First Navy Bank in Pensacola, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Navy Bank - Overview

  • General
  • FDIC Certificate #: 21284
    Status: Active
    Federal Reserve ID: 581237
    Bank Holding Company (Regulatory Top Holder): Five Flags Banks, Inc. (RSSDID: 1129515, Location: Pensacola, FL)
    Date Established: October 26, 1973
    WWW: http://www.firstnavybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 14726
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: October 26, 1973
    Last Structure Change Effective Date: November 17, 2011
    Last Structure Change Process Date: November 29, 2011
    Last Data Update: November 29, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 180 Taylor Road, Pensacola, FL 32508
    County: Escambia
    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): Pensacola, FL (#6080)
    Core Based Statistical Area (CBSA): Pensacola-Ferry Pass-Brent, FL (#37860)
    CBSA Metro Statistical Area: Pensacola-Ferry Pass-Brent, FL (#37860)
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Withdraws from FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $64.2 mil
    Equity capital: $12.6 mil
    Deposits held in domestic offices: $51.5 mil
    Return on assets (ROA): -0.38% (-$0.2 mil)
    Quarterly return on assets: -0.18% (-$0.1 mil)
    Return on Equity (ROE): -1.93% (-$0.3 mil)
    Quarterly return on equity: -0.92% (-$0.1 mil)
    Net income: -$0.2 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.62% (-$398.2 mil)
    Quarterly Pretax return on assets: -0.29% (-$186.3 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
  • 19Total employees (full-time equivalent)
  • $64,226Total assets
  • $9,035Cash and due from depository institutions
  • $5,055Interest-bearing balances
  • $49,518Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $3,369Net loans & leases
  • $130Loan loss allowance
  • $0Trading account assets
  • $1,619Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $64,226Life insurance assets
  • $685All other assets
  • $51,640Total liabilities and capital
  • $51,548Total liabilities
  • $34,553Total deposits
  • $51,548Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $92Subordinated debt
  • $12,586All other liabilities
  • $12,586Total equity capital
  • $12,586Total bank equity capital
  • $0Perpetual preferred stock
  • $350Common stock
  • $1,350Surplus
  • $10,886Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2Income earned, not collected on loans
  • $0Earning assets
  • $11Long-term assets (5+ years)
  • $57,942Average Assets, year-to-date
  • $7,787Average Assets, quarterly
  • $63,705Volatile liabilities
  • $64,623Insider loans
  • $7,573FHLB advances
  • $62,344Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,586Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,310Restructured Loans and leases
  • $23Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,155Total interest income
  • $94Total interest expense
  • $1,061Net interest income
  • $0Provision for loan and lease losses
  • $659Total noninterest income
  • $0Fiduciary activities
  • $141Service charges on deposit accounts
  • $0Trading account gains & fees
  • $518Additional noninterest income
  • $2,113Total noninterest expense
  • $1,082Salaries and employee benefits
  • $288Premises and equipment expense
  • $743Additional noninterest expense
  • -$393Pre-tax net operating income
  • $0Securities gains (losses)
  • -$148Applicable income taxes
  • -$245Income before extraordinary items
  • $0Extraordinary gains - net
  • -$245Net income attributable to bank
  • $0Net charge-offs
  • -$245Cash dividends
  • -$5Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.04%Yield on earning assets
  • 0.17%Cost of funding earning assets
  • 1.88%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 3.74%Noninterest expense to earning assets
  • -0.38%Net operating income to assets
  • -0.38%Return on assets (ROA)
  • -0.62%Pretax return on assets
  • -1.93%Return on equity (ROE)
  • -1.93%Retained earnings to average equity (YTD only)
  • -0.13%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 122,849Assets per employee
  • 3.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.72%Loss allowance to noncurrent loans
  • 6500.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 6.54%Net loans and leases to core deposits
  • 6.64%Equity capital to assets
  • 19.60%Core capital (leverage) ratio
  • 20.19%Tier 1 risk-based capital ratio
  • 166.20%Total risk-based capital ratio
  • Memoranda
  • $167Average assets
  • $63,705Average earning assets
  • $12,675Average equity
  • $56,512Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014726First Navy Bank180 Taylor Road, Pensacola, FL 32508October 26, 1973Full Service Brick and Mortar
    2492685First Navy Bank Branch5560 Highway 98 West, Pensacola, FL 32507July 16, 2007Full Service Brick and Mortar

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