BankFIRST in Winter Park, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


BankFIRST - Overview

  • General
  • FDIC Certificate #: 27550
    Status: Active
    Federal Reserve ID: 1401686
    Bank Holding Company (Regulatory Top Holder): Capgen Capital Group Lp (RSSDID: 3599747, Location: New York, NY)
    Date Established: July 20, 1989
    WWW: http://www.bankfirst.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 10, Interstate: No)
    OTS Docket #: 12203
    FDIC's unique #: 40330
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 20, 1989
    Last Structure Change Effective Date: January 01, 2012
    Last Structure Change Process Date: January 10, 2012
    Last Data Update: January 10, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1031 West Morse Boulevard, Suite 150, Winter Park, FL 32789
    County: Orange
    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
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $608.1 mil
    Equity capital: $132.5 mil
    Deposits held in domestic offices: $415.9 mil
    Return on assets (ROA): 0.11% ($0.7 mil)
    Quarterly return on assets: 0.04% ($0.2 mil)
    Return on Equity (ROE): 0.53% ($0.7 mil)
    Quarterly return on equity: 0.18% ($0.2 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.10% ($608.1 mil)
    Quarterly Pretax return on assets: -0.02% (-$121.6 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, 2011)

  • Dollar figures in thousands
  • 121Total employees (full-time equivalent)
  • $608,114Total assets
  • $46,664Cash and due from depository institutions
  • $29,451Interest-bearing balances
  • $149,462Securities
  • $3,598Federal funds sold & reverse repurchase agreements
  • $289,615Net loans & leases
  • $6,461Loan loss allowance
  • $0Trading account assets
  • $19,990Bank premises and fixed assets
  • $7,548Other real estate owned
  • $76,237Goodwill and other intangibles
  • $608,114Life insurance assets
  • $15,000All other assets
  • $475,579Total liabilities and capital
  • $415,921Total liabilities
  • $408,785Total deposits
  • $415,921Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 18287.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $34,220Trading liabilities
  • $0Other borrowed funds
  • $7,151Subordinated debt
  • $132,535All other liabilities
  • $132,535Total equity capital
  • $132,535Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $135,809Surplus
  • $-3,274Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $110Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,952Income earned, not collected on loans
  • $674Earning assets
  • $1,721Long-term assets (5+ years)
  • $472,126Average Assets, year-to-date
  • $79,930Average Assets, quarterly
  • $609,825Volatile liabilities
  • $611,459Insider loans
  • $356,585FHLB advances
  • $540,703Loans and leases held for sale
  • $4,985Unused loan commitments
  • $2,043Tier 1 (core) risk-based capital
  • $56,636Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,942Total unused commitments
  • $54,193Restructured Loans and leases
  • $5,445Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,077Total interest income
  • $3,330Total interest expense
  • $19,747Net interest income
  • $2,066Provision for loan and lease losses
  • $2,046Total noninterest income
  • $0Fiduciary activities
  • $1,424Service charges on deposit accounts
  • $0Trading account gains & fees
  • $622Additional noninterest income
  • $19,085Total noninterest expense
  • $8,519Salaries and employee benefits
  • $2,973Premises and equipment expense
  • $7,593Additional noninterest expense
  • $642Pre-tax net operating income
  • -$4Securities gains (losses)
  • -$62Applicable income taxes
  • $700Income before extraordinary items
  • $0Extraordinary gains - net
  • $700Net income attributable to bank
  • $0Net charge-offs
  • $700Cash dividends
  • $3,926Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 4.01%Noninterest expense to earning assets
  • 0.12%Net operating income to assets
  • 0.11%Return on assets (ROA)
  • 0.10%Pretax return on assets
  • 0.53%Return on equity (ROE)
  • 0.53%Retained earnings to average equity (YTD only)
  • 1.32%Net charge-offs to loans
  • 52.62%Credit loss provision to net charge-offs
  • 0.69%Efficiency ratio
  • 76,644Assets per employee
  • 5.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.18%Loss allowance to noncurrent loans
  • 92.94%Noncurrent assets plus other real estate owned to assets
  • 2.38%Noncurrent loans to loans
  • 2.35%Net loans and leases to deposits
  • 69.63%Net loans and leases to core deposits
  • 73.93%Equity capital to assets
  • 21.79%Core capital (leverage) ratio
  • 10.47%Tier 1 risk-based capital ratio
  • 15.88%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $609,825Average earning assets
  • $131,661Average equity
  • $476,095Average loans

List of branches

  • 13 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040330Bankfirst1031 West Morse Boulevard, Suite 150, Winter Park, FL 32789July 20, 1989Full Service Brick and Mortar
    1262249East Highway Branch13207 West Colonial, Winter Garden, FL 34787September 27, 1989Full Service Brick and Mortar
    4262250Eustis Branch15119 Highway 441, Eustis, FL 32726September 30, 1991Full Service Brick and Mortar
    6357284Oviedo Winter Springs Branch2839 Clayton Crossing Way, Oviedo, FL 32765June 05, 2000Full Service Brick and Mortar
    7360421Apopka Branch345 East Main Street, Apopka, FL 32703May 21, 2001Full Service Brick and Mortar
    8418488Sanford Branch3791 West 1st Street, Sanford, FL 32771March 10, 2003Full Service Brick and Mortar
    9434070Clermont Branch1000 East Highway 50, Clermont, FL 34711January 10, 2005Full Service Brick and Mortar
    1057017The Bank Brevard Branch300 South Harbor City Boulevard, Melbourne, FL 32901October 07, 1996Full Service Brick and Mortar
    11358851Viera Branch105 Capron Trail, Viera, FL 32940September 11, 2000Full Service Brick and Mortar
    12422889Titusville Branch4250 South Washington Avenue, Titusville, FL 32780September 11, 2003Full Service Brick and Mortar
    1357203Ormond Beach Branch1240 W. Granada Blvd, Ormond Beach, FL 32174October 14, 1997Full Service Brick and Mortar
    14363084Port Orange Branch405 Dunlawton Avenue, Port Orange, FL 32127December 17, 2001Full Service Brick and Mortar
    15456677Messenger Service330 North Nova Road, Ormond Beach, FL 32174November 07, 2006Limited Service Messenger

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