The Graveyard › Banks › 2012

First Guaranty Bank and Trust Company of Jacksonville

Jacksonville, FL · failed January 27, 2012 · FDIC certificate 16579

First Guaranty Bank and Trust Company of Jacksonville of Jacksonville, FL failed on January 27, 2012. It opened on May 29, 1947, 64 years before. At its last report before that it held $397.1 million in assets and $378.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2007, it held $497.8 million. The FDIC estimates that the Deposit Insurance Fund lost $54.4 million on it.

1984-032011-12

Assets at the end$397.1 millionlast report before January 27, 2012

Deposits at the end$378.3 million

Estimated loss to the fund$54.4 millionDIF

Largest in the quarterly reports$497.8 millionDecember 31, 2007

Equity to assets0.6%December 31, 2011

Loans not being repaid35.3%noncurrent, December 31, 2011

Return on assets-2.47%a year's rate, December 31, 2011

Staff80full time, December 31, 2011

Take today's blind test

Also ended in 2012

Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
Citizens First National Bank · Princeton, IL · $924.0 million in assets
Fidelity Bank · Dearborn, MI · $818.2 million in assets
Waccamaw Bank · Whiteville, NC · $533.1 million in assets
The First State Bank · Stockbridge, GA · $516.8 million in assets
Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 million in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.