AmericanFirst Bank in Clermont, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 16, 2010

  • AmericanFirst Bank in Clermont, Florida (FL)
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AmericanFirst Bank - Overview

  • General
  • FDIC Certificate #: 57724
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 3307371
    Date Established: November 30, 2004
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 423096
    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: November 30, 2004
    Last Structure Change Effective Date: April 16, 2010
    Last Structure Change Process Date: April 20, 2010
    Last Data Update: April 20, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 183 North Highway 27, Clermont, FL 34711
    County: Lake
    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): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $104.0 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
  • 20Total employees (full-time equivalent)
  • $90,497Total assets
  • $8,937Cash and due from depository institutions
  • $6,088Interest-bearing balances
  • $4,030Securities
  • $2,950Federal funds sold & reverse repurchase agreements
  • $64,885Net loans & leases
  • $5,902Loan loss allowance
  • $0Trading account assets
  • $3,603Bank premises and fixed assets
  • $5,091Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,001All other assets
  • $90,497Total liabilities and capital
  • $90,124Total liabilities
  • $81,887Total deposits
  • $77,899Interest-bearing deposits
  • $81,887Deposits held in domestic offices
  • 95.95%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,000Other borrowed funds
  • $0Subordinated debt
  • $237All other liabilities
  • $373Total equity capital
  • $373Total bank equity capital
  • $373Perpetual preferred stock
  • $0Common stock
  • $6,000Surplus
  • $6,233Undivided profits
  • Memoranda
  • $-11,860Noncurrent loans and leases
  • $5,151Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $12,014Earning assets
  • $0Long-term assets (5+ years)
  • $322Average Assets, year-to-date
  • $77,953Average Assets, quarterly
  • $5,667Volatile liabilities
  • $96,819Insider loans
  • $99,928FHLB advances
  • $6,280Loans and leases held for sale
  • $4,723Unused loan commitments
  • $8,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,151Total unused commitments
  • $0Restructured Loans and leases
  • $343Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $4,001Total interest income
  • $2,376Total interest expense
  • $1,625Net interest income
  • $5,725Provision for loan and lease losses
  • $81Total noninterest income
  • $0Fiduciary activities
  • $62Service charges on deposit accounts
  • $0Trading account gains & fees
  • $19Additional noninterest income
  • $3,281Total noninterest expense
  • $1,522Salaries and employee benefits
  • $768Premises and equipment expense
  • $991Additional noninterest expense
  • -$7,300Pre-tax net operating income
  • $101Securities gains (losses)
  • $1,780Applicable income taxes
  • -$8,979Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,979Net income attributable to bank
  • $0Net charge-offs
  • -$8,979Cash dividends
  • $1,049Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 2.75%Cost of funding earning assets
  • 1.88%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 3.80%Noninterest expense to earning assets
  • -9.38%Net operating income to assets
  • -9.27%Return on assets (ROA)
  • -7.44%Pretax return on assets
  • -126.88%Return on equity (ROE)
  • -126.88%Retained earnings to average equity (YTD only)
  • 1.45%Net charge-offs to loans
  • 545.76%Credit loss provision to net charge-offs
  • -1.50%Efficiency ratio
  • 192,321Assets per employee
  • 4.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 8.34%Loss allowance to noncurrent loans
  • 49.13%Noncurrent assets plus other real estate owned to assets
  • 18.90%Noncurrent loans to loans
  • 16.97%Net loans and leases to deposits
  • 79.24%Net loans and leases to core deposits
  • 85.82%Equity capital to assets
  • 0.41%Core capital (leverage) ratio
  • 0.32%Tier 1 risk-based capital ratio
  • 0.46%Total risk-based capital ratio
  • Memoranda
  • $1Average assets
  • $96,819Average earning assets
  • $7,077Average equity
  • $86,280Average loans

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