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Jacksonville Bancorp (Jacksonville Bancorp) Net Interest Margin (Bank Only) % : 4.04% (As of Sep. 2015)


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What is Jacksonville Bancorp Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Jacksonville Bancorp's annualized Net Interest Income (for Banks) for the quarter that ended in Sep. 2015 was $18.25 Mil. Jacksonville Bancorp's average earning assets for the quarter that ended in Sep. 2015 was $452.12 Mil. Therefore, Jacksonville Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2015 was 4.04%.


Jacksonville Bancorp Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Jacksonville Bancorp's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Jacksonville Bancorp Net Interest Margin (Bank Only) % Chart

Jacksonville Bancorp Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.17 4.33 4.07 3.81 3.96

Jacksonville Bancorp Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.98 3.98 3.96 4.05 4.04

Competitive Comparison of Jacksonville Bancorp's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Jacksonville Bancorp's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Jacksonville Bancorp's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Jacksonville Bancorp's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Jacksonville Bancorp's Net Interest Margin (Bank Only) % falls into.



Jacksonville Bancorp Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Jacksonville Bancorp's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2014 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2014 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2013 ) + Earning Assets (A: Dec. 2014 ))/ count )
=17.869/( (462.889 + 438.506)/ 2 )
=17.869/450.6975
=3.96 %

where

Earning Assets(A: Dec. 2013 )
=Money Market Investments + Net Loan + Securities & Investments
=23.526 + 354.592 + 84.771
=462.889

Earning Assets(A: Dec. 2014 )
=Money Market Investments + Net Loan + Securities & Investments
=0.594 + 360.279 + 77.633
=438.506

Jacksonville Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2015 is calculated as

Net Interest Margin (Bank Only) %(Q: Sep. 2015 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jun. 2015 ) + Earning Assets (Q: Sep. 2015 ))/ count )
=18.248/( (448.045 + 456.188)/ 2 )
=18.248/452.1165
=4.04 %

where

Earning Assets(Q: Jun. 2015 )
=Money Market Investments + Net Loan + Securities & Investments
=1.972 + 372.838 + 73.235
=448.045

Earning Assets(Q: Sep. 2015 )
=Money Market Investments + Net Loan + Securities & Investments
=1.872 + 386.941 + 67.375
=456.188

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Sep. 2015) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Jacksonville Bancorp  (NAS:JAXB) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Jacksonville Bancorp Net Interest Margin (Bank Only) % Related Terms

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Jacksonville Bancorp (Jacksonville Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jacksonville Bancorp Inc was incorporated under the laws of the State of Florida on October 24, 1997 for the purpose of organizing the Bank. It is a one-bank holding company owning 100% of the outstanding shares of the Bank. The Company's only business is the ownership and operation of the Bank, which opened for business on May 28, 1999. The Bank is a Florida state-chartered commercial bank, and its deposits are insured by the FDIC. Its market area is all of Duval County mainly the Southside, Westside, Arlington, Mandarin and Downtown areas of Jacksonville and Jacksonville Beach, Florida, in addition to surrounding communities within the St. Johns, Clay and Nassau counties. Jacksonville is the largest city by area in the United States covering 747 square miles. Duval County has a strong commercial and industrial base, which has been steadily expanding in recent years. Financial institutions compete with one another for deposits. The Company is in competition with existing area financial institutions, including commercial banks and savings institutions, insurance companies, consumer finance companies, brokerage houses, mortgage banking companies, credit unions, and other business entities which target traditional banking markets, through offices, mail, the internet, mobile devices and otherwise. Its primary business segment is community banking and consists of attracting deposits from the general public and using such deposits and other sources of funds to originate commercial business loans, commercial real estate loans, residential mortgage loans, and a variety of consumer loans. The Company is regulated by the Federal Reserve Board under the Federal Bank Holding Company Act.
Executives
Margaret A Incandela officer: EVP; COO; Chief Credit Officer 100 NORTH LAURA STREET, SUITE 1000, JACKSONVILLE FL 32202
John W Rose director, 10 percent owner 100 NORTH LAURA STREET, SUITE 1000, JACKSONVILLE FL 32202
Eugene Ludwig director, 10 percent owner 280 PARK AVENUE, 40TH FLOOR WEST, SUITE 401, NEW YORK NY 10017
Robert Goldstein 10 percent owner
John P Sullivan director, 10 percent owner 280 PARK AVENUE, 40TH FLOOR WEST, NEW YORK NY 10017

Jacksonville Bancorp (Jacksonville Bancorp) Headlines

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