Society First Federal Savings Bank in Fort Myers, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1996

  • Society First Federal Savings Bank in Fort Myers, Florida (FL)
  • Show street view No street view available for this location

Society First Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29125
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Union National Bank of Florida (#24398)
    Federal Reserve ID: 632474
    Date Established: September 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2951
    FDIC's unique #: 41959
    Numeric code: 33
    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: November 12, 1934
    Last Structure Change Effective Date: June 01, 1996
    Last Structure Change Process Date: June 06, 1996
    Last Data Update: June 06, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 2201 Second Street, Fort Myers, FL 33901
    County: Lee
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Myers-Cape Coral, FL (#2700)
    Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980)
    CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
  • Financial Summary
  • Total assets: $1,295.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $338Total assets
  • $1,333,480Cash and due from depository institutions
  • $64,218Interest-bearing balances
  • $24,736Securities
  • $5,021Federal funds sold & reverse repurchase agreements
  • $155,759Net loans & leases
  • $1,024,972Loan loss allowance
  • $2,476Trading account assets
  • $0Bank premises and fixed assets
  • $23,225Other real estate owned
  • $524Goodwill and other intangibles
  • $20,892Life insurance assets
  • $38,869All other assets
  • $0Total liabilities and capital
  • $1,333,480Total liabilities
  • $1,186,135Total deposits
  • $1,087,423Interest-bearing deposits
  • $1,051,752Deposits held in domestic offices
  • 1087423.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $77,001Subordinated debt
  • $0All other liabilities
  • $21,711Total equity capital
  • $21,711Total bank equity capital
  • $147,345Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $143,973Undivided profits
  • Memoranda
  • $3,371Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,907Income earned, not collected on loans
  • $5,934Earning assets
  • $1,210,488Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $1,419,298Average Assets, quarterly
  • $1,401,237Volatile liabilities
  • $168,500Insider loans
  • $358FHLB advances
  • $77,001Loans and leases held for sale
  • $0Unused loan commitments
  • $21,866Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $108,471Total risk weighted assets
  • $718,771Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $98,415Total interest expense
  • $55,978Net interest income
  • $42,437Provision for loan and lease losses
  • $1,975Total noninterest income
  • $7,115Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $7,115Total noninterest expense
  • $31,265Salaries and employee benefits
  • $10,469Premises and equipment expense
  • $4,703Additional noninterest expense
  • $16,093Pre-tax net operating income
  • $16,312Securities gains (losses)
  • -$270Applicable income taxes
  • $6,785Income before extraordinary items
  • $9,257Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,257Net charge-offs
  • $1,514Cash dividends
  • $26,014Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.56%Cost of funding earning assets
  • 4.30%Net interest margin
  • 3.26%Noninterest income to earning assets
  • 0.55%Noninterest expense to earning assets
  • 2.40%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 1.13%Return on equity (ROE)
  • 5.66%Retained earnings to average equity (YTD only)
  • -10.25%Net charge-offs to loans
  • 0.15%Credit loss provision to net charge-offs
  • 130.45%Efficiency ratio
  • 59,527Assets per employee
  • 3.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 281.02%Loss allowance to loans
  • 0.24%Loss allowance to noncurrent loans
  • 85.17%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 94.26%Net loans and leases to core deposits
  • 102.92%Equity capital to assets
  • 11.05%Core capital (leverage) ratio
  • 8.38%Tier 1 risk-based capital ratio
  • 15.09%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,419,298Average earning assets
  • $163,458Average equity
  • $1,301,612Average loans

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 Society First Federal Savings 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