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- Banks in Florida (FL)
- First Central Bank
First Central Bank in St. Petersburg, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of Febuary 12, 1998
- First Central Bank in St. Petersburg, Florida (FL)
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First Central Bank - Overview
- General
- FDIC Certificate #: 27242
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colonial Bank (#9609)
Federal Reserve ID: 1189975
Date Established: May 11, 1988
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 39182
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: May 11, 1988
Last Structure Change Effective Date: Febuary 12, 1998
Last Structure Change Process Date: March 20, 1998
Last Data Update: March 20, 1998
Data Source Date: April 05, 2012 - Location
- Address: 5712 5th Avenue, North, St. Petersburg, FL 33743
County: Pinellas
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 Summary
- Total assets: $62.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
- Dollar figures in thousands
- 14Total employees (full-time equivalent)
- $62,897Total assets
- $13,650Cash and due from depository institutions
- $0Interest-bearing balances
- $7,982Securities
- $0Federal funds sold & reverse repurchase agreements
- $39,881Net loans & leases
- $570Loan loss allowance
- $0Trading account assets
- $60Bank premises and fixed assets
- $0Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $1,324All other assets
- $62,897Total liabilities and capital
- $52,785Total liabilities
- $52,048Total deposits
- $40,313Interest-bearing deposits
- $52,048Deposits held in domestic offices
- 0.00%% insured (estimated)
- $0Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $737All other liabilities
- $10,112Total equity capital
- $10,112Total bank equity capital
- $10,112Perpetual preferred stock
- $0Common stock
- $1,638Surplus
- $1,138Undivided profits
- Memoranda
- $7,336Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $100Earning assets
- $0Long-term assets (5+ years)
- $210Average Assets, year-to-date
- $47,863Average Assets, quarterly
- $1,160Volatile liabilities
- $56,225Insider loans
- $59,674FHLB advances
- $7,424Loans and leases held for sale
- $813Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $7,585Total unused commitments
- $0Restructured Loans and leases
- $44,094Derivatives
Income and Expense (December 31, 1997)
- Dollar figures in thousands
- $4,685Total interest income
- $1,062Total interest expense
- $3,623Net interest income
- $83Provision for loan and lease losses
- $477Total noninterest income
- $0Fiduciary activities
- $394Service charges on deposit accounts
- $0Trading account gains & fees
- $83Additional noninterest income
- $1,955Total noninterest expense
- $1,009Salaries and employee benefits
- $271Premises and equipment expense
- $675Additional noninterest expense
- $2,062Pre-tax net operating income
- $0Securities gains (losses)
- $742Applicable income taxes
- $1,320Income before extraordinary items
- $0Extraordinary gains - net
- $1,320Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $46Sale, conversion, retirement of capital stock, net
- $328Net operating income
Performance and Condition Ratios (December 31, 1997)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 9.68%Yield on earning assets
- 2.19%Cost of funding earning assets
- 7.49%Net interest margin
- 0.99%Noninterest income to earning assets
- 4.04%Noninterest expense to earning assets
- 2.35%Net operating income to assets
- 2.35%Return on assets (ROA)
- 3.67%Pretax return on assets
- 13.67%Return on equity (ROE)
- 10.27%Retained earnings to average equity (YTD only)
- 0.12%Net charge-offs to loans
- 180.43%Credit loss provision to net charge-offs
- 46.63%Efficiency ratio
- 47,683Assets per employee
- 4.49%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 24.85%Loss allowance to loans
- 1.41%Loss allowance to noncurrent loans
- 570.00%Noncurrent assets plus other real estate owned to assets
- 0.16%Noncurrent loans to loans
- 0.25%Net loans and leases to deposits
- 76.62%Net loans and leases to core deposits
- 89.37%Equity capital to assets
- 16.08%Core capital (leverage) ratio
- 17.66%Tier 1 risk-based capital ratio
- 22.93%Total risk-based capital ratio
- Memoranda
- $24Average assets
- $56,225Average earning assets
- $9,658Average equity
- $48,396Average loans
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- Banks in Florida (FL)
- First Central Bank
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