CBC NATIONAL BANK in Fernandina Beach, Florida (FL), SC, GA
Overview, Financial Summary, Detailed Financial Reports, Branches


CBC NATIONAL BANK - Overview

  • General
  • FDIC Certificate #: 35309
    Status: Active
    Federal Reserve ID: 2855914
    Bank Holding Company (Regulatory Top Holder): Coastal Banking Company, Inc. (RSSDID: 2855905, Location: Beaufort, SC)
    Date Established: May 10, 2000
    WWW: http://www.cbcnationalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: Yes)
    FDIC's unique #: 77699
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 10, 2000
    Last Structure Change Effective Date: August 10, 2008
    Last Structure Change Process Date: September 26, 2008
    Last Data Update: September 26, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1891 South 14th Street, Fernandina Beach, FL 32034
    County: Nassau
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Jacksonville, FL (#3600)
    Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
    CBSA Metro Statistical Area: Jacksonville, FL (#27260)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Change in Geographic Region/Area/Territory/Field Office
    Change in Location
  • Financial Summary
  • Total assets: $477.6 mil
    Equity capital: $40.0 mil
    Deposits held in domestic offices: $356.2 mil
    Return on assets (ROA): 0.33% ($1.6 mil)
    Quarterly return on assets: 0.90% ($4.3 mil)
    Return on Equity (ROE): 3.58% ($1.4 mil)
    Quarterly return on equity: 10.48% ($4.2 mil)
    Net income: $1.4 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.33% ($1,576.1 mil)
    Quarterly Pretax return on assets: 0.68% ($3,247.8 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
  • 350Total employees (full-time equivalent)
  • $477,611Total assets
  • $4,090Cash and due from depository institutions
  • $479Interest-bearing balances
  • $22,506Securities
  • $243Federal funds sold & reverse repurchase agreements
  • $285,567Net loans & leases
  • $5,222Loan loss allowance
  • $0Trading account assets
  • $7,489Bank premises and fixed assets
  • $15,424Other real estate owned
  • $519Goodwill and other intangibles
  • $477,611Life insurance assets
  • $141,773All other assets
  • $437,567Total liabilities and capital
  • $356,163Total liabilities
  • $335,683Total deposits
  • $356,163Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 8766.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $68,447Trading liabilities
  • $0Other borrowed funds
  • $4,191Subordinated debt
  • $40,044All other liabilities
  • $40,044Total equity capital
  • $40,044Total bank equity capital
  • $0Perpetual preferred stock
  • $3,350Common stock
  • $42,761Surplus
  • $-6,067Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $36,122Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,937Income earned, not collected on loans
  • $357Earning assets
  • $942Long-term assets (5+ years)
  • $308,795Average Assets, year-to-date
  • $75,542Average Assets, quarterly
  • $428,811Volatile liabilities
  • $459,387Insider loans
  • $252,480FHLB advances
  • $453,823Loans and leases held for sale
  • $1,974Unused loan commitments
  • $1,974Tier 1 (core) risk-based capital
  • $38,066Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,981Restructured Loans and leases
  • $3,801Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,870Total interest income
  • $4,898Total interest expense
  • $12,972Net interest income
  • $2,865Provision for loan and lease losses
  • $17,410Total noninterest income
  • $0Fiduciary activities
  • $403Service charges on deposit accounts
  • $0Trading account gains & fees
  • $17,007Additional noninterest income
  • $26,110Total noninterest expense
  • $14,270Salaries and employee benefits
  • $1,794Premises and equipment expense
  • $10,046Additional noninterest expense
  • $1,407Pre-tax net operating income
  • -$8Securities gains (losses)
  • $0Applicable income taxes
  • $1,399Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,399Net income attributable to bank
  • $0Net charge-offs
  • $1,399Cash dividends
  • $3,651Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 1.46%Cost of funding earning assets
  • 3.87%Net interest margin
  • 5.20%Noninterest income to earning assets
  • 7.80%Noninterest expense to earning assets
  • 0.33%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 3.58%Return on equity (ROE)
  • 3.58%Retained earnings to average equity (YTD only)
  • 1.20%Net charge-offs to loans
  • 78.47%Credit loss provision to net charge-offs
  • 1.17%Efficiency ratio
  • 85,807Assets per employee
  • 1.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 32.77%Noncurrent assets plus other real estate owned to assets
  • 6.57%Noncurrent loans to loans
  • 5.48%Net loans and leases to deposits
  • 80.18%Net loans and leases to core deposits
  • 100.54%Equity capital to assets
  • 8.38%Core capital (leverage) ratio
  • 8.39%Tier 1 risk-based capital ratio
  • 15.08%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $428,811Average earning assets
  • $39,035Average equity
  • $334,856Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    077699Cbc National Bank1891 South 14th Street, Fernandina Beach, FL 32034May 10, 2000Full Service Brick and Mortar
  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    55397The Georgia Bank Branch2023 East Depot Street, Meigs, GA 31765November 23, 1903Full Service Brick and Mortar
  • 3 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1418618Messenger Service Branch36 Sea Island Parkway, Beaufort, SC 29902May 15, 2002Limited Service Messenger
    3462451Port Royal Branch1700 Ribaut Road, Port Royal, SC 29935March 23, 2007Full Service Brick and Mortar
    6481046Sea Island Branch36 Sea Island Parkway, Beaufort, SC 29907August 10, 2008Full Service Brick and Mortar

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