First Citrus Bank in Tampa, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Citrus Bank - Overview

  • General
  • FDIC Certificate #: 34899
    Status: Active
    Federal Reserve ID: 2765602
    Bank Holding Company (Regulatory Top Holder): First Citrus Bancorporation, Inc. (RSSDID: 3547841, Location: Tampa, FL)
    Date Established: Febuary 01, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 61962
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 01, 1999
    Last Structure Change Effective Date: July 10, 2008
    Last Structure Change Process Date: July 10, 2008
    Last Data Update: July 10, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 10824 N. Dale Mabry Highway, Tampa, FL 33618
    County: Hillsborough
    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): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $216.3 mil
    Equity capital: $22.3 mil
    Deposits held in domestic offices: $173.8 mil
    Return on assets (ROA): 0.15% ($0.3 mil)
    Quarterly return on assets: 0.30% ($0.6 mil)
    Return on Equity (ROE): 1.62% ($0.4 mil)
    Quarterly return on equity: 3.04% ($0.7 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.20% ($432.6 mil)
    Quarterly Pretax return on assets: 0.44% ($951.7 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
  • 40Total employees (full-time equivalent)
  • $216,305Total assets
  • $31,839Cash and due from depository institutions
  • $14,214Interest-bearing balances
  • $8,894Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $157,692Net loans & leases
  • $1,941Loan loss allowance
  • $0Trading account assets
  • $8,906Bank premises and fixed assets
  • $4,475Other real estate owned
  • $0Goodwill and other intangibles
  • $216,305Life insurance assets
  • $4,499All other assets
  • $194,018Total liabilities and capital
  • $173,804Total liabilities
  • $145,721Total deposits
  • $173,804Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $214Subordinated debt
  • $22,287All other liabilities
  • $22,287Total equity capital
  • $22,287Total bank equity capital
  • $0Perpetual preferred stock
  • $7,963Common stock
  • $10,125Surplus
  • $4,199Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,622Income earned, not collected on loans
  • $0Earning assets
  • $682Long-term assets (5+ years)
  • $180,800Average Assets, year-to-date
  • $10,232Average Assets, quarterly
  • $235,758Volatile liabilities
  • $224,135Insider loans
  • $169,788FHLB advances
  • $226,298Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,967Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,227Restructured Loans and leases
  • $449Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,262Total interest income
  • $2,932Total interest expense
  • $7,330Net interest income
  • $0Provision for loan and lease losses
  • -$714Total noninterest income
  • $0Fiduciary activities
  • $175Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$889Additional noninterest income
  • $6,142Total noninterest expense
  • $2,910Salaries and employee benefits
  • $1,041Premises and equipment expense
  • $2,191Additional noninterest expense
  • $474Pre-tax net operating income
  • $0Securities gains (losses)
  • $116Applicable income taxes
  • $358Income before extraordinary items
  • $0Extraordinary gains - net
  • $358Net income attributable to bank
  • $0Net charge-offs
  • $358Cash dividends
  • $809Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 3.46%Net interest margin
  • -0.34%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.15%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 1.62%Return on equity (ROE)
  • 1.62%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.59%Efficiency ratio
  • 92,836Assets per employee
  • 5.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 74.03%Noncurrent assets plus other real estate owned to assets
  • 3.28%Noncurrent loans to loans
  • 1.64%Net loans and leases to deposits
  • 90.73%Net loans and leases to core deposits
  • 98.04%Equity capital to assets
  • 10.30%Core capital (leverage) ratio
  • 9.71%Tier 1 risk-based capital ratio
  • 12.94%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $235,758Average earning assets
  • $22,065Average equity
  • $211,601Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061962First Citrus Bank10824 N. Dale Mabry Highway, Tampa, FL 33618Febuary 01, 1999Full Service Brick and Mortar
    2363078Brandon Branch1314 Oakfield Drive, Brandon, FL 33511November 02, 2001Full Service Brick and Mortar
    3440148South Tampa Branch4240 Henderson Boulevard, Tampa, FL 33629March 28, 2005Full Service Brick and Mortar
    4447866Sheldon Road Branch13850 Sheldon Road, Tampa, FL 33626Febuary 06, 2006Full Service Brick and Mortar
    5492919Kennedy Office Branch4302 W. Kennedy Blvd., Tampa, FL 33609June 22, 2009Full Service Brick and Mortar

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