Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 10, 2010

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  • General
  • FDIC Certificate #: 32699
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CenterState Bank of Florida, National Association (#33555)
    Federal Reserve ID: 1407512
    Date Established: November 03, 1989
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Interstate: No)
    FDIC's unique #: 45533
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: November 03, 1989
    Last Structure Change Effective Date: December 10, 2010
    Last Structure Change Process Date: January 03, 2011
    Last Data Update: January 03, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 6930 Gall Boulevard, Zephyrhills, FL 33541
    County: Pasco
    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): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • Financial Summary
  • Total assets: $372.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)

  • Dollar figures in thousands
  • 97Total employees (full-time equivalent)
  • $362,994Total assets
  • $25,639Cash and due from depository institutions
  • $20,428Interest-bearing balances
  • $58,367Securities
  • $11,502Federal funds sold & reverse repurchase agreements
  • $221,023Net loans & leases
  • $6,399Loan loss allowance
  • $0Trading account assets
  • $20,250Bank premises and fixed assets
  • $4,996Other real estate owned
  • $5,415Goodwill and other intangibles
  • $4,349Life insurance assets
  • $15,802All other assets
  • $362,994Total liabilities and capital
  • $322,392Total liabilities
  • $317,700Total deposits
  • $291,010Interest-bearing deposits
  • $317,700Deposits held in domestic offices
  • 83.11%% insured (estimated)
  • $609Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,000Other borrowed funds
  • $0Subordinated debt
  • $1,083All other liabilities
  • $40,602Total equity capital
  • $40,602Total bank equity capital
  • $40,602Perpetual preferred stock
  • $0Common stock
  • $2,436Surplus
  • $27,910Undivided profits
  • Memoranda
  • $10,256Noncurrent loans and leases
  • $23,587Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10,016Earning assets
  • $0Long-term assets (5+ years)
  • $1,257Average Assets, year-to-date
  • $311,320Average Assets, quarterly
  • $68,240Volatile liabilities
  • $360,516Insider loans
  • $356,721FHLB advances
  • $94,796Loans and leases held for sale
  • $7,904Unused loan commitments
  • $3,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $23,587Total unused commitments
  • $4,858Restructured Loans and leases
  • $3,434Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $17,259Total interest income
  • $6,488Total interest expense
  • $10,771Net interest income
  • $9,929Provision for loan and lease losses
  • $1,555Total noninterest income
  • $0Fiduciary activities
  • $907Service charges on deposit accounts
  • $0Trading account gains & fees
  • $648Additional noninterest income
  • $15,110Total noninterest expense
  • $5,044Salaries and employee benefits
  • $2,169Premises and equipment expense
  • $7,897Additional noninterest expense
  • -$12,713Pre-tax net operating income
  • $195Securities gains (losses)
  • -$4,830Applicable income taxes
  • -$7,688Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,688Net income attributable to bank
  • $0Net charge-offs
  • -$7,688Cash dividends
  • $7,693Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.59%Yield on earning assets
  • 2.10%Cost of funding earning assets
  • 3.49%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 4.89%Noninterest expense to earning assets
  • -2.17%Net operating income to assets
  • -2.13%Return on assets (ROA)
  • -3.47%Pretax return on assets
  • -17.90%Return on equity (ROE)
  • -17.90%Retained earnings to average equity (YTD only)
  • 3.13%Net charge-offs to loans
  • 129.07%Credit loss provision to net charge-offs
  • -0.36%Efficiency ratio
  • 109,776Assets per employee
  • 3.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.81%Loss allowance to noncurrent loans
  • 63.89%Noncurrent assets plus other real estate owned to assets
  • 4.14%Noncurrent loans to loans
  • 4.40%Net loans and leases to deposits
  • 69.57%Net loans and leases to core deposits
  • 97.58%Equity capital to assets
  • 11.19%Core capital (leverage) ratio
  • 9.76%Tier 1 risk-based capital ratio
  • 12.69%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $360,516Average earning assets
  • $42,938Average equity
  • $308,914Average loans

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