First City Bank of Florida in city_name, state_name - Detailed Financial Reports, Location

First City Bank of Florida in Fort Walton Beach, Florida (FL)
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First City Bank of Florida routing number info

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
WWW: http://www.firstcitybank.com
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

No	ID	Name	Address	Established	Service Type
0	10863	First City Bank Of Florida	135 Perry Avenue, S.E., Fort Walton Beach, FL 32548	November 17, 1948	Full Service Brick and Mortar
2	238692	Sun Plaza Branch	217-F Mary Esther Cutoff, Fort Walton Beach, FL 32548	June 26, 1981	Full Service Brick and Mortar
3	238693	Racetrack Road Branch	24 Racetrack Road, N.E., Fort Walton Beach, FL 32548	June 27, 1985	Full Service Brick and Mortar
5	238695	Destin Branch	363 East U.S. Highway 98, Destin, FL 32541	November 15, 1989	Full Service Brick and Mortar

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

First City Bank of Florida - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First City Bank of Florida - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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