CenterState Bank of Florida, National Association in Winter Haven, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


CenterState Bank of Florida, National Association - Overview

  • General
  • FDIC Certificate #: 33555
    Status: Active
    Federal Reserve ID: 1929247
    Bank Holding Company (Regulatory Top Holder): Centerstate Banks, Inc. (RSSDID: 2868129, Location: Davenport, FL)
    Date Established: Febuary 21, 1992
    WWW: http://www.centerstatebank.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: 65 (Domestic: 54, Interstate: No)
    FDIC's unique #: 47437
    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: Febuary 21, 1992
    Last Structure Change Effective Date: January 27, 2012
    Last Structure Change Process Date: January 30, 2012
    Last Data Update: January 30, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 7722 State Road 544, Winter Haven, FL 33881
    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
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $2,082.6 mil
    Equity capital: $198.5 mil
    Deposits held in domestic offices: $1,779.8 mil
    Return on assets (ROA): 1.09% ($22.7 mil)
    Quarterly return on assets: 4.09% ($85.2 mil)
    Return on Equity (ROE): 11.73% ($23.3 mil)
    Quarterly return on equity: 43.40% ($86.4 mil)
    Net income: $21.3 mil
    Quarterly Net income: $20.5 mil
    Pretax return on assets: 1.68% ($34,987.5 mil)
    Quarterly Pretax return on assets: 6.29% ($130,994.8 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, 2011)

  • Dollar figures in thousands
  • 597Total employees (full-time equivalent)
  • $2,082,588Total assets
  • $126,981Cash and due from depository institutions
  • $113,744Interest-bearing balances
  • $561,571Securities
  • $9,907Federal funds sold & reverse repurchase agreements
  • $1,152,859Net loans & leases
  • $24,934Loan loss allowance
  • $0Trading account assets
  • $82,376Bank premises and fixed assets
  • $14,098Other real estate owned
  • $23,848Goodwill and other intangibles
  • $2,082,588Life insurance assets
  • $110,948All other assets
  • $1,884,079Total liabilities and capital
  • $1,779,775Total liabilities
  • $1,380,973Total deposits
  • $1,779,775Interest-bearing deposits
  • $68Deposits held in domestic offices
  • 69276.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $35,028Subordinated debt
  • $198,509All other liabilities
  • $198,509Total equity capital
  • $198,509Total bank equity capital
  • $0Perpetual preferred stock
  • $7,490Common stock
  • $114,550Surplus
  • $76,469Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,741Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $63,722Income earned, not collected on loans
  • $0Earning assets
  • $6,380Long-term assets (5+ years)
  • $1,838,081Average Assets, year-to-date
  • $787,151Average Assets, quarterly
  • $1,954,033Volatile liabilities
  • $2,002,970Insider loans
  • $1,155,685FHLB advances
  • $2,011,772Loans and leases held for sale
  • $31,436Unused loan commitments
  • $11,489Tier 1 (core) risk-based capital
  • $169,365Tier 2 risk-based capital
  • $3,483Total risk weighted assets
  • $16,464Total unused commitments
  • $1,626,687Restructured Loans and leases
  • $19,771Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $74,847Total interest income
  • $10,571Total interest expense
  • $64,276Net interest income
  • $30,563Provision for loan and lease losses
  • $97,606Total noninterest income
  • $0Fiduciary activities
  • $4,906Service charges on deposit accounts
  • $485Trading account gains & fees
  • $92,215Additional noninterest income
  • $102,031Total noninterest expense
  • $55,164Salaries and employee benefits
  • $12,045Premises and equipment expense
  • $34,822Additional noninterest expense
  • $29,288Pre-tax net operating income
  • $3,464Securities gains (losses)
  • $11,440Applicable income taxes
  • $21,312Income before extraordinary items
  • $0Extraordinary gains - net
  • $21,312Net income attributable to bank
  • $0Net charge-offs
  • $21,312Cash dividends
  • $26,095Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.37%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 3.75%Net interest margin
  • 5.69%Noninterest income to earning assets
  • 5.95%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 11.73%Return on equity (ROE)
  • 11.73%Retained earnings to average equity (YTD only)
  • 2.45%Net charge-offs to loans
  • 117.12%Credit loss provision to net charge-offs
  • 2.29%Efficiency ratio
  • 62,665Assets per employee
  • 3.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.12%Loss allowance to noncurrent loans
  • 39.13%Noncurrent assets plus other real estate owned to assets
  • 3.74%Noncurrent loans to loans
  • 5.41%Net loans and leases to deposits
  • 64.78%Net loans and leases to core deposits
  • 71.24%Equity capital to assets
  • 9.53%Core capital (leverage) ratio
  • 8.42%Tier 1 risk-based capital ratio
  • 14.65%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $1,954,033Average earning assets
  • $181,663Average equity
  • $1,713,925Average loans

