FDIC Certificate #: 34284 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Jacksonville Bank (#34941) Federal Reserve ID: 2594400 Date Established: July 21, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 57043 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 21, 1997 Last Structure Change Effective Date: November 17, 2010 Last Structure Change Process Date: November 30, 2010 Last Data Update: November 30, 2010 Data Source Date: April 05, 2012
Location
Address: 1315 South Third Street, Jacksonville Beach, FL 32250 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)
Financial Summary
Total assets: $257.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
45Total employees (full-time equivalent)
$297,488Total assets
$31,083Cash and due from depository institutions
$27,535Interest-bearing balances
$57,531Securities
$0Federal funds sold & reverse repurchase agreements
$194,409Net loans & leases
$6,531Loan loss allowance
$0Trading account assets
$3,344Bank premises and fixed assets
$1,727Other real estate owned
$0Goodwill and other intangibles
$5,097Life insurance assets
$9,394All other assets
$297,488Total liabilities and capital
$284,691Total liabilities
$269,985Total deposits
$234,575Interest-bearing deposits
$269,985Deposits held in domestic offices
87.88%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,300Other borrowed funds
$0Subordinated debt
$2,406All other liabilities
$12,797Total equity capital
$12,797Total bank equity capital
$12,797Perpetual preferred stock
$0Common stock
$2,974Surplus
$7,983Undivided profits
Memoranda
$1,840Noncurrent loans and leases
$9,364Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,723Earning assets
$0Long-term assets (5+ years)
$1,089Average Assets, year-to-date
$279,475Average Assets, quarterly
$66,834Volatile liabilities
$294,228Insider loans
$311,704FHLB advances
$46,665Loans and leases held for sale
$7,899Unused loan commitments
$12,300Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,364Total unused commitments
$17,372Restructured Loans and leases
$2,551Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$13,892Total interest income
$6,617Total interest expense
$7,275Net interest income
$6,268Provision for loan and lease losses
$169Total noninterest income
$0Fiduciary activities
$651Service charges on deposit accounts
$0Trading account gains & fees
-$482Additional noninterest income
$7,602Total noninterest expense
$2,846Salaries and employee benefits
$1,143Premises and equipment expense
$3,613Additional noninterest expense
-$6,426Pre-tax net operating income
$56Securities gains (losses)
$525Applicable income taxes
-$6,895Income before extraordinary items
$0Extraordinary gains - net
-$6,895Net income attributable to bank
$0Net charge-offs
-$6,895Cash dividends
$3,736Sale, conversion, retirement of capital stock, net
$195Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.15%Yield on earning assets
2.45%Cost of funding earning assets
2.70%Net interest margin
0.06%Noninterest income to earning assets
2.82%Noninterest expense to earning assets
-2.36%Net operating income to assets
-2.34%Return on assets (ROA)
-2.16%Pretax return on assets
-38.34%Return on equity (ROE)
-39.43%Retained earnings to average equity (YTD only)
1.82%Net charge-offs to loans
167.77%Credit loss provision to net charge-offs
-0.04%Efficiency ratio
102,123Assets per employee
6.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
-2.83%Loss allowance to loans
3.25%Loss allowance to noncurrent loans
97.14%Noncurrent assets plus other real estate owned to assets
2.84%Noncurrent loans to loans
3.35%Net loans and leases to deposits
72.01%Net loans and leases to core deposits
87.05%Equity capital to assets
4.30%Core capital (leverage) ratio
4.06%Tier 1 risk-based capital ratio
6.40%Total risk-based capital ratio
Memoranda
$8Average assets
$294,228Average earning assets
$17,983Average equity
$269,871Average loans
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