Lafayette State Bank in Mayo, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Lafayette State Bank - Overview

  • General
  • FDIC Certificate #: 16396
    Status: Active
    Federal Reserve ID: 535931
    Date Established: April 02, 1946
    WWW: http://www.lafayettestatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 10574
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: April 02, 1946
    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: Main And Lafayette Streets, Mayo, FL 32066
    County: Lafayette
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $90.9 mil
    Equity capital: $9.2 mil
    Deposits held in domestic offices: $79.0 mil
    Return on assets (ROA): 0.80% ($0.7 mil)
    Quarterly return on assets: -0.17% (-$0.2 mil)
    Return on Equity (ROE): 7.96% ($0.7 mil)
    Quarterly return on equity: -1.66% (-$0.1 mil)
    Net income: $0.7 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 1.18% ($1,072.7 mil)
    Quarterly Pretax return on assets: 0.65% ($590.9 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
  • 32Total employees (full-time equivalent)
  • $90,910Total assets
  • $3,681Cash and due from depository institutions
  • $132Interest-bearing balances
  • $3,628Securities
  • $4,160Federal funds sold & reverse repurchase agreements
  • $68,732Net loans & leases
  • $549Loan loss allowance
  • $0Trading account assets
  • $4,848Bank premises and fixed assets
  • $2,107Other real estate owned
  • $0Goodwill and other intangibles
  • $90,910Life insurance assets
  • $3,754All other assets
  • $81,751Total liabilities and capital
  • $78,975Total liabilities
  • $65,322Total deposits
  • $78,975Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $1,776Subordinated debt
  • $9,159All other liabilities
  • $9,159Total equity capital
  • $9,159Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $620Surplus
  • $8,489Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,624Income earned, not collected on loans
  • $0Earning assets
  • $604Long-term assets (5+ years)
  • $76,652Average Assets, year-to-date
  • $16,873Average Assets, quarterly
  • $88,221Volatile liabilities
  • $90,598Insider loans
  • $72,959FHLB advances
  • $89,344Loans and leases held for sale
  • $1,888Unused loan commitments
  • $1,888Tier 1 (core) risk-based capital
  • $9,127Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,075Restructured Loans and leases
  • $3,550Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,364Total interest income
  • $676Total interest expense
  • $3,688Net interest income
  • $236Provision for loan and lease losses
  • $939Total noninterest income
  • $0Fiduciary activities
  • $532Service charges on deposit accounts
  • $0Trading account gains & fees
  • $407Additional noninterest income
  • $3,353Total noninterest expense
  • $1,867Salaries and employee benefits
  • $486Premises and equipment expense
  • $1,000Additional noninterest expense
  • $1,038Pre-tax net operating income
  • $0Securities gains (losses)
  • $335Applicable income taxes
  • $703Income before extraordinary items
  • $0Extraordinary gains - net
  • $703Net income attributable to bank
  • $0Net charge-offs
  • $703Cash dividends
  • $270Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.91%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 5.00%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 4.54%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 7.96%Return on equity (ROE)
  • 7.96%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 87.41%Credit loss provision to net charge-offs
  • 4.72%Efficiency ratio
  • 72,466Assets per employee
  • 2.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.79%Loss allowance to noncurrent loans
  • 33.81%Noncurrent assets plus other real estate owned to assets
  • 4.10%Noncurrent loans to loans
  • 2.34%Net loans and leases to deposits
  • 87.03%Net loans and leases to core deposits
  • 110.62%Equity capital to assets
  • 10.07%Core capital (leverage) ratio
  • 10.22%Tier 1 risk-based capital ratio
  • 12.51%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $88,221Average earning assets
  • $8,836Average equity
  • $73,810Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010574Lafayette State BankMain And Lafayette Streets, Mayo, FL 32066April 02, 1946Full Service Brick and Mortar
    1418429Branford Branch103 U S Highway 27 East, Branford, FL 32008July 02, 1998Full Service Brick and Mortar
    2425792Live Oak Branch106 Grand Street, Live Oak, FL 32064Febuary 10, 2004Full Service Brick and Mortar
    3510443Bell Office Branch1119 South Main Street, Bell, FL 32619September 08, 2009Full Service Brick and Mortar

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