List of branches

  • 65 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    047437Centerstate Bank Of Florida, National Association7722 State Road 544, Winter Haven, FL 33881Febuary 21, 1992Full Service Brick and Mortar
    1289762Southern Dunes Branch36099 State Highway 27 North, Haines City, FL 33844May 11, 1995Full Service Brick and Mortar
    2289763Polo Park Branch100 Polo Park East Boulevard, Davenport, FL 33897January 08, 1997Full Service Brick and Mortar
    3362508Lake Alfred Branch155 Lake Shore Way, Lake Alfred, FL 33850September 25, 2001Full Service Brick and Mortar
    677703Centerstate Bk Winter Haven Branch1101 First Street South, Winter Haven, FL 33880April 14, 2000Full Service Brick and Mortar
    7359714Messenger Service Branch1101 First Street South, Winter Haven, FL 33880January 08, 2001Limited Service Messenger
    8362571Havendale Branch3670 Havendale Boulevard, Auburndale, FL 33823September 25, 2001Full Service Brick and Mortar
    9363080500 South Florida Avenue500 South Florida Avenue, Lakeland, FL 33801January 09, 2002Full Service Brick and Mortar
    10418490Four Lakes Branch990 La Qunita Boulevard, Winter Haven, FL 33881January 13, 2003Full Service Retail
    11418506Lake Ashton Branch4144 Ashton Club Drive, Lake Wales, FL 33859December 20, 2002Full Service Retail
    12428147Lake Wales Branch300 West Central Avenue, Lake Wales, FL 33853April 19, 2004Full Service Brick and Mortar
    13457029South Lakeland Branch4719 Sourth Florida Avenue, Lakeland, FL 33803October 30, 2006Full Service Brick and Mortar
    14457044Deer Creek Branch42725 Us Highway 27, Davenport, FL 33837October 02, 2006Full Service Brick and Mortar
    1535227Ocala National Bank Branch406 East Silver Springs Boulevard, Ocala, FL 34470Febuary 07, 1986Full Service Brick and Mortar
    1625966136th Avenue Branch811 N.E. 36th Avenue, Ocala, FL 34470June 10, 1996Full Service Brick and Mortar
    17466238Quail Meadows Office Branch4905 Nw Blichton Road, Ocala, FL 34482April 09, 2007Full Service Brick and Mortar
    18466239Heathbrook Office Branch5350 Sw College Road, Ocala, FL 34474Febuary 09, 2007Full Service Brick and Mortar
    21510311Vero Beach Branch801 20th Place, Palm Bay, FL 32906June 15, 2010Full Service Brick and Mortar
    2241698Olde Cypress Community Bank Branch205 South W C Owen, Clewiston, FL 33440January 01, 1927Full Service Brick and Mortar
    23271155Labelle Branch45 Bridge Street, Labelle, FL 33935January 01, 1927Full Service Brick and Mortar
    2617470Bartow Branch1375 North Broadway, Bartow, FL 33831July 02, 1984Full Service Brick and Mortar
    2739618Ocala Branch60 S.W. 17th Street, Ocala, FL 34471October 03, 1988Full Service Brick and Mortar
    28261834Highway 200 Branch7755 S.W. 65th Avenue Road, Ocala, FL 34470May 17, 1995Full Service Brick and Mortar
    29261835Belleview Branch10990 U.S. Highway 441 Southeast, Belleview, FL 34420Febuary 08, 1999Full Service Brick and Mortar
    30261836Tri-County Branch13891 U.S. 441, North, Lady Lake, FL 32159May 17, 1999Full Service Brick and Mortar
    31513640Okeechobee Branch1611 South Parrott Avenue, Okeechobee, FL 34974September 20, 2010Full Service Brick and Mortar
    3240392Kissimmee Office Branch920 John Young Parkway, Kissimmee, FL 34744September 13, 1989Full Service Brick and Mortar
    33262310Southchase Branch12285 South Orange Blossom Trail, Orlando, FL 32837June 01, 1999Full Service Brick and Mortar
    34262312Poinciana Branch850 Cypress Parkway, Poinciana, FL 34759June 24, 1996Full Service Brick and Mortar
    35262313St. Cloud Branch2801 13th Street, St. Cloud, FL 34769September 30, 1993Full Service Brick and Mortar
    36429608Osceola Parkway Branch1000 West Osceola Parkway, Kissimmee, FL 34741June 07, 2004Full Service Brick and Mortar
    37461695Ashton Branch4898 East Irlo Bronson Memorial Highway, Saint Cloud, FL 34769Febuary 05, 2007Full Service Brick and Mortar
    3845533Zephyrhills Branch6930 Gall Boulevard, Zephyrhills, FL 33541November 03, 1989Full Service Brick and Mortar
