FloridaFirst Bank in Lakeland, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 14, 2004

  • FloridaFirst Bank in Lakeland, Florida (FL)
  • Show street view No street view available for this location

FloridaFirst Bank - Overview

  • General
  • FDIC Certificate #: 28838
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank (#849)
    Federal Reserve ID: 458870
    Date Established: March 01, 1934
    WWW: http://www.floridafirstbank.com
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2461
    FDIC's unique #: 41672
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: November 01, 1934
    Last Structure Change Effective Date: May 14, 2004
    Last Structure Change Process Date: August 12, 2004
    Last Data Update: August 12, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 205 East Orange Street, Lakeland, FL 33802
    County: Polk
    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): Lakeland-Winter Haven, FL (#3980)
    Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460)
    CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
  • Financial Summary
  • Total assets: $782.1 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, 2003)

  • Dollar figures in thousands
  • 237Total employees (full-time equivalent)
  • $819,194Total assets
  • $19,352Cash and due from depository institutions
  • $148Interest-bearing balances
  • $238,427Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $506,003Net loans & leases
  • $4,483Loan loss allowance
  • $0Trading account assets
  • $13,312Bank premises and fixed assets
  • $1,138Other real estate owned
  • $10,000Goodwill and other intangibles
  • $0Life insurance assets
  • $30,962All other assets
  • $819,194Total liabilities and capital
  • $734,055Total liabilities
  • $552,798Total deposits
  • $518,067Interest-bearing deposits
  • $552,798Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $14,334Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $160,394Other borrowed funds
  • $0Subordinated debt
  • $6,529All other liabilities
  • $85,139Total equity capital
  • $85,139Total bank equity capital
  • $85,139Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $29,651Undivided profits
  • Memoranda
  • $55,478Noncurrent loans and leases
  • $59,432Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $635Earning assets
  • $0Long-term assets (5+ years)
  • $3,011Average Assets, year-to-date
  • $744,578Average Assets, quarterly
  • $0Volatile liabilities
  • $827,520Insider loans
  • $818,452FHLB advances
  • $332,328Loans and leases held for sale
  • $236Unused loan commitments
  • $138,915Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $59,432Total unused commitments
  • $0Restructured Loans and leases
  • $4,483Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $43,275Total interest income
  • $20,003Total interest expense
  • $23,272Net interest income
  • $600Provision for loan and lease losses
  • $6,495Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,495Additional noninterest income
  • $23,138Total noninterest expense
  • $12,756Salaries and employee benefits
  • $4,629Premises and equipment expense
  • $5,753Additional noninterest expense
  • $6,029Pre-tax net operating income
  • $2,265Securities gains (losses)
  • $2,553Applicable income taxes
  • $5,741Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,741Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $592Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.75%Yield on earning assets
  • 2.66%Cost of funding earning assets
  • 3.09%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 3.07%Noninterest expense to earning assets
  • 0.50%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 6.94%Return on equity (ROE)
  • 6.94%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 101.35%Credit loss provision to net charge-offs
  • 11.20%Efficiency ratio
  • 72,453Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 705.98%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 91.53%Net loans and leases to core deposits
  • 128.04%Equity capital to assets
  • 10.39%Core capital (leverage) ratio
  • 9.18%Tier 1 risk-based capital ratio
  • 13.99%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $827,520Average earning assets
  • $82,674Average equity
  • $753,018Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with FloridaFirst Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents