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

This bank is inactive as of March 31, 2009

  • Florida Bank of Jacksonville in Jacksonville, Florida (FL)
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Florida Bank of Jacksonville - Overview

  • General
  • FDIC Certificate #: 57653
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Florida Bank (#26280)
    Federal Reserve ID: 3239249
    Date Established: Febuary 17, 2004
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 419150
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 17, 2004
    Last Structure Change Effective Date: March 31, 2009
    Last Structure Change Process Date: April 02, 2009
    Last Data Update: April 02, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 135 West Bay 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: $146.1 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, 2008)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $146,099Total assets
  • $2,001Cash and due from depository institutions
  • $1,490Interest-bearing balances
  • $13,349Securities
  • $99Federal funds sold & reverse repurchase agreements
  • $116,330Net loans & leases
  • $2,826Loan loss allowance
  • $0Trading account assets
  • $8,689Bank premises and fixed assets
  • $1,707Other real estate owned
  • $681Goodwill and other intangibles
  • $0Life insurance assets
  • $3,243All other assets
  • $146,099Total liabilities and capital
  • $129,400Total liabilities
  • $120,789Total deposits
  • $114,643Interest-bearing deposits
  • $120,789Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,700Other borrowed funds
  • $0Subordinated debt
  • $811All other liabilities
  • $16,699Total equity capital
  • $16,699Total bank equity capital
  • $16,699Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $20,243Undivided profits
  • Memoranda
  • $-8,544Noncurrent loans and leases
  • $17,401Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,102Earning assets
  • $0Long-term assets (5+ years)
  • $464Average Assets, year-to-date
  • $131,268Average Assets, quarterly
  • $30,470Volatile liabilities
  • $139,310Insider loans
  • $152,517FHLB advances
  • $24,467Loans and leases held for sale
  • $4,302Unused loan commitments
  • $7,700Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $17,401Total unused commitments
  • $0Restructured Loans and leases
  • $1,565Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $7,348Total interest income
  • $4,367Total interest expense
  • $2,981Net interest income
  • $1,712Provision for loan and lease losses
  • -$125Total noninterest income
  • $0Fiduciary activities
  • $33Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$158Additional noninterest income
  • $11,029Total noninterest expense
  • $1,869Salaries and employee benefits
  • $918Premises and equipment expense
  • $8,242Additional noninterest expense
  • -$9,885Pre-tax net operating income
  • $82Securities gains (losses)
  • -$1,143Applicable income taxes
  • -$8,660Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,660Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $453Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.06%Yield on earning assets
  • 3.60%Cost of funding earning assets
  • 2.46%Net interest margin
  • -0.10%Noninterest income to earning assets
  • 9.10%Noninterest expense to earning assets
  • -6.27%Net operating income to assets
  • -6.22%Return on assets (ROA)
  • -7.04%Pretax return on assets
  • -40.51%Return on equity (ROE)
  • -40.51%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 377.92%Credit loss provision to net charge-offs
  • -18.04%Efficiency ratio
  • 150,245Assets per employee
  • 8.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.37%Loss allowance to noncurrent loans
  • 134.44%Noncurrent assets plus other real estate owned to assets
  • 2.61%Noncurrent loans to loans
  • 1.76%Net loans and leases to deposits
  • 96.31%Net loans and leases to core deposits
  • 120.65%Equity capital to assets
  • 11.43%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 11.32%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $139,310Average earning assets
  • $21,380Average equity
  • $121,237Average loans

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