Nature Coast Bank in Hernando, Florida (FL)



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Nature Coast Bank
GeneralFDIC Certificate #: 57773
Status: Active
Federal Reserve ID: 3338704
Date Established: March 07, 2005
WWW: http://www.naturecoastbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 424255
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: March 07, 2005
Last Structure Change Effective Date: December 01, 2008
Last Structure Change Process Date: December 04, 2008
Last Data Update: December 04, 2008
Data Source Date: April 05, 2012
LocationAddress: 2455 North Citrus Hills Boulevard, Hernando, FL 34442
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 SummaryTotal assets: $58.6 mil
Equity capital: $7.4 mil
Deposits held in domestic offices: $51.1 mil
Return on assets (ROA): 0.03% ($0.0 mil)
Quarterly return on assets: 0.14% ($0.1 mil)
Return on Equity (ROE): 0.25% ($0.0 mil)
Quarterly return on equity: 1.08% ($0.1 mil)
Net income: $0.0 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.05% ($29.3 mil)
Quarterly Pretax return on assets: 0.22% ($129.0 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)16
Total assets$58,625
Cash and due from depository institutions$5,019
Interest-bearing balances$4,160
Securities$4,653
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$42,326
Loan loss allowance $741
Trading account assets$0
Bank premises and fixed assets$3,043
Other real estate owned$1,603
Goodwill and other intangibles$0
All other assets$1,981
Life insurance assets$58,625
Total liabilities and capital$51,226
Total liabilities$51,061
Total deposits$45,866
Interest-bearing deposits$51,061
Deposits held in domestic offices$98
% insured (estimated)108.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $57
All other liabilities $7,399
Total equity capital$7,399
Total bank equity capital$7,399
Perpetual preferred stock$0
Common stock$1,115
Surplus$8,974
Undivided profits $-2,690
Memoranda
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 $405
Earning assets $0
Long-term assets (5+ years) $151
Average Assets, year-to-date $51,139
Average Assets, quarterly $7,487
Volatile liabilities $57,623
Insider loans $59,042
FHLB advances $49,132
Loans and leases held for sale $58,326
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,733
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,050
Derivatives$1,249
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,537
Total interest expense $681
Net interest income $1,856
Provision for loan and lease losses $65
Total noninterest income $6
Fiduciary activities $0
Service charges on deposit accounts $33
Trading account gains & fees $0
Additional noninterest income -$27
Total noninterest expense $1,768
Salaries and employee benefits $871
Premises and equipment expense $272
Additional noninterest expense $625
Pre-tax net operating income $29
Securities gains (losses) $0
Applicable income taxes $11
Income before extraordinary items $18
Extraordinary gains - net $0
Net income attributable to bank $18
Net charge-offs $0
Cash dividends $18
Sale, conversion, retirement of capital stock, net -$50
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 assets5.06%
Cost of funding earning assets 1.36%
Net interest margin 3.70%
Noninterest income to earning assets 0.01%
Noninterest expense to earning assets 3.52%
Net operating income to assets 0.03%
Return on assets (ROA) 0.03%
Pretax return on assets 0.05%
Return on equity (ROE) 0.25%
Retained earnings to average equity (YTD only) 0.25%
Net charge-offs to loans -0.11%
Credit loss provision to net charge-offs -130.00%
Efficiency ratio0.00%
Assets per employee$94,952
Cash dividends to net income (YTD only)3.66%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.72%
Noncurrent assets plus other real estate owned to assets 182.96%
Noncurrent loans to loans 3.43%
Net loans and leases to deposits0.94%
Net loans and leases to core deposits 82.89%
Equity capital to assets 103.34%
Core capital (leverage) ratio 12.62%
Tier 1 risk-based capital ratio 9.83%
Total risk-based capital ratio 11.67%
Memoranda
Average assets$13
Average earning assets$57,623
Average equity $7,159
Average loans $50,175
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2 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0424255Nature Coast Bank2455 North Citrus Hills Boulevard, Hernando, FL 34442March 07, 2005Full Service Brick and Mortar
2526142Crystal River Branch01160 N. Suncoast Blvd, Crystal River, FL 34429October 03, 2011Full Service Brick and Mortar
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