,235Assets per employee
  • 1.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 99.24%Noncurrent assets plus other real estate owned to assets
  • 0.83%Noncurrent loans to loans
  • 1.47%Net loans and leases to deposits
  • 55.66%Net loans and leases to core deposits
  • 78.18%Equity capital to assets
  • 8.86%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 14.99%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $514,584Average earning assets
  • $46,153Average equity
  • $481,712Average loans

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