FDIC Certificate #: 27573 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Ameris Bank (#20504) Federal Reserve ID: 1402405 Date Established: August 28, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 40358 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 28, 1989 Last Structure Change Effective Date: October 22, 2010 Last Structure Change Process Date: October 25, 2010 Last Data Update: October 25, 2010 Data Source Date: April 05, 2012
Location
Address: 11100 San Jose Boulevard, Jacksonville, FL 32223 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: $73.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
23Total employees (full-time equivalent)
$80,363Total assets
$2,627Cash and due from depository institutions
$27Interest-bearing balances
$4,098Securities
$5,916Federal funds sold & reverse repurchase agreements
$61,143Net loans & leases
$1,312Loan loss allowance
$0Trading account assets
$1,103Bank premises and fixed assets
$4,483Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$993All other assets
$80,363Total liabilities and capital
$75,496Total liabilities
$72,667Total deposits
$65,187Interest-bearing deposits
$72,667Deposits held in domestic offices
96.31%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,613Other borrowed funds
$0Subordinated debt
$216All other liabilities
$4,867Total equity capital
$4,867Total bank equity capital
$4,867Perpetual preferred stock
$0Common stock
$7,732Surplus
$1,881Undivided profits
Memoranda
$-4,746Noncurrent loans and leases
$3,213Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,115Earning assets
$0Long-term assets (5+ years)
$363Average Assets, year-to-date
$71,184Average Assets, quarterly
$16,579Volatile liabilities
$92,032Insider loans
$85,662FHLB advances
$24,916Loans and leases held for sale
$759Unused loan commitments
$2,613Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,213Total unused commitments
$5,448Restructured Loans and leases
$806Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$4,608Total interest income
$1,914Total interest expense
$2,694Net interest income
$2,908Provision for loan and lease losses
-$362Total noninterest income
$0Fiduciary activities
$100Service charges on deposit accounts
$0Trading account gains & fees
-$462Additional noninterest income
$3,471Total noninterest expense
$1,538Salaries and employee benefits
$347Premises and equipment expense
$1,586Additional noninterest expense
-$4,047Pre-tax net operating income
$652Securities gains (losses)
$778Applicable income taxes
-$4,173Income before extraordinary items
$0Extraordinary gains - net
-$4,173Net income attributable to bank
$0Net charge-offs
-$4,173Cash dividends
$3,474Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.50%Yield on earning assets
2.28%Cost of funding earning assets
3.21%Net interest margin
-0.43%Noninterest income to earning assets
4.14%Noninterest expense to earning assets
-5.24%Net operating income to assets
-4.53%Return on assets (ROA)
-3.69%Pretax return on assets
-57.47%Return on equity (ROE)
-57.47%Retained earnings to average equity (YTD only)
5.01%Net charge-offs to loans
83.71%Credit loss provision to net charge-offs
-0.33%Efficiency ratio
148,842Assets per employee
3.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
31.88%Noncurrent assets plus other real estate owned to assets
10.70%Noncurrent loans to loans
6.59%Net loans and leases to deposits
84.14%Net loans and leases to core deposits
128.05%Equity capital to assets
6.06%Core capital (leverage) ratio
5.60%Tier 1 risk-based capital ratio
7.60%Total risk-based capital ratio
Memoranda
$9Average assets
$92,032Average earning assets
$7,261Average equity
$83,853Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Bank of Jacksonville.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: