First National Bank of Nassau County in Fernandina Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 10, 2008

  • First National Bank of Nassau County in Fernandina Beach, Florida (FL)
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First National Bank of Nassau County - Overview

  • General
  • FDIC Certificate #: 35049
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CBC NATIONAL BANK (#35309)
    Federal Reserve ID: 2771797
    Date Established: July 26, 1999
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 74353
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 26, 1999
    Last Structure Change Effective Date: August 10, 2008
    Last Structure Change Process Date: September 26, 2008
    Last Data Update: September 26, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1891 South 14th Street, Fernandina Beach, FL 32034
    County: Nassau
    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: $260.1 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, 2007)

  • Dollar figures in thousands
  • 59Total employees (full-time equivalent)
  • $241,927Total assets
  • $4,754Cash and due from depository institutions
  • $1,510Interest-bearing balances
  • $43,387Securities
  • $1,452Federal funds sold & reverse repurchase agreements
  • $168,510Net loans & leases
  • $1,993Loan loss allowance
  • $0Trading account assets
  • $3,870Bank premises and fixed assets
  • $319Other real estate owned
  • $10,871Goodwill and other intangibles
  • $4,483Life insurance assets
  • $8,764All other assets
  • $241,927Total liabilities and capital
  • $208,940Total liabilities
  • $187,705Total deposits
  • $173,106Interest-bearing deposits
  • $187,705Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $17,273Other borrowed funds
  • $0Subordinated debt
  • $1,962All other liabilities
  • $32,987Total equity capital
  • $32,987Total bank equity capital
  • $32,987Perpetual preferred stock
  • $0Common stock
  • $3,500Surplus
  • $24,878Undivided profits
  • Memoranda
  • $4,609Noncurrent loans and leases
  • $37,736Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,733Earning assets
  • $0Long-term assets (5+ years)
  • $1,136Average Assets, year-to-date
  • $214,859Average Assets, quarterly
  • $65,787Volatile liabilities
  • $235,720Insider loans
  • $238,066FHLB advances
  • $70,014Loans and leases held for sale
  • $4,991Unused loan commitments
  • $17,273Tier 1 (core) risk-based capital
  • $59,054Tier 2 risk-based capital
  • $19,552Total risk weighted assets
  • $37,736Total unused commitments
  • $0Restructured Loans and leases
  • $2,011Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $15,587Total interest income
  • $8,193Total interest expense
  • $7,394Net interest income
  • $252Provision for loan and lease losses
  • $1,522Total noninterest income
  • $0Fiduciary activities
  • $348Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,174Additional noninterest income
  • $5,700Total noninterest expense
  • $3,565Salaries and employee benefits
  • $489Premises and equipment expense
  • $1,646Additional noninterest expense
  • $2,964Pre-tax net operating income
  • $6Securities gains (losses)
  • $916Applicable income taxes
  • $2,054Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,054Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $79Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.48%Yield on earning assets
  • 3.93%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 2.73%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 6.46%Return on equity (ROE)
  • 6.46%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 318.99%Credit loss provision to net charge-offs
  • 40.71%Efficiency ratio
  • 60,778Assets per employee
  • 4.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 115.00%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 1.02%Net loans and leases to deposits
  • 89.77%Net loans and leases to core deposits
  • 138.13%Equity capital to assets
  • 13.64%Core capital (leverage) ratio
  • 9.91%Tier 1 risk-based capital ratio
  • 12.54%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $235,720Average earning assets
  • $31,786Average equity
  • $208,479Average loans

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