Net First National Bank
Boca Raton, FL · Owner: Net First Financial Corp
$37.2M
total assets, December 31, 2001
$37.2M
total assets, December 31, 2001
Net First National Bank was a national bank in Boca Raton, FL, owned by Net First Financial Corp. It failed on Mar 1, 2002, and Bank Leumi took over its deposits. At its last report it held $37.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2001
This bank failed
- Failed on
- Mar 1, 2002
- Assets
- $37.2M
- Deposits
- $31.6M
- Estimated cost
- $0
- Deposits went to
- Bank Leumi, New York, NY
Total assets
$37.2M
-0.6% in a year · -5.1% in a quarter
Deposits
$31.6M
+6.4% in a year · -1.4% in a quarter
Loans
$22.0M
+35.3% in a year · -0.9% in a quarter
Profit so far
-$1.9M
Jan 1 to Dec 31, 2001
Capital ratio
6.22%
-5.23 pts in a year
Return on assets
-4.88%
-2.07 pts in a year
Facts
- Type
- National bank
- Head office
- 5295 Town Center Road, Boca Raton, FL, 33486
- County
- Palm Beach
- Holding company
- Net First Financial Corp
- Established
- Apr 21, 1986
- Failed
- Mar 1, 2002
- Employees
- 23
- Branches
- 1
- Id
- b26652
Quarter by quarter
June 30, 1986 to December 31, 2001
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 Net First National Bank?
$37.2 million in total assets and $31.6 million in deposits as of December 31, 2001, with assets down 0.6% from a year before. Its loans were $22.0 million.
How many branches does Net First National Bank have?
1 branch in Florida as of June 30, 2026.
Is Net First National Bank profitable?
No: it lost $1.87 million from January 1 to December 31, 2001. Its return on assets was -4.88% a year; about 1% is typical.
Who owns Net First National Bank?
Net First National Bank is owned by Net First Financial Corp, its holding company.
When did Net First National Bank fail?
Mar 1, 2002. Bank Leumi of New York, NY took over its deposits.
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.