Citizens First National Bank in Crescent City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1999

  • Citizens First National Bank in Crescent City, Florida (FL)
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Citizens First National Bank - Overview

  • General
  • FDIC Certificate #: 24541
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank (#27515)
    Federal Reserve ID: 941532
    Date Established: April 15, 1983
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 17046
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 15, 1983
    Last Structure Change Effective Date: July 01, 1999
    Last Structure Change Process Date: July 20, 1999
    Last Data Update: July 20, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 North Summit Street, Crescent City, FL 32112
    County: Putnam
    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
    Core Based Statistical Area (CBSA): Palatka, FL (#37260)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $60.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1998)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $57,182Total assets
  • $3,322Cash and due from depository institutions
  • $0Interest-bearing balances
  • $10,301Securities
  • $4,643Federal funds sold & reverse repurchase agreements
  • $36,371Net loans & leases
  • $374Loan loss allowance
  • $0Trading account assets
  • $1,073Bank premises and fixed assets
  • $172Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,300All other assets
  • $57,182Total liabilities and capital
  • $52,366Total liabilities
  • $51,885Total deposits
  • $41,586Interest-bearing deposits
  • $51,885Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $481All other liabilities
  • $4,816Total equity capital
  • $4,816Total bank equity capital
  • $4,816Perpetual preferred stock
  • $0Common stock
  • $1,099Surplus
  • $1,190Undivided profits
  • Memoranda
  • $2,527Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $455Earning assets
  • $208Long-term assets (5+ years)
  • $323Average Assets, year-to-date
  • $51,315Average Assets, quarterly
  • $16,632Volatile liabilities
  • $54,832Insider loans
  • $55,909FHLB advances
  • $4,131Loans and leases held for sale
  • $1,582Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,732Total unused commitments
  • $0Restructured Loans and leases
  • $34,052Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $4,144Total interest income
  • $1,606Total interest expense
  • $2,538Net interest income
  • $10Provision for loan and lease losses
  • $411Total noninterest income
  • $0Fiduciary activities
  • $338Service charges on deposit accounts
  • $0Trading account gains & fees
  • $73Additional noninterest income
  • $2,241Total noninterest expense
  • $1,132Salaries and employee benefits
  • $379Premises and equipment expense
  • $730Additional noninterest expense
  • $698Pre-tax net operating income
  • -$1Securities gains (losses)
  • $235Applicable income taxes
  • $462Income before extraordinary items
  • $0Extraordinary gains - net
  • $462Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $45Sale, conversion, retirement of capital stock, net
  • $88Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.43%Yield on earning assets
  • 3.27%Cost of funding earning assets
  • 5.16%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 4.56%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 9.98%Return on equity (ROE)
  • 8.08%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 22.22%Credit loss provision to net charge-offs
  • 15.73%Efficiency ratio
  • 75,992Assets per employee
  • 1.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.05%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 82.20%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 1.24%Net loans and leases to deposits
  • 70.10%Net loans and leases to core deposits
  • 76.16%Equity capital to assets
  • 8.42%Core capital (leverage) ratio
  • 8.70%Tier 1 risk-based capital ratio
  • 14.13%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $54,832Average earning assets
  • $4,628Average equity
  • $49,185Average loans

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