Citizens First Bank of Ocala in Ocala, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 19, 1996

  • Citizens First Bank of Ocala in Ocala, Florida (FL)
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Citizens First Bank of Ocala - Overview

  • General
  • FDIC Certificate #: 22830
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens National Bank of Leesburg (#17203)
    Federal Reserve ID: 420831
    Date Established: March 30, 1979
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 15947
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 30, 1979
    Last Structure Change Effective Date: April 19, 1996
    Last Structure Change Process Date: May 01, 1996
    Last Data Update: May 01, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: Highway 200 And 16th Avenue, S.W., Ocala, FL 32670
    County: Marion
    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): Ocala, FL (#5790)
    Core Based Statistical Area (CBSA): Ocala, FL (#36100)
    CBSA Metro Statistical Area: Ocala, FL (#36100)
  • Financial Summary
  • Total assets: $39.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $24Total assets
  • $39,759Cash and due from depository institutions
  • $2,102Interest-bearing balances
  • $1Securities
  • $8,638Federal funds sold & reverse repurchase agreements
  • $1,236Net loans & leases
  • $25,314Loan loss allowance
  • $405Trading account assets
  • $0Bank premises and fixed assets
  • $1,885Other real estate owned
  • $0Goodwill and other intangibles
  • $584Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $39,759Total liabilities
  • $35,287Total deposits
  • $34,715Interest-bearing deposits
  • $28,461Deposits held in domestic offices
  • 34715.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $572Total equity capital
  • $572Total bank equity capital
  • $4,472Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $2,660Undivided profits
  • Memoranda
  • $1,062Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $298Income earned, not collected on loans
  • $180Earning assets
  • $35,189Long-term assets (5+ years)
  • $2,373Average Assets, year-to-date
  • $38,060Average Assets, quarterly
  • $39,761Volatile liabilities
  • $4,161Insider loans
  • $545FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,743Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,239Total risk weighted assets
  • $27,233Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,130Total interest expense
  • $1,194Net interest income
  • $1,936Provision for loan and lease losses
  • $0Total noninterest income
  • $579Fiduciary activities
  • $0Service charges on deposit accounts
  • $437Trading account gains & fees
  • $0Additional noninterest income
  • $142Total noninterest expense
  • $1,660Salaries and employee benefits
  • $778Premises and equipment expense
  • $263Additional noninterest expense
  • $619Pre-tax net operating income
  • $855Securities gains (losses)
  • $15Applicable income taxes
  • $10Income before extraordinary items
  • $860Extraordinary gains - net
  • -$206Net income attributable to bank
  • $654Net charge-offs
  • $5Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $800Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.25%Cost of funding earning assets
  • 3.53%Net interest margin
  • 5.72%Noninterest income to earning assets
  • 1.71%Noninterest expense to earning assets
  • 4.91%Net operating income to assets
  • 2.22%Return on assets (ROA)
  • 1.72%Pretax return on assets
  • 1.74%Return on equity (ROE)
  • 17.44%Retained earnings to average equity (YTD only)
  • 17.44%Net charge-offs to loans
  • 0.02%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,004Assets per employee
  • 1.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 135.91%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 1.16%Net loans and leases to deposits
  • 72.92%Net loans and leases to core deposits
  • 82.85%Equity capital to assets
  • 11.25%Core capital (leverage) ratio
  • 10.33%Tier 1 risk-based capital ratio
  • 15.57%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $38,060Average earning assets
  • $3,751Average equity
  • $33,843Average loans

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