FDIC Certificate #: 32580 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:CenterState Bank of Florida, National Association (#33555) Federal Reserve ID: 1189984 Date Established: May 03, 1988 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 11 (Interstate: No) OTS Docket #: 8484 FDIC's unique #: 45414 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 03, 1988 Last Structure Change Effective Date: November 01, 2011 Last Structure Change Process Date: November 08, 2011 Last Data Update: November 08, 2011 Data Source Date: April 05, 2012
Location
Address: 420 West First Street, Sanford, FL 32771 County: Seminole 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): Orlando, FL (#5960) Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422) Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740) CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
Financial Summary
Total assets: $322.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
91Total employees (full-time equivalent)
$366,912Total assets
$13,922Cash and due from depository institutions
$10,867Interest-bearing balances
$26,611Securities
$0Federal funds sold & reverse repurchase agreements
$202,432Net loans & leases
$2,753Loan loss allowance
$0Trading account assets
$16,019Bank premises and fixed assets
$16,082Other real estate owned
$18,299Goodwill and other intangibles
$8,408Life insurance assets
$73,547All other assets
$366,912Total liabilities and capital
$264,034Total liabilities
$236,414Total deposits
$225,806Interest-bearing deposits
$236,414Deposits held in domestic offices
95.47%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$25,081Other borrowed funds
$0Subordinated debt
$2,539All other liabilities
$102,878Total equity capital
$102,878Total bank equity capital
$102,878Perpetual preferred stock
$0Common stock
$1,298Surplus
$214,469Undivided profits
Memoranda
$-112,889Noncurrent loans and leases
$4,483Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$24,277Earning assets
$0Long-term assets (5+ years)
$1,202Average Assets, year-to-date
$239,910Average Assets, quarterly
$0Volatile liabilities
$460,742Insider loans
$387,192FHLB advances
$56,355Loans and leases held for sale
$0Unused loan commitments
$25,081Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,483Total unused commitments
$5,350Restructured Loans and leases
$2,360Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$23,061Total interest income
$5,488Total interest expense
$17,573Net interest income
$2,753Provision for loan and lease losses
-$7,006Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$7,006Additional noninterest income
$175,570Total noninterest expense
$6,831Salaries and employee benefits
$3,729Premises and equipment expense
$165,010Additional noninterest expense
-$167,756Pre-tax net operating income
$46Securities gains (losses)
-$57,042Applicable income taxes
-$110,668Income before extraordinary items
$0Extraordinary gains - net
-$110,668Net income attributable to bank
$0Net charge-offs
-$110,668Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.97%Yield on earning assets
1.90%Cost of funding earning assets
6.07%Net interest margin
-2.42%Noninterest income to earning assets
60.65%Noninterest expense to earning assets
-24.03%Net operating income to assets
-24.02%Return on assets (ROA)
-36.40%Pretax return on assets
-74.87%Return on equity (ROE)
-74.87%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
152,626Assets per employee
4.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
11.34%Noncurrent assets plus other real estate owned to assets
11.00%Noncurrent loans to loans
11.83%Net loans and leases to deposits
85.63%Net loans and leases to core deposits
98.68%Equity capital to assets
28.04%Core capital (leverage) ratio
11.38%Tier 1 risk-based capital ratio
17.95%Total risk-based capital ratio
Memoranda
$19Average assets
$460,742Average earning assets
$147,820Average equity
$289,492Average loans
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