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

This bank is inactive as of September 22, 1995

First Bank of Crestview in Crestview, Florida (FL)
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First Bank of Crestview - Overview

General
FDIC Certificate #: 138
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: sSouthTrust Bank of Northwest Florida (#15451)
Federal Reserve ID: 70834
Date Established: January 01, 1918
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
FDIC's unique #: 105
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: January 01, 1934
Last Structure Change Effective Date: September 22, 1995
Last Structure Change Process Date: October 26, 1995
Last Data Update: October 26, 1995
Data Source Date: April 05, 2012
Location
Address: 361 North Main, Crestview, FL 32536
County: Okaloosa
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Pensacola
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Fort Walton Beach, FL (#2750)
Core Based Statistical Area (CBSA): Crestview-Fort Walton Beach-Destin, FL (#18880)
CBSA Metro Statistical Area: Crestview-Fort Walton Beach-Destin, FL (#18880)
Financial Summary
Total assets: $53.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$33Total assets
$50,339Cash and due from depository institutions
$1,992Interest-bearing balances
$0Securities
$21,244Federal funds sold & reverse repurchase agreements
$2,331Net loans & leases
$22,262Loan loss allowance
$293Trading account assets
$0Bank premises and fixed assets
$779Other real estate owned
$645Goodwill and other intangibles
$1,086Life insurance assets
$0All other assets
$0Total liabilities and capital
$50,339Total liabilities
$45,851Total deposits
$45,315Interest-bearing deposits
$37,574Deposits held in domestic offices
45315.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$280Subordinated debt
$0All other liabilities
$256Total equity capital
$256Total bank equity capital
$4,488Perpetual preferred stock
$0Common stock
$400Surplus
$2,400Undivided profits
Memoranda
$1,688Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$89Income earned, not collected on loans
$159Earning assets
$45,837Long-term assets (5+ years)
$11,006Average Assets, year-to-date
$48,407Average Assets, quarterly
$50,481Volatile liabilities
$8,336Insider loans
$838FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,567Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,233Total risk weighted assets
$27,155Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,549Total interest expense
$1,294Net interest income
$2,255Provision for loan and lease losses
$28Total noninterest income
$354Fiduciary activities
$0Service charges on deposit accounts
$286Trading account gains & fees
$0Additional noninterest income
$68Total noninterest expense
$1,911Salaries and employee benefits
$1,035Premises and equipment expense
$255Additional noninterest expense
$621Pre-tax net operating income
$670Securities gains (losses)
$24Applicable income taxes
$163Income before extraordinary items
$531Extraordinary gains - net
$0Net income attributable to bank
$531Net charge-offs
$26Cash dividends
$32Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.06%Cost of funding earning assets
2.94%Net interest margin
5.12%Noninterest income to earning assets
0.80%Noninterest expense to earning assets
4.34%Net operating income to assets
1.06%Return on assets (ROA)
1.10%Pretax return on assets
1.43%Return on equity (ROE)
11.57%Retained earnings to average equity (YTD only)
10.88%Net charge-offs to loans
0.12%Credit loss provision to net charge-offs
107.69%Efficiency ratio
73,246Assets per employee
1.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
6.03%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
329.21%Noncurrent assets plus other real estate owned to assets
1.46%Noncurrent loans to loans
0.39%Net loans and leases to deposits
49.13%Net loans and leases to core deposits
60.20%Equity capital to assets
8.92%Core capital (leverage) ratio
10.24%Tier 1 risk-based capital ratio
19.27%Total risk-based capital ratio
Memoranda
$20Average assets
$48,407Average earning assets
$4,588Average equity
$44,027Average loans

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