First of America Bank - Florida, FSB in city_name, state_name

First of America Bank - Florida, FSB in Tampa, Florida (FL)
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First of America Bank - Florida, FSB - Overview

General
FDIC Certificate #: 33890
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank (#849)
Federal Reserve ID: 2186999
Date Established: April 15, 1994
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 11923
FDIC's unique #: 54059
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 15, 1994
Last Structure Change Effective Date: January 30, 1998
Last Structure Change Process Date: Febuary 10, 1998
Last Data Update: Febuary 10, 1998
Data Source Date: April 05, 2012
Location
Address: 201 East Kennedy Avenue, Tampa, FL 33602
County: Hillsborough
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Tampa
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280)
Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
Financial Summary
Total assets: $1,137.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
424Total employees (full-time equivalent)
$1,137,379Total assets
$66,621Cash and due from depository institutions
$0Interest-bearing balances
$256,552Securities
$0Federal funds sold & reverse repurchase agreements
$732,865Net loans & leases
$11,382Loan loss allowance
$0Trading account assets
$22,046Bank premises and fixed assets
$1,789Other real estate owned
$40,047Goodwill and other intangibles
$0Life insurance assets
$17,459All other assets
$1,137,379Total liabilities and capital
$988,209Total liabilities
$860,971Total deposits
$860,971Interest-bearing deposits
$860,971Deposits held in domestic offices
0.00%% insured (estimated)
$500Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$122,800Subordinated debt
$3,938All other liabilities
$149,170Total equity capital
$149,170Total bank equity capital
$149,170Perpetual preferred stock
$0Common stock
$41,507Surplus
$108,777Undivided profits
Memoranda
$-1,114Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,522Earning assets
$0Long-term assets (5+ years)
$4,570Average Assets, year-to-date
$989,417Average Assets, quarterly
$0Volatile liabilities
$1,147,715Insider loans
$1,140,631FHLB advances
$81,790Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,407Total unused commitments
$0Restructured Loans and leases
$652,110Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$81,352Total interest income
$41,293Total interest expense
$40,059Net interest income
$3,325Provision for loan and lease losses
$9,394Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$9,394Additional noninterest income
$35,270Total noninterest expense
$9,855Salaries and employee benefits
$8,543Premises and equipment expense
$16,872Additional noninterest expense
$10,858Pre-tax net operating income
$508Securities gains (losses)
$935Applicable income taxes
$10,431Income before extraordinary items
$0Extraordinary gains - net
$10,431Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,110Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.93%Yield on earning assets
4.02%Cost of funding earning assets
3.90%Net interest margin
0.92%Noninterest income to earning assets
3.44%Noninterest expense to earning assets
0.87%Net operating income to assets
0.91%Return on assets (ROA)
0.99%Pretax return on assets
7.43%Return on equity (ROE)
7.43%Retained earnings to average equity (YTD only)
0.41%Net charge-offs to loans
106.91%Credit loss provision to net charge-offs
4.56%Efficiency ratio
64,308Assets per employee
2.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
206.12%Noncurrent assets plus other real estate owned to assets
0.64%Noncurrent loans to loans
0.74%Net loans and leases to deposits
85.12%Net loans and leases to core deposits
94.00%Equity capital to assets
13.12%Core capital (leverage) ratio
9.92%Tier 1 risk-based capital ratio
16.69%Total risk-based capital ratio
Memoranda
$18Average assets
$1,147,715Average earning assets
$140,443Average equity
$1,026,465Average loans

First of America Bank - Florida, FSB in Tampa, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First of America Bank - Florida, FSB - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

First of America Bank - Florida, FSB in Tampa, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First of America Bank - Florida, FSB - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

First of America Bank - Florida, FSB in Tampa, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches