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)
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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

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