Citizens Bank of Florida in Oviedo, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Bank of Florida - Overview

  • General
  • FDIC Certificate #: 16442
    Status: Active
    Federal Reserve ID: 131034
    Bank Holding Company (Regulatory Top Holder): Citizens Bancorp Of Oviedo, Inc. (RSSDID: 2958347, Location: Oviedo, FL)
    Date Established: July 01, 1946
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 10611
    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: July 01, 1946
    Last Structure Change Effective Date: September 01, 2006
    Last Structure Change Process Date: September 14, 2006
    Last Data Update: September 14, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 156 Geneva Drive, Oviedo, FL 32765
    County: Seminole
    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)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $225.6 mil
    Equity capital: $20.4 mil
    Deposits held in domestic offices: $199.8 mil
    Return on assets (ROA): -0.20% (-$0.5 mil)
    Quarterly return on assets: -0.10% (-$0.2 mil)
    Return on Equity (ROE): -2.23% (-$0.4 mil)
    Quarterly return on equity: -1.12% (-$0.2 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.44% (-$992.7 mil)
    Quarterly Pretax return on assets: -0.33% (-$744.5 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
  • 54Total employees (full-time equivalent)
  • $225,615Total assets
  • $16,148Cash and due from depository institutions
  • $11,844Interest-bearing balances
  • $52,761Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $133,693Net loans & leases
  • $3,755Loan loss allowance
  • $0Trading account assets
  • $8,697Bank premises and fixed assets
  • $4,259Other real estate owned
  • $0Goodwill and other intangibles
  • $225,615Life insurance assets
  • $10,057All other assets
  • $205,254Total liabilities and capital
  • $199,772Total liabilities
  • $164,637Total deposits
  • $199,772Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 4574.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $908Subordinated debt
  • $20,361All other liabilities
  • $20,361Total equity capital
  • $20,361Total bank equity capital
  • $0Perpetual preferred stock
  • $1,758Common stock
  • $7,608Surplus
  • $10,995Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,006Income earned, not collected on loans
  • $0Earning assets
  • $460Long-term assets (5+ years)
  • $198,298Average Assets, year-to-date
  • $59,588Average Assets, quarterly
  • $222,290Volatile liabilities
  • $225,261Insider loans
  • $158,673FHLB advances
  • $222,032Loans and leases held for sale
  • $5,343Unused loan commitments
  • $819Tier 1 (core) risk-based capital
  • $18,339Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,524Total unused commitments
  • $11,790Restructured Loans and leases
  • $3,077Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,398Total interest income
  • $1,752Total interest expense
  • $7,646Net interest income
  • $2,305Provision for loan and lease losses
  • $526Total noninterest income
  • $0Fiduciary activities
  • $392Service charges on deposit accounts
  • $0Trading account gains & fees
  • $134Additional noninterest income
  • $7,086Total noninterest expense
  • $3,390Salaries and employee benefits
  • $939Premises and equipment expense
  • $2,757Additional noninterest expense
  • -$1,219Pre-tax net operating income
  • $247Securities gains (losses)
  • -$525Applicable income taxes
  • -$447Income before extraordinary items
  • $0Extraordinary gains - net
  • -$447Net income attributable to bank
  • $0Net charge-offs
  • -$447Cash dividends
  • $3,454Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.86%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • -0.27%Net operating income to assets
  • -0.20%Return on assets (ROA)
  • -0.44%Pretax return on assets
  • -2.23%Return on equity (ROE)
  • -2.23%Retained earnings to average equity (YTD only)
  • 2.36%Net charge-offs to loans
  • 66.73%Credit loss provision to net charge-offs
  • 0.31%Efficiency ratio
  • 86,711Assets per employee
  • 4.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.73%Loss allowance to noncurrent loans
  • 93.73%Noncurrent assets plus other real estate owned to assets
  • 3.66%Noncurrent loans to loans
  • 2.91%Net loans and leases to deposits
  • 66.92%Net loans and leases to core deposits
  • 89.68%Equity capital to assets
  • 9.02%Core capital (leverage) ratio
  • 8.26%Tier 1 risk-based capital ratio
  • 11.56%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $222,290Average earning assets
  • $20,009Average equity
  • $193,346Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010611Citizens Bank Of Florida156 Geneva Drive, Oviedo, FL 32765July 01, 1946Full Service Brick and Mortar
    3359705Courier Service Branch156 Geneva Drive, Oviedo, FL 32765March 20, 2001Limited Service Messenger
    4363464Red Bug Branch8305 Red Bug Lake Road, Oviedo, FL 32765March 11, 2002Full Service Brick and Mortar
    5468302Winter Park/Goldenrod Branch7250 Aloma Avenue, Winter Park, FL 32789July 30, 2007Full Service Brick and Mortar
    6473725Longwood Branch410 South Myrtle Street, Longwood, FL 32750March 17, 2008Full Service Brick and Mortar

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