First Bank in city_name, state_name - Detailed Financial Reports, Location

First Bank in Clewiston, Florida (FL)
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First Bank - Overview

General
FDIC Certificate #: 9620
Status: Active
Federal Reserve ID: 131436
Bank Holding Company (Regulatory Top Holder): Pioneer Bankcorp, Inc. (RSSDID: 2061162, Location: Clewiston, FL)
Date Established: January 01, 1922
WWW: http://www.first1bank.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 13673
FDIC's unique #: 6147
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 300 East Sugarland Highway, Clewiston, FL 33440
County: Hendry
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: South Florida
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Clewiston, FL (#17500)
CBSA Micro Statistical Area: Yes
History of Changes
Name Change
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $229.9 mil
Equity capital: $20.5 mil
Deposits held in domestic offices: $203.6 mil
Return on assets (ROA): -0.45% (-$1.0 mil)
Quarterly return on assets: 0.58% ($1.3 mil)
Return on Equity (ROE): -5.47% (-$1.1 mil)
Quarterly return on equity: 6.72% ($1.4 mil)
Net income: -$1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: -0.88% (-$2,023.1 mil)
Quarterly Pretax return on assets: 0.50% ($1,149.5 mil)

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

2000 - 2011 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, 2011)

Dollar figures in thousands
79Total employees (full-time equivalent)
$229,895Total assets
$12,151Cash and due from depository institutions
$2,213Interest-bearing balances
$13,866Securities
$0Federal funds sold & reverse repurchase agreements
$174,905Net loans & leases
$4,145Loan loss allowance
$0Trading account assets
$11,400Bank premises and fixed assets
$6,135Other real estate owned
$0Goodwill and other intangibles
$229,894Life insurance assets
$11,438All other assets
$209,375Total liabilities and capital
$203,609Total liabilities
$149,316Total deposits
$203,609Interest-bearing deposits
$85Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$5,000Trading liabilities
$0Other borrowed funds
$766Subordinated debt
$20,519All other liabilities
$20,519Total equity capital
$20,519Total bank equity capital
$0Perpetual preferred stock
$1,516Common stock
$7,583Surplus
$11,420Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,727Income earned, not collected on loans
$301Earning assets
$1,041Long-term assets (5+ years)
$190,984Average Assets, year-to-date
$80,422Average Assets, quarterly
$242,219Volatile liabilities
$234,895Insider loans
$185,915FHLB advances
$227,826Loans and leases held for sale
$4,489Unused loan commitments
$4,489Tier 1 (core) risk-based capital
$18,247Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$25,567Restructured Loans and leases
$4,350Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$10,649Total interest income
$2,086Total interest expense
$8,563Net interest income
$3,446Provision for loan and lease losses
$1,947Total noninterest income
$0Fiduciary activities
$1,015Service charges on deposit accounts
$0Trading account gains & fees
$932Additional noninterest income
$9,194Total noninterest expense
$4,490Salaries and employee benefits
$1,172Premises and equipment expense
$3,532Additional noninterest expense
-$2,130Pre-tax net operating income
$1Securities gains (losses)
-$1,051Applicable income taxes
-$1,078Income before extraordinary items
$0Extraordinary gains - net
-$1,078Net income attributable to bank
$0Net charge-offs
-$1,078Cash dividends
$3,015Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.25%Yield on earning assets
1.03%Cost of funding earning assets
4.22%Net interest margin
0.96%Noninterest income to earning assets
4.53%Noninterest expense to earning assets
-0.45%Net operating income to assets
-0.45%Return on assets (ROA)
-0.88%Pretax return on assets
-5.47%Return on equity (ROE)
-5.47%Retained earnings to average equity (YTD only)
1.68%Net charge-offs to loans
114.30%Credit loss provision to net charge-offs
0.44%Efficiency ratio
87,479Assets per employee
2.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.31%Loss allowance to noncurrent loans
61.62%Noncurrent assets plus other real estate owned to assets
5.59%Noncurrent loans to loans
3.76%Net loans and leases to deposits
85.90%Net loans and leases to core deposits
95.24%Equity capital to assets
8.93%Core capital (leverage) ratio
8.01%Tier 1 risk-based capital ratio
9.81%Total risk-based capital ratio
Memoranda
$11Average assets
$242,219Average earning assets
$19,723Average equity
$203,020Average loans

List of branches

6 Florida Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	6147	First Bank	300 East Sugarland Highway, Clewiston, FL 33440	January 01, 1922	Full Service Brick and Mortar
1	220704	Drive-In Facility	Deane Duff Avenue And Sagamore Street, Clewiston, FL 33440	Febuary 07, 1974	Limited Service Facility
2	220705	La Belle Branch	301 Hwy 80 W, La Belle, FL 33935	June 12, 1981	Full Service Brick and Mortar
3	220706	Berner Road Branch	101 South Berner Road, Clewiston, FL 33440	July 15, 1996	Full Service Brick and Mortar
4	430428	Ft. Myers Branch	11741 Palm Beach Blvd, Suite 100, Fort Myers, FL 33905	June 14, 2004	Full Service Brick and Mortar
5	493520	Moore Haven Branch	1212 N Us Hwy 27 Sw, Moore Haven, FL 33471	July 01, 2008	Full Service Brick and Mortar

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

First Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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