Florida FirstBank in Panama City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 25, 1997

  • Florida FirstBank in Panama City, Florida (FL)
  • Show street view No street view available for this location

Florida FirstBank - Overview

  • General
  • FDIC Certificate #: 28968
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank of Florida (#18114)
    Federal Reserve ID: 683971
    Date Established: June 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2701
    FDIC's unique #: 41802
    Numeric code: 33
    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: October 31, 1934
    Last Structure Change Effective Date: July 25, 1997
    Last Structure Change Process Date: September 02, 1997
    Last Data Update: September 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 144 Harrison Avenue, Panama City, FL 32401
    County: Bay
    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): Panama City, FL (#6015)
    Core Based Statistical Area (CBSA): Panama City-Lynn Haven-Panama City Beach, FL (#37460)
    CBSA Metro Statistical Area: Panama City-Lynn Haven-Panama City Beach, FL (#37460)
  • Financial Summary
  • Total assets: $275.6 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)
  • $102Total assets
  • $287,721Cash and due from depository institutions
  • $35,409Interest-bearing balances
  • $29,822Securities
  • $72,662Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $168,327Loan loss allowance
  • $2,318Trading account assets
  • $0Bank premises and fixed assets
  • $2,200Other real estate owned
  • $0Goodwill and other intangibles
  • $8,781Life insurance assets
  • $342All other assets
  • $0Total liabilities and capital
  • $287,721Total liabilities
  • $267,294Total deposits
  • $245,296Interest-bearing deposits
  • $237,837Deposits held in domestic offices
  • 245296.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $19,921Subordinated debt
  • $0All other liabilities
  • $2,077Total equity capital
  • $2,077Total bank equity capital
  • $20,427Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $15,993Undivided profits
  • Memoranda
  • $4,434Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,993Income earned, not collected on loans
  • $1,394Earning assets
  • $270,811Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $299,016Average Assets, quarterly
  • $292,510Volatile liabilities
  • $44,276Insider loans
  • $2,232FHLB advances
  • $19,921Loans and leases held for sale
  • $0Unused loan commitments
  • $22,635Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $20,442Total risk weighted assets
  • $143,341Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $21,917Total interest expense
  • $12,551Net interest income
  • $9,366Provision for loan and lease losses
  • $0Total noninterest income
  • $2,183Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,183Total noninterest expense
  • $9,986Salaries and employee benefits
  • $3,982Premises and equipment expense
  • $1,630Additional noninterest expense
  • $4,374Pre-tax net operating income
  • $1,563Securities gains (losses)
  • $79Applicable income taxes
  • $618Income before extraordinary items
  • $1,024Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,024Net charge-offs
  • $185Cash dividends
  • $600Sale, 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
  • 7.80%Cost of funding earning assets
  • 4.46%Net interest margin
  • 3.33%Noninterest income to earning assets
  • 0.78%Noninterest expense to earning assets
  • 3.55%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.34%Pretax return on assets
  • 0.55%Return on equity (ROE)
  • 5.01%Retained earnings to average equity (YTD only)
  • 2.07%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 86,466Assets per employee
  • 2.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.59%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 66.58%Noncurrent assets plus other real estate owned to assets
  • 0.69%Noncurrent loans to loans
  • 1.17%Net loans and leases to deposits
  • 68.62%Net loans and leases to core deposits
  • 76.19%Equity capital to assets
  • 7.10%Core capital (leverage) ratio
  • 7.10%Tier 1 risk-based capital ratio
  • 14.26%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $299,016Average earning assets
  • $20,457Average equity
  • $281,112Average loans

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