First Union National Bank of Florida in city_name, state_name

First Union National Bank of Florida in Jacksonville, Florida (FL)
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First Union National Bank of Florida - Overview

General
FDIC Certificate #: 24398
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Union National Bank (#4885)
Federal Reserve ID: 794037
Date Established: Febuary 14, 1983
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 578 (Interstate: No)
FDIC's unique #: 16976
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: Febuary 14, 1983
Last Structure Change Effective Date: June 05, 1997
Last Structure Change Process Date: June 16, 1997
Last Data Update: June 16, 1997
Data Source Date: April 05, 2012
Location
Address: 225 Water Street, Jacksonville, FL 32202
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: $39,356.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$10,378Total assets
$39,259,452Cash and due from depository institutions
$3,439,739Interest-bearing balances
$1,221,620Securities
$4,113,066Federal funds sold & reverse repurchase agreements
$1,498,052Net loans & leases
$27,638,772Loan loss allowance
$452,775Trading account assets
$0Bank premises and fixed assets
$654,986Other real estate owned
$36,229Goodwill and other intangibles
$931,521Life insurance assets
$947,087All other assets
$0Total liabilities and capital
$39,259,452Total liabilities
$36,337,410Total deposits
$31,589,264Interest-bearing deposits
$25,412,488Deposits held in domestic offices
31191226.00%% insured (estimated)
$81Federal funds purchased & repurchase agreements
$3,136,927Trading liabilities
$0Other borrowed funds
$229,855Subordinated debt
$724,685All other liabilities
$656,679Total equity capital
$656,679Total bank equity capital
$2,922,042Perpetual preferred stock
$0Common stock
$45,961Surplus
$2,384,327Undivided profits
Memoranda
$491,754Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$342,055Income earned, not collected on loans
$163,344Earning assets
$34,471,510Long-term assets (5+ years)
$12,610,613Average Assets, year-to-date
$38,078,903Average Assets, quarterly
$38,457,414Volatile liabilities
$6,695,569Insider loans
$1,177,279FHLB advances
$0Loans and leases held for sale
$25,840Unused loan commitments
$13,575,473Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,046,560Total risk weighted assets
$28,114,084Total unused commitments
$0Restructured Loans and leases
$6,443,430Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$2,907,912Total interest expense
$1,212,974Net interest income
$1,694,938Provision for loan and lease losses
$290,427Total noninterest income
$494,042Fiduciary activities
$84,554Service charges on deposit accounts
$255,774Trading account gains & fees
$2,083Additional noninterest income
$151,631Total noninterest expense
$1,120,335Salaries and employee benefits
$417,051Premises and equipment expense
$171,422Additional noninterest expense
$531,862Pre-tax net operating income
$778,218Securities gains (losses)
$30,455Applicable income taxes
$307,011Income before extraordinary items
$501,662Extraordinary gains - net
$0Net income attributable to bank
$501,662Net charge-offs
$251,993Cash dividends
$390,000Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.63%Cost of funding earning assets
3.60%Net interest margin
5.03%Noninterest income to earning assets
1.47%Noninterest expense to earning assets
3.33%Net operating income to assets
1.27%Return on assets (ROA)
1.32%Pretax return on assets
2.12%Return on equity (ROE)
17.50%Retained earnings to average equity (YTD only)
3.90%Net charge-offs to loans
0.95%Credit loss provision to net charge-offs
115.25%Efficiency ratio
44,624Assets per employee
3.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.74%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
132.37%Noncurrent assets plus other real estate owned to assets
0.96%Noncurrent loans to loans
1.22%Net loans and leases to deposits
87.49%Net loans and leases to core deposits
97.95%Equity capital to assets
7.44%Core capital (leverage) ratio
5.49%Tier 1 risk-based capital ratio
7.28%Total risk-based capital ratio
Memoranda
$11Average assets
$38,078,903Average earning assets
$2,866,178Average equity
$33,689,679Average loans

First Union National Bank of Florida in Jacksonville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Union National Bank of Florida - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Union National Bank of Florida in Jacksonville, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Union National Bank of Florida - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Union National Bank of Florida in Jacksonville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches