Bank of Central Florida in Lakeland, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Bank of Central Florida in Lakeland, Florida (FL)
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Bank of Central Florida routing number info

Bank of Central Florida - Overview

  • General
  • FDIC Certificate #: 58479
    Status: Active
    Federal Reserve ID: 3588312
    Date Established: March 19, 2007
    WWW: http://www.bankofcentralflorida.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 453573
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 19, 2007
    Last Structure Change Effective Date: June 15, 2011
    Last Structure Change Process Date: September 15, 2011
    Last Data Update: September 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 5015 South Florida Avenue, Suite 200, Lakeland, FL 33813
    County: Polk
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Lakeland-Winter Haven, FL (#3980)
    Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460)
    CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $258.7 mil
    Equity capital: $30.5 mil
    Deposits held in domestic offices: $218.4 mil
    Return on assets (ROA): 0.49% ($1.3 mil)
    Quarterly return on assets: 0.50% ($1.3 mil)
    Return on Equity (ROE): 4.41% ($1.4 mil)
    Quarterly return on equity: 4.11% ($1.3 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.80% ($2,069.4 mil)
    Quarterly Pretax return on assets: 0.80% ($2,069.4 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 49Total employees (full-time equivalent)
  • $258,673Total assets
  • $12,964Cash and due from depository institutions
  • $8,323Interest-bearing balances
  • $58,595Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $176,354Net loans & leases
  • $2,322Loan loss allowance
  • $0Trading account assets
  • $7,504Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $258,673Life insurance assets
  • $3,256All other assets
  • $228,159Total liabilities and capital
  • $218,403Total liabilities
  • $160,074Total deposits
  • $218,403Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $2,756Subordinated debt
  • $30,514All other liabilities
  • $30,514Total equity capital
  • $30,514Total bank equity capital
  • $7,000Perpetual preferred stock
  • $11,719Common stock
  • $12,412Surplus
  • $-617Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $393Income earned, not collected on loans
  • $0Earning assets
  • $816Long-term assets (5+ years)
  • $243,272Average Assets, year-to-date
  • $90,169Average Assets, quarterly
  • $229,172Volatile liabilities
  • $251,506Insider loans
  • $194,927FHLB advances
  • $249,298Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,669Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $59,636Restructured Loans and leases
  • $13,044Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,407Total interest income
  • $1,518Total interest expense
  • $7,889Net interest income
  • $185Provision for loan and lease losses
  • $235Total noninterest income
  • $0Fiduciary activities
  • $137Service charges on deposit accounts
  • $0Trading account gains & fees
  • $98Additional noninterest income
  • $6,059Total noninterest expense
  • $3,657Salaries and employee benefits
  • $875Premises and equipment expense
  • $1,527Additional noninterest expense
  • $1,880Pre-tax net operating income
  • -$54Securities gains (losses)
  • $701Applicable income taxes
  • $1,125Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,125Net income attributable to bank
  • $0Net charge-offs
  • $1,125Cash dividends
  • $168Sale, conversion, retirement of capital stock, net
  • $26Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.33%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 4.41%Return on equity (ROE)
  • 4.30%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 110.12%Credit loss provision to net charge-offs
  • 12.29%Efficiency ratio
  • 74,581Assets per employee
  • 5.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 2.31%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 590.84%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 80.75%Net loans and leases to core deposits
  • 90.32%Equity capital to assets
  • 11.80%Core capital (leverage) ratio
  • 11.90%Tier 1 risk-based capital ratio
  • 15.22%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $229,172Average earning assets
  • $25,533Average equity
  • $217,073Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0453573Bank Of Central Florida5015 South Florida Avenue, Suite 200, Lakeland, FL 33813March 19, 2007Full Service Brick and Mortar
    1461391Courier Service101 South Florida Avenue, Lakeland, FL 33801March 19, 2007Limited Service Messenger
    2465804Executive/Operations Branch5015 South Florida Avenue, Lakeland, FL 33813March 19, 2007Limited Service Administrative
    3492710Bartow Branch515 North Broadway Avenue, Bartow, FL 33830July 28, 2008Full Service Brick and Mortar
    4492711South Lakeland Branch5015 South Florida Avenue, Lakeland, FL 33813Febuary 23, 2009Full Service Brick and Mortar

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