Drummond Community Bank in Chiefland, Florida (FL)



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Drummond Community Bank routing number info

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Drummond Community Bank
GeneralFDIC Certificate #: 32737
Status: Active
Federal Reserve ID: 1436071
Bank Holding Company (Regulatory Top Holder): Drummond Banking Company (RSSDID: 1493579, Location: Chiefland, FL)
Date Established: January 12, 1990
WWW: http://www.drummondbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 12643
FDIC's unique #: 45603
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 12, 1990
Last Structure Change Effective Date: May 30, 2007
Last Structure Change Process Date: May 30, 2007
Last Data Update: May 30, 2007
Data Source Date: April 05, 2012
LocationAddress: 1627 North Young Boulevard, Chiefland, FL 32626
County: Levy
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
Financial SummaryTotal assets: $200.1 mil
Equity capital: $36.5 mil
Deposits held in domestic offices: $150.8 mil
Return on assets (ROA): 1.76% ($3.5 mil)
Quarterly return on assets: 1.21% ($2.4 mil)
Return on Equity (ROE): 10.38% ($3.7 mil)
Quarterly return on equity: 6.65% ($2.4 mil)
Net income: $3.5 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 1.76% ($3,521.4 mil)
Quarterly Pretax return on assets: 1.21% ($2,420.9 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)68
Total assets$200,077
Cash and due from depository institutions$5,488
Interest-bearing balances$2,870
Securities$83,980
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$97,300
Loan loss allowance $3,032
Trading account assets$0
Bank premises and fixed assets$8,012
Other real estate owned$1,476
Goodwill and other intangibles$0
All other assets$3,821
Life insurance assets$200,077
Total liabilities and capital$163,616
Total liabilities$150,842
Total deposits$107,831
Interest-bearing deposits$150,842
Deposits held in domestic offices$78
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$11,550
Other borrowed funds $0
Subordinated debt $1,224
All other liabilities $36,461
Total equity capital$36,461
Total bank equity capital$36,461
Perpetual preferred stock$0
Common stock$907
Surplus$2,589
Undivided profits $32,965
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 $2,242
Earning assets $0
Long-term assets (5+ years) $1,662
Average Assets, year-to-date $184,150
Average Assets, quarterly $83,449
Volatile liabilities $197,055
Insider loans $197,558
FHLB advances $113,553
Loans and leases held for sale $198,991
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $32,194
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,437
Derivatives$4,293
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,919
Total interest expense $593
Net interest income $10,326
Provision for loan and lease losses $1,579
Total noninterest income $1,325
Fiduciary activities $0
Service charges on deposit accounts $957
Trading account gains & fees $0
Additional noninterest income $368
Total noninterest expense $7,234
Salaries and employee benefits $3,575
Premises and equipment expense $1,641
Additional noninterest expense $2,018
Pre-tax net operating income $2,838
Securities gains (losses) $633
Applicable income taxes $0
Income before extraordinary items $3,471
Extraordinary gains - net $0
Net income attributable to bank $3,471
Net charge-offs $0
Cash dividends $3,471
Sale, conversion, retirement of capital stock, net $1,204
Net operating income $1,705
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.00%
Cost of funding earning assets 0.33%
Net interest margin 5.68%
Noninterest income to earning assets 0.73%
Noninterest expense to earning assets 3.98%
Net operating income to assets 1.44%
Return on assets (ROA) 1.76%
Pretax return on assets 1.76%
Return on equity (ROE) 10.38%
Retained earnings to average equity (YTD only) 5.28%
Net charge-offs to loans 1.22%
Credit loss provision to net charge-offs 131.15%
Efficiency ratio3.67%
Assets per employee$62,089
Cash dividends to net income (YTD only)2.94%
Condition Ratios (%)
Loss allowance to loans 49.12%
Loss allowance to noncurrent loans 3.02%
Noncurrent assets plus other real estate owned to assets 135.24%
Noncurrent loans to loans 1.86%
Net loans and leases to deposits2.23%
Net loans and leases to core deposits 64.50%
Equity capital to assets 70.32%
Core capital (leverage) ratio 18.22%
Tier 1 risk-based capital ratio 16.18%
Total risk-based capital ratio 28.35%
Memoranda
Average assets$30
Average earning assets$197,055
Average equity $33,448
Average loans $181,924
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7 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
045603Drummond Community Bank1627 North Young Boulevard, Chiefland, FL 32626January 12, 1990Full Service Brick and Mortar
17872Cedar Key Branch2124 N.W. Fourth Place, Cedar Key, FL 32625January 01, 1912Full Service Brick and Mortar
4288990Dixie County Branch200 South West Cedar Street, Cross City, FL 32628July 25, 1994Full Service Brick and Mortar
5359710Trenton Branch1502 East Wade Street, Trenton, FL 32693March 19, 2001Full Service Brick and Mortar
6362087Old Town BranchNorth Highway 19 And 349, Old Town, FL 32680June 04, 2001Full Service Brick and Mortar
7470760Mayo Branch130 Northeast Clyde Avenue, Mayo, FL 32066December 03, 2007Full Service Brick and Mortar
8493787Bell Branch1879 North Us 129, Bell, FL 32619July 08, 2009Full Service Brick and Mortar
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