The Bank of Miami, National Association in Coral Gables, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 17, 2010

  • The Bank of Miami, National Association in Coral Gables, Florida (FL)
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The Bank of Miami, National Association - Overview

  • General
  • FDIC Certificate #: 19040
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: 1st United Bank (#35408)
    Federal Reserve ID: 666031
    Date Established: Febuary 21, 1964
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 12537
    FDIC's unique #: 12877
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 21, 1964
    Last Structure Change Effective Date: December 17, 2010
    Last Structure Change Process Date: December 21, 2010
    Last Data Update: December 21, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 121 Alhambra Plaza, Coral Gables, FL 33134
    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)
  • Financial Summary
  • Total assets: $448.1 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, 2009)

  • Dollar figures in thousands
  • 121Total employees (full-time equivalent)
  • $543,833Total assets
  • $55,288Cash and due from depository institutions
  • $50,917Interest-bearing balances
  • $87,314Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $366,155Net loans & leases
  • $18,348Loan loss allowance
  • $0Trading account assets
  • $3,986Bank premises and fixed assets
  • $8,901Other real estate owned
  • $164Goodwill and other intangibles
  • $0Life insurance assets
  • $22,025All other assets
  • $543,833Total liabilities and capital
  • $510,255Total liabilities
  • $419,604Total deposits
  • $342,610Interest-bearing deposits
  • $412,404Deposits held in domestic offices
  • 62.03%% insured (estimated)
  • $2,345Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $84,000Other borrowed funds
  • $0Subordinated debt
  • $4,306All other liabilities
  • $33,578Total equity capital
  • $33,578Total bank equity capital
  • $33,578Perpetual preferred stock
  • $0Common stock
  • $2,625Surplus
  • $43,045Undivided profits
  • Memoranda
  • $-12,092Noncurrent loans and leases
  • $17,898Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $80,390Earning assets
  • $0Long-term assets (5+ years)
  • $1,223Average Assets, year-to-date
  • $504,386Average Assets, quarterly
  • $111,308Volatile liabilities
  • $647,087Insider loans
  • $576,055FHLB advances
  • $268,284Loans and leases held for sale
  • $6,522Unused loan commitments
  • $84,000Tier 1 (core) risk-based capital
  • $114Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $17,898Total unused commitments
  • $6,349Restructured Loans and leases
  • $5,285Derivatives
  • $14,319Total assets and liabilities in foreign offices

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $24,749Total interest income
  • $11,449Total interest expense
  • $13,300Net interest income
  • $24,186Provision for loan and lease losses
  • -$1,459Total noninterest income
  • $0Fiduciary activities
  • $484Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,943Additional noninterest income
  • $23,503Total noninterest expense
  • $9,596Salaries and employee benefits
  • $3,765Premises and equipment expense
  • $10,142Additional noninterest expense
  • -$35,848Pre-tax net operating income
  • -$10,825Securities gains (losses)
  • $1,210Applicable income taxes
  • -$47,883Income before extraordinary items
  • $0Extraordinary gains - net
  • -$47,883Net income attributable to bank
  • $0Net charge-offs
  • -$47,883Cash dividends
  • $26,967Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 2.08%Cost of funding earning assets
  • 2.42%Net interest margin
  • -0.27%Noninterest income to earning assets
  • 4.27%Noninterest expense to earning assets
  • -5.73%Net operating income to assets
  • -7.40%Return on assets (ROA)
  • -7.21%Pretax return on assets
  • -85.13%Return on equity (ROE)
  • -85.13%Retained earnings to average equity (YTD only)
  • 6.02%Net charge-offs to loans
  • 89.69%Credit loss provision to net charge-offs
  • -0.43%Efficiency ratio
  • 198,488Assets per employee
  • 4.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.77%Loss allowance to noncurrent loans
  • 22.82%Noncurrent assets plus other real estate owned to assets
  • 17.80%Noncurrent loans to loans
  • 20.91%Net loans and leases to deposits
  • 87.26%Net loans and leases to core deposits
  • 154.06%Equity capital to assets
  • 6.17%Core capital (leverage) ratio
  • 5.89%Tier 1 risk-based capital ratio
  • 8.15%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $647,087Average earning assets
  • $56,244Average equity
  • $550,439Average loans

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