Homosassa Springs Bank in Homosassa, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 2008

  • Homosassa Springs Bank in Homosassa, Florida (FL)
  • Show street view No street view available for this location

Homosassa Springs Bank - Overview

  • General
  • FDIC Certificate #: 20317
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BRANNEN BANK (#5676)
    Federal Reserve ID: 790235
    Date Established: December 15, 1970
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 12929
    FDIC's unique #: 13989
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 15, 1970
    Last Structure Change Effective Date: Febuary 01, 2008
    Last Structure Change Process Date: Febuary 28, 2008
    Last Data Update: Febuary 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 4325 South Suncoast Boulevard, Homosassa, FL 34446
    County: Citrus
    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
    Core Based Statistical Area (CBSA): Homosassa Springs, FL (#26140)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $61.1 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, 2007)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $61,114Total assets
  • $1,350Cash and due from depository institutions
  • $157Interest-bearing balances
  • $8,676Securities
  • $103Federal funds sold & reverse repurchase agreements
  • $49,016Net loans & leases
  • $241Loan loss allowance
  • $0Trading account assets
  • $260Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,709All other assets
  • $61,114Total liabilities and capital
  • $56,978Total liabilities
  • $50,914Total deposits
  • $42,564Interest-bearing deposits
  • $50,914Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,000Other borrowed funds
  • $0Subordinated debt
  • $64All other liabilities
  • $4,136Total equity capital
  • $4,136Total bank equity capital
  • $4,136Perpetual preferred stock
  • $0Common stock
  • $326Surplus
  • $3,413Undivided profits
  • Memoranda
  • $397Noncurrent loans and leases
  • $1,753Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $138Earning assets
  • $0Long-term assets (5+ years)
  • $117Average Assets, year-to-date
  • $57,952Average Assets, quarterly
  • $34,687Volatile liabilities
  • $62,159Insider loans
  • $61,582FHLB advances
  • $7,024Loans and leases held for sale
  • $721Unused loan commitments
  • $6,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,753Total unused commitments
  • $0Restructured Loans and leases
  • $241Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $3,466Total interest income
  • $1,238Total interest expense
  • $2,228Net interest income
  • $9Provision for loan and lease losses
  • $460Total noninterest income
  • $0Fiduciary activities
  • $372Service charges on deposit accounts
  • $0Trading account gains & fees
  • $88Additional noninterest income
  • $1,766Total noninterest expense
  • $742Salaries and employee benefits
  • $97Premises and equipment expense
  • $927Additional noninterest expense
  • $913Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $913Income before extraordinary items
  • $0Extraordinary gains - net
  • $913Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $930Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.89%Yield on earning assets
  • 2.11%Cost of funding earning assets
  • 3.79%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.47%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 22.59%Return on equity (ROE)
  • -0.42%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
  • 65,699Assets per employee
  • 3.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 101.86%Loss allowance to loans
  • 0.49%Loss allowance to noncurrent loans
  • 174.64%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 96.27%Net loans and leases to core deposits
  • 111.68%Equity capital to assets
  • 6.77%Core capital (leverage) ratio
  • 6.42%Tier 1 risk-based capital ratio
  • 12.29%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $62,159Average earning assets
  • $4,042Average equity
  • $58,807Average loans

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