Atlantic Coast Bank in Jacksonville, Florida (FL), GA
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Atlantic Coast Bank in Jacksonville, Florida (FL), GA
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Atlantic Coast Bank - Overview

  • General
  • FDIC Certificate #: 45826
    Status: Active
    Federal Reserve ID: 543570
    Date Established: March 27, 1939
    WWW: http://www.atlanticcoastbank.net
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 12 (Domestic: 12, Interstate: Yes)
    OTS Docket #: 17022
    FDIC's unique #: 110221
    Numeric code: 37
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: November 01, 2000
    Last Structure Change Effective Date: September 01, 2011
    Last Structure Change Process Date: September 01, 2011
    Last Data Update: September 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 12724 Gran Bay Parkway West, Suite 150, Jacksonville, FL 32258
    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)
  • History of Changes
  • Corrections
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $789.8 mil
    Equity capital: $46.2 mil
    Deposits held in domestic offices: $510.1 mil
    Return on assets (ROA): -1.11% (-$8.8 mil)
    Quarterly return on assets: -1.83% (-$14.5 mil)
    Return on Equity (ROE): -17.89% (-$8.2 mil)
    Quarterly return on equity: -30.19% (-$13.9 mil)
    Net income: -$8.9 mil
    Quarterly Net income: -$3.6 mil
    Pretax return on assets: -1.17% (-$9,240.8 mil)
    Quarterly Pretax return on assets: -2.10% (-$16,586.1 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, 2011)

  • Dollar figures in thousands
  • 169Total employees (full-time equivalent)
  • $789,812Total assets
  • $40,238Cash and due from depository institutions
  • $32,321Interest-bearing balances
  • $126,821Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $568,615Net loans & leases
  • $10,673Loan loss allowance
  • $0Trading account assets
  • $14,953Bank premises and fixed assets
  • $5,837Other real estate owned
  • $228Goodwill and other intangibles
  • $789,812Life insurance assets
  • $33,120All other assets
  • $743,609Total liabilities and capital
  • $510,074Total liabilities
  • $471,385Total deposits
  • $510,074Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 92800.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $135,000Trading liabilities
  • $0Other borrowed funds
  • $5,735Subordinated debt
  • $46,203All other liabilities
  • $46,203Total equity capital
  • $46,203Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $50,664Surplus
  • $-4,461Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $40,158Income earned, not collected on loans
  • $0Earning assets
  • $2,455Long-term assets (5+ years)
  • $727,757Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $805,957Volatile liabilities
  • $792,599Insider loans
  • $476,878FHLB advances
  • $789,637Loans and leases held for sale
  • $15,320Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $46,028Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $58,650Restructured Loans and leases
  • $1,587Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $37,888Total interest income
  • $16,661Total interest expense
  • $21,227Net interest income
  • $15,383Provision for loan and lease losses
  • $7,289Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,289Additional noninterest income
  • $26,164Total noninterest expense
  • $11,519Salaries and employee benefits
  • $4,600Premises and equipment expense
  • $10,045Additional noninterest expense
  • -$13,031Pre-tax net operating income
  • $3,564Securities gains (losses)
  • -$521Applicable income taxes
  • -$8,946Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,946Net income attributable to bank
  • $0Net charge-offs
  • -$8,946Cash dividends
  • $15,027Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 2.27%Cost of funding earning assets
  • 2.89%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • -1.53%Net operating income to assets
  • -1.11%Return on assets (ROA)
  • -1.17%Pretax return on assets
  • -17.89%Return on equity (ROE)
  • -17.89%Retained earnings to average equity (YTD only)
  • 2.54%Net charge-offs to loans
  • 102.37%Credit loss provision to net charge-offs
  • 0.16%Efficiency ratio
  • 91,654Assets per employee
  • 4.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 26.58%Noncurrent assets plus other real estate owned to assets
  • 5.82%Noncurrent loans to loans
  • 6.93%Net loans and leases to deposits
  • 111.48%Net loans and leases to core deposits
  • 119.61%Equity capital to assets
  • 5.85%Core capital (leverage) ratio
  • 5.83%Tier 1 risk-based capital ratio
  • 9.65%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $805,957Average earning assets
  • $49,994Average equity
  • $733,429Average loans

List of branches

  • 8 Florida Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0110221Atlantic Coast Bank12724 Gran Bay Parkway West, Suite 150, Jacksonville, FL 32258March 27, 1939Full Service Brick and Mortar
    3358536Normandy Boulevard Branch8048 Normandy Boulevard, Jacksonville, FL 32221May 08, 1990Full Service Brick and Mortar
    5358538Orange Park Branch1567 Kingsley Ave, Orange Park, FL 32073October 31, 1991Full Service Brick and Mortar
    8358541Deerwood Park Branch10328 Deerwood Park Boulevard, Jacksonville, FL 32256September 30, 1995Full Service Brick and Mortar
    1147290University Branch930 University Boulevard N, Jacksonville, FL 32211October 16, 1991Full Service Brick and Mortar
    12290200Jax Beach Branch1700 South Third Street, Jacksonville Beach, FL 32250January 27, 1997Full Service Brick and Mortar
    14290201Neptune Beach Branch1425 Atlantic Blvd, Neptune Beach, FL 32266October 18, 1999Full Service Brick and Mortar
    16495435Julington Creek2766 Race Track Rd, Julington Creek, FL 32259October 24, 2006Full Service Brick and Mortar
  • 4 Georgia Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    2358533Memorial Drive Branch2110 Memorial Dr, Waycross, GA 31501July 31, 1986Full Service Brick and Mortar
    7358540Garden City Branch213 Highway 80 West, Garden City, GA 31408November 30, 1992Full Service Brick and Mortar
    10358543Douglas Branch1390 Gaskin Avenue, Douglas, GA 31533March 31, 1997Full Service Brick and Mortar
    17521585Waycross Branch505 Haines Avenue, Waycross, GA 31501July 01, 2009Limited Service Administrative

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