Peoples First Community Bank
Panama City, FL
$1.8B
total assets, September 30, 2009
$1.8B
total assets, September 30, 2009
Peoples First Community Bank was a savings bank in Panama City, FL. It failed on Dec 18, 2009, and Hancock Bank took over its deposits. At its last report it held $1.8 billion in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2009
This bank failed
- Failed on
- Dec 18, 2009
- Assets
- $1.8B
- Deposits
- $1.7B
- Estimated cost
- $597M
- Deposits went to
- Hancock Bank, Gulfport, MS
Total assets
$1.8B
-2.5% in a year · -6.6% in a quarter
Deposits
$1.7B
+6.4% in a year · -1.3% in a quarter
Loans
$1.4B
-13.2% in a year · -3.4% in a quarter
Profit so far
-$136M
Jan 1 to Sep 30, 2009
Capital ratio
1.02%
-7.38 pts in a year
Return on assets
-9.46%
-8.22 pts in a year
Facts
- Type
- Savings bank
- Head office
- 2305 Hwy 77, Panama City, FL, 32405
- County
- Bay
- Established
- Jul 21, 1983
- Failed
- Dec 18, 2009
- Employees
- 375
- Branches
- 33
- Id
- b32167
Quarter by quarter
March 31, 1984 to September 30, 2009
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 Peoples First Community Bank?
$1.8 billion in total assets and $1.7 billion in deposits as of September 30, 2009, with assets down 2.5% from a year before. Its loans were $1.4 billion.
How many branches does Peoples First Community Bank have?
33 branches in Florida as of June 30, 2026.
Is Peoples First Community Bank profitable?
No: it lost $135.9 million from January 1 to September 30, 2009. Its return on assets was -9.46% a year; about 1% is typical.
When did Peoples First Community Bank fail?
Dec 18, 2009. Hancock Bank of Gulfport, MS took over its deposits. The estimated cost of the failure was $597.1 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.