Florida Citizens Bank in Gainesville, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Florida Citizens Bank - Overview

  • General
  • FDIC Certificate #: 34869
    Status: Active
    Federal Reserve ID: 2733348
    Bank Holding Company (Regulatory Top Holder): Ogs Investments, Inc. (RSSDID: 2744232, Location: Ocala, FL)
    Date Established: December 23, 1998
    WWW: http://www.floridacitizensbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 16098
    FDIC's unique #: 61931
    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: Commercial Lending Specialization
    Date of Deposit Insurance: December 23, 1998
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3919 West Newberry Road, Gainesville, FL 32607
    County: Alachua
    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
    Metropolitan Statistical Area (MSA): Gainesville, FL (#2900)
    Core Based Statistical Area (CBSA): Gainesville, FL (#23540)
    CBSA Metro Statistical Area: Gainesville, FL (#23540)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $275.6 mil
    Equity capital: $20.5 mil
    Deposits held in domestic offices: $246.4 mil
    Return on assets (ROA): -0.17% (-$0.5 mil)
    Quarterly return on assets: -0.81% (-$2.2 mil)
    Return on Equity (ROE): -2.36% (-$0.5 mil)
    Quarterly return on equity: -10.74% (-$2.3 mil)
    Net income: -$0.5 mil
    Quarterly Net income: -$0.6 mil
    Pretax return on assets: -0.17% (-$468.5 mil)
    Quarterly Pretax return on assets: -0.81% (-$2,232.1 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, 2011)

  • Dollar figures in thousands
  • 100Total employees (full-time equivalent)
  • $275,573Total assets
  • $26,622Cash and due from depository institutions
  • $22,695Interest-bearing balances
  • $39,744Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $190,605Net loans & leases
  • $4,029Loan loss allowance
  • $0Trading account assets
  • $10,759Bank premises and fixed assets
  • $4,756Other real estate owned
  • $0Goodwill and other intangibles
  • $275,573Life insurance assets
  • $3,087All other assets
  • $255,041Total liabilities and capital
  • $246,394Total liabilities
  • $199,617Total deposits
  • $246,394Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,744Trading liabilities
  • $0Other borrowed funds
  • $903Subordinated debt
  • $20,532All other liabilities
  • $20,532Total equity capital
  • $20,532Total bank equity capital
  • $0Perpetual preferred stock
  • $4,600Common stock
  • $13,653Surplus
  • $2,279Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,719Income earned, not collected on loans
  • $0Earning assets
  • $815Long-term assets (5+ years)
  • $253,044Average Assets, year-to-date
  • $42,257Average Assets, quarterly
  • $283,521Volatile liabilities
  • $278,673Insider loans
  • $201,862FHLB advances
  • $280,367Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,859Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,048Restructured Loans and leases
  • $9,448Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,778Total interest income
  • $4,070Total interest expense
  • $7,708Net interest income
  • $1,210Provision for loan and lease losses
  • $1,939Total noninterest income
  • $0Fiduciary activities
  • $1,026Service charges on deposit accounts
  • $0Trading account gains & fees
  • $913Additional noninterest income
  • $9,083Total noninterest expense
  • $4,717Salaries and employee benefits
  • $1,686Premises and equipment expense
  • $2,680Additional noninterest expense
  • -$646Pre-tax net operating income
  • $156Securities gains (losses)
  • $0Applicable income taxes
  • -$490Income before extraordinary items
  • $0Extraordinary gains - net
  • -$490Net income attributable to bank
  • $0Net charge-offs
  • -$490Cash dividends
  • $1,564Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 2.94%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 3.46%Noninterest expense to earning assets
  • -0.23%Net operating income to assets
  • -0.17%Return on assets (ROA)
  • -0.17%Pretax return on assets
  • -2.36%Return on equity (ROE)
  • -2.36%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 77.37%Credit loss provision to net charge-offs
  • 0.36%Efficiency ratio
  • 94,154Assets per employee
  • 2.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 52.20%Noncurrent assets plus other real estate owned to assets
  • 4.53%Noncurrent loans to loans
  • 3.97%Net loans and leases to deposits
  • 77.36%Net loans and leases to core deposits
  • 92.95%Equity capital to assets
  • 7.45%Core capital (leverage) ratio
  • 7.08%Tier 1 risk-based capital ratio
  • 9.84%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $283,521Average earning assets
  • $20,806Average equity
  • $262,431Average loans

List of branches

  • 10 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061931Florida Citizens Bank3919 West Newberry Road, Gainesville, FL 32607December 23, 1998Full Service Brick and Mortar
    1290840Butler Plaza Branch3518 S. W. Archer Road, Gainesville, FL 32608December 20, 1999Full Service Brick and Mortar
    2340755Millhopper Branch2814 N.W. 43rd Street, Gainesville, FL 32601April 10, 2000Full Service Brick and Mortar
    3357992Ocala Branch720 South Pine Street, Ocala, FL 34471Febuary 01, 1999Full Service Brick and Mortar
    4362539Micanopy Branch106 C. N.E. Highway 441, Micanopy, FL 32667August 28, 2001Full Service Brick and Mortar
    5418474Messenger Service Branch3919 West Newberry Road, Gainesville, FL 32607April 05, 1999Limited Service Messenger
    6418475Silver Springs Branch4201 E. Silver Springs Boulevard, Ocala, FL 34470January 28, 2003Full Service Brick and Mortar
    8419070Ocklawaha Branch13489 Southeast County Road 25, Ocklawaha, FL 32179March 24, 2003Full Service Brick and Mortar
    9450385Marion Oaks Branch3201 Sw 143rd Place Road, Ocala, FL 34473March 01, 2006Full Service Retail
    10512605State Road 200 Branch8920 Sw State Road 200, Ocala, FL 34481September 15, 2010Full Service Brick and Mortar

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