First Guaranty Bank and Trust Company of Jacksonville - Overview
General
FDIC Certificate #: 16579 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:CenterState Bank of Florida, National Association (#33555) Federal Reserve ID: 895831 Date Established: May 29, 1947 WWW:http://www.firstguarantybank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Domestic: 8, Interstate: No) OTS Docket #: 15504 FDIC's unique #: 10725 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: May 29, 1947 Last Structure Change Effective Date: January 27, 2012 Last Structure Change Process Date: January 30, 2012 Last Data Update: January 30, 2012 Data Source Date: April 05, 2012
Location
Address: 1234 King Street, Jacksonville, FL 32203 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: $397.1 mil Equity capital: $2.4 mil Deposits held in domestic offices: $378.3 mil Return on assets (ROA): -2.47% (-$9.8 mil) Quarterly return on assets: -3.88% (-$15.4 mil) Return on Equity (ROE): -121.81% (-$2.4 mil) Quarterly return on equity: -345.48% (-$6.9 mil) Net income: -$10.0 mil Quarterly Net income: -$3.8 mil Pretax return on assets: -2.47% (-$9,807.9 mil) Quarterly Pretax return on assets: -3.88% (-$15,406.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
80Total employees (full-time equivalent)
$397,082Total assets
$90,383Cash and due from depository institutions
$85,573Interest-bearing balances
$3,508Securities
$0Federal funds sold & reverse repurchase agreements
$258,009Net loans & leases
$15,131Loan loss allowance
$0Trading account assets
$18,526Bank premises and fixed assets
$16,371Other real estate owned
$0Goodwill and other intangibles
$397,082Life insurance assets
$10,285All other assets
$394,647Total liabilities and capital
$378,309Total liabilities
$316,087Total deposits
$378,309Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$15,000Trading liabilities
$0Other borrowed funds
$1,338Subordinated debt
$2,435All other liabilities
$2,435Total equity capital
$2,435Total bank equity capital
$0Perpetual preferred stock
$1,820Common stock
$1,820Surplus
$-1,205Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$96,498Income earned, not collected on loans
$0Earning assets
$785Long-term assets (5+ years)
$347,090Average Assets, year-to-date
$29,861Average Assets, quarterly
$403,655Volatile liabilities
$387,488Insider loans
$287,635FHLB advances
$401,210Loans and leases held for sale
$2,654Unused loan commitments
$2,654Tier 1 (core) risk-based capital
$2,427Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$14,374Restructured Loans and leases
$257Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$12,444Total interest income
$5,797Total interest expense
$6,647Net interest income
$2,196Provision for loan and lease losses
$1,414Total noninterest income
$1,370Fiduciary activities
$689Service charges on deposit accounts
$0Trading account gains & fees
-$645Additional noninterest income
$16,338Total noninterest expense
$5,585Salaries and employee benefits
$1,733Premises and equipment expense
$9,020Additional noninterest expense
-$10,473Pre-tax net operating income
$497Securities gains (losses)
$0Applicable income taxes
-$9,976Income before extraordinary items
$0Extraordinary gains - net
-$9,976Net income attributable to bank
$0Net charge-offs
-$9,976Cash dividends
$4,896Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.52%Yield on earning assets
1.64%Cost of funding earning assets
1.88%Net interest margin
0.40%Noninterest income to earning assets
4.62%Noninterest expense to earning assets
-2.59%Net operating income to assets
-2.47%Return on assets (ROA)
-2.47%Pretax return on assets
-121.81%Return on equity (ROE)
-121.81%Retained earnings to average equity (YTD only)
1.67%Net charge-offs to loans
44.85%Credit loss provision to net charge-offs
-1.69%Efficiency ratio
202,680Assets per employee
4.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.54%Loss allowance to noncurrent loans
15.68%Noncurrent assets plus other real estate owned to assets
28.42%Noncurrent loans to loans
35.33%Net loans and leases to deposits
68.20%Net loans and leases to core deposits
74.85%Equity capital to assets
0.61%Core capital (leverage) ratio
0.60%Tier 1 risk-based capital ratio
0.84%Total risk-based capital ratio
Memoranda
$2Average assets
$403,655Average earning assets
$8,190Average equity
$353,281Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
First Guaranty Bank and Trust Company of Jacksonville
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