Vitals
  • Total Assets
    18.7M -17.7 %
  • Total Deposits
    17.0M -18.5 %
  • Total Net Loans
    2.0M -33.2 %
  • Net Income
    -268000.0000 -39.6 %
  • Book Value
    1.6M -12.1 %
  • Book Value x2
    3.2M -12.1 %
  • Book Value x3
    4.8M -12.1 %
ROAA

-2.609

ROAE

-30.716

Efficiency Ratio

332.174

Net Interest Margin

.822

Balance Sheet Highlights
Financial Highlights Southbank, A Federal Savings Bank All Insured Savings Banks in Florida
Balance Sheet $(000)
Total Assets 18,720 2,145,874
Total Net Loans 2,026 1,820,296
Total Deposits 16,978 1,511,692
Total Equity 1,603 190,143
Profitability
Net Income -268 5,525
Return on Average Assets -2.609 .45
Return on Average Equity -30.716 -1.587
Net Interest Margin .822 3.141
Efficiency Ratio 332.174 116.528
Noninterest Income/Revenue 18.519 22.595
Balance Sheet Ratios
Loan-to-Deposit 11.933 79.595
Securities/Assets .279 .047
Total Equity/Total Assets .086 .089
Tangible Equity/Tangible Assets .086 .073
Capital Adequacy
Tier 1 Common Capital 1,778 186,113
Tier 1 Capital 1,778 186,113
Tier 2 Capital 54 7,756
Total Capital 1,832 193,869
Total Risk Weighted Assets 5,767 1,384,556
Leverage Ratio 8.91 16.738
Common Equity Tier 1 Capital Ratio 30.83 43.491
Tier 1 Capital Ratio 30.83 43.491
Total Capital Ratio 31.77 44.419

Timeline for Southbank, A Federal Savings Bank

Centerstate Bank Of Florida, National Association

Southbank, A Federal Savings Bank was acquired by Centerstate Bank Of Florida, National Association 8 years

View Profile Jul 25 2015

Palm Beach Federal Savings Association

Acquisition: Southbank, A Federal Savings Bank acquired a new subsidiary, Palm Beach Federal Savings Association, 30 years

View Profile Oct 09 1993

Commonwealth Savingshares Corporation

Commonwealth Savingshares Corporation became a new parent organization for Southbank, A Federal Savings Bank.

View Profile Oct 09 1993

Southbank, A Federal Savings Bank

Southbank, A Federal Savings Bank was established 30 years ago and is currently headquartered in Palm Beach Gardens, FL.

Oct 08 1993
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Centerstate Bank Of Florida, National Association Buyer 5,005,472 Acquisition Discontinued 7/25/2015
Palm Beach Federal Savings Association Seller 40,689 Failure 10/9/1993
Relationships Role Relationship Start Relationship End
Commonwealth Savingshares Corporation Parent 7/21/2011 7/24/2015
Commonwealth Savingshares Corporation Parent 10/9/1993 7/20/2011
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