First Bank in Clewiston, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Bank - Overview

  • General
  • FDIC Certificate #: 9620
    Status: Active
    Federal Reserve ID: 131436
    Bank Holding Company (Regulatory Top Holder): Pioneer Bankcorp, Inc. (RSSDID: 2061162, Location: Clewiston, FL)
    Date Established: January 01, 1922
    WWW: http://www.first1bank.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 13673
    FDIC's unique #: 6147
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 East Sugarland Highway, Clewiston, FL 33440
    County: Hendry
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Clewiston, FL (#17500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $229.9 mil
    Equity capital: $20.5 mil
    Deposits held in domestic offices: $203.6 mil
    Return on assets (ROA): -0.45% (-$1.0 mil)
    Quarterly return on assets: 0.58% ($1.3 mil)
    Return on Equity (ROE): -5.47% (-$1.1 mil)
    Quarterly return on equity: 6.72% ($1.4 mil)
    Net income: -$1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: -0.88% (-$2,023.1 mil)
    Quarterly Pretax return on assets: 0.50% ($1,149.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 79Total employees (full-time equivalent)
  • $229,895Total assets
  • $12,151Cash and due from depository institutions
  • $2,213Interest-bearing balances
  • $13,866Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $174,905Net loans & leases
  • $4,145Loan loss allowance
  • $0Trading account assets
  • $11,400Bank premises and fixed assets
  • $6,135Other real estate owned
  • $0Goodwill and other intangibles
  • $229,894Life insurance assets
  • $11,438All other assets
  • $209,375Total liabilities and capital
  • $203,609Total liabilities
  • $149,316Total deposits
  • $203,609Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $766Subordinated debt
  • $20,519All other liabilities
  • $20,519Total equity capital
  • $20,519Total bank equity capital
  • $0Perpetual preferred stock
  • $1,516Common stock
  • $7,583Surplus
  • $11,420Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,727Income earned, not collected on loans
  • $301Earning assets
  • $1,041Long-term assets (5+ years)
  • $190,984Average Assets, year-to-date
  • $80,422Average Assets, quarterly
  • $242,219Volatile liabilities
  • $234,895Insider loans
  • $185,915FHLB advances
  • $227,826Loans and leases held for sale
  • $4,489Unused loan commitments
  • $4,489Tier 1 (core) risk-based capital
  • $18,247Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,567Restructured Loans and leases
  • $4,350Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,649Total interest income
  • $2,086Total interest expense
  • $8,563Net interest income
  • $3,446Provision for loan and lease losses
  • $1,947Total noninterest income
  • $0Fiduciary activities
  • $1,015Service charges on deposit accounts
  • $0Trading account gains & fees
  • $932Additional noninterest income
  • $9,194Total noninterest expense
  • $4,490Salaries and employee benefits
  • $1,172Premises and equipment expense
  • $3,532Additional noninterest expense
  • -$2,130Pre-tax net operating income
  • $1Securities gains (losses)
  • -$1,051Applicable income taxes
  • -$1,078Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,078Net income attributable to bank
  • $0Net charge-offs
  • -$1,078Cash dividends
  • $3,015Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 4.22%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 4.53%Noninterest expense to earning assets
  • -0.45%Net operating income to assets
  • -0.45%Return on assets (ROA)
  • -0.88%Pretax return on assets
  • -5.47%Return on equity (ROE)
  • -5.47%Retained earnings to average equity (YTD only)
  • 1.68%Net charge-offs to loans
  • 114.30%Credit loss provision to net charge-offs
  • 0.44%Efficiency ratio
  • 87,479Assets per employee
  • 2.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.31%Loss allowance to noncurrent loans
  • 61.62%Noncurrent assets plus other real estate owned to assets
  • 5.59%Noncurrent loans to loans
  • 3.76%Net loans and leases to deposits
  • 85.90%Net loans and leases to core deposits
  • 95.24%Equity capital to assets
  • 8.93%Core capital (leverage) ratio
  • 8.01%Tier 1 risk-based capital ratio
  • 9.81%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $242,219Average earning assets
  • $19,723Average equity
  • $203,020Average loans

List of branches

  • 6 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06147First Bank300 East Sugarland Highway, Clewiston, FL 33440January 01, 1922Full Service Brick and Mortar
    1220704Drive-In FacilityDeane Duff Avenue And Sagamore Street, Clewiston, FL 33440Febuary 07, 1974Limited Service Facility
    2220705La Belle Branch301 Hwy 80 W, La Belle, FL 33935June 12, 1981Full Service Brick and Mortar
    3220706Berner Road Branch101 South Berner Road, Clewiston, FL 33440July 15, 1996Full Service Brick and Mortar
    4430428Ft. Myers Branch11741 Palm Beach Blvd, Suite 100, Fort Myers, FL 33905June 14, 2004Full Service Brick and Mortar
    5493520Moore Haven Branch1212 N Us Hwy 27 Sw, Moore Haven, FL 33471July 01, 2008Full Service Brick and Mortar

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