First Federal Savings Bank of De Funiak Springs in Defuniak Springs, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 22, 1993

First Federal Savings Bank of De Funiak Springs in Defuniak Springs, Florida (FL)
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First Federal Savings Bank of De Funiak Springs - Overview

General
FDIC Certificate #: 31438
Status: Inactive
Closing history: Corrections
Acquiring institution: Regions Bank of Florida (#18114)
Federal Reserve ID: 135274
Date Established: April 22, 1964
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 6965
FDIC's unique #: 44272
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: April 22, 1964
Last Structure Change Effective Date: October 22, 1993
Last Structure Change Process Date: November 22, 1993
Last Data Update: November 22, 1993
Data Source Date: April 05, 2012
Location
Address: Corner Of Hwy 90 & Nelson Avenue, Defuniak Springs, FL 32433
County: Walton
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
History of Changes
Merger - Without Assistance
Change in Location
Corrections
Financial Summary
Total assets: $89.3 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$39Total assets
$92,566Cash and due from depository institutions
$10,720Interest-bearing balances
$8,572Securities
$10,296Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$66,377Loan loss allowance
$712Trading account assets
$0Bank premises and fixed assets
$1,388Other real estate owned
$2,124Goodwill and other intangibles
$1,661Life insurance assets
$0All other assets
$0Total liabilities and capital
$92,566Total liabilities
$86,449Total deposits
$85,499Interest-bearing deposits
$83,327Deposits held in domestic offices
85499.00%% insured (estimated)
$99Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$950Total equity capital
$950Total bank equity capital
$6,117Perpetual preferred stock
$0Common stock
$1Surplus
$2,727Undivided profits
Memoranda
$3,389Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$972Income earned, not collected on loans
$383Earning assets
$85,245Long-term assets (5+ years)
$0Average Assets, year-to-date
$90,639Average Assets, quarterly
$91,740Volatile liabilities
$4,466Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,452Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,117Total risk weighted assets
$48,460Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$6,563Total interest expense
$3,723Net interest income
$2,840Provision for loan and lease losses
$11Total noninterest income
$864Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$864Total noninterest expense
$2,297Salaries and employee benefits
$959Premises and equipment expense
$616Additional noninterest expense
$722Pre-tax net operating income
$1,396Securities gains (losses)
$0Applicable income taxes
$367Income before extraordinary items
$1,029Extraordinary gains - net
$0Net income attributable to bank
$1,029Net charge-offs
$0Cash dividends
$551Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.02%Cost of funding earning assets
4.55%Net interest margin
3.47%Noninterest income to earning assets
1.06%Noninterest expense to earning assets
2.81%Net operating income to assets
1.14%Return on assets (ROA)
1.14%Pretax return on assets
1.54%Return on equity (ROE)
17.18%Retained earnings to average equity (YTD only)
7.98%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,014Assets per employee
2.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.55%Loss allowance to loans
1.06%Loss allowance to noncurrent loans
73.25%Noncurrent assets plus other real estate owned to assets
3.34%Noncurrent loans to loans
1.45%Net loans and leases to deposits
77.63%Net loans and leases to core deposits
81.91%Equity capital to assets
6.61%Core capital (leverage) ratio
6.61%Tier 1 risk-based capital ratio
12.62%Total risk-based capital ratio
Memoranda
$14Average assets
$90,639Average earning assets
$5,990Average equity
$81,829Average loans

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