Regent Bank in Davie, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Regent Bank - Overview

  • General
  • FDIC Certificate #: 26713
    Status: Active
    Federal Reserve ID: 1008731
    Bank Holding Company (Regulatory Top Holder): Regent Bancorp, Inc. (RSSDID: 2891006, Location: Davie, FL)
    Date Established: July 11, 1986
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 9446
    FDIC's unique #: 35789
    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: July 11, 1986
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2205 South University Drive, Davie, FL 33324
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $429.3 mil
    Equity capital: $41.6 mil
    Deposits held in domestic offices: $364.2 mil
    Return on assets (ROA): -1.17% (-$5.0 mil)
    Quarterly return on assets: 0.82% ($3.5 mil)
    Return on Equity (ROE): -13.32% (-$5.6 mil)
    Quarterly return on equity: 9.27% ($3.9 mil)
    Net income: -$5.4 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: -1.95% (-$8,370.7 mil)
    Quarterly Pretax return on assets: 0.03% ($128.8 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, 2011)

  • Dollar figures in thousands
  • 93Total employees (full-time equivalent)
  • $429,268Total assets
  • $5,947Cash and due from depository institutions
  • $1,342Interest-bearing balances
  • $28,478Securities
  • $1,716Federal funds sold & reverse repurchase agreements
  • $345,064Net loans & leases
  • $6,665Loan loss allowance
  • $0Trading account assets
  • $14,253Bank premises and fixed assets
  • $9,628Other real estate owned
  • $0Goodwill and other intangibles
  • $429,268Life insurance assets
  • $24,182All other assets
  • $387,713Total liabilities and capital
  • $364,209Total liabilities
  • $283,821Total deposits
  • $364,209Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,000Trading liabilities
  • $0Other borrowed funds
  • $5,504Subordinated debt
  • $41,555All other liabilities
  • $41,555Total equity capital
  • $41,555Total bank equity capital
  • $0Perpetual preferred stock
  • $2,663Common stock
  • $35,434Surplus
  • $3,458Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,323Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $22,013Income earned, not collected on loans
  • $0Earning assets
  • $2,170Long-term assets (5+ years)
  • $376,600Average Assets, year-to-date
  • $70,839Average Assets, quarterly
  • $459,388Volatile liabilities
  • $436,192Insider loans
  • $346,273FHLB advances
  • $429,580Loans and leases held for sale
  • $11,376Unused loan commitments
  • $6,041Tier 1 (core) risk-based capital
  • $34,240Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,335Total unused commitments
  • $31,984Restructured Loans and leases
  • $6,343Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,156Total interest income
  • $3,735Total interest expense
  • $17,421Net interest income
  • $8,344Provision for loan and lease losses
  • -$2,208Total noninterest income
  • $0Fiduciary activities
  • $1,038Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$3,246Additional noninterest income
  • $15,886Total noninterest expense
  • $8,192Salaries and employee benefits
  • $1,601Premises and equipment expense
  • $6,093Additional noninterest expense
  • -$9,017Pre-tax net operating income
  • $68Securities gains (losses)
  • -$3,586Applicable income taxes
  • -$5,363Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,363Net income attributable to bank
  • $0Net charge-offs
  • -$5,363Cash dividends
  • $7,760Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 4.32%Net interest margin
  • -0.55%Noninterest income to earning assets
  • 3.94%Noninterest expense to earning assets
  • -1.18%Net operating income to assets
  • -1.17%Return on assets (ROA)
  • -1.95%Pretax return on assets
  • -13.32%Return on equity (ROE)
  • -13.32%Retained earnings to average equity (YTD only)
  • 2.13%Net charge-offs to loans
  • 107.53%Credit loss provision to net charge-offs
  • -0.09%Efficiency ratio
  • 104,424Assets per employee
  • 4.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 30.28%Noncurrent assets plus other real estate owned to assets
  • 7.37%Noncurrent loans to loans
  • 6.26%Net loans and leases to deposits
  • 94.74%Net loans and leases to core deposits
  • 111.99%Equity capital to assets
  • 9.68%Core capital (leverage) ratio
  • 7.97%Tier 1 risk-based capital ratio
  • 9.89%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $459,388Average earning assets
  • $40,270Average equity
  • $403,472Average loans

List of branches

  • 6 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035789Regent Bank2205 South University Drive, Davie, FL 33324July 11, 1986Full Service Brick and Mortar
    1260019Southeast Third Avenue Branch1100 Southeast Third Avenue, Fort Lauderdale, FL 33315July 24, 1997Full Service Brick and Mortar
    2260020Boca Raton Branch5255 North Federal Highway, Boca Raton, FL 33487January 26, 1999Full Service Brick and Mortar
    3363095Palm Beach Lakes Branch1572 Palm Beach Lakes Boulevard, West Palm Beach, FL 33401December 17, 2001Full Service Brick and Mortar
    5441782Palm Beach Office Branch44 Cocoanut Row #l-102, Palm Beach, FL 33480December 20, 2004Full Service Brick and Mortar
    6444998Pompano Beach Branch1540 South Federal Highway, Pompano Beach, FL 33062October 13, 2005Full Service Brick and Mortar

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