Turnberry Bank in Aventura, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 2010

  • Turnberry Bank in Aventura, Florida (FL)
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Turnberry Bank - Overview

  • General
  • FDIC Certificate #: 32280
    Status: Inactive
    Closing history: Change in Location
    Acquiring institution: Capital Bank, National Association (#59049)
    Federal Reserve ID: 209371
    Date Established: March 06, 1985
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8087
    FDIC's unique #: 45114
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 06, 1985
    Last Structure Change Effective Date: July 16, 2010
    Last Structure Change Process Date: July 19, 2010
    Last Data Update: July 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 20295 Ne 29th Place, Aventura, FL 33180
    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
  • Absorption - Assisted
    Corrections
    Change in Location
  • Financial Summary
  • Total assets: $240.3 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
  • 44Total employees (full-time equivalent)
  • $251,684Total assets
  • $30,017Cash and due from depository institutions
  • $28,891Interest-bearing balances
  • $7,390Securities
  • $99Federal funds sold & reverse repurchase agreements
  • $196,102Net loans & leases
  • $4,894Loan loss allowance
  • $0Trading account assets
  • $9,057Bank premises and fixed assets
  • $4,103Other real estate owned
  • $19Goodwill and other intangibles
  • $0Life insurance assets
  • $4,897All other assets
  • $251,684Total liabilities and capital
  • $241,378Total liabilities
  • $175,026Total deposits
  • $152,028Interest-bearing deposits
  • $175,026Deposits held in domestic offices
  • 93.63%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $65,000Other borrowed funds
  • $0Subordinated debt
  • $1,352All other liabilities
  • $10,306Total equity capital
  • $10,306Total bank equity capital
  • $10,306Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $5,864Undivided profits
  • Memoranda
  • $4,441Noncurrent loans and leases
  • $9,401Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $25,755Earning assets
  • $0Long-term assets (5+ years)
  • $994Average Assets, year-to-date
  • $232,482Average Assets, quarterly
  • $0Volatile liabilities
  • $252,688Insider loans
  • $251,048FHLB advances
  • $140,753Loans and leases held for sale
  • $2,417Unused loan commitments
  • $65,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,401Total unused commitments
  • $3,111Restructured Loans and leases
  • $2,167Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $11,214Total interest income
  • $5,745Total interest expense
  • $5,469Net interest income
  • $11,756Provision for loan and lease losses
  • $255Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $255Additional noninterest income
  • $7,097Total noninterest expense
  • $3,884Salaries and employee benefits
  • $1,276Premises and equipment expense
  • $1,937Additional noninterest expense
  • -$13,129Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$13,129Income before extraordinary items
  • $0Extraordinary gains - net
  • -$13,129Net income attributable to bank
  • $0Net charge-offs
  • -$13,129Cash dividends
  • $8,420Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 2.45%Cost of funding earning assets
  • 2.33%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • -5.20%Net operating income to assets
  • -5.20%Return on assets (ROA)
  • -5.20%Pretax return on assets
  • -77.72%Return on equity (ROE)
  • -77.72%Retained earnings to average equity (YTD only)
  • 3.97%Net charge-offs to loans
  • 139.62%Credit loss provision to net charge-offs
  • -0.16%Efficiency ratio
  • 123,934Assets per employee
  • 5.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.43%Loss allowance to noncurrent loans
  • 19.00%Noncurrent assets plus other real estate owned to assets
  • 11.86%Noncurrent loans to loans
  • 12.81%Net loans and leases to deposits
  • 112.04%Net loans and leases to core deposits
  • 197.54%Equity capital to assets
  • 4.09%Core capital (leverage) ratio
  • 4.06%Tier 1 risk-based capital ratio
  • 5.99%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $252,688Average earning assets
  • $16,893Average equity
  • $234,250Average loans

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