U. S. Century Bank in Doral, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • U. S. Century Bank in Doral, Florida (FL)
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U. S. Century Bank - Overview

  • General
  • FDIC Certificate #: 57369
    Status: Active
    Federal Reserve ID: 3146150
    Date Established: October 28, 2002
    WWW: http://www.uscentury.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 24 (Domestic: 24, Interstate: No)
    FDIC's unique #: 362653
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 28, 2002
    Last Structure Change Effective Date: November 22, 2007
    Last Structure Change Process Date: December 12, 2007
    Last Data Update: December 12, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2301 Nw 87th Avenue, Doral, FL 33172
    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
  • Change in Operation of IBF Account
  • Financial Summary
  • Total assets: $1,345.6 mil
    Equity capital: $61.5 mil
    Deposits held in domestic offices: $1,261.7 mil
    Return on assets (ROA): -5.05% (-$68.0 mil)
    Quarterly return on assets: -3.00% (-$40.4 mil)
    Return on Equity (ROE): -79.67% (-$49.4 mil)
    Quarterly return on equity: -63.94% (-$39.6 mil)
    Net income: -$79.3 mil
    Quarterly Net income: -$10.7 mil
    Pretax return on assets: -5.05% (-$67,954.2 mil)
    Quarterly Pretax return on assets: -3.00% (-$40,368.8 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
  • 286Total employees (full-time equivalent)
  • $1,345,628Total assets
  • $138,131Cash and due from depository institutions
  • $30,715Interest-bearing balances
  • $25,892Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,111,938Net loans & leases
  • $60,365Loan loss allowance
  • $0Trading account assets
  • $21,768Bank premises and fixed assets
  • $34,197Other real estate owned
  • $0Goodwill and other intangibles
  • $1,345,628Life insurance assets
  • $13,702All other assets
  • $1,284,110Total liabilities and capital
  • $1,261,727Total liabilities
  • $1,065,374Total deposits
  • $1,261,727Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 101.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,893Trading liabilities
  • $0Other borrowed funds
  • $3,389Subordinated debt
  • $61,518All other liabilities
  • $61,518Total equity capital
  • $61,518Total bank equity capital
  • $51,636Perpetual preferred stock
  • $75,822Common stock
  • $76,603Surplus
  • $-142,543Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $225,145Income earned, not collected on loans
  • $0Earning assets
  • $3,602Long-term assets (5+ years)
  • $1,168,545Average Assets, year-to-date
  • $47,791Average Assets, quarterly
  • $1,570,269Volatile liabilities
  • $1,422,919Insider loans
  • $1,234,387FHLB advances
  • $1,431,352Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $60,456Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $54,328Restructured Loans and leases
  • $48,639Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $62,891Total interest income
  • $16,202Total interest expense
  • $46,689Net interest income
  • $70,398Provision for loan and lease losses
  • -$189Total noninterest income
  • $0Fiduciary activities
  • $5,866Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$6,055Additional noninterest income
  • $55,307Total noninterest expense
  • $19,239Salaries and employee benefits
  • $10,145Premises and equipment expense
  • $25,923Additional noninterest expense
  • -$79,205Pre-tax net operating income
  • -$120Securities gains (losses)
  • $0Applicable income taxes
  • -$79,325Income before extraordinary items
  • $0Extraordinary gains - net
  • -$79,325Net income attributable to bank
  • $0Net charge-offs
  • -$79,325Cash dividends
  • $58,838Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.51%Net interest margin
  • -0.01%Noninterest income to earning assets
  • 4.15%Noninterest expense to earning assets
  • -5.04%Net operating income to assets
  • -5.05%Return on assets (ROA)
  • -5.05%Pretax return on assets
  • -79.67%Return on equity (ROE)
  • -79.67%Retained earnings to average equity (YTD only)
  • 4.38%Net charge-offs to loans
  • 119.65%Credit loss provision to net charge-offs
  • -0.15%Efficiency ratio
  • 118,940Assets per employee
  • 4.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.15%Loss allowance to noncurrent loans
  • 26.81%Noncurrent assets plus other real estate owned to assets
  • 19.27%Noncurrent loans to loans
  • 19.21%Net loans and leases to deposits
  • 88.13%Net loans and leases to core deposits
  • 98.90%Equity capital to assets
  • 4.57%Core capital (leverage) ratio
  • 4.22%Tier 1 risk-based capital ratio
  • 4.90%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $1,570,269Average earning assets
  • $99,568Average equity
  • $1,331,829Average loans

