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

First Coast Community Bank in Fernandina Beach, Florida (FL)
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First Coast Community Bank - Overview

General
FDIC Certificate #: 27075
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Synovus Bank (#873)
Federal Reserve ID: 1157219
Date Established: October 15, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 38680
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: October 15, 1987
Last Structure Change Effective Date: June 01, 2010
Last Structure Change Process Date: June 14, 2010
Last Data Update: June 14, 2010
Data Source Date: April 05, 2012
Location
Address: 1750 South 14th Street, Fernandina Beach, FL 32034
County: Nassau
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: $266.9 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
43Total employees (full-time equivalent)
$270,316Total assets
$2,953Cash and due from depository institutions
$0Interest-bearing balances
$17,770Securities
$27,704Federal funds sold & reverse repurchase agreements
$203,688Net loans & leases
$5,849Loan loss allowance
$0Trading account assets
$6,654Bank premises and fixed assets
$4,016Other real estate owned
$367Goodwill and other intangibles
$0Life insurance assets
$7,164All other assets
$270,316Total liabilities and capital
$248,464Total liabilities
$244,044Total deposits
$223,326Interest-bearing deposits
$244,044Deposits held in domestic offices
81.45%% insured (estimated)
$1,741Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,679All other liabilities
$21,852Total equity capital
$21,852Total bank equity capital
$21,852Perpetual preferred stock
$0Common stock
$2,000Surplus
$10,703Undivided profits
Memoranda
$9,149Noncurrent loans and leases
$29,439Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,874Earning assets
$1,188Long-term assets (5+ years)
$989Average Assets, year-to-date
$249,162Average Assets, quarterly
$74,596Volatile liabilities
$276,101Insider loans
$273,385FHLB advances
$92,753Loans and leases held for sale
$5,371Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$29,439Total unused commitments
$0Restructured Loans and leases
$2,820Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$14,211Total interest income
$4,647Total interest expense
$9,564Net interest income
$10,638Provision for loan and lease losses
$457Total noninterest income
$0Fiduciary activities
$954Service charges on deposit accounts
$0Trading account gains & fees
-$497Additional noninterest income
$7,800Total noninterest expense
$3,028Salaries and employee benefits
$933Premises and equipment expense
$3,839Additional noninterest expense
-$8,417Pre-tax net operating income
$244Securities gains (losses)
-$3,115Applicable income taxes
-$5,058Income before extraordinary items
$0Extraordinary gains - net
-$5,058Net income attributable to bank
$0Net charge-offs
-$5,058Cash dividends
$8,384Sale, conversion, retirement of capital stock, net
$889Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.46%Yield on earning assets
1.79%Cost of funding earning assets
3.68%Net interest margin
0.18%Noninterest income to earning assets
3.00%Noninterest expense to earning assets
-1.89%Net operating income to assets
-1.83%Return on assets (ROA)
-2.96%Pretax return on assets
-23.02%Return on equity (ROE)
-27.06%Retained earnings to average equity (YTD only)
3.79%Net charge-offs to loans
126.88%Credit loss provision to net charge-offs
0.26%Efficiency ratio
77,837Assets per employee
6.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
-17.58%Loss allowance to loans
2.79%Loss allowance to noncurrent loans
59.24%Noncurrent assets plus other real estate owned to assets
5.14%Noncurrent loans to loans
4.71%Net loans and leases to deposits
83.46%Net loans and leases to core deposits
133.10%Equity capital to assets
8.08%Core capital (leverage) ratio
7.86%Tier 1 risk-based capital ratio
9.60%Total risk-based capital ratio
Memoranda
$11Average assets
$276,101Average earning assets
$21,975Average equity
$260,189Average loans

First Coast Community Bank in Fernandina Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Coast Community Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

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

First Coast Community Bank in Fernandina Beach, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Coast Community Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

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

First Coast Community Bank in Fernandina Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches