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- First Federal Savings Bank of New Smyrna
First Federal Savings Bank of New Smyrna in New Smyrna Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of September 19, 1997
- First Federal Savings Bank of New Smyrna in New Smyrna Beach, Florida (FL)
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First Federal Savings Bank of New Smyrna - Overview
- General
- FDIC Certificate #: 29483
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank of Florida (#18114)
Federal Reserve ID: 181776
Date Established: July 17, 1935
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3530
FDIC's unique #: 42317
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: July 17, 1935
Last Structure Change Effective Date: September 19, 1997
Last Structure Change Process Date: October 07, 1997
Last Data Update: October 07, 1997
Data Source Date: April 05, 2012 - Location
- Address: 900 N Dixie Freeway, New Smyrna Beach, FL 32168
County: Volusia
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): Daytona Beach, FL (#2020)
Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660)
CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660) - Financial Summary
- Total assets: $320.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1996)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $56Total assets
- $312,825Cash and due from depository institutions
- $11,381Interest-bearing balances
- $5,537Securities
- $45,416Federal funds sold & reverse repurchase agreements
- $6,970Net loans & leases
- $236,433Loan loss allowance
- $1,988Trading account assets
- $0Bank premises and fixed assets
- $5,409Other real estate owned
- $1,176Goodwill and other intangibles
- $6,040Life insurance assets
- $0All other assets
- $0Total liabilities and capital
- $312,825Total liabilities
- $291,190Total deposits
- $286,901Interest-bearing deposits
- $283,177Deposits held in domestic offices
- 286901.00%% insured (estimated)
- $98Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $0All other liabilities
- $4,289Total equity capital
- $4,289Total bank equity capital
- $21,635Perpetual preferred stock
- $0Common stock
- $1,150Surplus
- $9,248Undivided profits
- Memoranda
- $11,237Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $3,536Income earned, not collected on loans
- $1,355Earning assets
- $294,356Long-term assets (5+ years)
- $0Average Assets, year-to-date
- $323,535Average Assets, quarterly
- $314,631Volatile liabilities
- $27,065Insider loans
- $346FHLB advances
- $0Loans and leases held for sale
- $0Unused loan commitments
- $2,562Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $21,557Total risk weighted assets
- $160,936Total unused commitments
- $0Restructured Loans and leases
- $0Derivatives
Income and Expense (December 31, 1996)
- Dollar figures in thousands
- $0Total interest income
- $24,630Total interest expense
- $13,545Net interest income
- $11,085Provision for loan and lease losses
- $0Total noninterest income
- $806Fiduciary activities
- $0Service charges on deposit accounts
- $0Trading account gains & fees
- $0Additional noninterest income
- $806Total noninterest expense
- $7,121Salaries and employee benefits
- $1,979Premises and equipment expense
- $1,336Additional noninterest expense
- $3,806Pre-tax net operating income
- $4,770Securities gains (losses)
- $2,851Applicable income taxes
- $2,936Income before extraordinary items
- $4,685Extraordinary gains - net
- $0Net income attributable to bank
- $4,685Net charge-offs
- $19Cash dividends
- $6,440Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 1996)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 0.00%Yield on earning assets
- 8.04%Cost of funding earning assets
- 4.42%Net interest margin
- 3.62%Noninterest income to earning assets
- 0.26%Noninterest expense to earning assets
- 2.33%Net operating income to assets
- 0.88%Return on assets (ROA)
- 1.45%Pretax return on assets
- 2.36%Return on equity (ROE)
- 19.75%Retained earnings to average equity (YTD only)
- -7.40%Net charge-offs to loans
- 0.01%Credit loss provision to net charge-offs
- 0.00%Efficiency ratio
- 59,886Assets per employee
- 5.59%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 137.46%Loss allowance to loans
- 0.83%Loss allowance to noncurrent loans
- 56.22%Noncurrent assets plus other real estate owned to assets
- 1.51%Noncurrent loans to loans
- 1.48%Net loans and leases to deposits
- 82.41%Net loans and leases to core deposits
- 90.99%Equity capital to assets
- 6.92%Core capital (leverage) ratio
- 6.89%Tier 1 risk-based capital ratio
- 13.39%Total risk-based capital ratio
- Memoranda
- $15Average assets
- $323,535Average earning assets
- $23,725Average equity
- $306,213Average loans
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