First Marine Bank of Florida
Palm City, FL
$17.2M
total assets, December 31, 1990
$17.2M
total assets, December 31, 1990
First Marine Bank of Florida was a state member bank in Palm City, FL. It failed on Mar 8, 1991, and 1ST United Bank took over its deposits. At its last report it held $17.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Mar 8, 1991
- Assets
- $17.2M
- Deposits
- $16.8M
- Estimated cost
- $3.6M
- Deposits went to
- 1ST United Bank, Boca Raton, FL
Total assets
$17.2M
-16.5% in a year · -10.5% in a quarter
Deposits
$16.8M
-11.7% in a year · -4.2% in a quarter
Loans
$11.8M
-10.5% in a year · -7.2% in a quarter
Profit so far
-$1.2M
Jan 1 to Dec 31, 1990
Capital ratio
-0.46%
-5.29 pts in a year
Return on assets
-6.04%
-3.70 pts in a year
Facts
- Type
- State member bank
- Head office
- 1030 Martin Downs Boulevard, Palm City, FL, 33490
- County
- Martin
- Established
- Dec 12, 1983
- Failed
- Mar 8, 1991
- Employees
- 23
- Id
- b24831
Quarter by quarter
March 31, 1984 to December 31, 1990
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Marine Bank of Florida?
$17.2 million in total assets and $16.8 million in deposits as of December 31, 1990, with assets down 16.5% from a year before. Its loans were $11.8 million.
Is First Marine Bank of Florida profitable?
No: it lost $1.16 million from January 1 to December 31, 1990. Its return on assets was -6.04% a year; about 1% is typical.
When did First Marine Bank of Florida fail?
Mar 8, 1991. 1ST United Bank of Boca Raton, FL took over its deposits. The estimated cost of the failure was $3.56 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.