Sabadell United Bank, National Association in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Sabadell United Bank, National Association in Miami, Florida (FL)
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Sabadell United Bank, National Association - Overview

  • General
  • FDIC Certificate #: 21837
    Status: Active
    Federal Reserve ID: 53033
    Bank Holding Company (Regulatory Top Holder): Banco De Sabadell, S.A. (RSSDID: 1981384, Location: Sabadell)
    Date Established: November 25, 1974
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 29 (Domestic: 29, Interstate: No)
    FDIC's unique #: 15127
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 25, 1974
    Last Structure Change Effective Date: August 19, 2011
    Last Structure Change Process Date: August 22, 2011
    Last Data Update: August 22, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1111 Brickell Avenue, Miami, FL 33131
    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
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $3,505.5 mil
    Equity capital: $442.2 mil
    Deposits held in domestic offices: $2,636.9 mil
    Return on assets (ROA): 0.63% ($22.1 mil)
    Quarterly return on assets: 0.75% ($26.3 mil)
    Return on Equity (ROE): 5.84% ($25.8 mil)
    Quarterly return on equity: 6.10% ($27.0 mil)
    Net income: $18.1 mil
    Quarterly Net income: $6.7 mil
    Pretax return on assets: 1.00% ($35,054.6 mil)
    Quarterly Pretax return on assets: 1.18% ($41,364.4 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
  • 533Total employees (full-time equivalent)
  • $3,505,458Total assets
  • $407,464Cash and due from depository institutions
  • $382,594Interest-bearing balances
  • $772,781Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,950,426Net loans & leases
  • $27,099Loan loss allowance
  • $0Trading account assets
  • $15,481Bank premises and fixed assets
  • $20,454Other real estate owned
  • $87,063Goodwill and other intangibles
  • $3,505,458Life insurance assets
  • $251,789All other assets
  • $3,063,175Total liabilities and capital
  • $2,636,899Total liabilities
  • $2,115,829Total deposits
  • $2,636,899Interest-bearing deposits
  • $61Deposits held in domestic offices
  • 206548.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $195,303Trading liabilities
  • $0Other borrowed funds
  • $24,425Subordinated debt
  • $442,283All other liabilities
  • $442,190Total equity capital
  • $442,190Total bank equity capital
  • $0Perpetual preferred stock
  • $3,585Common stock
  • $533,944Surplus
  • $-95,339Undivided profits
  • Memoranda
  • $93Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $126,920Income earned, not collected on loans
  • $0Earning assets
  • $11,645Long-term assets (5+ years)
  • $3,105,801Average Assets, year-to-date
  • $683,579Average Assets, quarterly
  • $2,867,969Volatile liabilities
  • $3,588,354Insider loans
  • $1,976,517FHLB advances
  • $3,562,523Loans and leases held for sale
  • $6,670Unused loan commitments
  • $6,670Tier 1 (core) risk-based capital
  • $352,863Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $330,581Restructured Loans and leases
  • $5,400Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $106,065Total interest income
  • $12,260Total interest expense
  • $93,805Net interest income
  • $7,768Provision for loan and lease losses
  • $16,967Total noninterest income
  • $1,970Fiduciary activities
  • $4,012Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,985Additional noninterest income
  • $77,015Total noninterest expense
  • $41,215Salaries and employee benefits
  • $10,735Premises and equipment expense
  • $25,065Additional noninterest expense
  • $25,989Pre-tax net operating income
  • $2,744Securities gains (losses)
  • $10,610Applicable income taxes
  • $18,123Income before extraordinary items
  • $0Extraordinary gains - net
  • $18,123Net income attributable to bank
  • $0Net charge-offs
  • $18,123Cash dividends
  • $3,943Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.07%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 5.84%Return on equity (ROE)
  • 5.84%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 197.01%Credit loss provision to net charge-offs
  • 8.56%Efficiency ratio
  • 66,165Assets per employee
  • 6.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 21.35%Noncurrent assets plus other real estate owned to assets
