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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