The Guardian Bank, a Federal Savings Bank in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 15, 1994

  • The Guardian Bank, a Federal Savings Bank in Boca Raton, Florida (FL)
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The Guardian Bank, a Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33786
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Fleet Bank, F.S.B. (#33924)
    Federal Reserve ID: 981172
    Date Established: March 16, 1993
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10748
    FDIC's unique #: 48033
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: March 16, 1993
    Last Structure Change Effective Date: July 15, 1994
    Last Structure Change Process Date: July 20, 1994
    Last Data Update: January 02, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 2255 Glades Road, Suites 138w And 140w, Boca Raton, FL 33431
    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
  • Pass Through Receivership Merger
    Corrections
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $35.0 mil

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $31Total assets
  • $46,981Cash and due from depository institutions
  • $3,001Interest-bearing balances
  • $2,636Securities
  • $7,278Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $35,611Loan loss allowance
  • $1,604Trading account assets
  • $0Bank premises and fixed assets
  • $51Other real estate owned
  • $593Goodwill and other intangibles
  • $447Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $46,981Total liabilities
  • $51,065Total deposits
  • $40,015Interest-bearing deposits
  • $40,015Deposits held in domestic offices
  • 40015.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $10,500Subordinated debt
  • $0All other liabilities
  • $550Total equity capital
  • $550Total bank equity capital
  • $-4,084Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-4,084Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $485Income earned, not collected on loans
  • $262Earning assets
  • $45,525Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $53,840Average Assets, quarterly
  • $47,858Volatile liabilities
  • $10,999Insider loans
  • $314FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $38Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-4,084Total risk weighted assets
  • $31,924Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,134Total interest expense
  • $1,919Net interest income
  • $1,215Provision for loan and lease losses
  • $690Total noninterest income
  • $237Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $237Total noninterest expense
  • $4,338Salaries and employee benefits
  • $862Premises and equipment expense
  • $1,257Additional noninterest expense
  • $2,219Pre-tax net operating income
  • -$3,576Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$3,576Extraordinary gains - net
  • $0Net income attributable to bank
  • -$3,576Net charge-offs
  • -$26Cash 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
  • 6.21%Cost of funding earning assets
  • 3.80%Net interest margin
  • 2.41%Noninterest income to earning assets
  • 0.47%Noninterest expense to earning assets
  • 8.59%Net operating income to assets
  • -6.64%Return on assets (ROA)
  • -6.64%Pretax return on assets
  • -6.64%Return on equity (ROE)
  • 125.92%Retained earnings to average equity (YTD only)
  • 125.92%Net charge-offs to loans
  • -0.06%Credit loss provision to net charge-offs
  • -2653.85%Efficiency ratio
  • 298,760Assets per employee
  • 1.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.31%Loss allowance to noncurrent loans
  • 330.72%Noncurrent assets plus other real estate owned to assets
  • 2.29%Noncurrent loans to loans
  • 1.30%Net loans and leases to deposits
  • 88.99%Net loans and leases to core deposits
  • 90.12%Equity capital to assets
  • -8.69%Core capital (leverage) ratio
  • -8.69%Tier 1 risk-based capital ratio
  • -12.79%Total risk-based capital ratio
  • Memoranda
  • -$13Average assets
  • $53,840Average earning assets
  • -$2,840Average equity
  • $50,487Average loans

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