First National Bank of Nassau County in city_name, state_name

First National Bank of Nassau County in Fernandina Beach, Florida (FL)
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First National Bank of Nassau County - Overview

General
FDIC Certificate #: 35049
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: CBC NATIONAL BANK (#35309)
Federal Reserve ID: 2771797
Date Established: July 26, 1999
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 74353
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: July 26, 1999
Last Structure Change Effective Date: August 10, 2008
Last Structure Change Process Date: September 26, 2008
Last Data Update: September 26, 2008
Data Source Date: April 05, 2012
Location
Address: 1891 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: $260.1 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, 2007)

Dollar figures in thousands
59Total employees (full-time equivalent)
$241,927Total assets
$4,754Cash and due from depository institutions
$1,510Interest-bearing balances
$43,387Securities
$1,452Federal funds sold & reverse repurchase agreements
$168,510Net loans & leases
$1,993Loan loss allowance
$0Trading account assets
$3,870Bank premises and fixed assets
$319Other real estate owned
$10,871Goodwill and other intangibles
$4,483Life insurance assets
$8,764All other assets
$241,927Total liabilities and capital
$208,940Total liabilities
$187,705Total deposits
$173,106Interest-bearing deposits
$187,705Deposits held in domestic offices
0.00%% insured (estimated)
$2,000Federal funds purchased & repurchase agreements
$0Trading liabilities
$17,273Other borrowed funds
$0Subordinated debt
$1,962All other liabilities
$32,987Total equity capital
$32,987Total bank equity capital
$32,987Perpetual preferred stock
$0Common stock
$3,500Surplus
$24,878Undivided profits
Memoranda
$4,609Noncurrent loans and leases
$37,736Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,733Earning assets
$0Long-term assets (5+ years)
$1,136Average Assets, year-to-date
$214,859Average Assets, quarterly
$65,787Volatile liabilities
$235,720Insider loans
$238,066FHLB advances
$70,014Loans and leases held for sale
$4,991Unused loan commitments
$17,273Tier 1 (core) risk-based capital
$59,054Tier 2 risk-based capital
$19,552Total risk weighted assets
$37,736Total unused commitments
$0Restructured Loans and leases
$2,011Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$15,587Total interest income
$8,193Total interest expense
$7,394Net interest income
$252Provision for loan and lease losses
$1,522Total noninterest income
$0Fiduciary activities
$348Service charges on deposit accounts
$0Trading account gains & fees
$1,174Additional noninterest income
$5,700Total noninterest expense
$3,565Salaries and employee benefits
$489Premises and equipment expense
$1,646Additional noninterest expense
$2,964Pre-tax net operating income
$6Securities gains (losses)
$916Applicable income taxes
$2,054Income before extraordinary items
$0Extraordinary gains - net
$2,054Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$79Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.48%Yield on earning assets
3.93%Cost of funding earning assets
3.55%Net interest margin
0.73%Noninterest income to earning assets
2.73%Noninterest expense to earning assets
0.87%Net operating income to assets
0.87%Return on assets (ROA)
1.26%Pretax return on assets
6.46%Return on equity (ROE)
6.46%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
318.99%Credit loss provision to net charge-offs
40.71%Efficiency ratio
60,778Assets per employee
4.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
115.00%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
1.02%Net loans and leases to deposits
89.77%Net loans and leases to core deposits
138.13%Equity capital to assets
13.64%Core capital (leverage) ratio
9.91%Tier 1 risk-based capital ratio
12.54%Total risk-based capital ratio
Memoranda
$14Average assets
$235,720Average earning assets
$31,786Average equity
$208,479Average loans

First National Bank of Nassau County in Fernandina Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Nassau County - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

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

First National Bank of Nassau County in Fernandina Beach, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Nassau County - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

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

First National Bank of Nassau County in Fernandina Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches