First Coast Community Bank in Fernandina Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2010

  • First Coast Community Bank in Fernandina Beach, Florida (FL)
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First Coast Community Bank - Overview

  • General
  • FDIC Certificate #: 27075
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#873)
    Federal Reserve ID: 1157219
    Date Established: October 15, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 38680
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 15, 1987
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1750 South 14th Street, Fernandina Beach, FL 32034
    County: Nassau
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Jacksonville, FL (#3600)
    Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
    CBSA Metro Statistical Area: Jacksonville, FL (#27260)
  • Financial Summary
  • Total assets: $266.9 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, 2009)

  • Dollar figures in thousands
  • 43Total employees (full-time equivalent)
  • $270,316Total assets
  • $2,953Cash and due from depository institutions
  • $0Interest-bearing balances
  • $17,770Securities
  • $27,704Federal funds sold & reverse repurchase agreements
  • $203,688Net loans & leases
  • $5,849Loan loss allowance
  • $0Trading account assets
  • $6,654Bank premises and fixed assets
  • $4,016Other real estate owned
  • $367Goodwill and other intangibles
  • $0Life insurance assets
  • $7,164All other assets
  • $270,316Total liabilities and capital
  • $248,464Total liabilities
  • $244,044Total deposits
  • $223,326Interest-bearing deposits
  • $244,044Deposits held in domestic offices
  • 81.45%% insured (estimated)
  • $1,741Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,679All other liabilities
  • $21,852Total equity capital
  • $21,852Total bank equity capital
  • $21,852Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $10,703Undivided profits
  • Memoranda
  • $9,149Noncurrent loans and leases
  • $29,439Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,874Earning assets
  • $1,188Long-term assets (5+ years)
  • $989Average Assets, year-to-date
  • $249,162Average Assets, quarterly
  • $74,596Volatile liabilities
  • $276,101Insider loans
  • $273,385FHLB advances
  • $92,753Loans and leases held for sale
  • $5,371Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $29,439Total unused commitments
  • $0Restructured Loans and leases
  • $2,820Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $14,211Total interest income
  • $4,647Total interest expense
  • $9,564Net interest income
  • $10,638Provision for loan and lease losses
  • $457Total noninterest income
  • $0Fiduciary activities
  • $954Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$497Additional noninterest income
  • $7,800Total noninterest expense
  • $3,028Salaries and employee benefits
  • $933Premises and equipment expense
  • $3,839Additional noninterest expense
  • -$8,417Pre-tax net operating income
  • $244Securities gains (losses)
  • -$3,115Applicable income taxes
  • -$5,058Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,058Net income attributable to bank
  • $0Net charge-offs
  • -$5,058Cash dividends
  • $8,384Sale, conversion, retirement of capital stock, net
  • $889Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.46%Yield on earning assets
  • 1.79%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • -1.89%Net operating income to assets
  • -1.83%Return on assets (ROA)
  • -2.96%Pretax return on assets
  • -23.02%Return on equity (ROE)
  • -27.06%Retained earnings to average equity (YTD only)
  • 3.79%Net charge-offs to loans
  • 126.88%Credit loss provision to net charge-offs
  • 0.26%Efficiency ratio
  • 77,837Assets per employee
  • 6.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -17.58%Loss allowance to loans
  • 2.79%Loss allowance to noncurrent loans
  • 59.24%Noncurrent assets plus other real estate owned to assets
  • 5.14%Noncurrent loans to loans
  • 4.71%Net loans and leases to deposits
  • 83.46%Net loans and leases to core deposits
  • 133.10%Equity capital to assets
  • 8.08%Core capital (leverage) ratio
  • 7.86%Tier 1 risk-based capital ratio
  • 9.60%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $276,101Average earning assets
  • $21,975Average equity
  • $260,189Average loans

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