Equitable Bank
Fort Lauderdale, FL — Domestic Branch of a Domestic Bank
Acquired Mar 2008
Vitals
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Total Assets172.5M -5.7 %
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Total Deposits131.0M -11.0 %
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Total Net Loans156.8M 3.7 %
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Net Income2.2M -17.0 %
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Book Value22.4M 9.5 %
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Book Value x244.7M 9.5 %
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Book Value x367.0M 9.5 %
Balance Sheet Highlights
Financial Highlights | Equitable Bank | All Insured Commercial Banks in Florida |
Balance Sheet $(000) | ||
Total Assets | 172,536 | 260,641 |
Total Net Loans | 156,837 | 194,486 |
Total Deposits | 130,950 | 202,855 |
Total Equity | 22,350 | 29,071 |
Profitability | ||
Net Income | 2,201 | 4,481 |
Return on Average Assets | 1.216 | .894 |
Return on Average Equity | 10.181 | 9.213 |
Net Interest Margin | 5.56 | 4.088 |
Efficiency Ratio | 56.7 | 89.035 |
Noninterest Income/Revenue | 5.384 | 8.907 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 119.769 | 92.737 |
Securities/Assets | .039 | .336 |
Total Equity/Total Assets | .13 | .112 |
Tangible Equity/Tangible Assets | .13 | -.07 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 22,350 | 26,251 |
Tier 2 Capital | 1,934 | 2,645 |
Total Capital | 24,284 | 28,906 |
Total Risk Weighted Assets | 153,584 | 206,922 |
Leverage Ratio | 12.34 | 12.983 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 14.55 | 17.272 |
Total Capital Ratio | 15.81 | 18.419 |
Timeline for Equitable Bank
Equitable Financial Group, Inc.
Equitable Financial Group, Inc. became a new parent organization for Equitable Bank.
View Profile Feb 01 1999Equitable Bank
Equitable Bank was established 37 years ago and is currently headquartered in Fort Lauderdale, FL.
Feb 19 1987Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
1St United Bank | Buyer | 1,679,443 | Acquisition | Discontinued | 3/1/2008 |
Relationships | Role | Relationship Start | Relationship End |
Equitable Financial Group, Inc. | Parent | 2/1/1999 | 2/29/2008 |
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