Community State Bank in Starke, Florida (FL)



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Community State Bank
GeneralFDIC 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
WWW: http://www.communitystatebank-fl.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)29
Total assets$53,118
Cash and due from depository institutions$14,819
Interest-bearing balances$12,774
Securities$18,280
Federal funds sold & reverse repurchase agreements$280
Net loans & leases$18,124
Loan loss allowance $596
Trading account assets$0
Bank premises and fixed assets$1,087
Other real estate owned$56
Goodwill and other intangibles$0
All other assets$472
Life insurance assets$53,118
Total liabilities and capital$44,864
Total liabilities$44,823
Total deposits$29,996
Interest-bearing deposits$44,823
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $41
All other liabilities $8,254
Total equity capital$8,254
Total bank equity capital$8,254
Perpetual preferred stock$0
Common stock$150
Surplus$670
Undivided profits $7,434
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 $2,120
Earning assets $0
Long-term assets (5+ years) $170
Average Assets, year-to-date $49,458
Average Assets, quarterly $28,442
Volatile liabilities $52,431
Insider loans $52,845
FHLB advances $23,311
Loans and leases held for sale $51,454
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,976
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,852
Derivatives$77
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,203
Total interest expense $124
Net interest income $2,079
Provision for loan and lease losses $329
Total noninterest income $1,105
Fiduciary activities $0
Service charges on deposit accounts $701
Trading account gains & fees $0
Additional noninterest income $404
Total noninterest expense $2,757
Salaries and employee benefits $1,260
Premises and equipment expense $283
Additional noninterest expense $1,214
Pre-tax net operating income $98
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $98
Extraordinary gains - net $0
Net income attributable to bank $98
Net charge-offs $0
Cash dividends $98
Sale, conversion, retirement of capital stock, net $1,243
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 assets5.25%
Cost of funding earning assets 0.30%
Net interest margin 4.96%
Noninterest income to earning assets 2.63%
Noninterest expense to earning assets 6.57%
Net operating income to assets 0.19%
Return on assets (ROA) 0.19%
Pretax return on assets 0.19%
Return on equity (ROE) 1.20%
Retained earnings to average equity (YTD only) 1.20%
Net charge-offs to loans 5.82%
Credit loss provision to net charge-offs 26.47%
Efficiency ratio0.34%
Assets per employee$86,589
Cash dividends to net income (YTD only)1.83%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.18%
Noncurrent assets plus other real estate owned to assets 28.11%
Noncurrent loans to loans 4.10%
Net loans and leases to deposits11.32%
Net loans and leases to core deposits 40.43%
Equity capital to assets 41.18%
Core capital (leverage) ratio 15.54%
Tier 1 risk-based capital ratio 15.50%
Total risk-based capital ratio 34.22%
Memoranda
Average assets$35
Average earning assets$52,431
Average equity $8,140
Average loans $41,943
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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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