First National Bank of Pasco in Dade City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Pasco - Overview

  • General
  • FDIC Certificate #: 26829
    Status: Active
    Federal Reserve ID: 82033
    Bank Holding Company (Regulatory Top Holder): Florida Bancshares, Inc. (RSSDID: 2552400, Location: Dade City, FL)
    Date Established: November 03, 1986
    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: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13325
    FDIC's unique #: 36055
    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: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: November 03, 1986
    Last Structure Change Effective Date: July 26, 2007
    Last Structure Change Process Date: September 13, 2007
    Last Data Update: September 13, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 13315 Ushwy 301 South, Dade City, FL 33525
    County: Pasco
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $159.6 mil
    Equity capital: $13.1 mil
    Deposits held in domestic offices: $141.4 mil
    Return on assets (ROA): -2.70% (-$4.3 mil)
    Quarterly return on assets: -6.74% (-$10.8 mil)
    Return on Equity (ROE): -30.50% (-$4.0 mil)
    Quarterly return on equity: -74.74% (-$9.7 mil)
    Net income: -$4.5 mil
    Quarterly Net income: -$2.7 mil
    Pretax return on assets: -4.53% (-$7,228.6 mil)
    Quarterly Pretax return on assets: -10.95% (-$17,473.0 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)
  • $159,571Total assets
  • $4,661Cash and due from depository institutions
  • $124Interest-bearing balances
  • $36,220Securities
  • $5,711Federal funds sold & reverse repurchase agreements
  • $101,147Net loans & leases
  • $6,620Loan loss allowance
  • $0Trading account assets
  • $2,462Bank premises and fixed assets
  • $995Other real estate owned
  • $0Goodwill and other intangibles
  • $159,571Life insurance assets
  • $8,375All other assets
  • $146,446Total liabilities and capital
  • $141,434Total liabilities
  • $116,289Total deposits
  • $141,434Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $1,012Subordinated debt
  • $13,125All other liabilities
  • $13,125Total equity capital
  • $13,125Total bank equity capital
  • $0Perpetual preferred stock
  • $638Common stock
  • $4,280Surplus
  • $8,207Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,369Income earned, not collected on loans
  • $0Earning assets
  • $660Long-term assets (5+ years)
  • $143,202Average Assets, year-to-date
  • $95,571Average Assets, quarterly
  • $167,944Volatile liabilities
  • $160,896Insider loans
  • $97,780FHLB advances
  • $158,783Loans and leases held for sale
  • $2,018Unused loan commitments
  • $2,018Tier 1 (core) risk-based capital
  • $8,852Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,487Restructured Loans and leases
  • $277Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,265Total interest income
  • $1,790Total interest expense
  • $6,475Net interest income
  • $8,688Provision for loan and lease losses
  • -$514Total noninterest income
  • $0Fiduciary activities
  • $349Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$863Additional noninterest income
  • $5,065Total noninterest expense
  • $2,440Salaries and employee benefits
  • $467Premises and equipment expense
  • $2,158Additional noninterest expense
  • -$7,792Pre-tax net operating income
  • $176Securities gains (losses)
  • -$3,083Applicable income taxes
  • -$4,533Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,533Net income attributable to bank
  • $0Net charge-offs
  • -$4,533Cash dividends
  • $3,967Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.36%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.20%Net interest margin
  • -0.33%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • -2.77%Net operating income to assets
  • -2.70%Return on assets (ROA)
  • -4.53%Pretax return on assets
  • -30.50%Return on equity (ROE)
  • -30.50%Retained earnings to average equity (YTD only)
  • 3.43%Net charge-offs to loans
  • 219.01%Credit loss provision to net charge-offs
  • 0.23%Efficiency ratio
  • 84,969Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.14%Loss allowance to noncurrent loans
  • 89.84%Noncurrent assets plus other real estate owned to assets
  • 5.24%Noncurrent loans to loans
  • 6.84%Net loans and leases to deposits
  • 71.52%Net loans and leases to core deposits
  • 73.78%Equity capital to assets
  • 8.23%Core capital (leverage) ratio
  • 5.57%Tier 1 risk-based capital ratio
  • 9.05%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $167,944Average earning assets
  • $14,863Average equity
  • $154,179Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    036055First National Bank Of Pasco13315 Ushwy 301 South, Dade City, FL 33525November 03, 1986Full Service Brick and Mortar
    2260258Zephyrhills Branch4518 Gall Boulevard, Zephyrhills, FL 33541December 16, 1986Full Service Brick and Mortar
    326025954 West Branch37215 State Road 54 West, Zephyrhills, FL 33541January 04, 1999Full Service Brick and Mortar

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