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

This bank is inactive as of January 07, 2011

  • First Commercial Bank of Florida in Orlando, Florida (FL)
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First Commercial Bank of Florida - Overview

  • General
  • FDIC Certificate #: 34965
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: First Southern Bank (#27044)
    Federal Reserve ID: 2737029
    Date Established: April 21, 1999
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Interstate: No)
    FDIC's unique #: 62139
    Numeric code: 13
    Regulator: FED
    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: April 21, 1999
    Last Structure Change Effective Date: January 07, 2011
    Last Structure Change Process Date: January 10, 2011
    Last Data Update: January 10, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 945 South Orange Avenue, Orlando, FL 32806
    County: Orange
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • Financial Summary
  • Total assets: $578.6 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, 2010)

  • Dollar figures in thousands
  • 85Total employees (full-time equivalent)
  • $578,638Total assets
  • $116,294Cash and due from depository institutions
  • $112,040Interest-bearing balances
  • $180Securities
  • $250Federal funds sold & reverse repurchase agreements
  • $425,116Net loans & leases
  • $37,000Loan loss allowance
  • $0Trading account assets
  • $11,168Bank premises and fixed assets
  • $15,558Other real estate owned
  • $0Goodwill and other intangibles
  • $2,811Life insurance assets
  • $10,072All other assets
  • $578,638Total liabilities and capital
  • $591,750Total liabilities
  • $537,223Total deposits
  • $503,463Interest-bearing deposits
  • $537,223Deposits held in domestic offices
  • 98.27%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $33,500Other borrowed funds
  • $17,000Subordinated debt
  • $4,027All other liabilities
  • $-13,112Total equity capital
  • $-13,112Total bank equity capital
  • $-13,112Perpetual preferred stock
  • $0Common stock
  • $6,768Surplus
  • $19,190Undivided profits
  • Memoranda
  • $-39,070Noncurrent loans and leases
  • $10,453Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $117,880Earning assets
  • $0Long-term assets (5+ years)
  • $975Average Assets, year-to-date
  • $537,586Average Assets, quarterly
  • $2,338Volatile liabilities
  • $633,511Insider loans
  • $588,586FHLB advances
  • $57,179Loans and leases held for sale
  • $1,909Unused loan commitments
  • $33,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,453Total unused commitments
  • $21,422Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $22,453Total interest income
  • $13,600Total interest expense
  • $8,853Net interest income
  • $41,212Provision for loan and lease losses
  • -$3,075Total noninterest income
  • $0Fiduciary activities
  • $512Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$3,587Additional noninterest income
  • $13,281Total noninterest expense
  • $4,705Salaries and employee benefits
  • $1,214Premises and equipment expense
  • $7,362Additional noninterest expense
  • -$48,715Pre-tax net operating income
  • $449Securities gains (losses)
  • $4,853Applicable income taxes
  • -$53,119Income before extraordinary items
  • $0Extraordinary gains - net
  • -$53,119Net income attributable to bank
  • $0Net charge-offs
  • -$53,119Cash dividends
  • $17,102Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.91%Yield on earning assets
  • 2.37%Cost of funding earning assets
  • 1.54%Net interest margin
  • -0.54%Noninterest income to earning assets
  • 2.31%Noninterest expense to earning assets
  • -8.46%Net operating income to assets
  • -8.38%Return on assets (ROA)
  • -7.62%Pretax return on assets
  • -253.16%Return on equity (ROE)
  • -253.16%Retained earnings to average equity (YTD only)
  • 3.49%Net charge-offs to loans
  • 240.98%Credit loss provision to net charge-offs
  • -0.44%Efficiency ratio
  • 229,855Assets per employee
  • 6.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 8.01%Loss allowance to noncurrent loans
  • 31.39%Noncurrent assets plus other real estate owned to assets
  • 23.06%Noncurrent loans to loans
  • 25.51%Net loans and leases to deposits
  • 79.13%Net loans and leases to core deposits
  • 83.84%Equity capital to assets
  • -2.27%Core capital (leverage) ratio
  • -2.22%Tier 1 risk-based capital ratio
  • -2.92%Total risk-based capital ratio
  • Memoranda
  • -$3Average assets
  • $633,511Average earning assets
  • $20,982Average equity
  • $573,833Average loans

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