First Federal Savings Bank of New Smyrna in New Smyrna Beach, Florida (FL)



Show street view No street view available for this location
Table of contents:
First Federal Savings Bank of New Smyrna
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)0
Total assets$56
Cash and due from depository institutions$312,825
Interest-bearing balances$11,381
Securities$5,537
Federal funds sold & reverse repurchase agreements$45,416
Net loans & leases$6,970
Loan loss allowance $236,433
Trading account assets$1,988
Bank premises and fixed assets$0
Other real estate owned$5,409
Goodwill and other intangibles$1,176
All other assets$0
Life insurance assets$6,040
Total liabilities and capital$0
Total liabilities$312,825
Total deposits$291,190
Interest-bearing deposits$286,901
Deposits held in domestic offices$283,177
% insured (estimated)286901.00%
Federal funds purchased & repurchase agreements $98
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$4,289
Total bank equity capital$4,289
Perpetual preferred stock$21,635
Common stock$0
Surplus$1,150
Undivided profits $9,248
Memoranda
Noncurrent loans and leases $11,237
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,536
Earning assets $1,355
Long-term assets (5+ years) $294,356
Average Assets, year-to-date $0
Average Assets, quarterly $323,535
Volatile liabilities $314,631
Insider loans $27,065
FHLB advances $346
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $2,562
Tier 2 risk-based capital $0
Total risk weighted assets $21,557
Total unused commitments $160,936
Restructured Loans and leases $0
Derivatives$0
Back to page top, Back to table top

Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $24,630
Net interest income $13,545
Provision for loan and lease losses $11,085
Total noninterest income $0
Fiduciary activities $806
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $806
Salaries and employee benefits $7,121
Premises and equipment expense $1,979
Additional noninterest expense $1,336
Pre-tax net operating income $3,806
Securities gains (losses) $4,770
Applicable income taxes $2,851
Income before extraordinary items $2,936
Extraordinary gains - net $4,685
Net income attributable to bank $0
Net charge-offs $4,685
Cash dividends $19
Sale, conversion, retirement of capital stock, net $6,440
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.04%
Net interest margin 4.42%
Noninterest income to earning assets 3.62%
Noninterest expense to earning assets 0.26%
Net operating income to assets 2.33%
Return on assets (ROA) 0.88%
Pretax return on assets 1.45%
Return on equity (ROE) 2.36%
Retained earnings to average equity (YTD only) 19.75%
Net charge-offs to loans -7.40%
Credit loss provision to net charge-offs 0.01%
Efficiency ratio0.00%
Assets per employee$59,886
Cash dividends to net income (YTD only)5.59%
Condition Ratios (%)
Loss allowance to loans 137.46%
Loss allowance to noncurrent loans 0.83%
Noncurrent assets plus other real estate owned to assets 56.22%
Noncurrent loans to loans 1.51%
Net loans and leases to deposits1.48%
Net loans and leases to core deposits 82.41%
Equity capital to assets 90.99%
Core capital (leverage) ratio 6.92%
Tier 1 risk-based capital ratio 6.89%
Total risk-based capital ratio 13.39%
Memoranda
Average assets$15
Average earning assets$323,535
Average equity $23,725
Average loans $306,213
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Federal Savings Bank of New Smyrna.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.