First Federal Savings Bank of Lake County in city_name, state_name

First Federal Savings Bank of Lake County in Leesburg, Florida (FL)
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First Federal Savings Bank of Lake County - Overview

General
FDIC Certificate #: 28856
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colonial Bank (#9609)
Federal Reserve ID: 522874
Date Established: April 01, 1934
WWW: http://www.1stfederal.com
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 2499
FDIC's unique #: 41690
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: November 15, 1934
Last Structure Change Effective Date: June 02, 2005
Last Structure Change Process Date: June 14, 2005
Last Data Update: June 14, 2005
Data Source Date: April 05, 2012
Location
Address: 800 North Boulevard West, Leesburg, FL 34748
County: Lake
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): 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: $1,112.4 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, 2004)

Dollar figures in thousands
264Total employees (full-time equivalent)
$1,065,217Total assets
$64,501Cash and due from depository institutions
$43,915Interest-bearing balances
$74,513Securities
$0Federal funds sold & reverse repurchase agreements
$881,283Net loans & leases
$6,127Loan loss allowance
$0Trading account assets
$22,392Bank premises and fixed assets
$4,240Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$18,288All other assets
$1,065,217Total liabilities and capital
$979,194Total liabilities
$805,354Total deposits
$755,958Interest-bearing deposits
$805,354Deposits held in domestic offices
0.00%% insured (estimated)
$17,032Federal funds purchased & repurchase agreements
$0Trading liabilities
$154,150Other borrowed funds
$0Subordinated debt
$2,658All other liabilities
$86,023Total equity capital
$86,023Total bank equity capital
$86,023Perpetual preferred stock
$0Common stock
$1Surplus
$19,564Undivided profits
Memoranda
$66,458Noncurrent loans and leases
$176,917Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,523Earning assets
$0Long-term assets (5+ years)
$3,818Average Assets, year-to-date
$999,711Average Assets, quarterly
$0Volatile liabilities
$1,009,300Insider loans
$1,052,552FHLB advances
$394,104Loans and leases held for sale
$16,464Unused loan commitments
$153,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$176,917Total unused commitments
$251Restructured Loans and leases
$6,127Derivatives

Income and Expense (December 31, 2004)

Dollar figures in thousands
$55,390Total interest income
$23,032Total interest expense
$32,358Net interest income
$1,675Provision for loan and lease losses
$3,846Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,846Additional noninterest income
$18,171Total noninterest expense
$10,976Salaries and employee benefits
$4,662Premises and equipment expense
$2,533Additional noninterest expense
$16,358Pre-tax net operating income
$491Securities gains (losses)
$6,446Applicable income taxes
$10,403Income before extraordinary items
$0Extraordinary gains - net
$10,403Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$907Sale, conversion, retirement of capital stock, net
$3,300Net operating income

Performance and Condition Ratios (December 31, 2004)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.97%Yield on earning assets
2.48%Cost of funding earning assets
3.49%Net interest margin
0.41%Noninterest income to earning assets
1.96%Noninterest expense to earning assets
1.00%Net operating income to assets
1.03%Return on assets (ROA)
1.67%Pretax return on assets
12.51%Return on equity (ROE)
8.54%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
184.67%Credit loss provision to net charge-offs
19.88%Efficiency ratio
50,191Assets per employee
4.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.72%Loss allowance to loans
0.69%Loss allowance to noncurrent loans
242.85%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
0.28%Net loans and leases to deposits
109.43%Net loans and leases to core deposits
151.31%Equity capital to assets
8.08%Core capital (leverage) ratio
7.70%Tier 1 risk-based capital ratio
10.89%Total risk-based capital ratio
Memoranda
$12Average assets
$1,009,300Average earning assets
$83,164Average equity
$927,323Average loans

First Federal Savings Bank of Lake County in Leesburg, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings Bank of Lake County - Overview

Assets and Liabilities (December 31, 2004)

Income and Expense (December 31, 2004)

Performance and Condition Ratios (December 31, 2004)

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

First Federal Savings Bank of Lake County in Leesburg, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings Bank of Lake County - Overview

Assets and Liabilities (December 31, 2004)

Income and Expense (December 31, 2004)

Performance and Condition Ratios (December 31, 2004)

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

First Federal Savings Bank of Lake County in Leesburg, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches