First Federal Savings Bank of De Funiak Springs in Defuniak Springs, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 22, 1993

  • First Federal Savings Bank of De Funiak Springs in Defuniak Springs, Florida (FL)
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First Federal Savings Bank of De Funiak Springs - Overview

  • General
  • FDIC Certificate #: 31438
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Regions Bank of Florida (#18114)
    Federal Reserve ID: 135274
    Date Established: April 22, 1964
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 6965
    FDIC's unique #: 44272
    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: April 22, 1964
    Last Structure Change Effective Date: October 22, 1993
    Last Structure Change Process Date: November 22, 1993
    Last Data Update: November 22, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: Corner Of Hwy 90 & Nelson Avenue, Defuniak Springs, FL 32433
    County: Walton
    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
  • History of Changes
  • Merger - Without Assistance
    Change in Location
  • Financial Summary
  • Total assets: $89.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $39Total assets
  • $92,566Cash and due from depository institutions
  • $10,720Interest-bearing balances
  • $8,572Securities
  • $10,296Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $66,377Loan loss allowance
  • $712Trading account assets
  • $0Bank premises and fixed assets
  • $1,388Other real estate owned
  • $2,124Goodwill and other intangibles
  • $1,661Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $92,566Total liabilities
  • $86,449Total deposits
  • $85,499Interest-bearing deposits
  • $83,327Deposits held in domestic offices
  • 85499.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $950Total equity capital
  • $950Total bank equity capital
  • $6,117Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $2,727Undivided profits
  • Memoranda
  • $3,389Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $972Income earned, not collected on loans
  • $383Earning assets
  • $85,245Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $90,639Average Assets, quarterly
  • $91,740Volatile liabilities
  • $4,466Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,452Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,117Total risk weighted assets
  • $48,460Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,563Total interest expense
  • $3,723Net interest income
  • $2,840Provision for loan and lease losses
  • $11Total noninterest income
  • $864Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $864Total noninterest expense
  • $2,297Salaries and employee benefits
  • $959Premises and equipment expense
  • $616Additional noninterest expense
  • $722Pre-tax net operating income
  • $1,396Securities gains (losses)
  • $0Applicable income taxes
  • $367Income before extraordinary items
  • $1,029Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,029Net charge-offs
  • $0Cash dividends
  • $551Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.02%Cost of funding earning assets
  • 4.55%Net interest margin
  • 3.47%Noninterest income to earning assets
  • 1.06%Noninterest expense to earning assets
  • 2.81%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 1.54%Return on equity (ROE)
  • 17.18%Retained earnings to average equity (YTD only)
  • 7.98%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,014Assets per employee
  • 2.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.55%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 73.25%Noncurrent assets plus other real estate owned to assets
  • 3.34%Noncurrent loans to loans
  • 1.45%Net loans and leases to deposits
  • 77.63%Net loans and leases to core deposits
  • 81.91%Equity capital to assets
  • 6.61%Core capital (leverage) ratio
  • 6.61%Tier 1 risk-based capital ratio
  • 12.62%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $90,639Average earning assets
  • $5,990Average equity
  • $81,829Average loans

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