Citizens First Bank of Ocala in Ocala, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 19, 1996

Citizens First Bank of Ocala in Ocala, Florida (FL)
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Citizens First Bank of Ocala - Overview

General
FDIC Certificate #: 22830
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citizens National Bank of Leesburg (#17203)
Federal Reserve ID: 420831
Date Established: March 30, 1979
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
FDIC's unique #: 15947
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: March 30, 1979
Last Structure Change Effective Date: April 19, 1996
Last Structure Change Process Date: May 01, 1996
Last Data Update: May 01, 1996
Data Source Date: April 05, 2012
Location
Address: Highway 200 And 16th Avenue, S.W., Ocala, FL 32670
County: Marion
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): Ocala, FL (#5790)
Core Based Statistical Area (CBSA): Ocala, FL (#36100)
CBSA Metro Statistical Area: Ocala, FL (#36100)
Financial Summary
Total assets: $39.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$24Total assets
$39,759Cash and due from depository institutions
$2,102Interest-bearing balances
$1Securities
$8,638Federal funds sold & reverse repurchase agreements
$1,236Net loans & leases
$25,314Loan loss allowance
$405Trading account assets
$0Bank premises and fixed assets
$1,885Other real estate owned
$0Goodwill and other intangibles
$584Life insurance assets
$0All other assets
$0Total liabilities and capital
$39,759Total liabilities
$35,287Total deposits
$34,715Interest-bearing deposits
$28,461Deposits held in domestic offices
34715.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$572Total equity capital
$572Total bank equity capital
$4,472Perpetual preferred stock
$0Common stock
$750Surplus
$2,660Undivided profits
Memoranda
$1,062Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$298Income earned, not collected on loans
$180Earning assets
$35,189Long-term assets (5+ years)
$2,373Average Assets, year-to-date
$38,060Average Assets, quarterly
$39,761Volatile liabilities
$4,161Insider loans
$545FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,743Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,239Total risk weighted assets
$27,233Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,130Total interest expense
$1,194Net interest income
$1,936Provision for loan and lease losses
$0Total noninterest income
$579Fiduciary activities
$0Service charges on deposit accounts
$437Trading account gains & fees
$0Additional noninterest income
$142Total noninterest expense
$1,660Salaries and employee benefits
$778Premises and equipment expense
$263Additional noninterest expense
$619Pre-tax net operating income
$855Securities gains (losses)
$15Applicable income taxes
$10Income before extraordinary items
$860Extraordinary gains - net
-$206Net income attributable to bank
$654Net charge-offs
$5Cash dividends
$0Sale, conversion, retirement of capital stock, net
$800Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.25%Cost of funding earning assets
3.53%Net interest margin
5.72%Noninterest income to earning assets
1.71%Noninterest expense to earning assets
4.91%Net operating income to assets
2.22%Return on assets (ROA)
1.72%Pretax return on assets
1.74%Return on equity (ROE)
17.44%Retained earnings to average equity (YTD only)
17.44%Net charge-offs to loans
0.02%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,004Assets per employee
1.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.57%Loss allowance to noncurrent loans
135.91%Noncurrent assets plus other real estate owned to assets
0.75%Noncurrent loans to loans
1.16%Net loans and leases to deposits
72.92%Net loans and leases to core deposits
82.85%Equity capital to assets
11.25%Core capital (leverage) ratio
10.33%Tier 1 risk-based capital ratio
15.57%Total risk-based capital ratio
Memoranda
$17Average assets
$38,060Average earning assets
$3,751Average equity
$33,843Average loans

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