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

First National Bank of Wauchula - Overview

  • General
  • FDIC Certificate #: 18136
    Status: Active
    Federal Reserve ID: 89135
    Bank Holding Company (Regulatory Top Holder): First Hardee Holding Corporation (RSSDID: 2376558, Location: Wauchula, FL)
    Date Established: January 12, 1960
    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: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 12652
    FDIC's unique #: 12057
    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: January 12, 1960
    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: 406 North Sixth Avenue, Wauchula, FL 33873
    County: Hardee
    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
    Core Based Statistical Area (CBSA): Wauchula, FL (#48100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $73.2 mil
    Equity capital: $8.6 mil
    Deposits held in domestic offices: $62.7 mil
    Return on assets (ROA): -0.45% (-$0.3 mil)
    Quarterly return on assets: -1.28% (-$0.9 mil)
    Return on Equity (ROE): -4.03% (-$0.4 mil)
    Quarterly return on equity: -11.38% (-$1.0 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -0.45% (-$329.5 mil)
    Quarterly Pretax return on assets: -1.28% (-$937.3 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
  • 30Total employees (full-time equivalent)
  • $73,229Total assets
  • $3,409Cash and due from depository institutions
  • $299Interest-bearing balances
  • $13,240Securities
  • $1,707Federal funds sold & reverse repurchase agreements
  • $49,917Net loans & leases
  • $1,302Loan loss allowance
  • $0Trading account assets
  • $1,369Bank premises and fixed assets
  • $110Other real estate owned
  • $0Goodwill and other intangibles
  • $73,229Life insurance assets
  • $3,477All other assets
  • $64,596Total liabilities and capital
  • $62,652Total liabilities
  • $49,105Total deposits
  • $62,652Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,944Subordinated debt
  • $8,633All other liabilities
  • $8,633Total equity capital
  • $8,633Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $250Surplus
  • $8,133Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,607Income earned, not collected on loans
  • $0Earning assets
  • $368Long-term assets (5+ years)
  • $65,163Average Assets, year-to-date
  • $14,037Average Assets, quarterly
  • $80,416Volatile liabilities
  • $78,863Insider loans
  • $46,075FHLB advances
  • $77,614Loans and leases held for sale
  • $2,649Unused loan commitments
  • $2,649Tier 1 (core) risk-based capital
  • $8,937Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,075Restructured Loans and leases
  • $2,164Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,943Total interest income
  • $691Total interest expense
  • $3,252Net interest income
  • $844Provision for loan and lease losses
  • $203Total noninterest income
  • $0Fiduciary activities
  • $131Service charges on deposit accounts
  • $0Trading account gains & fees
  • $72Additional noninterest income
  • $3,065Total noninterest expense
  • $1,610Salaries and employee benefits
  • $345Premises and equipment expense
  • $1,110Additional noninterest expense
  • -$454Pre-tax net operating income
  • $94Securities gains (losses)
  • $0Applicable income taxes
  • -$360Income before extraordinary items
  • $0Extraordinary gains - net
  • -$360Net income attributable to bank
  • $0Net charge-offs
  • -$360Cash dividends
  • $364Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.49%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 4.53%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 4.27%Noninterest expense to earning assets
  • -0.56%Net operating income to assets
  • -0.45%Return on assets (ROA)
  • -0.45%Pretax return on assets
  • -4.03%Return on equity (ROE)
  • -4.03%Retained earnings to average equity (YTD only)
  • 0.70%Net charge-offs to loans
  • 231.87%Credit loss provision to net charge-offs
  • 1.07%Efficiency ratio
  • 88,712Assets per employee
  • 2.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 81.02%Noncurrent assets plus other real estate owned to assets
  • 2.34%Noncurrent loans to loans
  • 3.14%Net loans and leases to deposits
  • 79.67%Net loans and leases to core deposits
  • 91.66%Equity capital to assets
  • 11.79%Core capital (leverage) ratio
  • 11.51%Tier 1 risk-based capital ratio
  • 19.40%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $80,416Average earning assets
  • $8,933Average equity
  • $71,843Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012057First National Bank Of Wauchula406 North Sixth Avenue, Wauchula, FL 33873January 12, 1960Full Service Brick and Mortar

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