First Florida Bank
Naples, FL — Domestic Branch of a Domestic Bank
Acquired Apr 2008
Vitals
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Total Assets399.9M -9.2 %
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Total Deposits308.9M -8.6 %
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Total Net Loans274.9M -20.0 %
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Net Income
-
Book Value88.8M -11.8 %
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Book Value x2177.6M -11.8 %
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Book Value x3266.4M -11.8 %
Balance Sheet Highlights
Financial Highlights | First Florida Bank | All Insured Commercial Banks in Florida |
Balance Sheet $(000) | ||
Total Assets | 399,921 | 270,124 |
Total Net Loans | 274,874 | 196,029 |
Total Deposits | 308,924 | 210,720 |
Total Equity | 88,797 | 29,972 |
Profitability | ||
Net Income | — | 1,113 |
Return on Average Assets | — | .807 |
Return on Average Equity | — | 8.101 |
Net Interest Margin | 1.387 | 3.6 |
Efficiency Ratio | 399.574 | 96.573 |
Noninterest Income/Revenue | 8.672 | |
Balance Sheet Ratios | ||
Loan-to-Deposit | 88.978 | 91.161 |
Securities/Assets | .008 | .31 |
Total Equity/Total Assets | .222 | .111 |
Tangible Equity/Tangible Assets | .082 | -.028 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 33,235 | 26,553 |
Tier 2 Capital | 4,138 | 2,661 |
Total Capital | 37,373 | 29,255 |
Total Risk Weighted Assets | 324,104 | 213,147 |
Leverage Ratio | 9.46 | 12.894 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 10.25 | 16.849 |
Total Capital Ratio | 11.53 | 18.021 |
Timeline for First Florida Bank
Synovus Financial Corp.
Synovus Financial Corp. became a new parent organization for First Florida Bank.
View Profile Apr 01 2006First Florida Bank
First Florida Bank was established 24 years ago and is currently headquartered in Naples, FL.
Aug 30 1999Banking Corporation Of Florida
Banking Corporation Of Florida became a new parent organization for First Florida Bank.
View Profile Aug 30 1999Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Synovus Bank | Buyer | 1,334,461 | Pooling of Interests | Discontinued | 4/26/2008 |
Relationships | Role | Relationship Start | Relationship End |
Synovus Financial Corp. | Parent | 4/1/2006 | 4/25/2008 |
Banking Corporation Of Florida | Parent | 8/30/1999 | 3/31/2006 |
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