Terrabank, National Association in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Terrabank, National Association in Miami, Florida (FL)
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Terrabank, National Association - Overview

  • General
  • FDIC Certificate #: 26442
    Status: Active
    Federal Reserve ID: 238737
    Date Established: November 21, 1985
    WWW: http://www.terrabank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 33082
    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 21, 1985
    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: 3191 Coral Way, Miami, FL 33145
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $274.5 mil
    Equity capital: $25.6 mil
    Deposits held in domestic offices: $247.9 mil
    Return on assets (ROA): 0.44% ($1.2 mil)
    Quarterly return on assets: 0.26% ($0.7 mil)
    Return on Equity (ROE): 4.61% ($1.2 mil)
    Quarterly return on equity: 2.79% ($0.7 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.45% ($1,235.2 mil)
    Quarterly Pretax return on assets: 0.31% ($850.9 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
  • 73Total employees (full-time equivalent)
  • $274,489Total assets
  • $13,350Cash and due from depository institutions
  • $7,281Interest-bearing balances
  • $88,324Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $167,452Net loans & leases
  • $2,531Loan loss allowance
  • $0Trading account assets
  • $1,647Bank premises and fixed assets
  • $108Other real estate owned
  • $0Goodwill and other intangibles
  • $274,489Life insurance assets
  • $3,608All other assets
  • $248,845Total liabilities and capital
  • $247,923Total liabilities
  • $202,469Total deposits
  • $247,923Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 16.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $906Subordinated debt
  • $25,644All other liabilities
  • $25,644Total equity capital
  • $25,644Total bank equity capital
  • $0Perpetual preferred stock
  • $5,000Common stock
  • $9,369Surplus
  • $11,275Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,146Income earned, not collected on loans
  • $0Earning assets
  • $866Long-term assets (5+ years)
  • $263,057Average Assets, year-to-date
  • $165,640Average Assets, quarterly
  • $264,490Volatile liabilities
  • $273,437Insider loans
  • $174,567FHLB advances
  • $274,383Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,608Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $644Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,916Total interest income
  • $2,951Total interest expense
  • $8,965Net interest income
  • $467Provision for loan and lease losses
  • $1,043Total noninterest income
  • $0Fiduciary activities
  • $757Service charges on deposit accounts
  • $0Trading account gains & fees
  • $286Additional noninterest income
  • $10,484Total noninterest expense
  • $5,202Salaries and employee benefits
  • $1,236Premises and equipment expense
  • $4,046Additional noninterest expense
  • -$943Pre-tax net operating income
  • $2,132Securities gains (losses)
  • $30Applicable income taxes
  • $1,159Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,159Net income attributable to bank
  • $0Net charge-offs
  • $1,159Cash dividends
  • $93Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 4.14%Noninterest expense to earning assets
  • -0.34%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 4.61%Return on equity (ROE)
  • 4.61%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 502.15%Credit loss provision to net charge-offs
  • -5.12%Efficiency ratio
  • 104,756Assets per employee
  • 3.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 31.07%Noncurrent assets plus other real estate owned to assets
  • 3.01%Noncurrent loans to loans
  • 4.79%Net loans and leases to deposits
  • 67.54%Net loans and leases to core deposits
  • 76.37%Equity capital to assets
  • 9.34%Core capital (leverage) ratio
  • 8.97%Tier 1 risk-based capital ratio
  • 14.10%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $264,490Average earning assets
  • $25,122Average equity
  • $252,942Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033082Terrabank, National Association3191 Coral Way, Miami, FL 33145November 21, 1985Full Service Brick and Mortar
    2259433University Center Branch1615 S.W. 107th Avenue, Miami, FL 33165December 15, 1986Full Service Brick and Mortar
    3259434Hialeah Branch637 W 49 Th Street, Hialeah, FL 33012November 17, 1989Full Service Brick and Mortar

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