Community Southern Bank in Lakeland, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Community Southern Bank - Overview

  • General
  • FDIC Certificate #: 58313
    Status: Active
    Federal Reserve ID: 3466979
    Date Established: August 28, 2006
    WWW: http://www.communitysouthernbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 2, Interstate: No)
    FDIC's unique #: 445995
    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: August 28, 2006
    Last Structure Change Effective Date: September 23, 2008
    Last Structure Change Process Date: September 23, 2008
    Last Data Update: September 23, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 3234 South Florida Avenue, Lakeland, FL 33803
    County: Polk
    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): Lakeland-Winter Haven, FL (#3980)
    Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460)
    CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
  • Financial Summary
  • Total assets: $199.1 mil
    Equity capital: $23.4 mil
    Deposits held in domestic offices: $147.0 mil
    Return on assets (ROA): 0.43% ($0.9 mil)
    Quarterly return on assets: 0.72% ($1.4 mil)
    Return on Equity (ROE): 4.10% ($0.9 mil)
    Quarterly return on equity: 6.11% ($1.4 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.52% ($1,035.6 mil)
    Quarterly Pretax return on assets: 0.78% ($1,553.4 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
  • 42Total employees (full-time equivalent)
  • $199,148Total assets
  • $11,505Cash and due from depository institutions
  • $5,943Interest-bearing balances
  • $61,104Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $112,302Net loans & leases
  • $1,418Loan loss allowance
  • $0Trading account assets
  • $6,313Bank premises and fixed assets
  • $120Other real estate owned
  • $0Goodwill and other intangibles
  • $199,148Life insurance assets
  • $7,804All other assets
  • $175,776Total liabilities and capital
  • $147,002Total liabilities
  • $128,624Total deposits
  • $147,002Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 6580.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,201Trading liabilities
  • $0Other borrowed funds
  • $993Subordinated debt
  • $23,372All other liabilities
  • $23,372Total equity capital
  • $23,372Total bank equity capital
  • $5,700Perpetual preferred stock
  • $9,497Common stock
  • $7,984Surplus
  • $191Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $762Income earned, not collected on loans
  • $0Earning assets
  • $754Long-term assets (5+ years)
  • $179,349Average Assets, year-to-date
  • $72,049Average Assets, quarterly
  • $184,356Volatile liabilities
  • $197,356Insider loans
  • $138,614FHLB advances
  • $195,555Loans and leases held for sale
  • $4,190Unused loan commitments
  • $4,190Tier 1 (core) risk-based capital
  • $23,011Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,287Restructured Loans and leases
  • $3,427Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,614Total interest income
  • $1,911Total interest expense
  • $5,703Net interest income
  • $420Provision for loan and lease losses
  • $464Total noninterest income
  • $0Fiduciary activities
  • $91Service charges on deposit accounts
  • $0Trading account gains & fees
  • $373Additional noninterest income
  • $5,072Total noninterest expense
  • $2,846Salaries and employee benefits
  • $669Premises and equipment expense
  • $1,557Additional noninterest expense
  • $675Pre-tax net operating income
  • $275Securities gains (losses)
  • $155Applicable income taxes
  • $795Income before extraordinary items
  • $0Extraordinary gains - net
  • $795Net income attributable to bank
  • $0Net charge-offs
  • $795Cash dividends
  • $375Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 3.22%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 4.10%Return on equity (ROE)
  • 4.10%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 112.00%Credit loss provision to net charge-offs
  • 2.92%Efficiency ratio
  • 82,244Assets per employee
  • 4.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 186.09%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 76.39%Net loans and leases to core deposits
  • 81.15%Equity capital to assets
  • 11.74%Core capital (leverage) ratio
  • 11.77%Tier 1 risk-based capital ratio
  • 16.60%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $184,356Average earning assets
  • $19,401Average equity
  • $157,280Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0445995Community Southern Bank3234 South Florida Avenue, Lakeland, FL 33803August 28, 2006Full Service Brick and Mortar
    1474209Bartow Branch101 West Main Street, Bartow, FL 33830April 14, 2008Full Service Brick and Mortar
    2527919Winter Haven Branch6900 Cypress Gardens Boulevard, Winter Haven, FL 33884January 23, 2012Full Service Brick and Mortar

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