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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