First Navy Bank in Pensacola, Florida (FL)



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First Navy Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Primary Regulatory Agency
Change in Supervisory Agency
Institution Withdraws from FRS (Federal Reserve System)
Financial SummaryTotal 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)
Total employees (full-time equivalent)19
Total assets$64,226
Cash and due from depository institutions$9,035
Interest-bearing balances$5,055
Securities$49,518
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$3,369
Loan loss allowance $130
Trading account assets$0
Bank premises and fixed assets$1,619
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$685
Life insurance assets$64,226
Total liabilities and capital$51,640
Total liabilities$51,548
Total deposits$34,553
Interest-bearing deposits$51,548
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $92
All other liabilities $12,586
Total equity capital$12,586
Total bank equity capital$12,586
Perpetual preferred stock$0
Common stock$350
Surplus$1,350
Undivided profits $10,886
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2
Earning assets $0
Long-term assets (5+ years) $11
Average Assets, year-to-date $57,942
Average Assets, quarterly $7,787
Volatile liabilities $63,705
Insider loans $64,623
FHLB advances $7,573
Loans and leases held for sale $62,344
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $12,586
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,310
Derivatives$23
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,155
Total interest expense $94
Net interest income $1,061
Provision for loan and lease losses $0
Total noninterest income $659
Fiduciary activities $0
Service charges on deposit accounts $141
Trading account gains & fees $0
Additional noninterest income $518
Total noninterest expense $2,113
Salaries and employee benefits $1,082
Premises and equipment expense $288
Additional noninterest expense $743
Pre-tax net operating income -$393
Securities gains (losses) $0
Applicable income taxes -$148
Income before extraordinary items -$245
Extraordinary gains - net $0
Net income attributable to bank -$245
Net charge-offs $0
Cash dividends -$245
Sale, conversion, retirement of capital stock, net -$5
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.04%
Cost of funding earning assets 0.17%
Net interest margin 1.88%
Noninterest income to earning assets 1.17%
Noninterest expense to earning assets 3.74%
Net operating income to assets -0.38%
Return on assets (ROA) -0.38%
Pretax return on assets -0.62%
Return on equity (ROE) -1.93%
Retained earnings to average equity (YTD only) -1.93%
Net charge-offs to loans -0.13%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$122,849
Cash dividends to net income (YTD only)3.38%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.72%
Noncurrent assets plus other real estate owned to assets 6500.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.06%
Net loans and leases to core deposits 6.54%
Equity capital to assets 6.64%
Core capital (leverage) ratio 19.60%
Tier 1 risk-based capital ratio 20.19%
Total risk-based capital ratio 166.20%
Memoranda
Average assets$167
Average earning assets$63,705
Average equity $12,675
Average loans $56,512
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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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