Charlotte State Bank & Trust in Port Charlotte, Florida (FL)



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Charlotte State Bank & Trust routing number info

Table of contents:
Charlotte State Bank & Trust
GeneralFDIC 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
LocationAddress: 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 ChangesName Change
Financial SummaryTotal 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)
Total employees (full-time equivalent)81
Total assets$244,629
Cash and due from depository institutions$12,850
Interest-bearing balances$8,836
Securities$68,995
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$148,410
Loan loss allowance $5,101
Trading account assets$0
Bank premises and fixed assets$9,700
Other real estate owned$1,998
Goodwill and other intangibles$218
All other assets$2,458
Life insurance assets$244,629
Total liabilities and capital$223,422
Total liabilities$219,912
Total deposits$180,314
Interest-bearing deposits$219,912
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,800
Other borrowed funds $0
Subordinated debt $710
All other liabilities $21,207
Total equity capital$21,207
Total bank equity capital$21,207
Perpetual preferred stock$0
Common stock$1,102
Surplus$10,096
Undivided profits $10,009
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $7,382
Earning assets $0
Long-term assets (5+ years) $925
Average Assets, year-to-date $226,241
Average Assets, quarterly $100,200
Volatile liabilities $241,879
Insider loans $242,722
FHLB advances $163,820
Loans and leases held for sale $243,954
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $20,278
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,312
Derivatives$2,252
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,954
Total interest expense $1,192
Net interest income $8,762
Provision for loan and lease losses $3,268
Total noninterest income $3,446
Fiduciary activities $1,246
Service charges on deposit accounts $571
Trading account gains & fees $0
Additional noninterest income $1,629
Total noninterest expense $8,023
Salaries and employee benefits $4,202
Premises and equipment expense $1,081
Additional noninterest expense $2,740
Pre-tax net operating income $917
Securities gains (losses) $293
Applicable income taxes $0
Income before extraordinary items $1,210
Extraordinary gains - net $0
Net income attributable to bank $1,210
Net charge-offs $0
Cash dividends $1,210
Sale, conversion, retirement of capital stock, net $3,131
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.46%
Cost of funding earning assets 0.53%
Net interest margin 3.92%
Noninterest income to earning assets 1.54%
Noninterest expense to earning assets 3.59%
Net operating income to assets 0.38%
Return on assets (ROA) 0.50%
Pretax return on assets 0.50%
Return on equity (ROE) 5.99%
Retained earnings to average equity (YTD only) 5.99%
Net charge-offs to loans 1.99%
Credit loss provision to net charge-offs 104.38%
Efficiency ratio1.34%
Assets per employee$65,326
Cash dividends to net income (YTD only)3.02%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.32%
Noncurrent assets plus other real estate owned to assets 69.10%
Noncurrent loans to loans 3.83%
Net loans and leases to deposits4.81%
Net loans and leases to core deposits 67.49%
Equity capital to assets 68.07%
Core capital (leverage) ratio 8.67%
Tier 1 risk-based capital ratio 8.31%
Total risk-based capital ratio 12.38%
Memoranda
Average assets$14
Average earning assets$241,879
Average equity $20,194
Average loans $223,347
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$134,796
Number of Accounts1
Personal trust and agency accounts$134,737
Employee benefit-defined contribution accounts$29,769
Employee benefit-defined benefit accounts$534
Other retirement accounts$0
Corporate trust and agency accounts$11,810
Investment management agency accounts$0
Other fiduciary accounts$92,624
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts173
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$10,389
Employee benefit-defined benefit accounts$0
Other retirement accounts$59
Corporate trust and agency accounts$59
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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