First Federal Bank of North Florida
Palatka, FL
$440M
total assets, March 31, 2010
$440M
total assets, March 31, 2010
First Federal Bank of North Florida was a savings bank in Palatka, FL. It failed on Apr 16, 2010, and TD Bank, National Association took over its deposits. At its last report it held $440.1 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- Apr 16, 2010
- Assets
- $440M
- Deposits
- $370M
- Estimated cost
- $12.0M
- Deposits went to
- TD Bank, National Association, Wilmington, DE
Total assets
$440M
+4.7% in a year · +11.7% in a quarter
Deposits
$370M
+3.5% in a year · +14.0% in a quarter
Loans
$318M
-14.4% in a year · -2.3% in a quarter
Profit so far
$205K
Jan 1 to Mar 31, 2010
Capital ratio
-0.86%
-7.61 pts in a year
Return on assets
0.20%
+1.25 pts in a year
Facts
- Type
- Savings bank
- Head office
- 511 St Johns Ave, Palatka, FL, 32177
- County
- Putnam
- Established
- Apr 1, 1934
- Failed
- Apr 16, 2010
- Employees
- 90
- Branches
- 8
- Id
- b28886
Quarter by quarter
March 31, 1984 to March 31, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Federal Bank of North Florida?
$440.1 million in total assets and $369.6 million in deposits as of March 31, 2010, with assets up 4.7% from a year before. Its loans were $317.6 million.
How many branches does First Federal Bank of North Florida have?
8 branches in Florida as of June 30, 2026.
Is First Federal Bank of North Florida profitable?
Yes: it earned $205,000 from January 1 to March 31, 2010. Its return on assets was 0.20% a year; about 1% is typical.
When did First Federal Bank of North Florida fail?
Apr 16, 2010. TD Bank, National Association of Wilmington, DE took over its deposits. The estimated cost of the failure was $12.0 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.