FDIC Certificate #: 57186 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:CenterState Bank of Florida, National Association (#33555) Federal Reserve ID: 3116809 Date Established: May 24, 2002 WWW:http://www.cflsb.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Domestic: 4, Interstate: No) FDIC's unique #: 359275 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: May 24, 2002 Last Structure Change Effective Date: January 20, 2012 Last Structure Change Process Date: January 23, 2012 Last Data Update: January 23, 2012 Data Source Date: April 05, 2012
Location
Address: 11800 Se U.S. Highway 441, Belleview, FL 34420 County: Marion 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): Ocala, FL (#5790) Core Based Statistical Area (CBSA): Ocala, FL (#36100) CBSA Metro Statistical Area: Ocala, FL (#36100)
Financial Summary
Total assets: $71.5 mil Equity capital: $0.3 mil Deposits held in domestic offices: $71.1 mil Return on assets (ROA): -6.96% (-$4.9 mil) Quarterly return on assets: -4.35% (-$3.1 mil) Return on Equity (ROE): -168.34% (-$0.0 mil) Quarterly return on equity: -441.57% (-$0.0 mil) Net income: -$5.6 mil Quarterly Net income: -$0.8 mil Pretax return on assets: -6.96% (-$4,975.4 mil) Quarterly Pretax return on assets: -4.35% (-$3,109.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
20Total employees (full-time equivalent)
$71,485Total assets
$3,957Cash and due from depository institutions
$1,172Interest-bearing balances
$1,969Securities
$9,255Federal funds sold & reverse repurchase agreements
$46,065Net loans & leases
$2,386Loan loss allowance
$0Trading account assets
$4,833Bank premises and fixed assets
$4,703Other real estate owned
$0Goodwill and other intangibles
$71,485Life insurance assets
$703All other assets
$71,155Total liabilities and capital
$71,080Total liabilities
$68,354Total deposits
$71,080Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$75Subordinated debt
$330All other liabilities
$330Total equity capital
$330Total bank equity capital
$0Perpetual preferred stock
$6,927Common stock
$7,873Surplus
$-14,470Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$15,264Income earned, not collected on loans
$0Earning assets
$158Long-term assets (5+ years)
$58,461Average Assets, year-to-date
$5,403Average Assets, quarterly
$80,565Volatile liabilities
$75,270Insider loans
$55,306FHLB advances
$76,079Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$289Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,181Restructured Loans and leases
$3,168Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,952Total interest income
$869Total interest expense
$2,083Net interest income
$3,004Provision for loan and lease losses
-$1,695Total noninterest income
$0Fiduciary activities
$41Service charges on deposit accounts
$0Trading account gains & fees
-$1,736Additional noninterest income
$2,986Total noninterest expense
$1,042Salaries and employee benefits
$419Premises and equipment expense
$1,525Additional noninterest expense
-$5,602Pre-tax net operating income
-$6Securities gains (losses)
$0Applicable income taxes
-$5,608Income before extraordinary items
$0Extraordinary gains - net
-$5,608Net income attributable to bank
$0Net charge-offs
-$5,608Cash dividends
$4,172Sale, 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
1.29%Cost of funding earning assets
3.08%Net interest margin
-2.51%Noninterest income to earning assets
4.42%Noninterest expense to earning assets
-6.95%Net operating income to assets
-6.96%Return on assets (ROA)
-6.96%Pretax return on assets
-168.34%Return on equity (ROE)
-168.34%Retained earnings to average equity (YTD only)
7.84%Net charge-offs to loans
72.00%Credit loss provision to net charge-offs
-0.62%Efficiency ratio
769,588Assets per employee
3.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.92%Loss allowance to noncurrent loans
15.63%Noncurrent assets plus other real estate owned to assets
27.93%Noncurrent loans to loans
31.50%Net loans and leases to deposits
64.81%Net loans and leases to core deposits
70.51%Equity capital to assets
0.46%Core capital (leverage) ratio
0.38%Tier 1 risk-based capital ratio
0.52%Total risk-based capital ratio
Memoranda
$1Average assets
$80,565Average earning assets
$3,331Average equity
$67,575Average loans
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