FirstAtlantic Bank in Jacksonville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • FirstAtlantic Bank in Jacksonville, Florida (FL)
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FirstAtlantic Bank - Overview

  • General
  • FDIC Certificate #: 35200
    Status: Active
    Federal Reserve ID: 3619739
    Date Established: November 01, 1999
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 16115
    FDIC's unique #: 76166
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Commercial Lending Specialization
    Date of Deposit Insurance: November 01, 1999
    Last Structure Change Effective Date: December 17, 2011
    Last Structure Change Process Date: January 04, 2012
    Last Data Update: January 04, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 4500 Salisbury Road, Suite 490, Jacksonville, FL 32216
    County: Duval
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $336.9 mil
    Equity capital: $40.9 mil
    Deposits held in domestic offices: $283.1 mil
    Return on assets (ROA): 0.21% ($0.7 mil)
    Quarterly return on assets: 0.17% ($0.6 mil)
    Return on Equity (ROE): 1.24% ($0.5 mil)
    Quarterly return on equity: 1.14% ($0.5 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.37% ($1,246.5 mil)
    Quarterly Pretax return on assets: 0.37% ($1,246.5 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
  • 65Total employees (full-time equivalent)
  • $336,889Total assets
  • $28,808Cash and due from depository institutions
  • $24,443Interest-bearing balances
  • $77,663Securities
  • $3,385Federal funds sold & reverse repurchase agreements
  • $210,297Net loans & leases
  • $2,016Loan loss allowance
  • $0Trading account assets
  • $8,654Bank premises and fixed assets
  • $684Other real estate owned
  • $2,945Goodwill and other intangibles
  • $336,889Life insurance assets
  • $4,453All other assets
  • $295,964Total liabilities and capital
  • $283,099Total liabilities
  • $241,947Total deposits
  • $283,099Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,800Trading liabilities
  • $0Other borrowed funds
  • $1,065Subordinated debt
  • $40,925All other liabilities
  • $40,925Total equity capital
  • $40,925Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $43,410Surplus
  • $-2,985Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,922Income earned, not collected on loans
  • $72Earning assets
  • $1,150Long-term assets (5+ years)
  • $315,788Average Assets, year-to-date
  • $69,279Average Assets, quarterly
  • $234,922Volatile liabilities
  • $274,432Insider loans
  • $216,014FHLB advances
  • $232,018Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $37,367Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,226Restructured Loans and leases
  • $380Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,810Total interest income
  • $2,602Total interest expense
  • $6,208Net interest income
  • $1,090Provision for loan and lease losses
  • $1,520Total noninterest income
  • $0Fiduciary activities
  • $97Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,423Additional noninterest income
  • $6,507Total noninterest expense
  • $3,668Salaries and employee benefits
  • $816Premises and equipment expense
  • $2,023Additional noninterest expense
  • $131Pre-tax net operating income
  • $738Securities gains (losses)
  • $366Applicable income taxes
  • $503Income before extraordinary items
  • $0Extraordinary gains - net
  • $503Net income attributable to bank
  • $0Net charge-offs
  • $503Cash dividends
  • $1,337Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.98%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 2.80%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 0.01%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.37%Pretax return on assets
  • 1.24%Return on equity (ROE)
  • 1.24%Retained earnings to average equity (YTD only)
  • 1.00%Net charge-offs to loans
  • 81.53%Credit loss provision to net charge-offs
  • 0.91%Efficiency ratio
  • 84,110Assets per employee
  • 5.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 29.12%Noncurrent assets plus other real estate owned to assets
  • 2.26%Noncurrent loans to loans
  • 3.26%Net loans and leases to deposits
  • 74.28%Net loans and leases to core deposits
  • 84.42%Equity capital to assets
  • 12.15%Core capital (leverage) ratio
  • 16.11%Tier 1 risk-based capital ratio
  • 17.30%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $234,922Average earning assets
  • $40,448Average equity
  • $221,499Average loans

List of branches

  • 6 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    076166Firstatlantic Bank4500 Salisbury Road, Suite 490, Jacksonville, FL 32216November 01, 1999Full Service Brick and Mortar
    2483137Normandy Branch5665 Normandy Blvd, Jacksonville, FL 32205April 24, 2008Full Service Brick and Mortar
    3492567St Augustine Branch7458 Us 1 North, Suite 101, Saint Augustine, FL 32095Febuary 07, 2008Full Service Brick and Mortar
    4518290Cobblestone Village Branch105 Cbl Drive, Saint Augustine, FL 32086December 01, 2008Full Service Brick and Mortar
    5477428Orange Park Branch1440 Kingsley Avenue, Orange Park, FL 32073June 10, 2008Full Service Brick and Mortar
    681651Jacksonville Branch1325 Hendricks Avenue, Jacksonville, FL 32207August 09, 2001Full Service Brick and Mortar

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