Community State Bank in Starke, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Community State Bank - Overview

  • General
  • FDIC Certificate #: 17734
    Status: Active
    Federal Reserve ID: 853934
    Bank Holding Company (Regulatory Top Holder): Community State Bank Corporation (RSSDID: 1134199, Location: Starke, FL)
    Date Established: March 19, 1957
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 11691
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: March 19, 1957
    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: 811 South Walnut Street, Starke, FL 32091
    County: Bradford
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $53.1 mil
    Equity capital: $8.3 mil
    Deposits held in domestic offices: $44.8 mil
    Return on assets (ROA): 0.19% ($0.1 mil)
    Quarterly return on assets: 0.40% ($0.2 mil)
    Return on Equity (ROE): 1.20% ($0.1 mil)
    Quarterly return on equity: 2.56% ($0.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.19% ($100.9 mil)
    Quarterly Pretax return on assets: 0.40% ($212.5 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
  • 29Total employees (full-time equivalent)
  • $53,118Total assets
  • $14,819Cash and due from depository institutions
  • $12,774Interest-bearing balances
  • $18,280Securities
  • $280Federal funds sold & reverse repurchase agreements
  • $18,124Net loans & leases
  • $596Loan loss allowance
  • $0Trading account assets
  • $1,087Bank premises and fixed assets
  • $56Other real estate owned
  • $0Goodwill and other intangibles
  • $53,118Life insurance assets
  • $472All other assets
  • $44,864Total liabilities and capital
  • $44,823Total liabilities
  • $29,996Total deposits
  • $44,823Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $41Subordinated debt
  • $8,254All other liabilities
  • $8,254Total equity capital
  • $8,254Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $670Surplus
  • $7,434Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,120Income earned, not collected on loans
  • $0Earning assets
  • $170Long-term assets (5+ years)
  • $49,458Average Assets, year-to-date
  • $28,442Average Assets, quarterly
  • $52,431Volatile liabilities
  • $52,845Insider loans
  • $23,311FHLB advances
  • $51,454Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,976Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,852Restructured Loans and leases
  • $77Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,203Total interest income
  • $124Total interest expense
  • $2,079Net interest income
  • $329Provision for loan and lease losses
  • $1,105Total noninterest income
  • $0Fiduciary activities
  • $701Service charges on deposit accounts
  • $0Trading account gains & fees
  • $404Additional noninterest income
  • $2,757Total noninterest expense
  • $1,260Salaries and employee benefits
  • $283Premises and equipment expense
  • $1,214Additional noninterest expense
  • $98Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $98Income before extraordinary items
  • $0Extraordinary gains - net
  • $98Net income attributable to bank
  • $0Net charge-offs
  • $98Cash dividends
  • $1,243Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 0.30%Cost of funding earning assets
  • 4.96%Net interest margin
  • 2.63%Noninterest income to earning assets
  • 6.57%Noninterest expense to earning assets
  • 0.19%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.19%Pretax return on assets
  • 1.20%Return on equity (ROE)
  • 1.20%Retained earnings to average equity (YTD only)
  • 5.82%Net charge-offs to loans
  • 26.47%Credit loss provision to net charge-offs
  • 0.34%Efficiency ratio
  • 86,589Assets per employee
  • 1.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.18%Loss allowance to noncurrent loans
  • 28.11%Noncurrent assets plus other real estate owned to assets
  • 4.10%Noncurrent loans to loans
  • 11.32%Net loans and leases to deposits
  • 40.43%Net loans and leases to core deposits
  • 41.18%Equity capital to assets
  • 15.54%Core capital (leverage) ratio
  • 15.50%Tier 1 risk-based capital ratio
  • 34.22%Total risk-based capital ratio
  • Memoranda
  • $35Average assets
  • $52,431Average earning assets
  • $8,140Average equity
  • $41,943Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011691Community State Bank811 South Walnut Street, Starke, FL 32091March 19, 1957Full Service Brick and Mortar
    2359706Lake Butler Branch255 Southeast 6th Street, Lake Butler, FL 32054January 16, 2001Full Service Brick and Mortar

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