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- Banks in Florida (FL)
- Firstate Financial, F.A.
Firstate Financial, F.A. in Orlando, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of April 18, 1997
- Firstate Financial, F.A. in Orlando, Florida (FL)
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Firstate Financial, F.A. - Overview
- General
- FDIC Certificate #: 32038
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Republic Bank (#21350)
Federal Reserve ID: 395676
Date Established: August 27, 1980
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 7773
FDIC's unique #: 44872
Numeric code: 37
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: August 27, 1980
Last Structure Change Effective Date: April 18, 1997
Last Structure Change Process Date: May 05, 1997
Last Data Update: May 05, 1997
Data Source Date: April 05, 2012 - Location
- Address: 255 South Orange Avenue 12th Floor, Orlando, FL 32802
County: Orange
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): Orlando, FL (#5960)
Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740) - Financial Summary
- Total assets: $72.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1996)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $32Total assets
- $77,472Cash and due from depository institutions
- $5,307Interest-bearing balances
- $4,826Securities
- $29,571Federal funds sold & reverse repurchase agreements
- $0Net loans & leases
- $37,568Loan loss allowance
- $110Trading account assets
- $0Bank premises and fixed assets
- $692Other real estate owned
- $2,526Goodwill and other intangibles
- $1,709Life insurance assets
- $99All other assets
- $0Total liabilities and capital
- $77,472Total liabilities
- $74,422Total deposits
- $71,224Interest-bearing deposits
- $71,224Deposits held in domestic offices
- 71224.00%% insured (estimated)
- $98Federal funds purchased & repurchase agreements
- $3,000Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $0All other liabilities
- $198Total equity capital
- $198Total bank equity capital
- $3,050Perpetual preferred stock
- $0Common stock
- $1,500Surplus
- $12,852Undivided profits
- Memoranda
- $-11,302Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $186Income earned, not collected on loans
- $393Earning assets
- $71,965Long-term assets (5+ years)
- $0Average Assets, year-to-date
- $95,595Average Assets, quarterly
- $86,430Volatile liabilities
- $9,666Insider loans
- $8,000FHLB advances
- $0Loans and leases held for sale
- $0Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $3,151Total risk weighted assets
- $36,857Total unused commitments
- $0Restructured Loans and leases
- $0Derivatives
Income and Expense (December 31, 1996)
- Dollar figures in thousands
- $0Total interest income
- $5,503Total interest expense
- $4,015Net interest income
- $1,488Provision for loan and lease losses
- $566Total noninterest income
- $145Fiduciary activities
- $0Service charges on deposit accounts
- $0Trading account gains & fees
- $0Additional noninterest income
- $145Total noninterest expense
- $2,818Salaries and employee benefits
- $1,460Premises and equipment expense
- $567Additional noninterest expense
- $791Pre-tax net operating income
- -$1,751Securities gains (losses)
- $228Applicable income taxes
- $0Income before extraordinary items
- -$1,523Extraordinary gains - net
- $0Net income attributable to bank
- -$1,523Net charge-offs
- -$30Cash dividends
- $0Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 1996)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 0.00%Yield on earning assets
- 6.17%Cost of funding earning assets
- 4.50%Net interest margin
- 1.67%Noninterest income to earning assets
- 0.16%Noninterest expense to earning assets
- 3.16%Net operating income to assets
- -1.83%Return on assets (ROA)
- -1.59%Pretax return on assets
- -1.59%Return on equity (ROE)
- -40.19%Retained earnings to average equity (YTD only)
- -40.19%Net charge-offs to loans
- -0.09%Credit loss provision to net charge-offs
- -1886.67%Efficiency ratio
- 172,566Assets per employee
- 2.42%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 0.29%Loss allowance to noncurrent loans
- 59.14%Noncurrent assets plus other real estate owned to assets
- 3.50%Noncurrent loans to loans
- 0.49%Net loans and leases to deposits
- 52.75%Net loans and leases to core deposits
- 58.19%Equity capital to assets
- 3.94%Core capital (leverage) ratio
- 4.06%Tier 1 risk-based capital ratio
- 8.55%Total risk-based capital ratio
- Memoranda
- $9Average assets
- $95,595Average earning assets
- $3,790Average equity
- $89,219Average loans
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- Banks in Florida (FL)
- Firstate Financial, F.A.
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