TransAtlantic Bank in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 09, 2010

  • TransAtlantic Bank in Miami, Florida (FL)
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TransAtlantic Bank - Overview

  • General
  • FDIC Certificate #: 25580
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sabadell United Bank, National Association (#21837)
    Federal Reserve ID: 972237
    Date Established: August 24, 1984
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Interstate: No)
    FDIC's unique #: 17529
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 24, 1984
    Last Structure Change Effective Date: August 09, 2010
    Last Structure Change Process Date: August 23, 2010
    Last Data Update: August 23, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 48 East Flagler Street, Miami, FL 33131
    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: $532.0 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
  • 105Total employees (full-time equivalent)
  • $538,518Total assets
  • $84,002Cash and due from depository institutions
  • $81,736Interest-bearing balances
  • $109,591Securities
  • $125Federal funds sold & reverse repurchase agreements
  • $319,412Net loans & leases
  • $7,127Loan loss allowance
  • $0Trading account assets
  • $921Bank premises and fixed assets
  • $749Other real estate owned
  • $0Goodwill and other intangibles
  • $6,244Life insurance assets
  • $23,718All other assets
  • $538,518Total liabilities and capital
  • $486,014Total liabilities
  • $449,939Total deposits
  • $421,297Interest-bearing deposits
  • $449,939Deposits held in domestic offices
  • 54.46%% insured (estimated)
  • $7,354Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $25,000Other borrowed funds
  • $0Subordinated debt
  • $3,721All other liabilities
  • $52,504Total equity capital
  • $52,504Total bank equity capital
  • $52,504Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $6,003Undivided profits
  • Memoranda
  • $43,501Noncurrent loans and leases
  • $26,963Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13,628Earning assets
  • $0Long-term assets (5+ years)
  • $1,195Average Assets, year-to-date
  • $510,864Average Assets, quarterly
  • $152,446Volatile liabilities
  • $517,070Insider loans
  • $539,011FHLB advances
  • $249,180Loans and leases held for sale
  • $835Unused loan commitments
  • $25,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $26,963Total unused commitments
  • $590Restructured Loans and leases
  • $4,121Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $21,958Total interest income
  • $5,959Total interest expense
  • $15,999Net interest income
  • $6,500Provision for loan and lease losses
  • $3,907Total noninterest income
  • $0Fiduciary activities
  • $2,992Service charges on deposit accounts
  • $0Trading account gains & fees
  • $915Additional noninterest income
  • $16,673Total noninterest expense
  • $8,400Salaries and employee benefits
  • $2,922Premises and equipment expense
  • $5,351Additional noninterest expense
  • -$3,267Pre-tax net operating income
  • -$901Securities gains (losses)
  • -$1,862Applicable income taxes
  • -$2,306Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,306Net income attributable to bank
  • $0Net charge-offs
  • -$2,306Cash dividends
  • $5,393Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.48%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.26%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • -0.33%Net operating income to assets
  • -0.45%Return on assets (ROA)
  • -0.81%Pretax return on assets
  • -4.47%Return on equity (ROE)
  • -4.47%Retained earnings to average equity (YTD only)
  • 1.68%Net charge-offs to loans
  • 120.53%Credit loss provision to net charge-offs
  • 0.60%Efficiency ratio
  • 83,759Assets per employee
  • 5.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.18%Loss allowance to noncurrent loans
  • 52.30%Noncurrent assets plus other real estate owned to assets
  • 2.67%Noncurrent loans to loans
  • 4.17%Net loans and leases to deposits
  • 70.99%Net loans and leases to core deposits
  • 143.16%Equity capital to assets
  • 9.75%Core capital (leverage) ratio
  • 9.80%Tier 1 risk-based capital ratio
  • 16.24%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $517,070Average earning assets
  • $51,636Average equity
  • $490,262Average loans

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