SouthBank, a Federal Savings Bank in Palm Beach Gardens, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • SouthBank, a Federal Savings Bank in Palm Beach Gardens, Florida (FL)
  • Show street view No street view available for this location

SouthBank, a Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33848
    Status: Active
    Federal Reserve ID: 2111508
    Date Established: October 08, 1993
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 11351
    FDIC's unique #: 48156
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: October 08, 1993
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 10891 North Military Trail, Palm Beach Gardens, FL 33410
    County: Palm Beach
    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): West Palm Beach-Boca Raton, FL (#8960)
    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: West Palm Beach-Boca Raton-Boynton Beach, FL (#48424)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $22.8 mil
    Equity capital: $1.9 mil
    Deposits held in domestic offices: $19.7 mil
    Return on assets (ROA): -0.41% (-$0.1 mil)
    Quarterly return on assets: -1.65% (-$0.4 mil)
    Return on Equity (ROE): -5.30% (-$0.1 mil)
    Quarterly return on equity: -20.18% (-$0.4 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.41% (-$93.4 mil)
    Quarterly Pretax return on assets: -1.65% (-$375.7 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
  • 4Total employees (full-time equivalent)
  • $22,770Total assets
  • $4,041Cash and due from depository institutions
  • $3,875Interest-bearing balances
  • $13,597Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $3,309Net loans & leases
  • $209Loan loss allowance
  • $0Trading account assets
  • $550Bank premises and fixed assets
  • $847Other real estate owned
  • $0Goodwill and other intangibles
  • $22,772Life insurance assets
  • $426All other assets
  • $20,913Total liabilities and capital
  • $19,714Total liabilities
  • $19,259Total deposits
  • $19,714Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $667Trading liabilities
  • $0Other borrowed funds
  • $532Subordinated debt
  • $1,859All other liabilities
  • $1,859Total equity capital
  • $1,859Total bank equity capital
  • $0Perpetual preferred stock
  • $15Common stock
  • $2,106Surplus
  • $-262Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $500Income earned, not collected on loans
  • $0Earning assets
  • $54Long-term assets (5+ years)
  • $20,781Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $23,680Volatile liabilities
  • $23,278Insider loans
  • $10,012FHLB advances
  • $22,785Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,874Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $541Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $518Total interest income
  • $236Total interest expense
  • $282Net interest income
  • $9Provision for loan and lease losses
  • $58Total noninterest income
  • $0Fiduciary activities
  • $4Service charges on deposit accounts
  • $0Trading account gains & fees
  • $54Additional noninterest income
  • $639Total noninterest expense
  • $232Salaries and employee benefits
  • $223Premises and equipment expense
  • $184Additional noninterest expense
  • -$308Pre-tax net operating income
  • $210Securities gains (losses)
  • $0Applicable income taxes
  • -$98Income before extraordinary items
  • $0Extraordinary gains - net
  • -$98Net income attributable to bank
  • $0Net charge-offs
  • -$98Cash dividends
  • $8Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.41%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 1.31%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • -1.30%Net operating income to assets
  • -0.41%Return on assets (ROA)
  • -0.41%Pretax return on assets
  • -5.30%Return on equity (ROE)
  • -5.30%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 112.50%Credit loss provision to net charge-offs
  • -37.38%Efficiency ratio
  • 187,941Assets per employee
  • 5.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.94%Loss allowance to noncurrent loans
  • 41.80%Noncurrent assets plus other real estate owned to assets
  • 5.92%Noncurrent loans to loans
  • 14.21%Net loans and leases to deposits
  • 16.79%Net loans and leases to core deposits
  • 17.59%Equity capital to assets
  • 8.16%Core capital (leverage) ratio
  • 8.22%Tier 1 risk-based capital ratio
  • 18.72%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $23,680Average earning assets
  • $1,851Average equity
  • $21,494Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    048156Southbank, A Federal Savings Bank10891 North Military Trail, Palm Beach Gardens, FL 33410October 08, 1993Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with SouthBank, a Federal Savings Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents