Community First Bank in Jacksonville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 24, 1996

  • Community First Bank in Jacksonville, Florida (FL)
  • Show street view No street view available for this location

Community First Bank - Overview

  • General
  • FDIC Certificate #: 32085
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Compass Bank (#33461)
    Federal Reserve ID: 590574
    Date Established: April 15, 1981
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    OTS Docket #: 7833
    FDIC's unique #: 44919
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 15, 1981
    Last Structure Change Effective Date: August 24, 1996
    Last Structure Change Process Date: October 01, 1996
    Last Data Update: October 01, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 3740 Beach Boulevard, Jacksonville, FL 32207
    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)
  • Financial Summary
  • Total assets: $314.1 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)
  • $196Total assets
  • $309,290Cash and due from depository institutions
  • $18,511Interest-bearing balances
  • $5,610Securities
  • $65,385Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $210,193Loan loss allowance
  • $1,686Trading account assets
  • $0Bank premises and fixed assets
  • $4,692Other real estate owned
  • $141Goodwill and other intangibles
  • $3,406Life insurance assets
  • $6,962All other assets
  • $0Total liabilities and capital
  • $309,290Total liabilities
  • $291,005Total deposits
  • $261,280Interest-bearing deposits
  • $223,520Deposits held in domestic offices
  • 261280.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $13,650Trading liabilities
  • $0Other borrowed funds
  • $15,500Subordinated debt
  • $0All other liabilities
  • $575Total equity capital
  • $575Total bank equity capital
  • $18,285Perpetual preferred stock
  • $0Common stock
  • $3,850Surplus
  • $9,759Undivided profits
  • Memoranda
  • $4,676Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,031Income earned, not collected on loans
  • $1,374Earning assets
  • $281,188Long-term assets (5+ years)
  • $62,044Average Assets, year-to-date
  • $297,062Average Assets, quarterly
  • $309,645Volatile liabilities
  • $64,469Insider loans
  • $4,711FHLB advances
  • $0Loans and leases held for sale
  • $4,244Unused loan commitments
  • $33,120Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $18,671Total risk weighted assets
  • $176,699Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $21,741Total interest expense
  • $12,234Net interest income
  • $9,507Provision for loan and lease losses
  • $5Total noninterest income
  • $5,425Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,830Trading account gains & fees
  • $0Additional noninterest income
  • $3,595Total noninterest expense
  • $12,946Salaries and employee benefits
  • $6,051Premises and equipment expense
  • $2,310Additional noninterest expense
  • $4,585Pre-tax net operating income
  • $1,981Securities gains (losses)
  • $39Applicable income taxes
  • $543Income before extraordinary items
  • $1,477Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,477Net charge-offs
  • -$463Cash dividends
  • $65Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.09%Cost of funding earning assets
  • 4.55%Net interest margin
  • 3.54%Noninterest income to earning assets
  • 2.02%Noninterest expense to earning assets
  • 4.81%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 0.68%Return on equity (ROE)
  • 8.56%Retained earnings to average equity (YTD only)
  • 8.19%Net charge-offs to loans
  • -0.22%Credit loss provision to net charge-offs
  • -1.08%Efficiency ratio
  • 81,235Assets per employee
  • 1.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 4.40%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 83.01%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 0.96%Net loans and leases to deposits
  • 80.45%Net loans and leases to core deposits
  • 93.02%Equity capital to assets
  • 5.91%Core capital (leverage) ratio
  • 6.03%Tier 1 risk-based capital ratio
  • 10.57%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $297,062Average earning assets
  • $17,246Average equity
  • $268,882Average loans

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