First Federal Savings Bank of Lake County in Leesburg, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 02, 2005

  • First Federal Savings Bank of Lake County in Leesburg, Florida (FL)
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First Federal Savings Bank of Lake County - Overview

  • General
  • FDIC Certificate #: 28856
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 522874
    Date Established: April 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2499
    FDIC's unique #: 41690
    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: November 15, 1934
    Last Structure Change Effective Date: June 02, 2005
    Last Structure Change Process Date: June 14, 2005
    Last Data Update: June 14, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 800 North Boulevard West, Leesburg, FL 34748
    County: Lake
    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): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • Financial Summary
  • Total assets: $1,112.4 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
  • 264Total employees (full-time equivalent)
  • $1,065,217Total assets
  • $64,501Cash and due from depository institutions
  • $43,915Interest-bearing balances
  • $74,513Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $881,283Net loans & leases
  • $6,127Loan loss allowance
  • $0Trading account assets
  • $22,392Bank premises and fixed assets
  • $4,240Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $18,288All other assets
  • $1,065,217Total liabilities and capital
  • $979,194Total liabilities
  • $805,354Total deposits
  • $755,958Interest-bearing deposits
  • $805,354Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $17,032Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $154,150Other borrowed funds
  • $0Subordinated debt
  • $2,658All other liabilities
  • $86,023Total equity capital
  • $86,023Total bank equity capital
  • $86,023Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $19,564Undivided profits
  • Memoranda
  • $66,458Noncurrent loans and leases
  • $176,917Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,523Earning assets
  • $0Long-term assets (5+ years)
  • $3,818Average Assets, year-to-date
  • $999,711Average Assets, quarterly
  • $0Volatile liabilities
  • $1,009,300Insider loans
  • $1,052,552FHLB advances
  • $394,104Loans and leases held for sale
  • $16,464Unused loan commitments
  • $153,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $176,917Total unused commitments
  • $251Restructured Loans and leases
  • $6,127Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $55,390Total interest income
  • $23,032Total interest expense
  • $32,358Net interest income
  • $1,675Provision for loan and lease losses
  • $3,846Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,846Additional noninterest income
  • $18,171Total noninterest expense
  • $10,976Salaries and employee benefits
  • $4,662Premises and equipment expense
  • $2,533Additional noninterest expense
  • $16,358Pre-tax net operating income
  • $491Securities gains (losses)
  • $6,446Applicable income taxes
  • $10,403Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,403Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $907Sale, conversion, retirement of capital stock, net
  • $3,300Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.97%Yield on earning assets
  • 2.48%Cost of funding earning assets
  • 3.49%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 1.96%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 12.51%Return on equity (ROE)
  • 8.54%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 184.67%Credit loss provision to net charge-offs
  • 19.88%Efficiency ratio
  • 50,191Assets per employee
  • 4.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.72%Loss allowance to loans
  • 0.69%Loss allowance to noncurrent loans
  • 242.85%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 109.43%Net loans and leases to core deposits
  • 151.31%Equity capital to assets
  • 8.08%Core capital (leverage) ratio
  • 7.70%Tier 1 risk-based capital ratio
  • 10.89%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,009,300Average earning assets
  • $83,164Average equity
  • $927,323Average loans

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