First National Bank Northwest Florida in Panama City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First National Bank Northwest Florida in Panama City, Florida (FL)
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First National Bank Northwest Florida - Overview

  • General
  • FDIC Certificate #: 25122
    Status: Active
    Federal Reserve ID: 216230
    Bank Holding Company (Regulatory Top Holder): First Northwest Florida Holding Company (RSSDID: 1246784, Location: Panama City, FL)
    Date Established: May 03, 1984
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 17382
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 03, 1984
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 East 23rd Street, Panama City, FL 32405
    County: Bay
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Panama City, FL (#6015)
    Core Based Statistical Area (CBSA): Panama City-Lynn Haven-Panama City Beach, FL (#37460)
    CBSA Metro Statistical Area: Panama City-Lynn Haven-Panama City Beach, FL (#37460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $108.6 mil
    Equity capital: $14.9 mil
    Deposits held in domestic offices: $93.6 mil
    Return on assets (ROA): -2.01% (-$2.2 mil)
    Quarterly return on assets: -3.64% (-$4.0 mil)
    Return on Equity (ROE): -14.49% (-$2.2 mil)
    Quarterly return on equity: -26.71% (-$4.0 mil)
    Net income: -$2.4 mil
    Quarterly Net income: -$1.0 mil
    Pretax return on assets: -2.01% (-$2,183.4 mil)
    Quarterly Pretax return on assets: -3.64% (-$3,953.9 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
  • 40Total employees (full-time equivalent)
  • $108,625Total assets
  • $18,010Cash and due from depository institutions
  • $15,169Interest-bearing balances
  • $18,927Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $68,660Net loans & leases
  • $2,130Loan loss allowance
  • $0Trading account assets
  • $157Bank premises and fixed assets
  • $1,327Other real estate owned
  • $207Goodwill and other intangibles
  • $108,625Life insurance assets
  • $1,337All other assets
  • $93,725Total liabilities and capital
  • $93,560Total liabilities
  • $83,458Total deposits
  • $93,560Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $165Subordinated debt
  • $14,900All other liabilities
  • $14,900Total equity capital
  • $14,900Total bank equity capital
  • $0Perpetual preferred stock
  • $1,905Common stock
  • $4,699Surplus
  • $8,296Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,545Income earned, not collected on loans
  • $1,147Earning assets
  • $340Long-term assets (5+ years)
  • $102,756Average Assets, year-to-date
  • $40,971Average Assets, quarterly
  • $118,099Volatile liabilities
  • $113,516Insider loans
  • $64,075FHLB advances
  • $114,199Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,722Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,708Restructured Loans and leases
  • $250Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,707Total interest income
  • $900Total interest expense
  • $3,807Net interest income
  • $2,629Provision for loan and lease losses
  • $182Total noninterest income
  • $0Fiduciary activities
  • $54Service charges on deposit accounts
  • $0Trading account gains & fees
  • $128Additional noninterest income
  • $3,737Total noninterest expense
  • $1,955Salaries and employee benefits
  • $618Premises and equipment expense
  • $1,164Additional noninterest expense
  • -$2,377Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,377Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,377Net income attributable to bank
  • $0Net charge-offs
  • -$2,377Cash dividends
  • $2,030Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.18%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • -2.01%Net operating income to assets
  • -2.01%Return on assets (ROA)
  • -2.01%Pretax return on assets
  • -14.49%Return on equity (ROE)
  • -14.49%Retained earnings to average equity (YTD only)
  • 2.77%Net charge-offs to loans
  • 129.51%Credit loss provision to net charge-offs
  • 0.12%Efficiency ratio
  • 93,683Assets per employee
  • 2.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.01%Loss allowance to noncurrent loans
  • 28.23%Noncurrent assets plus other real estate owned to assets
  • 8.17%Noncurrent loans to loans
  • 10.66%Net loans and leases to deposits
  • 73.39%Net loans and leases to core deposits
  • 81.90%Equity capital to assets
  • 13.72%Core capital (leverage) ratio
  • 12.89%Tier 1 risk-based capital ratio
  • 22.98%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $118,099Average earning assets
  • $16,405Average equity
  • $112,687Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017382First National Bank Northwest Florid101 East 23rd Street, Panama City, FL 32405May 03, 1984Full Service Brick and Mortar
    1257862Panama City Beach Branch12501 Hutchinson Blvd, Panama City Beach, FL 32407March 03, 1986Full Service Brick and Mortar

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