First Federal Savings Bank of New Smyrna in New Smyrna Beach, Florida (FL)
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| First Federal Savings Bank of New Smyrna | |
|---|---|
| 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 |
| 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 |
| 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 |
| Performance and Condition Ratios (December 31, 1996) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.00% |
| 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 ratio | 0.00% |
| 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 deposits | 1.48% |
| 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 |
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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.