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

This bank is inactive as of October 22, 2010

First Bank of Jacksonville - Overview

  • General
  • FDIC Certificate #: 27573
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Ameris Bank (#20504)
    Federal Reserve ID: 1402405
    Date Established: August 28, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 40358
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 28, 1989
    Last Structure Change Effective Date: October 22, 2010
    Last Structure Change Process Date: October 25, 2010
    Last Data Update: October 25, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 11100 San Jose Boulevard, Jacksonville, FL 32223
    County: Duval
    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): Jacksonville, FL (#3600)
    Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
    CBSA Metro Statistical Area: Jacksonville, FL (#27260)
  • Financial Summary
  • Total assets: $73.9 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, 2009)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $80,363Total assets
  • $2,627Cash and due from depository institutions
  • $27Interest-bearing balances
  • $4,098Securities
  • $5,916Federal funds sold & reverse repurchase agreements
  • $61,143Net loans & leases
  • $1,312Loan loss allowance
  • $0Trading account assets
  • $1,103Bank premises and fixed assets
  • $4,483Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $993All other assets
  • $80,363Total liabilities and capital
  • $75,496Total liabilities
  • $72,667Total deposits
  • $65,187Interest-bearing deposits
  • $72,667Deposits held in domestic offices
  • 96.31%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,613Other borrowed funds
  • $0Subordinated debt
  • $216All other liabilities
  • $4,867Total equity capital
  • $4,867Total bank equity capital
  • $4,867Perpetual preferred stock
  • $0Common stock
  • $7,732Surplus
  • $1,881Undivided profits
  • Memoranda
  • $-4,746Noncurrent loans and leases
  • $3,213Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,115Earning assets
  • $0Long-term assets (5+ years)
  • $363Average Assets, year-to-date
  • $71,184Average Assets, quarterly
  • $16,579Volatile liabilities
  • $92,032Insider loans
  • $85,662FHLB advances
  • $24,916Loans and leases held for sale
  • $759Unused loan commitments
  • $2,613Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,213Total unused commitments
  • $5,448Restructured Loans and leases
  • $806Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $4,608Total interest income
  • $1,914Total interest expense
  • $2,694Net interest income
  • $2,908Provision for loan and lease losses
  • -$362Total noninterest income
  • $0Fiduciary activities
  • $100Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$462Additional noninterest income
  • $3,471Total noninterest expense
  • $1,538Salaries and employee benefits
  • $347Premises and equipment expense
  • $1,586Additional noninterest expense
  • -$4,047Pre-tax net operating income
  • $652Securities gains (losses)
  • $778Applicable income taxes
  • -$4,173Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,173Net income attributable to bank
  • $0Net charge-offs
  • -$4,173Cash dividends
  • $3,474Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.50%Yield on earning assets
  • 2.28%Cost of funding earning assets
  • 3.21%Net interest margin
  • -0.43%Noninterest income to earning assets
  • 4.14%Noninterest expense to earning assets
  • -5.24%Net operating income to assets
  • -4.53%Return on assets (ROA)
  • -3.69%Pretax return on assets
  • -57.47%Return on equity (ROE)
  • -57.47%Retained earnings to average equity (YTD only)
  • 5.01%Net charge-offs to loans
  • 83.71%Credit loss provision to net charge-offs
  • -0.33%Efficiency ratio
  • 148,842Assets per employee
  • 3.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 31.88%Noncurrent assets plus other real estate owned to assets
  • 10.70%Noncurrent loans to loans
  • 6.59%Net loans and leases to deposits
  • 84.14%Net loans and leases to core deposits
  • 128.05%Equity capital to assets
  • 6.06%Core capital (leverage) ratio
  • 5.60%Tier 1 risk-based capital ratio
  • 7.60%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $92,032Average earning assets
  • $7,261Average equity
  • $83,853Average loans

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