Charlotte State Bank & Trust in Port Charlotte, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Charlotte State Bank & Trust - Overview

  • General
  • FDIC Certificate #: 27086
    Status: Active
    Federal Reserve ID: 1158878
    Bank Holding Company (Regulatory Top Holder): Crews Banking Corporation (RSSDID: 1081239, Location: Wauchula, FL)
    Date Established: November 03, 1987
    WWW: http://www.charlottestatebankandtrust.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 13920
    FDIC's unique #: 38732
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 03, 1987
    Last Structure Change Effective Date: August 18, 2011
    Last Structure Change Process Date: September 15, 2011
    Last Data Update: September 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1100 Tamiami Trail, Port Charlotte, FL 33953
    County: Charlotte
    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): Punta Gorda, FL (#6580)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): Punta Gorda, FL (#39460)
    CBSA Metro Statistical Area: Punta Gorda, FL (#39460)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $244.6 mil
    Equity capital: $21.2 mil
    Deposits held in domestic offices: $219.9 mil
    Return on assets (ROA): 0.50% ($1.2 mil)
    Quarterly return on assets: 0.59% ($1.4 mil)
    Return on Equity (ROE): 5.99% ($1.3 mil)
    Quarterly return on equity: 6.80% ($1.4 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.50% ($1,223.1 mil)
    Quarterly Pretax return on assets: 0.59% ($1,443.3 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, 2011)

  • Dollar figures in thousands
  • 81Total employees (full-time equivalent)
  • $244,629Total assets
  • $12,850Cash and due from depository institutions
  • $8,836Interest-bearing balances
  • $68,995Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $148,410Net loans & leases
  • $5,101Loan loss allowance
  • $0Trading account assets
  • $9,700Bank premises and fixed assets
  • $1,998Other real estate owned
  • $218Goodwill and other intangibles
  • $244,629Life insurance assets
  • $2,458All other assets
  • $223,422Total liabilities and capital
  • $219,912Total liabilities
  • $180,314Total deposits
  • $219,912Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,800Trading liabilities
  • $0Other borrowed funds
  • $710Subordinated debt
  • $21,207All other liabilities
  • $21,207Total equity capital
  • $21,207Total bank equity capital
  • $0Perpetual preferred stock
  • $1,102Common stock
  • $10,096Surplus
  • $10,009Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,382Income earned, not collected on loans
  • $0Earning assets
  • $925Long-term assets (5+ years)
  • $226,241Average Assets, year-to-date
  • $100,200Average Assets, quarterly
  • $241,879Volatile liabilities
  • $242,722Insider loans
  • $163,820FHLB advances
  • $243,954Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,278Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,312Restructured Loans and leases
  • $2,252Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,954Total interest income
  • $1,192Total interest expense
  • $8,762Net interest income
  • $3,268Provision for loan and lease losses
  • $3,446Total noninterest income
  • $1,246Fiduciary activities
  • $571Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,629Additional noninterest income
  • $8,023Total noninterest expense
  • $4,202Salaries and employee benefits
  • $1,081Premises and equipment expense
  • $2,740Additional noninterest expense
  • $917Pre-tax net operating income
  • $293Securities gains (losses)
  • $0Applicable income taxes
  • $1,210Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,210Net income attributable to bank
  • $0Net charge-offs
  • $1,210Cash dividends
  • $3,131Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.46%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 3.92%Net interest margin
  • 1.54%Noninterest income to earning assets
  • 3.59%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 5.99%Return on equity (ROE)
  • 5.99%Retained earnings to average equity (YTD only)
  • 1.99%Net charge-offs to loans
  • 104.38%Credit loss provision to net charge-offs
  • 1.34%Efficiency ratio
  • 65,326Assets per employee
  • 3.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.32%Loss allowance to noncurrent loans
  • 69.10%Noncurrent assets plus other real estate owned to assets
  • 3.83%Noncurrent loans to loans
  • 4.81%Net loans and leases to deposits
  • 67.49%Net loans and leases to core deposits
  • 68.07%Equity capital to assets
  • 8.67%Core capital (leverage) ratio
  • 8.31%Tier 1 risk-based capital ratio
  • 12.38%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $241,879Average earning assets
  • $20,194Average equity
  • $223,347Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $134,796Managed Assets
  • 1Number of Accounts
  • $134,737Personal trust and agency accounts
  • $29,769Employee benefit-defined contribution accounts
  • $534Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $11,810Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $92,624Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 173Number of Accounts
  • $0Personal trust and agency accounts
  • $10,389Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $59Other retirement accounts
  • $59Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    038732Charlotte State Bank & Trust1100 Tamiami Trail, Port Charlotte, FL 33953November 03, 1987Full Service Brick and Mortar
    1261067Punta Gorda Branch2331 Tamiami Trail, Punta Gorda, FL 33950August 12, 1998Full Service Brick and Mortar
    3366269Mid-Town Branch3002 Tamiami Trail, Port Charlotte, FL 33952December 04, 2002Full Service Brick and Mortar
    4430070Peachland Branch24163 Peachland Boulevard, Port Charlotte, FL 33954June 30, 2003Full Service Brick and Mortar
    5480335Harborview Branch23112 Harborview Road, Port Charlotte, FL 33980July 22, 2008Full Service Brick and Mortar

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