Jacksonville Federal Savings Association in Jacksonville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 08, 1994

  • Jacksonville Federal Savings Association in Jacksonville, Florida (FL)
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Jacksonville Federal Savings Association - Overview

  • General
  • FDIC Certificate #: 33622
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: First Union National Bank of Florida (#24398)
    Federal Reserve ID: 10773
    Date Established: June 26, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10033
    FDIC's unique #: 47676
    Numeric code: 38
    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: June 26, 1992
    Last Structure Change Effective Date: April 08, 1994
    Last Structure Change Process Date: April 18, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 2107 Hendricks Avenue, Jacksonville, FL 32207
    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
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $52.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $31Total assets
  • $58,866Cash and due from depository institutions
  • $2,777Interest-bearing balances
  • $2,554Securities
  • $31,475Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $14,343Loan loss allowance
  • $9,781Trading account assets
  • $0Bank premises and fixed assets
  • $1,851Other real estate owned
  • $2,401Goodwill and other intangibles
  • $6,019Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $58,866Total liabilities
  • $79,822Total deposits
  • $78,943Interest-bearing deposits
  • $78,943Deposits held in domestic offices
  • 78943.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $879Total equity capital
  • $879Total bank equity capital
  • $-20,956Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-20,956Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18,730Income earned, not collected on loans
  • $37Earning assets
  • $48,372Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $70,269Average Assets, quarterly
  • $61,160Volatile liabilities
  • $4,728Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-20,956Total risk weighted assets
  • $28,782Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,195Total interest expense
  • $3,729Net interest income
  • -$1,534Provision for loan and lease losses
  • $2,068Total noninterest income
  • -$1,055Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • -$1,055Total noninterest expense
  • $4,236Salaries and employee benefits
  • $1,550Premises and equipment expense
  • $477Additional noninterest expense
  • $2,209Pre-tax net operating income
  • -$8,893Securities gains (losses)
  • -$876Applicable income taxes
  • $0Income before extraordinary items
  • -$9,769Extraordinary gains - net
  • $104Net income attributable to bank
  • -$9,665Net charge-offs
  • $4,002Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 3.70%Cost of funding earning assets
  • 6.28%Net interest margin
  • -2.58%Noninterest income to earning assets
  • -1.78%Noninterest expense to earning assets
  • 7.14%Net operating income to assets
  • -12.66%Return on assets (ROA)
  • -13.75%Pretax return on assets
  • -13.75%Return on equity (ROE)
  • 57.94%Retained earnings to average equity (YTD only)
  • 57.94%Net charge-offs to loans
  • 11.82%Credit loss provision to net charge-offs
  • 51.67%Efficiency ratio
  • -163,615Assets per employee
  • 1.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 40.54%Loss allowance to noncurrent loans
  • 52.22%Noncurrent assets plus other real estate owned to assets
  • 35.90%Noncurrent loans to loans
  • 77.64%Net loans and leases to deposits
  • 18.17%Net loans and leases to core deposits
  • 19.33%Equity capital to assets
  • -35.60%Core capital (leverage) ratio
  • -35.60%Tier 1 risk-based capital ratio
  • -72.81%Total risk-based capital ratio
  • Memoranda
  • -$73Average assets
  • $70,269Average earning assets
  • -$16,681Average equity
  • $59,348Average loans

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