FDIC Certificate #: 14246 Status: Inactive Closing history: Corrections Acquiring institution:First Federal Bank of Florida (#31313) Federal Reserve ID: 337733 Date Established: Febuary 01, 1906 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 8895 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: March 30, 1934 Last Structure Change Effective Date: May 07, 2010 Last Structure Change Process Date: May 10, 2010 Last Data Update: May 10, 2010 Data Source Date: April 05, 2012
Location
Address: 300 North Waukesha Street, Bonifay, FL 32425 County: Holmes Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $242.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
66Total employees (full-time equivalent)
$255,127Total assets
$12,530Cash and due from depository institutions
$8,438Interest-bearing balances
$25,162Securities
$43,891Federal funds sold & reverse repurchase agreements
$160,108Net loans & leases
$4,926Loan loss allowance
$0Trading account assets
$5,132Bank premises and fixed assets
$5,762Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,542All other assets
$255,127Total liabilities and capital
$249,080Total liabilities
$237,771Total deposits
$212,026Interest-bearing deposits
$237,771Deposits held in domestic offices
94.07%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$1,309All other liabilities
$6,047Total equity capital
$6,047Total bank equity capital
$6,047Perpetual preferred stock
$0Common stock
$125Surplus
$16,988Undivided profits
Memoranda
$-11,066Noncurrent loans and leases
$7,264Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$28,089Earning assets
$0Long-term assets (5+ years)
$995Average Assets, year-to-date
$237,599Average Assets, quarterly
$35,860Volatile liabilities
$246,529Insider loans
$249,899FHLB advances
$43,849Loans and leases held for sale
$4,878Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,264Total unused commitments
$0Restructured Loans and leases
$2,141Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$10,136Total interest income
$6,347Total interest expense
$3,789Net interest income
$3,617Provision for loan and lease losses
-$229Total noninterest income
$0Fiduciary activities
$551Service charges on deposit accounts
$0Trading account gains & fees
-$780Additional noninterest income
$7,936Total noninterest expense
$3,267Salaries and employee benefits
$947Premises and equipment expense
$3,722Additional noninterest expense
-$7,993Pre-tax net operating income
$320Securities gains (losses)
$0Applicable income taxes
-$7,673Income before extraordinary items
$0Extraordinary gains - net
-$7,673Net income attributable to bank
$0Net charge-offs
-$7,673Cash dividends
$2,094Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.42%Yield on earning assets
2.77%Cost of funding earning assets
1.65%Net interest margin
-0.10%Noninterest income to earning assets
3.46%Noninterest expense to earning assets
-3.24%Net operating income to assets
-3.11%Return on assets (ROA)
-3.11%Pretax return on assets
-73.67%Return on equity (ROE)
-73.67%Retained earnings to average equity (YTD only)
1.24%Net charge-offs to loans
172.73%Credit loss provision to net charge-offs
-2.09%Efficiency ratio
222,921Assets per employee
3.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.98%Loss allowance to noncurrent loans
17.54%Noncurrent assets plus other real estate owned to assets
13.27%Noncurrent loans to loans
17.02%Net loans and leases to deposits
67.34%Net loans and leases to core deposits
82.56%Equity capital to assets
2.37%Core capital (leverage) ratio
2.54%Tier 1 risk-based capital ratio
3.72%Total risk-based capital ratio
Memoranda
$5Average assets
$246,529Average earning assets
$10,416Average equity
$229,258Average loans
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