CenterBank of Jacksonville, National Association in Jacksonville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 17, 2011

CenterBank of Jacksonville, National Association - Overview

  • General
  • FDIC Certificate #: 35542
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FirstAtlantic Bank (#35200)
    Federal Reserve ID: 2934930
    Date Established: August 09, 2001
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 81651
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: August 09, 2001
    Last Structure Change Effective Date: December 17, 2011
    Last Structure Change Process Date: January 04, 2012
    Last Data Update: January 04, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1325 Hendricks Avenue, Jacksonville, FL 32207
    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: $133.0 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, 2010)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $173,813Total assets
  • $25,509Cash and due from depository institutions
  • $22,896Interest-bearing balances
  • $9,588Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $126,476Net loans & leases
  • $3,904Loan loss allowance
  • $0Trading account assets
  • $3,303Bank premises and fixed assets
  • $4,690Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,247All other assets
  • $173,813Total liabilities and capital
  • $159,035Total liabilities
  • $158,393Total deposits
  • $135,497Interest-bearing deposits
  • $158,393Deposits held in domestic offices
  • 94.01%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $642All other liabilities
  • $14,778Total equity capital
  • $14,778Total bank equity capital
  • $14,778Perpetual preferred stock
  • $0Common stock
  • $18,613Surplus
  • $21,806Undivided profits
  • Memoranda
  • $-25,641Noncurrent loans and leases
  • $18,640Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10,802Earning assets
  • $581Long-term assets (5+ years)
  • $453Average Assets, year-to-date
  • $158,960Average Assets, quarterly
  • $32,061Volatile liabilities
  • $176,753Insider loans
  • $169,510FHLB advances
  • $38,433Loans and leases held for sale
  • $4,223Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $35,000Tier 2 risk-based capital
  • $447Total risk weighted assets
  • $18,640Total unused commitments
  • $0Restructured Loans and leases
  • $1,676Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $6,662Total interest income
  • $2,606Total interest expense
  • $4,056Net interest income
  • $3,876Provision for loan and lease losses
  • -$37Total noninterest income
  • $0Fiduciary activities
  • $233Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$270Additional noninterest income
  • $5,923Total noninterest expense
  • $2,916Salaries and employee benefits
  • $567Premises and equipment expense
  • $2,440Additional noninterest expense
  • -$5,780Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,410Applicable income taxes
  • -$10,190Income before extraordinary items
  • $0Extraordinary gains - net
  • -$10,190Net income attributable to bank
  • $0Net charge-offs
  • -$10,190Cash dividends
  • $2,943Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 1.65%Cost of funding earning assets
  • 2.57%Net interest margin
  • -0.02%Noninterest income to earning assets
  • 3.75%Noninterest expense to earning assets
  • -5.77%Net operating income to assets
  • -5.77%Return on assets (ROA)
  • -3.27%Pretax return on assets
  • -52.52%Return on equity (ROE)
  • -52.52%Retained earnings to average equity (YTD only)
  • 2.22%Net charge-offs to loans
  • 131.70%Credit loss provision to net charge-offs
  • -0.65%Efficiency ratio
  • 147,375Assets per employee
  • 4.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.99%Loss allowance to noncurrent loans
  • 36.14%Noncurrent assets plus other real estate owned to assets
  • 8.91%Noncurrent loans to loans
  • 8.29%Net loans and leases to deposits
  • 79.85%Net loans and leases to core deposits
  • 105.43%Equity capital to assets
  • 8.50%Core capital (leverage) ratio
  • 7.66%Tier 1 risk-based capital ratio
  • 9.80%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $176,753Average earning assets
  • $19,401Average equity
  • $157,936Average loans

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