Mainstreet Community Bank of Florida in Deland, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Mainstreet Community Bank of Florida - Overview

  • General
  • FDIC Certificate #: 57598
    Status: Active
    Federal Reserve ID: 3217957
    Date Established: October 24, 2003
    WWW: http://www.mainstreetcbf.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 #: 366287
    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: October 24, 2003
    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: 204 South Woodland Boulevard, Deland, FL 32720
    County: Volusia
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Daytona Beach, FL (#2020)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660)
    CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $205.4 mil
    Equity capital: $18.4 mil
    Deposits held in domestic offices: $181.3 mil
    Return on assets (ROA): 0.42% ($0.9 mil)
    Quarterly return on assets: 0.50% ($1.0 mil)
    Return on Equity (ROE): 4.52% ($0.8 mil)
    Quarterly return on equity: 5.48% ($1.0 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.42% ($862.7 mil)
    Quarterly Pretax return on assets: 0.50% ($1,027.1 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
  • 51Total employees (full-time equivalent)
  • $205,412Total assets
  • $8,445Cash and due from depository institutions
  • $3,598Interest-bearing balances
  • $31,447Securities
  • $4,779Federal funds sold & reverse repurchase agreements
  • $144,586Net loans & leases
  • $4,375Loan loss allowance
  • $0Trading account assets
  • $8,543Bank premises and fixed assets
  • $2,621Other real estate owned
  • $52Goodwill and other intangibles
  • $205,412Life insurance assets
  • $4,939All other assets
  • $187,008Total liabilities and capital
  • $181,296Total liabilities
  • $146,917Total deposits
  • $181,296Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $712Subordinated debt
  • $18,404All other liabilities
  • $18,404Total equity capital
  • $18,404Total bank equity capital
  • $0Perpetual preferred stock
  • $9,843Common stock
  • $13,240Surplus
  • $-4,679Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,702Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,994Income earned, not collected on loans
  • $0Earning assets
  • $645Long-term assets (5+ years)
  • $184,410Average Assets, year-to-date
  • $44,184Average Assets, quarterly
  • $192,822Volatile liabilities
  • $201,671Insider loans
  • $175,789FHLB advances
  • $199,977Loans and leases held for sale
  • $2,961Unused loan commitments
  • $2,961Tier 1 (core) risk-based capital
  • $18,190Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,729Restructured Loans and leases
  • $3,708Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,224Total interest income
  • $1,698Total interest expense
  • $7,526Net interest income
  • $1,459Provision for loan and lease losses
  • $958Total noninterest income
  • $0Fiduciary activities
  • $264Service charges on deposit accounts
  • $0Trading account gains & fees
  • $694Additional noninterest income
  • $6,328Total noninterest expense
  • $3,239Salaries and employee benefits
  • $990Premises and equipment expense
  • $2,099Additional noninterest expense
  • $697Pre-tax net operating income
  • $105Securities gains (losses)
  • $0Applicable income taxes
  • $802Income before extraordinary items
  • $0Extraordinary gains - net
  • $802Net income attributable to bank
  • $0Net charge-offs
  • $802Cash dividends
  • $1,339Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.31%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 4.33%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 4.52%Return on equity (ROE)
  • 4.52%Retained earnings to average equity (YTD only)
  • 0.94%Net charge-offs to loans
  • 108.96%Credit loss provision to net charge-offs
  • 1.61%Efficiency ratio
  • 74,587Assets per employee
  • 4.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.94%Loss allowance to noncurrent loans
  • 109.54%Noncurrent assets plus other real estate owned to assets
  • 3.22%Noncurrent loans to loans
  • 2.68%Net loans and leases to deposits
  • 79.75%Net loans and leases to core deposits
  • 90.68%Equity capital to assets
  • 8.96%Core capital (leverage) ratio
  • 9.10%Tier 1 risk-based capital ratio
  • 10.35%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $192,822Average earning assets
  • $17,736Average equity
  • $173,634Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0366287Mainstreet Community Bank Of Florida204 South Woodland Boulevard, Deland, FL 32720October 24, 2003Full Service Brick and Mortar
    3452976Orange City Office Branch850 South Volusia Ave, Orange City, FL 32763April 03, 2006Full Service Brick and Mortar
    4458013North Spring Garden Branch1500 North Spring Garden Avenue, Deland, FL 32720January 16, 2007Full Service Brick and Mortar
    6521519John Knox Village Branch101 Northlake Drive, Orange City, FL 32763October 04, 2010Limited Service Facility

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