Community Bank of the South in Merritt Island, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Community Bank of the South in Merritt Island, Florida (FL)
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Community Bank of the South - Overview

  • General
  • FDIC Certificate #: 35212
    Status: Active
    Federal Reserve ID: 2860039
    Bank Holding Company (Regulatory Top Holder): Cbos Bankshares, Inc. (RSSDID: 3450530, Location: Merritt Island, FL)
    Date Established: November 29, 1999
    WWW: http://www.cbosdirect.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 76179
    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: November 29, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 277 North Sykes Creek Parkway, Merritt Island, FL 32953
    County: Brevard
    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): Melbourne-Titusville-Palm Bay, FL (#4900)
    Core Based Statistical Area (CBSA): Palm Bay-Melbourne-Titusville, FL (#37340)
    CBSA Metro Statistical Area: Palm Bay-Melbourne-Titusville, FL (#37340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $122.9 mil
    Equity capital: $15.3 mil
    Deposits held in domestic offices: $99.4 mil
    Return on assets (ROA): 0.49% ($0.6 mil)
    Quarterly return on assets: 0.59% ($0.7 mil)
    Return on Equity (ROE): 4.64% ($0.7 mil)
    Quarterly return on equity: 4.78% ($0.7 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.54% ($663.8 mil)
    Quarterly Pretax return on assets: 0.70% ($860.5 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)
  • $122,927Total assets
  • $21,847Cash and due from depository institutions
  • $17,562Interest-bearing balances
  • $36,826Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $53,615Net loans & leases
  • $1,360Loan loss allowance
  • $0Trading account assets
  • $3,016Bank premises and fixed assets
  • $2,774Other real estate owned
  • $0Goodwill and other intangibles
  • $122,927Life insurance assets
  • $4,849All other assets
  • $107,633Total liabilities and capital
  • $99,443Total liabilities
  • $69,830Total deposits
  • $99,443Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,500Trading liabilities
  • $0Other borrowed funds
  • $690Subordinated debt
  • $15,294All other liabilities
  • $15,294Total equity capital
  • $15,294Total bank equity capital
  • $0Perpetual preferred stock
  • $5,593Common stock
  • $5,680Surplus
  • $4,021Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,170Income earned, not collected on loans
  • $0Earning assets
  • $369Long-term assets (5+ years)
  • $108,003Average Assets, year-to-date
  • $56,887Average Assets, quarterly
  • $119,952Volatile liabilities
  • $124,283Insider loans
  • $76,200FHLB advances
  • $125,870Loans and leases held for sale
  • $2,910Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,851Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,910Total unused commitments
  • $6,269Restructured Loans and leases
  • $2,549Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,746Total interest income
  • $643Total interest expense
  • $4,103Net interest income
  • $239Provision for loan and lease losses
  • -$28Total noninterest income
  • $0Fiduciary activities
  • $130Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$158Additional noninterest income
  • $3,211Total noninterest expense
  • $1,670Salaries and employee benefits
  • $350Premises and equipment expense
  • $1,191Additional noninterest expense
  • $625Pre-tax net operating income
  • $24Securities gains (losses)
  • $67Applicable income taxes
  • $582Income before extraordinary items
  • $0Extraordinary gains - net
  • $582Net income attributable to bank
  • $0Net charge-offs
  • $582Cash dividends
  • $81Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.54%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 3.92%Net interest margin
  • -0.03%Noninterest income to earning assets
  • 3.07%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 4.64%Return on equity (ROE)
  • 3.85%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 295.06%Credit loss provision to net charge-offs
  • 10.67%Efficiency ratio
  • 78,798Assets per employee
  • 6.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.18%Loss allowance to loans
  • 2.47%Loss allowance to noncurrent loans
  • 116.24%Noncurrent assets plus other real estate owned to assets
  • 3.21%Noncurrent loans to loans
  • 2.13%Net loans and leases to deposits
  • 53.92%Net loans and leases to core deposits
  • 64.79%Equity capital to assets
  • 12.44%Core capital (leverage) ratio
  • 11.80%Tier 1 risk-based capital ratio
  • 19.49%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $119,952Average earning assets
  • $12,531Average equity
  • $104,652Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    076179Community Bank Of The South277 North Sykes Creek Parkway, Merritt Island, FL 32953November 29, 1999Full Service Brick and Mortar
    1363465Cocoa Commons Branch2321 Highway 524, Cocoa, FL 32926Febuary 27, 2002Full Service Brick and Mortar
    2452409Rockledge Branch1902 South Fiske Boulevard, Rockledge, FL 32955June 30, 2006Full Service Brick and Mortar

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