First Avenue National Bank in Ocala, Florida (FL)



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First Avenue National Bank routing number info

Table of contents:
First Avenue National Bank
GeneralFDIC Certificate #: 58344
Status: Active
Federal Reserve ID: 3503696
Date Established: November 16, 2006
WWW: http://www.firstavebank.com
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)18
Total assets$99,230
Cash and due from depository institutions$8,529
Interest-bearing balances$4,617
Securities$16,489
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$62,068
Loan loss allowance $1,948
Trading account assets$0
Bank premises and fixed assets$8,540
Other real estate owned$226
Goodwill and other intangibles$0
All other assets$3,378
Life insurance assets$99,230
Total liabilities and capital$86,721
Total liabilities$83,656
Total deposits$76,113
Interest-bearing deposits$83,656
Deposits held in domestic offices$89
% insured (estimated)1973.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,000
Other borrowed funds $0
Subordinated debt $92
All other liabilities $12,509
Total equity capital$12,509
Total bank equity capital$12,509
Perpetual preferred stock$0
Common stock$9,120
Surplus$6,760
Undivided profits $-3,371
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,309
Earning assets $0
Long-term assets (5+ years) $338
Average Assets, year-to-date $83,174
Average Assets, quarterly $30,033
Volatile liabilities $105,813
Insider loans $100,864
FHLB advances $73,017
Loans and leases held for sale $97,882
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $10,273
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,749
Derivatives$5,240
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,704
Total interest expense $1,089
Net interest income $3,615
Provision for loan and lease losses $1,539
Total noninterest income -$178
Fiduciary activities $0
Service charges on deposit accounts $168
Trading account gains & fees $0
Additional noninterest income -$346
Total noninterest expense $2,579
Salaries and employee benefits $1,165
Premises and equipment expense $415
Additional noninterest expense $999
Pre-tax net operating income -$681
Securities gains (losses) $112
Applicable income taxes -$214
Income before extraordinary items -$355
Extraordinary gains - net $0
Net income attributable to bank -$355
Net charge-offs $0
Cash dividends -$355
Sale, conversion, retirement of capital stock, net $1,270
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.27%
Cost of funding earning assets 1.22%
Net interest margin 4.05%
Noninterest income to earning assets -0.20%
Noninterest expense to earning assets 2.89%
Net operating income to assets -0.40%
Return on assets (ROA) -0.34%
Pretax return on assets -0.54%
Return on equity (ROE) -2.83%
Retained earnings to average equity (YTD only) -2.83%
Net charge-offs to loans 1.81%
Credit loss provision to net charge-offs 121.18%
Efficiency ratio0.68%
Assets per employee$75,036
Cash dividends to net income (YTD only)5.51%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.04%
Noncurrent assets plus other real estate owned to assets 58.87%
Noncurrent loans to loans 3.56%
Net loans and leases to deposits5.17%
Net loans and leases to core deposits 74.19%
Equity capital to assets 77.95%
Core capital (leverage) ratio 12.61%
Tier 1 risk-based capital ratio 10.50%
Total risk-based capital ratio 14.07%
Memoranda
Average assets$15
Average earning assets$105,813
Average equity $12,534
Average loans $89,309
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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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