First City Bank of Florida in Fort Walton Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First City Bank of Florida in Fort Walton Beach, Florida (FL)
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First City Bank of Florida - Overview

  • General
  • FDIC Certificate #: 16748
    Status: Active
    Federal Reserve ID: 695134
    Bank Holding Company (Regulatory Top Holder): Florida First City Banks, Inc. (RSSDID: 1246382, Location: Fort Walton Beach, FL)
    Date Established: November 17, 1948
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 11266
    FDIC's unique #: 10863
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 17, 1948
    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: 135 Perry Avenue, S.E., Fort Walton Beach, FL 32548
    County: Okaloosa
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Walton Beach, FL (#2750)
    Core Based Statistical Area (CBSA): Crestview-Fort Walton Beach-Destin, FL (#18880)
    CBSA Metro Statistical Area: Crestview-Fort Walton Beach-Destin, FL (#18880)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $261.9 mil
    Equity capital: $6.5 mil
    Deposits held in domestic offices: $244.8 mil
    Return on assets (ROA): -0.69% (-$1.8 mil)
    Quarterly return on assets: -0.18% (-$0.5 mil)
    Return on Equity (ROE): -26.17% (-$1.8 mil)
    Quarterly return on equity: -7.33% (-$0.5 mil)
    Net income: -$1.9 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.69% (-$1,807.3 mil)
    Quarterly Pretax return on assets: -0.18% (-$471.5 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
  • 59Total employees (full-time equivalent)
  • $261,931Total assets
  • $13,854Cash and due from depository institutions
  • $11,731Interest-bearing balances
  • $33,438Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $166,389Net loans & leases
  • $4,652Loan loss allowance
  • $0Trading account assets
  • $13,547Bank premises and fixed assets
  • $27,076Other real estate owned
  • $0Goodwill and other intangibles
  • $261,931Life insurance assets
  • $7,627All other assets
  • $255,428Total liabilities and capital
  • $244,794Total liabilities
  • $221,025Total deposits
  • $244,794Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $634Subordinated debt
  • $6,503All other liabilities
  • $6,503Total equity capital
  • $6,503Total bank equity capital
  • $0Perpetual preferred stock
  • $414Common stock
  • $9,480Surplus
  • $-3,391Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,376Income earned, not collected on loans
  • $0Earning assets
  • $1,025Long-term assets (5+ years)
  • $211,558Average Assets, year-to-date
  • $19,202Average Assets, quarterly
  • $275,755Volatile liabilities
  • $266,110Insider loans
  • $189,349FHLB advances
  • $266,125Loans and leases held for sale
  • $4,902Unused loan commitments
  • $4,902Tier 1 (core) risk-based capital
  • $6,571Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,740Restructured Loans and leases
  • $3,250Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,407Total interest income
  • $2,713Total interest expense
  • $6,694Net interest income
  • $2,000Provision for loan and lease losses
  • $1,536Total noninterest income
  • $0Fiduciary activities
  • $627Service charges on deposit accounts
  • $0Trading account gains & fees
  • $909Additional noninterest income
  • $8,416Total noninterest expense
  • $3,595Salaries and employee benefits
  • $1,524Premises and equipment expense
  • $3,297Additional noninterest expense
  • -$2,186Pre-tax net operating income
  • $278Securities gains (losses)
  • $0Applicable income taxes
  • -$1,908Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,908Net income attributable to bank
  • $0Net charge-offs
  • -$1,908Cash dividends
  • $2,575Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 2.97%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • -0.79%Net operating income to assets
  • -0.69%Return on assets (ROA)
  • -0.69%Pretax return on assets
  • -26.17%Return on equity (ROE)
  • -26.17%Retained earnings to average equity (YTD only)
  • 1.41%Net charge-offs to loans
  • 77.67%Credit loss provision to net charge-offs
  • -0.07%Efficiency ratio
  • 102,260Assets per employee
  • 4.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.72%Loss allowance to noncurrent loans
  • 37.59%Noncurrent assets plus other real estate owned to assets
  • 15.06%Noncurrent loans to loans
  • 7.24%Net loans and leases to deposits
  • 67.97%Net loans and leases to core deposits
  • 69.36%Equity capital to assets
  • 2.48%Core capital (leverage) ratio
  • 2.47%Tier 1 risk-based capital ratio
  • 3.47%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $275,755Average earning assets
  • $7,292Average equity
  • $225,529Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010863First City Bank Of Florida135 Perry Avenue, S.E., Fort Walton Beach, FL 32548November 17, 1948Full Service Brick and Mortar
    2238692Sun Plaza Branch217-F Mary Esther Cutoff, Fort Walton Beach, FL 32548June 26, 1981Full Service Brick and Mortar
    3238693Racetrack Road Branch24 Racetrack Road, N.E., Fort Walton Beach, FL 32548June 27, 1985Full Service Brick and Mortar
    5238695Destin Branch363 East U.S. Highway 98, Destin, FL 32541November 15, 1989Full Service Brick and Mortar

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