U.S. Trust Company of Florida, National Association - Overview
General
FDIC Certificate #: 33447 Status: Inactive Closing history: Change in Primary Regulatory Agency Acquiring institution:U.S. Trust Company, National Association (#33332) Federal Reserve ID: 154033 Date Established: June 21, 1991 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 9316 FDIC's unique #: 47132 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: No Date of Deposit Insurance: June 21, 1991 Last Structure Change Effective Date: August 31, 2003 Last Structure Change Process Date: October 03, 2003 Last Data Update: May 03, 2005 Data Source Date: April 05, 2012
Location
Address: 132 Royal Palm Way, Palm Beach, FL 33480 County: Palm Beach Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: New York 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
Merger - Without Assistance
Name Change
Change in Primary Regulatory Agency
Financial Summary
Total assets: $199.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
99Total employees (full-time equivalent)
$229,569Total assets
$41,956Cash and due from depository institutions
$33,571Interest-bearing balances
$119,404Securities
$20,072Federal funds sold & reverse repurchase agreements
$35,818Net loans & leases
$360Loan loss allowance
$0Trading account assets
$9,104Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,215All other assets
$229,570Total liabilities and capital
$184,691Total liabilities
$178,943Total deposits
$178,943Interest-bearing deposits
$178,943Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$5,748All other liabilities
$44,879Total equity capital
$44,879Total bank equity capital
$44,879Perpetual preferred stock
$0Common stock
$2,450Surplus
$20,992Undivided profits
Memoranda
$21,437Noncurrent loans and leases
$12,605Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$90Earning assets
$0Long-term assets (5+ years)
$160Average Assets, year-to-date
$208,865Average Assets, quarterly
$0Volatile liabilities
$207,636Insider loans
$215,352FHLB advances
$94,150Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,605Total unused commitments
$0Restructured Loans and leases
$360Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$7,852Total interest income
$2,078Total interest expense
$5,774Net interest income
-$28Provision for loan and lease losses
$22,997Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$22,997Additional noninterest income
$22,419Total noninterest expense
$13,582Salaries and employee benefits
$6,483Premises and equipment expense
$2,354Additional noninterest expense
$6,380Pre-tax net operating income
$165Securities gains (losses)
$2,614Applicable income taxes
$3,931Income before extraordinary items
$0Extraordinary gains - net
$3,931Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.34%Yield on earning assets
1.15%Cost of funding earning assets
3.19%Net interest margin
12.70%Noninterest income to earning assets
12.38%Noninterest expense to earning assets
1.84%Net operating income to assets
1.89%Return on assets (ROA)
3.15%Pretax return on assets
9.28%Return on equity (ROE)
9.28%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
77,922Assets per employee
2.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
400.00%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.25%Net loans and leases to deposits
20.02%Net loans and leases to core deposits
42.24%Equity capital to assets
19.55%Core capital (leverage) ratio
19.42%Tier 1 risk-based capital ratio
58.81%Total risk-based capital ratio
Memoranda
$59Average assets
$207,636Average earning assets
$42,371Average equity
$181,060Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
U.S. Trust Company of Florida, National Association
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