List of branches

  • 24 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0362653U. S. Century Bank2301 Nw 87th Avenue, Doral, FL 33172October 28, 2002Full Service Brick and Mortar
    2429376Country Club Of Miami Branch18590 N.W. 67th Avenue, Miami, FL 33130May 28, 2004Full Service Brick and Mortar
    3429377East Hialeah Branch1100 East 4th Avenue, Hialeah, FL 33015Febuary 04, 2004Full Service Brick and Mortar
    4429772Coral Gables Branch3001 Ponce De Leon Blvd., Coral Gables, FL 33134December 05, 2003Full Service Brick and Mortar
    5430241Flagler Branch7575 West Flagler Street, Miami, FL 33144July 15, 2004Full Service Brick and Mortar
    6441328Brickell Branch848 Brickell Avenue, Miami, FL 33131June 03, 2005Full Service Brick and Mortar
    7441787Coral Way Branch13780 Coral Way, Miami, FL 33175November 24, 2004Full Service Brick and Mortar
    8441788Hollywood Branch3999 Sheridan Street, Hollywood, FL 33021Febuary 28, 2005Full Service Brick and Mortar
    9441789Key Biscayne Branch260 Gandon Blvd., Key Biscayne, FL 33149Febuary 15, 2005Full Service Brick and Mortar
    10450819Downtown Branch100 Southeast 2nd Street, Miami, FL 33131April 03, 2006Full Service Brick and Mortar
    11453622Aventura Branch18201 Biscayne Boulevard, Aventura, FL 33160September 15, 2005Full Service Brick and Mortar
    12454926Dadeland Branch8201 South Dixie Highway, Miami, FL 33143August 01, 2006Full Service Brick and Mortar
    13462007Little Havana Branch468 Nw 27th Avenue, Miami, FL 33125March 31, 2007Full Service Brick and Mortar
    14464794Hialeah Garden Branch3198 W. 76th Street, Hialeah, FL 33018July 02, 2007Full Service Brick and Mortar
    15466791South Beach Branch504 Washington Avenue, Miami Beach, FL 33139Febuary 06, 2007Full Service Brick and Mortar
    16470763Miami Lakes Branch15503 N.W. 67th Avenue, Miami Lakes, FL 33014November 28, 2007Full Service Brick and Mortar
    17480019Miller Branch14651 S.W. 56th Street, Miami, FL 33175June 19, 2008Full Service Brick and Mortar
    18480020Merrick Park Branch4201 South Lejeune Road, Coral Gables, FL 33146December 19, 2007Full Service Brick and Mortar
    19481673Granada Branch4899 S.W. 8th Street, Coral Gables, FL 33134October 01, 2008Full Service Brick and Mortar
    20481683Tamiami Branch8700 Sw 8th Street, Miami, FL 33174October 31, 2008Full Service Brick and Mortar
    21482172West Kendall Branch15680 S.W. 88th Street, Miami, FL 33196November 10, 2008Full Service Brick and Mortar
    22493458Hialeah Branch821 W. 49th Street, Hialeah, FL 33012May 06, 2009Full Service Brick and Mortar
    23493459Bird Road Branch8575 Sw 40th Street, Miami, FL 33155May 13, 2009Full Service Brick and Mortar
    24510623Milam Dairy Branch5115 Nw 72nd Avenue, Miami, FL 33166December 01, 2009Full Service Brick and Mortar

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