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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