Jacksonville Federal Savings Association in Jacksonville, Florida (FL)



Show street view No street view available for this location
Table of contents:
Jacksonville Federal Savings Association
GeneralFDIC 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
LocationAddress: 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 ChangesPass Through Receivership Merger
Conservatorship Institution Resolved
Financial SummaryTotal 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)
Total employees (full-time equivalent)0
Total assets$31
Cash and due from depository institutions$58,866
Interest-bearing balances$2,777
Securities$2,554
Federal funds sold & reverse repurchase agreements$31,475
Net loans & leases$0
Loan loss allowance $14,343
Trading account assets$9,781
Bank premises and fixed assets$0
Other real estate owned$1,851
Goodwill and other intangibles$2,401
All other assets$0
Life insurance assets$6,019
Total liabilities and capital$0
Total liabilities$58,866
Total deposits$79,822
Interest-bearing deposits$78,943
Deposits held in domestic offices$78,943
% insured (estimated)78943.00%
Federal funds purchased & repurchase agreements $97
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$879
Total bank equity capital$879
Perpetual preferred stock$-20,956
Common stock$0
Surplus$0
Undivided profits $0
Memoranda
Noncurrent loans and leases $-20,956
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $18,730
Earning assets $37
Long-term assets (5+ years) $48,372
Average Assets, year-to-date $0
Average Assets, quarterly $70,269
Volatile liabilities $61,160
Insider loans $4,728
FHLB advances $0
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $-20,956
Total unused commitments $28,782
Restructured Loans and leases $0
Derivatives$0
Back to page top, Back to table top

Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $2,195
Net interest income $3,729
Provision for loan and lease losses -$1,534
Total noninterest income $2,068
Fiduciary activities -$1,055
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense -$1,055
Salaries and employee benefits $4,236
Premises and equipment expense $1,550
Additional noninterest expense $477
Pre-tax net operating income $2,209
Securities gains (losses) -$8,893
Applicable income taxes -$876
Income before extraordinary items $0
Extraordinary gains - net -$9,769
Net income attributable to bank $104
Net charge-offs -$9,665
Cash dividends $4,002
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 3.70%
Net interest margin 6.28%
Noninterest income to earning assets -2.58%
Noninterest expense to earning assets -1.78%
Net operating income to assets 7.14%
Return on assets (ROA) -12.66%
Pretax return on assets -13.75%
Return on equity (ROE) -13.75%
Retained earnings to average equity (YTD only) 57.94%
Net charge-offs to loans 57.94%
Credit loss provision to net charge-offs 11.82%
Efficiency ratio51.67%
Assets per employee-$163,615
Cash dividends to net income (YTD only)1.90%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 40.54%
Noncurrent assets plus other real estate owned to assets 52.22%
Noncurrent loans to loans 35.90%
Net loans and leases to deposits77.64%
Net loans and leases to core deposits 18.17%
Equity capital to assets 19.33%
Core capital (leverage) ratio -35.60%
Tier 1 risk-based capital ratio -35.60%
Total risk-based capital ratio -72.81%
Memoranda
Average assets-$73
Average earning assets$70,269
Average equity -$16,681
Average loans $59,348
Back to page top, Back to table top

User Contributions:

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

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Jacksonville Federal Savings Association.
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.