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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