Citizens Federal Savings Association in Jacksonville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 29, 1994

  • Citizens Federal Savings Association in Jacksonville, Florida (FL)
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Citizens Federal Savings Association - Overview

  • General
  • FDIC Certificate #: 33518
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: The Gordon Bank (#33904)
    Federal Reserve ID: 1219005
    Date Established: October 16, 1991
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9473
    FDIC's unique #: 47290
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: October 16, 1991
    Last Structure Change Effective Date: April 29, 1994
    Last Structure Change Process Date: June 09, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 930 University Boulevard, Jacksonville, FL 32211
    County: Duval
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Jacksonville, FL (#3600)
    Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
    CBSA Metro Statistical Area: Jacksonville, FL (#27260)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
    Office Sold
  • Financial Summary
  • Total assets: $21.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $18Total assets
  • $21,784Cash and due from depository institutions
  • $3,604Interest-bearing balances
  • $3,264Securities
  • $12,184Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $373Loan loss allowance
  • $419Trading account assets
  • $0Bank premises and fixed assets
  • $1,034Other real estate owned
  • $1,134Goodwill and other intangibles
  • $3,455Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $21,784Total liabilities
  • $29,439Total deposits
  • $29,241Interest-bearing deposits
  • $29,241Deposits held in domestic offices
  • 29241.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $198Total equity capital
  • $198Total bank equity capital
  • $-7,655Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-7,655Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $257Income earned, not collected on loans
  • $4Earning assets
  • $15,821Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $25,250Average Assets, quarterly
  • $21,805Volatile liabilities
  • $568Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-7,655Total risk weighted assets
  • $8,843Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $724Total interest expense
  • $1,418Net interest income
  • -$694Provision for loan and lease losses
  • $0Total noninterest income
  • $866Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $866Total noninterest expense
  • $1,457Salaries and employee benefits
  • $532Premises and equipment expense
  • $327Additional noninterest expense
  • $598Pre-tax net operating income
  • -$1,285Securities gains (losses)
  • $7Applicable income taxes
  • $0Income before extraordinary items
  • -$1,278Extraordinary gains - net
  • $0Net income attributable to bank
  • -$1,278Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 3.75%Cost of funding earning assets
  • 7.34%Net interest margin
  • -3.59%Noninterest income to earning assets
  • 4.48%Noninterest expense to earning assets
  • 7.54%Net operating income to assets
  • -5.09%Return on assets (ROA)
  • -5.06%Pretax return on assets
  • -5.06%Return on equity (ROE)
  • 17.52%Retained earnings to average equity (YTD only)
  • 17.52%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 847,093Assets per employee
  • 1.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 52.90%Loss allowance to noncurrent loans
  • 163.04%Noncurrent assets plus other real estate owned to assets
  • 6.39%Noncurrent loans to loans
  • 32.45%Net loans and leases to deposits
  • 1.28%Net loans and leases to core deposits
  • 1.30%Equity capital to assets
  • -35.14%Core capital (leverage) ratio
  • -35.14%Tier 1 risk-based capital ratio
  • -86.57%Total risk-based capital ratio
  • Memoranda
  • -$87Average assets
  • $25,250Average earning assets
  • -$7,296Average equity
  • $19,313Average loans

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