Peoples First Community Bank in Panama City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 18, 2009

  • Peoples First Community Bank in Panama City, Florida (FL)
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Peoples First Community Bank - Overview

  • General
  • FDIC Certificate #: 32167
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Hancock Bank (#12441)
    Federal Reserve ID: 744470
    Date Established: July 21, 1983
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7939
    FDIC's unique #: 45001
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 21, 1983
    Last Structure Change Effective Date: December 18, 2009
    Last Structure Change Process Date: December 22, 2009
    Last Data Update: December 22, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2305 Hwy 77, Panama City, FL 32405
    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: $1,795.4 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, 2008)

  • Dollar figures in thousands
  • 437Total employees (full-time equivalent)
  • $1,890,369Total assets
  • $107,194Cash and due from depository institutions
  • $77,401Interest-bearing balances
  • $40,300Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,538,211Net loans & leases
  • $21,687Loan loss allowance
  • $0Trading account assets
  • $77,684Bank premises and fixed assets
  • $79,626Other real estate owned
  • $839Goodwill and other intangibles
  • $0Life insurance assets
  • $46,515All other assets
  • $1,890,369Total liabilities and capital
  • $1,737,052Total liabilities
  • $1,606,095Total deposits
  • $1,485,817Interest-bearing deposits
  • $1,606,095Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $129,000Other borrowed funds
  • $0Subordinated debt
  • $1,957All other liabilities
  • $153,317Total equity capital
  • $153,317Total bank equity capital
  • $153,317Perpetual preferred stock
  • $5,000Common stock
  • $451Surplus
  • $29,371Undivided profits
  • Memoranda
  • $118,495Noncurrent loans and leases
  • $177,258Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $167,988Earning assets
  • $0Long-term assets (5+ years)
  • $8,091Average Assets, year-to-date
  • $1,655,912Average Assets, quarterly
  • $0Volatile liabilities
  • $1,836,606Insider loans
  • $1,865,540FHLB advances
  • $633,939Loans and leases held for sale
  • $18,011Unused loan commitments
  • $129,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $177,258Total unused commitments
  • $87,109Restructured Loans and leases
  • $19,723Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $105,119Total interest income
  • $53,555Total interest expense
  • $51,564Net interest income
  • $48,871Provision for loan and lease losses
  • $5,884Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,884Additional noninterest income
  • $49,125Total noninterest expense
  • $26,003Salaries and employee benefits
  • $10,047Premises and equipment expense
  • $13,075Additional noninterest expense
  • -$40,548Pre-tax net operating income
  • $3,093Securities gains (losses)
  • -$14,888Applicable income taxes
  • -$22,567Income before extraordinary items
  • $0Extraordinary gains - net
  • -$22,567Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $39,375Sale, conversion, retirement of capital stock, net
  • $2,580Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.44%Yield on earning assets
  • 3.28%Cost of funding earning assets
  • 3.16%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • -1.34%Net operating income to assets
  • -1.23%Return on assets (ROA)
  • -2.04%Pretax return on assets
  • -14.19%Return on equity (ROE)
  • -15.82%Retained earnings to average equity (YTD only)
  • 2.46%Net charge-offs to loans
  • 124.12%Credit loss provision to net charge-offs
  • 0.21%Efficiency ratio
  • 85,512Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -11.43%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 12.91%Noncurrent assets plus other real estate owned to assets
  • 13.01%Noncurrent loans to loans
  • 10.77%Net loans and leases to deposits
  • 95.77%Net loans and leases to core deposits
  • 139.69%Equity capital to assets
  • 8.11%Core capital (leverage) ratio
  • 8.12%Tier 1 risk-based capital ratio
  • 9.75%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,836,606Average earning assets
  • $158,980Average equity
  • $1,632,322Average loans

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