First Citrus Bank in Tampa, Florida (FL)

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First Citrus Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)40
Total assets$216,305
Cash and due from depository institutions$31,839
Interest-bearing balances$14,214
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$157,692
Loan loss allowance $1,941
Trading account assets$0
Bank premises and fixed assets$8,906
Other real estate owned$4,475
Goodwill and other intangibles$0
All other assets$4,499
Life insurance assets$216,305
Total liabilities and capital$194,018
Total liabilities$173,804
Total deposits$145,721
Interest-bearing deposits$173,804
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$20,000
Other borrowed funds $0
Subordinated debt $214
All other liabilities $22,287
Total equity capital$22,287
Total bank equity capital$22,287
Perpetual preferred stock$0
Common stock$7,963
Undivided profits $4,199
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 $2,622
Earning assets $0
Long-term assets (5+ years) $682
Average Assets, year-to-date $180,800
Average Assets, quarterly $10,232
Volatile liabilities $235,758
Insider loans $224,135
FHLB advances $169,788
Loans and leases held for sale $226,298
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $21,967
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,227
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,262
Total interest expense $2,932
Net interest income $7,330
Provision for loan and lease losses $0
Total noninterest income -$714
Fiduciary activities $0
Service charges on deposit accounts $175
Trading account gains & fees $0
Additional noninterest income -$889
Total noninterest expense $6,142
Salaries and employee benefits $2,910
Premises and equipment expense $1,041
Additional noninterest expense $2,191
Pre-tax net operating income $474
Securities gains (losses) $0
Applicable income taxes $116
Income before extraordinary items $358
Extraordinary gains - net $0
Net income attributable to bank $358
Net charge-offs $0
Cash dividends $358
Sale, conversion, retirement of capital stock, net $809
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 assets4.85%
Cost of funding earning assets 1.39%
Net interest margin 3.46%
Noninterest income to earning assets -0.34%
Noninterest expense to earning assets 2.90%
Net operating income to assets 0.15%
Return on assets (ROA) 0.15%
Pretax return on assets 0.20%
Return on equity (ROE) 1.62%
Retained earnings to average equity (YTD only) 1.62%
Net charge-offs to loans 0.50%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.59%
Assets per employee$92,836
Cash dividends to net income (YTD only)5.41%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.22%
Noncurrent assets plus other real estate owned to assets 74.03%
Noncurrent loans to loans 3.28%
Net loans and leases to deposits1.64%
Net loans and leases to core deposits 90.73%
Equity capital to assets 98.04%
Core capital (leverage) ratio 10.30%
Tier 1 risk-based capital ratio 9.71%
Total risk-based capital ratio 12.94%
Average assets$14
Average earning assets$235,758
Average equity $22,065
Average loans $211,601
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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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