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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