First Federal Savings Bank in Marianna, Florida (FL)

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First Federal Savings Bank
GeneralFDIC Certificate #: 29275
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank of Florida (#18114)
Federal Reserve ID: 230076
Date Established: December 24, 1934
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3202
FDIC's unique #: 42109
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: December 24, 1934
Last Structure Change Effective Date: December 17, 1993
Last Structure Change Process Date: January 06, 1994
Last Data Update: January 06, 1994
Data Source Date: April 05, 2012
LocationAddress: 203 North Green Street, Marianna, FL 32446
County: Jackson
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
Financial SummaryTotal assets: $100.5 mil
Assets and Liabilities (December 31, 1992)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$40
Cash and due from depository institutions$101,367
Interest-bearing balances$4,032
Federal funds sold & reverse repurchase agreements$21,808
Net loans & leases$95
Loan loss allowance $71,332
Trading account assets$618
Bank premises and fixed assets$0
Other real estate owned$1,328
Goodwill and other intangibles$1,029
All other assets$0
Life insurance assets$1,743
Total liabilities and capital$0
Total liabilities$101,367
Total deposits$87,836
Interest-bearing deposits$86,952
Deposits held in domestic offices$85,248
% insured (estimated)86952.00%
Federal funds purchased & repurchase agreements $96
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$884
Total bank equity capital$884
Perpetual preferred stock$13,531
Common stock$0
Undivided profits $3,483
Noncurrent loans and leases $8,671
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $280
Earning assets $417
Long-term assets (5+ years) $95,592
Average Assets, year-to-date $0
Average Assets, quarterly $101,052
Volatile liabilities $101,367
Insider loans $8,988
FHLB advances $0
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $1,521
Tier 2 risk-based capital $0
Total risk weighted assets $13,531
Total unused commitments $45,962
Restructured Loans and leases $0
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Income and Expense (December 31, 1992)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $7,913
Net interest income $3,826
Provision for loan and lease losses $4,087
Total noninterest income $312
Fiduciary activities $940
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $940
Salaries and employee benefits $2,566
Premises and equipment expense $1,272
Additional noninterest expense $458
Pre-tax net operating income $836
Securities gains (losses) $2,149
Applicable income taxes $0
Income before extraordinary items $855
Extraordinary gains - net $1,294
Net income attributable to bank $0
Net charge-offs $1,294
Cash dividends $4
Sale, conversion, retirement of capital stock, net $826
Net operating income $0
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Performance and Condition Ratios (December 31, 1992)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.38%
Net interest margin 4.05%
Noninterest income to earning assets 4.33%
Noninterest expense to earning assets 1.00%
Net operating income to assets 2.72%
Return on assets (ROA) 1.28%
Pretax return on assets 1.28%
Return on equity (ROE) 2.13%
Retained earnings to average equity (YTD only) 9.58%
Net charge-offs to loans 3.46%
Credit loss provision to net charge-offs 0.01%
Efficiency ratio7800.00%
Assets per employee$51,044
Cash dividends to net income (YTD only)2.53%
Condition Ratios (%)
Loss allowance to loans 63.83%
Loss allowance to noncurrent loans 0.86%
Noncurrent assets plus other real estate owned to assets 220.71%
Noncurrent loans to loans 1.29%
Net loans and leases to deposits0.39%
Net loans and leases to core deposits 82.04%
Equity capital to assets 91.49%
Core capital (leverage) ratio 13.35%
Tier 1 risk-based capital ratio 13.35%
Total risk-based capital ratio 29.44%
Average assets$31
Average earning assets$101,052
Average equity $13,512
Average loans $94,393
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