Drummond Community Bank in Chiefland, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Drummond Community Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 68Total employees (full-time equivalent)
  • $200,077Total assets
  • $5,488Cash and due from depository institutions
  • $2,870Interest-bearing balances
  • $83,980Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $97,300Net loans & leases
  • $3,032Loan loss allowance
  • $0Trading account assets
  • $8,012Bank premises and fixed assets
  • $1,476Other real estate owned
  • $0Goodwill and other intangibles
  • $200,077Life insurance assets
  • $3,821All other assets
  • $163,616Total liabilities and capital
  • $150,842Total liabilities
  • $107,831Total deposits
  • $150,842Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,550Trading liabilities
  • $0Other borrowed funds
  • $1,224Subordinated debt
  • $36,461All other liabilities
  • $36,461Total equity capital
  • $36,461Total bank equity capital
  • $0Perpetual preferred stock
  • $907Common stock
  • $2,589Surplus
  • $32,965Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,242Income earned, not collected on loans
  • $0Earning assets
  • $1,662Long-term assets (5+ years)
  • $184,150Average Assets, year-to-date
  • $83,449Average Assets, quarterly
  • $197,055Volatile liabilities
  • $197,558Insider loans
  • $113,553FHLB advances
  • $198,991Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,194Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,437Restructured Loans and leases
  • $4,293Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,919Total interest income
  • $593Total interest expense
  • $10,326Net interest income
  • $1,579Provision for loan and lease losses
  • $1,325Total noninterest income
  • $0Fiduciary activities
  • $957Service charges on deposit accounts
  • $0Trading account gains & fees
  • $368Additional noninterest income
  • $7,234Total noninterest expense
  • $3,575Salaries and employee benefits
  • $1,641Premises and equipment expense
  • $2,018Additional noninterest expense
  • $2,838Pre-tax net operating income
  • $633Securities gains (losses)
  • $0Applicable income taxes
  • $3,471Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,471Net income attributable to bank
  • $0Net charge-offs
  • $3,471Cash dividends
  • $1,204Sale, conversion, retirement of capital stock, net
  • $1,705Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.00%Yield on earning assets
  • 0.33%Cost of funding earning assets
  • 5.68%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • 1.44%Net operating income to assets
  • 1.76%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 10.38%Return on equity (ROE)
  • 5.28%Retained earnings to average equity (YTD only)
  • 1.22%Net charge-offs to loans
  • 131.15%Credit loss provision to net charge-offs
  • 3.67%Efficiency ratio
  • 62,089Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.12%Loss allowance to loans
  • 3.02%Loss allowance to noncurrent loans
  • 135.24%Noncurrent assets plus other real estate owned to assets
  • 1.86%Noncurrent loans to loans
  • 2.23%Net loans and leases to deposits
  • 64.50%Net loans and leases to core deposits
  • 70.32%Equity capital to assets
  • 18.22%Core capital (leverage) ratio
  • 16.18%Tier 1 risk-based capital ratio
  • 28.35%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $197,055Average earning assets
  • $33,448Average equity
  • $181,924Average loans

List of branches

  • 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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