Suburban Bank in Palm Beach County, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 18, 1994

  • Suburban Bank in Palm Beach County, Florida (FL)
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Suburban Bank - Overview

  • General
  • FDIC Certificate #: 22467
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: 1st United Bank (#27136)
    Federal Reserve ID: 141239
    Date Established: May 26, 1977
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 15662
    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: May 26, 1977
    Last Structure Change Effective Date: June 18, 1994
    Last Structure Change Process Date: July 12, 1994
    Last Data Update: July 12, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 6800 Lake Worth Road, Palm Beach County, FL 33461
    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)
  • Financial Summary
  • Total assets: $154.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $117Total assets
  • $159,251Cash and due from depository institutions
  • $5,524Interest-bearing balances
  • $0Securities
  • $40,106Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $98,932Loan loss allowance
  • $5,499Trading account assets
  • $0Bank premises and fixed assets
  • $4,683Other real estate owned
  • $5,430Goodwill and other intangibles
  • $4,564Life insurance assets
  • $12All other assets
  • $0Total liabilities and capital
  • $159,251Total liabilities
  • $153,118Total deposits
  • $140,280Interest-bearing deposits
  • $117,852Deposits held in domestic offices
  • 140280.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $7,940Trading liabilities
  • $0Other borrowed funds
  • $4,000Subordinated debt
  • $0All other liabilities
  • $898Total equity capital
  • $898Total bank equity capital
  • $6,133Perpetual preferred stock
  • $0Common stock
  • $2,250Surplus
  • $5,750Undivided profits
  • Memoranda
  • $-1,867Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,630Income earned, not collected on loans
  • $557Earning assets
  • $139,038Long-term assets (5+ years)
  • $13,808Average Assets, year-to-date
  • $171,805Average Assets, quarterly
  • $161,725Volatile liabilities
  • $26,173Insider loans
  • $1,986FHLB advances
  • $0Loans and leases held for sale
  • $1,371Unused loan commitments
  • $11,864Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,133Total risk weighted assets
  • $111,146Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,168Total interest expense
  • $4,580Net interest income
  • $7,588Provision for loan and lease losses
  • $0Total noninterest income
  • $2,254Fiduciary activities
  • $0Service charges on deposit accounts
  • $997Trading account gains & fees
  • $0Additional noninterest income
  • $1,257Total noninterest expense
  • $9,477Salaries and employee benefits
  • $3,917Premises and equipment expense
  • $1,451Additional noninterest expense
  • $4,109Pre-tax net operating income
  • $365Securities gains (losses)
  • $14Applicable income taxes
  • $109Income before extraordinary items
  • $270Extraordinary gains - net
  • $0Net income attributable to bank
  • $270Net charge-offs
  • $931Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.16%Cost of funding earning assets
  • 3.07%Net interest margin
  • 5.09%Noninterest income to earning assets
  • 1.51%Noninterest expense to earning assets
  • 6.35%Net operating income to assets
  • 0.15%Return on assets (ROA)
  • 0.16%Pretax return on assets
  • 0.22%Return on equity (ROE)
  • 4.51%Retained earnings to average equity (YTD only)
  • 4.51%Net charge-offs to loans
  • 0.81%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 96,291Assets per employee
  • 1.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.27%Loss allowance to noncurrent loans
  • 118.77%Noncurrent assets plus other real estate owned to assets
  • 7.00%Noncurrent loans to loans
  • 4.43%Net loans and leases to deposits
  • 70.52%Net loans and leases to core deposits
  • 78.49%Equity capital to assets
  • 3.85%Core capital (leverage) ratio
  • 3.77%Tier 1 risk-based capital ratio
  • 5.52%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $171,805Average earning assets
  • $5,993Average equity
  • $149,162Average loans

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