First Avenue National Bank in Ocala, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Avenue National Bank - Overview

  • General
  • FDIC Certificate #: 58344
    Status: Active
    Federal Reserve ID: 3503696
    Date Established: November 16, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 446825
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 16, 2006
    Last Structure Change Effective Date: July 28, 2008
    Last Structure Change Process Date: October 27, 2008
    Last Data Update: October 27, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 910 Sw 1st Ave, Ocala, FL 34471
    County: Marion
    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): Ocala, FL (#5790)
    Core Based Statistical Area (CBSA): Ocala, FL (#36100)
    CBSA Metro Statistical Area: Ocala, FL (#36100)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $99.2 mil
    Equity capital: $12.5 mil
    Deposits held in domestic offices: $83.7 mil
    Return on assets (ROA): -0.34% (-$0.3 mil)
    Quarterly return on assets: -1.27% (-$1.3 mil)
    Return on Equity (ROE): -2.83% (-$0.4 mil)
    Quarterly return on equity: -10.05% (-$1.3 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -0.54% (-$535.8 mil)
    Quarterly Pretax return on assets: -2.03% (-$2,014.4 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
  • 18Total employees (full-time equivalent)
  • $99,230Total assets
  • $8,529Cash and due from depository institutions
  • $4,617Interest-bearing balances
  • $16,489Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $62,068Net loans & leases
  • $1,948Loan loss allowance
  • $0Trading account assets
  • $8,540Bank premises and fixed assets
  • $226Other real estate owned
  • $0Goodwill and other intangibles
  • $99,230Life insurance assets
  • $3,378All other assets
  • $86,721Total liabilities and capital
  • $83,656Total liabilities
  • $76,113Total deposits
  • $83,656Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 1973.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $92Subordinated debt
  • $12,509All other liabilities
  • $12,509Total equity capital
  • $12,509Total bank equity capital
  • $0Perpetual preferred stock
  • $9,120Common stock
  • $6,760Surplus
  • $-3,371Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,309Income earned, not collected on loans
  • $0Earning assets
  • $338Long-term assets (5+ years)
  • $83,174Average Assets, year-to-date
  • $30,033Average Assets, quarterly
  • $105,813Volatile liabilities
  • $100,864Insider loans
  • $73,017FHLB advances
  • $97,882Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,273Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,749Restructured Loans and leases
  • $5,240Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,704Total interest income
  • $1,089Total interest expense
  • $3,615Net interest income
  • $1,539Provision for loan and lease losses
  • -$178Total noninterest income
  • $0Fiduciary activities
  • $168Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$346Additional noninterest income
  • $2,579Total noninterest expense
  • $1,165Salaries and employee benefits
  • $415Premises and equipment expense
  • $999Additional noninterest expense
  • -$681Pre-tax net operating income
  • $112Securities gains (losses)
  • -$214Applicable income taxes
  • -$355Income before extraordinary items
  • $0Extraordinary gains - net
  • -$355Net income attributable to bank
  • $0Net charge-offs
  • -$355Cash dividends
  • $1,270Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 4.05%Net interest margin
  • -0.20%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • -0.40%Net operating income to assets
  • -0.34%Return on assets (ROA)
  • -0.54%Pretax return on assets
  • -2.83%Return on equity (ROE)
  • -2.83%Retained earnings to average equity (YTD only)
  • 1.81%Net charge-offs to loans
  • 121.18%Credit loss provision to net charge-offs
  • 0.68%Efficiency ratio
  • 75,036Assets per employee
  • 5.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.04%Loss allowance to noncurrent loans
  • 58.87%Noncurrent assets plus other real estate owned to assets
  • 3.56%Noncurrent loans to loans
  • 5.17%Net loans and leases to deposits
  • 74.19%Net loans and leases to core deposits
  • 77.95%Equity capital to assets
  • 12.61%Core capital (leverage) ratio
  • 10.50%Tier 1 risk-based capital ratio
  • 14.07%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $105,813Average earning assets
  • $12,534Average equity
  • $89,309Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0446825First Avenue National Bank910 Sw 1st Ave, Ocala, FL 34471November 16, 2006Full Service Brick and Mortar
    1460057Courier Service206 Sw 10th Street, Ocala, FL 34474December 26, 2006Limited Service Messenger
    2492923Hwy 40 Branch5860 W Hwy 40, Ocala, FL 34482October 06, 2008Full Service Brick and Mortar

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