The First National Bank of South Miami in South Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The First National Bank of South Miami in South Miami, Florida (FL)
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The First National Bank of South Miami - Overview

  • General
  • FDIC Certificate #: 17093
    Status: Active
    Federal Reserve ID: 794336
    Bank Holding Company (Regulatory Top Holder): First Miami Bancorp, Inc. (RSSDID: 1250370, Location: South Miami, FL)
    Date Established: April 03, 1952
    WWW: http://www.fnbsm.com
    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: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 11143
    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: April 03, 1952
    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: 5750 Sunset Drive, South Miami, FL 33143
    County: Miami-Dade
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    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: $414.4 mil
    Equity capital: $36.8 mil
    Deposits held in domestic offices: $310.7 mil
    Return on assets (ROA): 0.20% ($0.8 mil)
    Quarterly return on assets: 0.20% ($0.8 mil)
    Return on Equity (ROE): 2.19% ($0.8 mil)
    Quarterly return on equity: 2.26% ($0.8 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.27% ($1,118.8 mil)
    Quarterly Pretax return on assets: 0.10% ($414.4 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
  • 82Total employees (full-time equivalent)
  • $414,383Total assets
  • $30,801Cash and due from depository institutions
  • $24,602Interest-bearing balances
  • $220,910Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $150,605Net loans & leases
  • $2,532Loan loss allowance
  • $0Trading account assets
  • $3,112Bank premises and fixed assets
  • $966Other real estate owned
  • $0Goodwill and other intangibles
  • $414,383Life insurance assets
  • $7,989All other assets
  • $377,535Total liabilities and capital
  • $310,717Total liabilities
  • $220,213Total deposits
  • $310,717Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 66379.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $439Subordinated debt
  • $36,848All other liabilities
  • $36,848Total equity capital
  • $36,848Total bank equity capital
  • $0Perpetual preferred stock
  • $4,000Common stock
  • $13,000Surplus
  • $19,848Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,663Income earned, not collected on loans
  • $0Earning assets
  • $1,161Long-term assets (5+ years)
  • $396,117Average Assets, year-to-date
  • $203,786Average Assets, quarterly
  • $395,040Volatile liabilities
  • $407,943Insider loans
  • $227,185FHLB advances
  • $399,911Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $39,357Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,210Restructured Loans and leases
  • $3,590Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,282Total interest income
  • $2,333Total interest expense
  • $10,949Net interest income
  • $1,542Provision for loan and lease losses
  • $2,309Total noninterest income
  • $842Fiduciary activities
  • $907Service charges on deposit accounts
  • $0Trading account gains & fees
  • $560Additional noninterest income
  • $11,226Total noninterest expense
  • $6,080Salaries and employee benefits
  • $1,555Premises and equipment expense
  • $3,591Additional noninterest expense
  • $490Pre-tax net operating income
  • $573Securities gains (losses)
  • $266Applicable income taxes
  • $797Income before extraordinary items
  • $0Extraordinary gains - net
  • $797Net income attributable to bank
  • $0Net charge-offs
  • $797Cash dividends
  • $1,607Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.52%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 2.90%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.98%Noninterest expense to earning assets
  • 0.09%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.27%Pretax return on assets
  • 2.19%Return on equity (ROE)
  • 2.19%Retained earnings to average equity (YTD only)
  • 1.05%Net charge-offs to loans
  • 95.96%Credit loss provision to net charge-offs
  • 1.26%Efficiency ratio
  • 84,673Assets per employee
  • 5.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 33.04%Noncurrent assets plus other real estate owned to assets
  • 2.08%Noncurrent loans to loans
  • 5.00%Net loans and leases to deposits
  • 48.47%Net loans and leases to core deposits
  • 53.74%Equity capital to assets
  • 8.89%Core capital (leverage) ratio
  • 9.84%Tier 1 risk-based capital ratio
  • 17.32%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $395,040Average earning assets
  • $36,365Average equity
  • $377,113Average 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
  • $105,319Managed Assets
  • 1Number of Accounts
  • $100,810Personal trust and agency accounts
  • $47,766Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $340Other retirement accounts
  • $2,869Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $49,835Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 175Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,509Other retirement accounts
  • $4,509Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011143The First National Bank Of South Mia5750 Sunset Drive, South Miami, FL 33143April 03, 1952Full Service Brick and Mortar
    2459400Kendall Branch7887 North Kendall Drive, Miami, FL 33143October 04, 2006Full Service Brick and Mortar
    3521492Fnbsm The Falls Branch8941 Sw 136 St, Miami, FL 33176November 08, 2010Full Service Brick and Mortar
    4521493East Ridge Retirement Village Office19301 Sw 87th Ave, Miami, FL 33157April 21, 2011Limited Service Facility

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