Regent Bank in Davie, Florida (FL)

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Regent Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)93
Total assets$429,268
Cash and due from depository institutions$5,947
Interest-bearing balances$1,342
Federal funds sold & reverse repurchase agreements$1,716
Net loans & leases$345,064
Loan loss allowance $6,665
Trading account assets$0
Bank premises and fixed assets$14,253
Other real estate owned$9,628
Goodwill and other intangibles$0
All other assets$24,182
Life insurance assets$429,268
Total liabilities and capital$387,713
Total liabilities$364,209
Total deposits$283,821
Interest-bearing deposits$364,209
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$18,000
Other borrowed funds $0
Subordinated debt $5,504
All other liabilities $41,555
Total equity capital$41,555
Total bank equity capital$41,555
Perpetual preferred stock$0
Common stock$2,663
Undivided profits $3,458
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,323
Income earned, not collected on loans $22,013
Earning assets $0
Long-term assets (5+ years) $2,170
Average Assets, year-to-date $376,600
Average Assets, quarterly $70,839
Volatile liabilities $459,388
Insider loans $436,192
FHLB advances $346,273
Loans and leases held for sale $429,580
Unused loan commitments $11,376
Tier 1 (core) risk-based capital $6,041
Tier 2 risk-based capital $34,240
Total risk weighted assets $0
Total unused commitments $5,335
Restructured Loans and leases $31,984
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $21,156
Total interest expense $3,735
Net interest income $17,421
Provision for loan and lease losses $8,344
Total noninterest income -$2,208
Fiduciary activities $0
Service charges on deposit accounts $1,038
Trading account gains & fees $0
Additional noninterest income -$3,246
Total noninterest expense $15,886
Salaries and employee benefits $8,192
Premises and equipment expense $1,601
Additional noninterest expense $6,093
Pre-tax net operating income -$9,017
Securities gains (losses) $68
Applicable income taxes -$3,586
Income before extraordinary items -$5,363
Extraordinary gains - net $0
Net income attributable to bank -$5,363
Net charge-offs $0
Cash dividends -$5,363
Sale, conversion, retirement of capital stock, net $7,760
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.24%
Cost of funding earning assets 0.93%
Net interest margin 4.32%
Noninterest income to earning assets -0.55%
Noninterest expense to earning assets 3.94%
Net operating income to assets -1.18%
Return on assets (ROA) -1.17%
Pretax return on assets -1.95%
Return on equity (ROE) -13.32%
Retained earnings to average equity (YTD only) -13.32%
Net charge-offs to loans 2.13%
Credit loss provision to net charge-offs 107.53%
Efficiency ratio-0.09%
Assets per employee$104,424
Cash dividends to net income (YTD only)4.62%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.89%
Noncurrent assets plus other real estate owned to assets 30.28%
Noncurrent loans to loans 7.37%
Net loans and leases to deposits6.26%
Net loans and leases to core deposits 94.74%
Equity capital to assets 111.99%
Core capital (leverage) ratio 9.68%
Tier 1 risk-based capital ratio 7.97%
Total risk-based capital ratio 9.89%
Average assets$11
Average earning assets$459,388
Average equity $40,270
Average loans $403,472
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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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