Palm Beach County Bank
West Palm Beach, FL — Domestic Branch of a Domestic Bank
Acquired Dec 2005
Vitals
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Total Assets373.3M 39.7 %
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Total Deposits286.2M 36.9 %
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Total Net Loans295.9M 42.5 %
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Net Income4.5M 118.3 %
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Book Value26.7M 53.8 %
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Book Value x253.4M 53.8 %
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Book Value x380.1M 53.8 %
Balance Sheet Highlights
| Financial Highlights | Palm Beach County Bank | All Insured Commercial Banks in Florida |
| Balance Sheet $(000) | ||
| Total Assets | 373,279 | 241,111 |
| Total Net Loans | 295,873 | 171,628 |
| Total Deposits | 286,216 | 197,787 |
| Total Equity | 26,708 | 22,673 |
| Profitability | ||
| Net Income | 4,489 | 4,049 |
| Return on Average Assets | 1.788 | 1.286 |
| Return on Average Equity | 24.13 | 14.468 |
| Net Interest Margin | 4.219 | 4.314 |
| Efficiency Ratio | 50.411 | 70.33 |
| Noninterest Income/Revenue | 1.485 | 11.533 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 103.374 | 82.645 |
| Securities/Assets | .142 | .375 |
| Total Equity/Total Assets | .072 | .094 |
| Tangible Equity/Tangible Assets | .072 | -.097 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 27,393 | 21,735 |
| Tier 2 Capital | 2,394 | 2,121 |
| Total Capital | 29,787 | 23,859 |
| Total Risk Weighted Assets | 290,611 | 178,463 |
| Leverage Ratio | 7.7 | 10.35 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 9.43 | 14.404 |
| Total Capital Ratio | 10.25 | 15.513 |
Timeline for Palm Beach County Bank
Commerce Bank, National Association
Palm Beach County Bank was acquired by Commerce Bank, National Association 18 years
View Profile Dec 05 2005
Palm Beach County Bank
Palm Beach County Bank was established 24 years ago and is currently headquartered in West Palm Beach, FL.
Sep 13 1999| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Commerce Bank, National Association | Buyer | 51,373,714 | Acquisition | Discontinued | 12/5/2005 |
| Relationships | Role | Relationship Start | Relationship End |
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