  • 4.20%Noncurrent loans to loans
  • 6.42%Net loans and leases to deposits
  • 73.97%Net loans and leases to core deposits
  • 80.62%Equity capital to assets
  • 12.61%Core capital (leverage) ratio
  • 9.90%Tier 1 risk-based capital ratio
  • 17.85%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $2,867,969Average earning assets
  • $310,536Average equity
  • $2,603,885Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $951,780Managed Assets
  • 1Number of Accounts
  • $951,780Personal trust and agency accounts
  • $225,456Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $726,324Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1274Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 28 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015127Sabadell United Bank, National Association1111 Brickell Avenue, Miami, FL 33131November 25, 1974Full Service Brick and Mortar
    1253581Hialeah Banking Center Branch1751 West 49th Street, Hialeah, FL 33012October 30, 1978Full Service Brick and Mortar
    2253582Downtown Banking Center Branch44 West Flagler Street, Miami, FL 33130April 02, 1979Full Service Brick and Mortar
    3253583Doral Banking Center Branch3275 Nw 87th Avenue, Miami, FL 33172August 22, 1979Full Service Brick and Mortar
    4253584Aventura Banking Center Branch18841 Northeast 29th Avenue, Aventura, FL 33180December 01, 1980Full Service Brick and Mortar
    5253585Biscayne Tower Banking Center BranchTwo South Biscayne Boulevard, Miami, FL 33131April 20, 1981Full Service Brick and Mortar
    6253586Miami Lakes Banking Center Branch5901 Miami Lakes Drive East, Miami Lakes, FL 33014April 19, 1982Full Service Brick and Mortar
    7253587Datran Banking Center Branch9100 South Dadeland Boulevard, Miami, FL 33156December 18, 1985Full Service Brick and Mortar
    8253588Coral Gables Branch2109 Ponce De Leon Boulevard, Coral Gables, FL 33134April 02, 1989Full Service Brick and Mortar
    9253589West Palm Beach Branch1645 Palm Beach Lakes Boulevard, West Palm Beach, FL 33401November 07, 1990Full Service Brick and Mortar
    10253590Miami/W. Palm Beach Bkng Ctr Branch1399 S.W. First Avenue, Miami, FL 33130August 11, 1993Limited Service Messenger
    11253591Messenger Service Branch5901 Miami Lakes Drive, Miami Lakes, FL 33014August 11, 1993Limited Service Messenger
    12253592Fort Lauderdale Branch110 S.E. Sixth Street, Fort Lauderdale, FL 33301April 03, 1995Full Service Brick and Mortar
    13253593Miami Beach Branch1688 Meridian Avenue, Miami Beach, FL 33139September 21, 1998Full Service Brick and Mortar
    15253595Messenger Service BranchServicing Counties Of Palm Bch, Broward, & Miami-Dade, Miami, FL 33101December 06, 1999Limited Service Messenger
    17253597Boca Raton Branch1801 North Military Trail, Boca Raton, FL 33431Febuary 06, 1999Full Service Brick and Mortar
    18420247Brickell Banking Center Branch1399 Southwest First Avenue, Miami, FL 33130March 17, 2003Full Service Brick and Mortar
    19424655Plantation Branch150 South Pine Island Road, Suite 100, Plantation, FL 33324December 22, 2003Full Service Brick and Mortar
    22258067Coral Gables Branch1500 San Remo Avenue, Coral Gables, FL 33146July 03, 1989Full Service Brick and Mortar
    23258069Douglas Road Branch102 N W 37th Avenue, Miami, FL 33125October 10, 1995Full Service Brick and Mortar
    24258070Bird Road Branch11401 S.W. 40th Street, Miami, FL 33165April 01, 1996Full Service Brick and Mortar
    25258071North Miami Branch12700 Biscayne Boulevard, North Miami, FL 33181September 01, 1996Full Service Brick and Mortar
    2878818Lydian Private Bank Branh180 Royal Palm Way, Palm Beach, FL 33480April 06, 2000Full Service Brick and Mortar
    29468647Virtualbank Branch3801 Pga Blvd, Palm Beach Gardens, FL 33410April 06, 2000Full Service Cyber
    30468648Tampa Branch701 North Franklin Street, Tampa, FL 33602March 06, 2006Full Service Brick and Mortar
    31468649North Palm Beach Branch2000 Pga Blvd, North Palm Beach, FL 33408April 02, 2007Full Service Brick and Mortar
    32492570Sarasota Branch783 South Orange Avenue, Sarasota, FL 34236April 14, 2008Full Service Brick and Mortar
    34521977Naples Branch1415 Panther Lane, Suite 110, Naples, FL 34109Febuary 01, 2010Limited Service Trust

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