The Jacksonville Bank
Jacksonville, FL — Domestic Branch of a Domestic Bank
Acquired Mar 2016
Vitals
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Total Assets507.8M 4.1 %
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Total Deposits415.2M -0.4 %
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Total Net Loans398.4M 10.6 %
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Net Income7.5M 112.7 %
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Book Value59.1M 13.6 %
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Book Value x2118.2M 13.6 %
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Book Value x3177.3M 13.6 %
Balance Sheet Highlights
Financial Highlights | The Jacksonville Bank | All Insured Commercial Banks in Florida |
Balance Sheet $(000) | ||
Total Assets | 507,845 | 523,671 |
Total Net Loans | 398,425 | 346,477 |
Total Deposits | 415,191 | 431,974 |
Total Equity | 59,092 | 55,702 |
Profitability | ||
Net Income | 7,480 | 3,455 |
Return on Average Assets | 1.512 | .677 |
Return on Average Equity | 13.369 | 6.467 |
Net Interest Margin | 4.017 | 3.596 |
Efficiency Ratio | 70.771 | 77.577 |
Noninterest Income/Revenue | 5.212 | 14.469 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 95.962 | 78.37 |
Securities/Assets | .124 | .171 |
Total Equity/Total Assets | .116 | .106 |
Tangible Equity/Tangible Assets | .116 | .104 |
Capital Adequacy | ||
Tier 1 Common Capital | 59,418 | 50,409 |
Tier 1 Capital | 59,418 | 50,869 |
Tier 2 Capital | 5,302 | 3,318 |
Total Capital | 64,720 | 54,652 |
Total Risk Weighted Assets | 416,920 | 365,709 |
Leverage Ratio | 11.81 | 10.202 |
Common Equity Tier 1 Capital Ratio | 14.25 | 15.21 |
Tier 1 Capital Ratio | 14.25 | 15.3 |
Total Capital Ratio | 15.52 | 16.427 |
Timeline for The Jacksonville Bank
Oceanside Bank
Acquisition: The Jacksonville Bank acquired a new subsidiary, Oceanside Bank, 13 years
View Profile Nov 17 2010Fountain Financial, Inc.
Fountain Financial, Inc. became a new subsidiary organization for The Jacksonville Bank.
View Profile Oct 01 2000The Jacksonville Bank
The Jacksonville Bank was established 24 years ago and is currently headquartered in Jacksonville, FL.
May 28 1999Jacksonville Bancorp, Inc.
Jacksonville Bancorp, Inc. became a new parent organization for The Jacksonville Bank.
View Profile May 28 1999Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Ameris Bank | Buyer | 6,487,996 | Acquisition | Discontinued | 3/12/2016 |
Oceanside Bank | Seller | 257,383 | Acquisition | Discontinued | 11/17/2010 |
Relationships | Role | Relationship Start | Relationship End |
Jacksonville Bancorp, Inc. | Parent | 5/28/1999 | 3/11/2016 |
Fountain Financial, Inc. | Subsidary | 6/30/2007 | 3/11/2016 |
Fountain Financial, Inc. | Subsidary | 10/1/2000 | 6/29/2007 |
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