First Guaranty Bank and Trust Company of Jacksonville in Jacksonville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 27, 2012

  • First Guaranty Bank and Trust Company of Jacksonville in Jacksonville, Florida (FL)
  • Show street view No street view available for this location
First Guaranty Bank and Trust Company of Jacksonville routing number info

First Guaranty Bank and Trust Company of Jacksonville - Overview

  • General
  • FDIC Certificate #: 16579
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: CenterState Bank of Florida, National Association (#33555)
    Federal Reserve ID: 895831
    Date Established: May 29, 1947
    WWW: http://www.firstguarantybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 15504
    FDIC's unique #: 10725
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 29, 1947
    Last Structure Change Effective Date: January 27, 2012
    Last Structure Change Process Date: January 30, 2012
    Last Data Update: January 30, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1234 King Street, Jacksonville, FL 32203
    County: Duval
    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): Jacksonville, FL (#3600)
    Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
    CBSA Metro Statistical Area: Jacksonville, FL (#27260)
  • Financial Summary
  • Total assets: $397.1 mil
    Equity capital: $2.4 mil
    Deposits held in domestic offices: $378.3 mil
    Return on assets (ROA): -2.47% (-$9.8 mil)
    Quarterly return on assets: -3.88% (-$15.4 mil)
    Return on Equity (ROE): -121.81% (-$2.4 mil)
    Quarterly return on equity: -345.48% (-$6.9 mil)
    Net income: -$10.0 mil
    Quarterly Net income: -$3.8 mil
    Pretax return on assets: -2.47% (-$9,807.9 mil)
    Quarterly Pretax return on assets: -3.88% (-$15,406.8 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, 2011)

  • Dollar figures in thousands
  • 80Total employees (full-time equivalent)
  • $397,082Total assets
  • $90,383Cash and due from depository institutions
  • $85,573Interest-bearing balances
  • $3,508Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $258,009Net loans & leases
  • $15,131Loan loss allowance
  • $0Trading account assets
  • $18,526Bank premises and fixed assets
  • $16,371Other real estate owned
  • $0Goodwill and other intangibles
  • $397,082Life insurance assets
  • $10,285All other assets
  • $394,647Total liabilities and capital
  • $378,309Total liabilities
  • $316,087Total deposits
  • $378,309Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,000Trading liabilities
  • $0Other borrowed funds
  • $1,338Subordinated debt
  • $2,435All other liabilities
  • $2,435Total equity capital
  • $2,435Total bank equity capital
  • $0Perpetual preferred stock
  • $1,820Common stock
  • $1,820Surplus
  • $-1,205Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $96,498Income earned, not collected on loans
  • $0Earning assets
  • $785Long-term assets (5+ years)
  • $347,090Average Assets, year-to-date
  • $29,861Average Assets, quarterly
  • $403,655Volatile liabilities
  • $387,488Insider loans
  • $287,635FHLB advances
  • $401,210Loans and leases held for sale
  • $2,654Unused loan commitments
  • $2,654Tier 1 (core) risk-based capital
  • $2,427Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,374Restructured Loans and leases
  • $257Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,444Total interest income
  • $5,797Total interest expense
  • $6,647Net interest income
  • $2,196Provision for loan and lease losses
  • $1,414Total noninterest income
  • $1,370Fiduciary activities
  • $689Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$645Additional noninterest income
  • $16,338Total noninterest expense
  • $5,585Salaries and employee benefits
  • $1,733Premises and equipment expense
  • $9,020Additional noninterest expense
  • -$10,473Pre-tax net operating income
  • $497Securities gains (losses)
  • $0Applicable income taxes
  • -$9,976Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,976Net income attributable to bank
  • $0Net charge-offs
  • -$9,976Cash dividends
  • $4,896Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.52%Yield on earning assets
  • 1.64%Cost of funding earning assets
  • 1.88%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 4.62%Noninterest expense to earning assets
  • -2.59%Net operating income to assets
  • -2.47%Return on assets (ROA)
  • -2.47%Pretax return on assets
  • -121.81%Return on equity (ROE)
  • -121.81%Retained earnings to average equity (YTD only)
  • 1.67%Net charge-offs to loans
  • 44.85%Credit loss provision to net charge-offs
  • -1.69%Efficiency ratio
  • 202,680Assets per employee
  • 4.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.54%Loss allowance to noncurrent loans
  • 15.68%Noncurrent assets plus other real estate owned to assets
  • 28.42%Noncurrent loans to loans
  • 35.33%Net loans and leases to deposits
  • 68.20%Net loans and leases to core deposits
  • 74.85%Equity capital to assets
  • 0.61%Core capital (leverage) ratio
  • 0.60%Tier 1 risk-based capital ratio
  • 0.84%Total risk-based capital ratio
  • Memoranda
  • $2Average assets
  • $403,655Average earning assets
  • $8,190Average equity
  • $353,281Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $109,969Managed Assets
  • 1Number of Accounts
  • $108,836Personal trust and agency accounts
  • $69,693Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $17,489Corporate trust and agency accounts
  • $1,063Investment management agency accounts
  • $12,398Other fiduciary accounts
  • $8,193Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 224Number of Accounts
  • $0Personal trust and agency accounts
  • $17,489Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,133Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $279Fiduciary accounts held in foreign offices

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Guaranty Bank and Trust Company of Jacksonville.
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.
Table of Contents