    39288930Bushnell Branch114 Belt Avenue, Bushnell, FL 33513March 15, 1993Full Service Brick and Mortar
    40288931West Zephyrhills Branch36239 State Road 54 West, Zephyrhills, FL 33541November 13, 1997Full Service Brick and Mortar
    41357879Dade City Branch14045 7th Street, Dade City, FL 33525March 16, 2000Full Service Brick and Mortar
    42365744Inverness Branch151 East Highlands Boulevard, Inverness, FL 34450October 17, 2002Full Service Brick and Mortar
    43365745Spring Hill Branch12435 Cortez Boulevard, Brooksville, FL 34613October 17, 2002Full Service Brick and Mortar
    44445640Crystal River Branch1205 E. 5th St, Crystal River, FL 34429October 31, 2005Full Service Brick and Mortar
    45469166Mobile Courier Service Branch6930 Gall Boulevard, Zephyrhills, FL 33542May 01, 2006Full Service Brick and Mortar
    46288929Clermont Branch1051 E. Highway 50, Clermont, FL 34711January 25, 1996Full Service Brick and Mortar
    47288932Groveland Branch1105 West Broad Street, Groveland, FL 34736October 19, 1998Full Service Brick and Mortar
    48455622Eustis Office15830 Us Hwy 441, Eustis, FL 32726September 25, 2006Full Service Brick and Mortar
    49362076Leesburg Office903 West North Boulevard, Leesburg, FL 34748January 12, 2004Full Service Brick and Mortar
    50271351Sr 315 & Sr 20 Branch1120 Highway 20, Miller Shopping Center, Interlachen, FL 32148April 01, 1934Full Service Brick and Mortar
    5117046Crescent City Branch500 North Summit Street, Crescent City, FL 32112April 15, 1983Full Service Brick and Mortar
    52257491East Palatka Branch1 Eastgate Square, East Palatka, FL 32131September 24, 1984Full Service Brick and Mortar
    53257493Palatka Branch3202 Crill Avenue, Palatka, FL 32177August 25, 1992Full Service Brick and Mortar
    5645414Sandford Branch420 West First Street, Sanford, FL 32771May 03, 1988Full Service Brick and Mortar
    57288388Winter Park Branch655 West Morse Boulevard, Winter Park, FL 32789October 30, 1998Full Service Brick and Mortar
    58360678New Smyrna Beach Branch761 E. 3rd Avenue, New Smyrna Beach, FL 32169June 22, 2001Full Service Brick and Mortar
    59423497Orange City Branch2690 Enterprise Road, Orange City, FL 32763October 06, 2003Full Service Brick and Mortar
    65506073Port Orange Branch3880 S Nova Rd, Port Orange, FL 32127July 11, 2006Full Service Brick and Mortar
    67359275Central Florida State Bank Branch11800 Se U.S. Highway 441, Belleview, FL 34420May 24, 2002Full Service Brick and Mortar
    68433006Ocala Branch1025 East Silver Springs Boulevard, Ocala, FL 34470November 08, 2004Full Service Brick and Mortar
    69446327Jasmine Walk Branch6056 Sw 73rd Street Road, Ocala, FL 34476January 04, 2006Full Service Brick and Mortar
    70455051Spruce Creek Branch11220 Se 179th Place, Summerfield, FL 34491September 06, 2006Full Service Brick and Mortar
    7110725First Guaranty Bank And Trust Compan1234 King Street, Jacksonville, FL 32203May 29, 1947Full Service Brick and Mortar
    7213837Riverside Avenue Office760 Riverside Avenue, Jacksonville, FL 32204Febuary 25, 1970Full Service Brick and Mortar
    73238388Ortega Financial Center2922 Corinthian Avenue, Jacksonville, FL 32210October 21, 1997Full Service Brick and Mortar
    74238390Mandarin Branch10970 San Jose Boulevard, Jacksonville, FL 32223August 30, 1999Full Service Brick and Mortar
    75363087Argyle Branch6072 Youngerman Circle, Jacksonville, FL 32244December 10, 2001Full Service Brick and Mortar
    76366360Point Meadows Branch10903 Baymeadows Road, Jacksonville, FL 32256December 23, 2002Full Service Brick and Mortar
    77462578Kendall Financial Center Branch9580 Hutchinson Park Drive, Jacksonville, FL 32225April 09, 2007Full Service Brick and Mortar
    78464996Bartram Financial Center Branch13860 Old St. Augustine Road, Jacksonville, FL 32258June 25, 2007Full Service Brick and Mortar

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