The Jacksonville Bank in Jacksonville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Jacksonville Bank - Overview

  • General
  • FDIC Certificate #: 34941
    Status: Active
    Federal Reserve ID: 2737775
    Bank Holding Company (Regulatory Top Holder): Capgen Capital Group Iv Lp (RSSDID: 4131667, Location: New York, NY)
    Date Established: May 28, 1999
    WWW: http://www.jaxbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 62115
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 28, 1999
    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: 100 North Laura Street, Jacksonville, FL 32202
    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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $580.7 mil
    Equity capital: $68.1 mil
    Deposits held in domestic offices: $474.7 mil
    Return on assets (ROA): 0.55% ($3.2 mil)
    Quarterly return on assets: -0.23% (-$1.3 mil)
    Return on Equity (ROE): 5.07% ($3.4 mil)
    Quarterly return on equity: -1.96% (-$1.3 mil)
    Net income: $3.3 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: 0.18% ($1,045.2 mil)
    Quarterly Pretax return on assets: -0.94% (-$5,458.5 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, 2011)

  • Dollar figures in thousands
  • 99Total employees (full-time equivalent)
  • $580,688Total assets
  • $8,838Cash and due from depository institutions
  • $2,484Interest-bearing balances
  • $63,140Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $453,996Net loans & leases
  • $14,749Loan loss allowance
  • $0Trading account assets
  • $6,978Bank premises and fixed assets
  • $8,888Other real estate owned
  • $11,614Goodwill and other intangibles
  • $580,688Life insurance assets
  • $27,234All other assets
  • $512,588Total liabilities and capital
  • $474,673Total liabilities
  • $451,441Total deposits
  • $474,673Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $36,811Trading liabilities
  • $0Other borrowed funds
  • $1,104Subordinated debt
  • $68,100All other liabilities
  • $68,100Total equity capital
  • $68,100Total bank equity capital
  • $0Perpetual preferred stock
  • $3,425Common stock
  • $62,116Surplus
  • $2,559Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $53,043Income earned, not collected on loans
  • $0Earning assets
  • $2,597Long-term assets (5+ years)
  • $519,620Average Assets, year-to-date
  • $156,630Average Assets, quarterly
  • $611,637Volatile liabilities
  • $591,223Insider loans
  • $483,005FHLB advances
  • $566,880Loans and leases held for sale
  • $9,541Unused loan commitments
  • $160Tier 1 (core) risk-based capital
  • $44,990Tier 2 risk-based capital
  • $9,381Total risk weighted assets
  • $0Total unused commitments
  • $35,872Restructured Loans and leases
  • $5,040Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,727Total interest income
  • $5,950Total interest expense
  • $24,777Net interest income
  • $7,978Provision for loan and lease losses
  • $959Total noninterest income
  • $0Fiduciary activities
  • $796Service charges on deposit accounts
  • $0Trading account gains & fees
  • $163Additional noninterest income
  • $16,704Total noninterest expense
  • $7,472Salaries and employee benefits
  • $2,524Premises and equipment expense
  • $6,708Additional noninterest expense
  • $1,054Pre-tax net operating income
  • $57Securities gains (losses)
  • -$2,226Applicable income taxes
  • $3,337Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,337Net income attributable to bank
  • $0Net charge-offs
  • $3,337Cash dividends
  • $6,298Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.56%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 4.48%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.18%Pretax return on assets
  • 5.07%Return on equity (ROE)
  • 5.07%Retained earnings to average equity (YTD only)
  • 1.28%Net charge-offs to loans
  • 126.68%Credit loss provision to net charge-offs
  • 1.43%Efficiency ratio
  • 62,566Assets per employee
  • 5.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.15%Loss allowance to noncurrent loans
  • 27.81%Noncurrent assets plus other real estate owned to assets
  • 10.67%Noncurrent loans to loans
  • 11.32%Net loans and leases to deposits
  • 95.64%Net loans and leases to core deposits
  • 102.81%Equity capital to assets
  • 11.73%Core capital (leverage) ratio
  • 7.94%Tier 1 risk-based capital ratio
  • 9.31%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $611,637Average earning assets
  • $65,824Average equity
  • $552,644Average loans

List of branches

  • 9 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    062115The Jacksonville Bank100 North Laura Street, Jacksonville, FL 32202May 28, 1999Full Service Brick and Mortar
    1290857Intracoastal West12740-200 Atlantic Boulevard, Jacksonville, FL 32225May 28, 1999Full Service Brick and Mortar
    2294922Downtown Branch100 North Laura Street, Jacksonville, FL 32202January 04, 2000Full Service Brick and Mortar
    3448821Ortega Branch4343 Roosevelt Boulevard, Jacksonville, FL 32210Febuary 06, 2006Full Service Brick and Mortar
    5452355Gate Parkway Branch7880 Gate Parkway, Jacksonville, FL 32259June 09, 2006Full Service Brick and Mortar
    6510777Virtual BranchWww.Jaxbank.com, Jacksonville, FL 32202August 08, 2009Full Service Cyber
    757043Oceanside Bank Branch1315 South Third Street, Jacksonville Beach, FL 32250July 21, 1997Full Service Brick and Mortar
    8290514Neptune Beach Branch560 Atlantic Boulevard, Neptune Beach, FL 32266September 01, 1998Full Service Brick and Mortar
    9364391Beach Boulevard Branch13799 Beach Boulevard, Ste. 100, Jacksonville, FL 32224August 13, 2001Full Service Brick and Mortar

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