First Community Bank of Palm Beach County in Pahokee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2005

  • First Community Bank of Palm Beach County in Pahokee, Florida (FL)
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First Community Bank of Palm Beach County - Overview

  • General
  • FDIC Certificate #: 5663
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fidelity Federal Bank & Trust (#30614)
    Federal Reserve ID: 138930
    Date Established: May 31, 1922
    WWW: http://www.oldestbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 9638
    FDIC's unique #: 3851
    Numeric code: 21
    Regulator: FDIC
    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: January 01, 1934
    Last Structure Change Effective Date: April 01, 2005
    Last Structure Change Process Date: April 12, 2005
    Last Data Update: April 12, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 104 South Lake Avenue, Pahokee, FL 33476
    County: Palm Beach
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): West Palm Beach-Boca Raton, FL (#8960)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: West Palm Beach-Boca Raton-Boynton Beach, FL (#48424)
  • Financial Summary
  • Total assets: $155.8 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, 2004)

  • Dollar figures in thousands
  • 50Total employees (full-time equivalent)
  • $153,305Total assets
  • $6,781Cash and due from depository institutions
  • $239Interest-bearing balances
  • $34,282Securities
  • $11,256Federal funds sold & reverse repurchase agreements
  • $95,554Net loans & leases
  • $998Loan loss allowance
  • $0Trading account assets
  • $3,765Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,667All other assets
  • $153,305Total liabilities and capital
  • $141,730Total liabilities
  • $134,777Total deposits
  • $88,389Interest-bearing deposits
  • $134,777Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,337Other borrowed funds
  • $0Subordinated debt
  • $616All other liabilities
  • $11,575Total equity capital
  • $11,575Total bank equity capital
  • $11,575Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $1,500Undivided profits
  • Memoranda
  • $9,575Noncurrent loans and leases
  • $16,332Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4Earning assets
  • $0Long-term assets (5+ years)
  • $618Average Assets, year-to-date
  • $141,331Average Assets, quarterly
  • $33,928Volatile liabilities
  • $152,751Insider loans
  • $154,328FHLB advances
  • $8,535Loans and leases held for sale
  • $606Unused loan commitments
  • $6,337Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,799Total risk weighted assets
  • $16,332Total unused commitments
  • $0Restructured Loans and leases
  • $998Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $7,162Total interest income
  • $1,209Total interest expense
  • $5,953Net interest income
  • $100Provision for loan and lease losses
  • $1,212Total noninterest income
  • $0Fiduciary activities
  • $893Service charges on deposit accounts
  • $0Trading account gains & fees
  • $319Additional noninterest income
  • $4,594Total noninterest expense
  • $2,205Salaries and employee benefits
  • $1,176Premises and equipment expense
  • $1,213Additional noninterest expense
  • $2,471Pre-tax net operating income
  • -$1Securities gains (losses)
  • -$10Applicable income taxes
  • $2,480Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,480Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$68Sale, conversion, retirement of capital stock, net
  • $1,291Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.25%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 1.62%Net operating income to assets
  • 1.62%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 22.33%Return on equity (ROE)
  • 10.71%Retained earnings to average equity (YTD only)
  • -0.07%Net charge-offs to loans
  • -147.06%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,117Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.06%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 24950.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 70.90%Net loans and leases to core deposits
  • 75.69%Equity capital to assets
  • 7.55%Core capital (leverage) ratio
  • 7.54%Tier 1 risk-based capital ratio
  • 11.12%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $152,751Average earning assets
  • $11,107Average equity
  • $140,111Average loans

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