City First Bank in Tampa, Florida (FL)

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City First Bank
GeneralFDIC Certificate #: 26471
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Columbia Bank (#27446)
Federal Reserve ID: 246433
Date Established: December 20, 1985
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
OTS Docket #: 9129
FDIC's unique #: 33126
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: December 20, 1985
Last Structure Change Effective Date: June 07, 1999
Last Structure Change Process Date: July 07, 1999
Last Data Update: July 07, 1999
Data Source Date: April 05, 2012
LocationAddress: 405 North Westshore Boulevard, Tampa, FL 33609
County: Hillsborough
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): Tampa-St. Petersburg-Clearwater, FL (#8280)
Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
Financial SummaryTotal assets: $90.6 mil

1992 - 1999 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)31
Total assets$93,407
Cash and due from depository institutions$8,581
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$1,300
Net loans & leases$31,952
Loan loss allowance $312
Trading account assets$0
Bank premises and fixed assets$1,932
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$872
Life insurance assets$0
Total liabilities and capital$93,407
Total liabilities$86,381
Total deposits$78,201
Interest-bearing deposits$57,554
Deposits held in domestic offices$78,201
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $7,000
Subordinated debt $0
All other liabilities $1,180
Total equity capital$7,026
Total bank equity capital$7,026
Perpetual preferred stock$7,026
Common stock$0
Undivided profits $1,160
Noncurrent loans and leases $5,066
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $33
Long-term assets (5+ years) $0
Average Assets, year-to-date $200
Average Assets, quarterly $82,022
Volatile liabilities $35,766
Insider loans $85,609
FHLB advances $90,750
Loans and leases held for sale $12,276
Unused loan commitments $107
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $3,774
Restructured Loans and leases $0
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Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $5,980
Total interest expense $3,327
Net interest income $2,653
Provision for loan and lease losses $40
Total noninterest income $670
Fiduciary activities $0
Service charges on deposit accounts $526
Trading account gains & fees $0
Additional noninterest income $144
Total noninterest expense $1,981
Salaries and employee benefits $1,133
Premises and equipment expense $242
Additional noninterest expense $606
Pre-tax net operating income $1,302
Securities gains (losses) $4
Applicable income taxes $407
Income before extraordinary items $899
Extraordinary gains - net $0
Net income attributable to bank $899
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$14
Net operating income $0
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.65%
Cost of funding earning assets 4.25%
Net interest margin 3.39%
Noninterest income to earning assets 0.86%
Noninterest expense to earning assets 2.53%
Net operating income to assets 1.05%
Return on assets (ROA) 1.05%
Pretax return on assets 1.53%
Return on equity (ROE) 13.47%
Retained earnings to average equity (YTD only) 13.47%
Net charge-offs to loans -0.05%
Credit loss provision to net charge-offs -285.71%
Efficiency ratio0.00%
Assets per employee$59,615
Cash dividends to net income (YTD only)3.01%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.97%
Noncurrent assets plus other real estate owned to assets 945.45%
Noncurrent loans to loans 0.04%
Net loans and leases to deposits0.10%
Net loans and leases to core deposits 40.86%
Equity capital to assets 48.47%
Core capital (leverage) ratio 7.52%
Tier 1 risk-based capital ratio 7.89%
Total risk-based capital ratio 15.41%
Average assets$16
Average earning assets$85,609
Average equity $6,672
Average loans $78,197
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