Centerstate Bank Central Florida, National Association in Kissimmee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 10, 2010

  • Centerstate Bank Central Florida, National Association in Kissimmee, Florida (FL)
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Centerstate Bank Central Florida, National Association - Overview

  • General
  • FDIC Certificate #: 27581
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CenterState Bank of Florida, National Association (#33555)
    Federal Reserve ID: 1402638
    Date Established: September 13, 1989
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 40392
    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: September 13, 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: 920 North Bermuda Avenue, Kissimmee, FL 34744
    County: Osceola
    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): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • Financial Summary
  • Total assets: $294.4 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
  • 65Total employees (full-time equivalent)
  • $300,044Total assets
  • $6,509Cash and due from depository institutions
  • $0Interest-bearing balances
  • $65,405Securities
  • $869Federal funds sold & reverse repurchase agreements
  • $206,259Net loans & leases
  • $6,312Loan loss allowance
  • $0Trading account assets
  • $8,927Bank premises and fixed assets
  • $1,284Other real estate owned
  • $0Goodwill and other intangibles
  • $3,299Life insurance assets
  • $10,791All other assets
  • $300,044Total liabilities and capital
  • $272,473Total liabilities
  • $259,865Total deposits
  • $230,238Interest-bearing deposits
  • $259,865Deposits held in domestic offices
  • 73.45%% insured (estimated)
  • $10,646Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,962All other liabilities
  • $27,571Total equity capital
  • $27,571Total bank equity capital
  • $27,571Perpetual preferred stock
  • $0Common stock
  • $2,556Surplus
  • $11,089Undivided profits
  • Memoranda
  • $13,926Noncurrent loans and leases
  • $24,465Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $15,184Earning assets
  • $0Long-term assets (5+ years)
  • $1,317Average Assets, year-to-date
  • $272,533Average Assets, quarterly
  • $88,115Volatile liabilities
  • $292,311Insider loans
  • $301,047FHLB advances
  • $109,913Loans and leases held for sale
  • $11,159Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $24,465Total unused commitments
  • $1,012Restructured Loans and leases
  • $2,974Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $14,760Total interest income
  • $5,299Total interest expense
  • $9,461Net interest income
  • $5,445Provision for loan and lease losses
  • $1,113Total noninterest income
  • $0Fiduciary activities
  • $1,000Service charges on deposit accounts
  • $0Trading account gains & fees
  • $113Additional noninterest income
  • $7,755Total noninterest expense
  • $3,287Salaries and employee benefits
  • $1,337Premises and equipment expense
  • $3,131Additional noninterest expense
  • -$2,626Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,108Applicable income taxes
  • -$1,518Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,518Net income attributable to bank
  • $0Net charge-offs
  • -$1,518Cash dividends
  • $2,851Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.52%Yield on earning assets
  • 1.98%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • -0.52%Net operating income to assets
  • -0.52%Return on assets (ROA)
  • -0.90%Pretax return on assets
  • -5.85%Return on equity (ROE)
  • -5.85%Retained earnings to average equity (YTD only)
  • 1.38%Net charge-offs to loans
  • 190.99%Credit loss provision to net charge-offs
  • 0.99%Efficiency ratio
  • 73,340Assets per employee
  • 4.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.97%Loss allowance to noncurrent loans
  • 41.57%Noncurrent assets plus other real estate owned to assets
  • 5.49%Noncurrent loans to loans
  • 7.14%Net loans and leases to deposits
  • 79.37%Net loans and leases to core deposits
  • 128.43%Equity capital to assets
  • 9.19%Core capital (leverage) ratio
  • 8.88%Tier 1 risk-based capital ratio
  • 11.38%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $292,311Average earning assets
  • $25,964Average equity
  • $267,510Average loans

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