Olde Cypress Community Bank in Clewiston, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 2010

  • Olde Cypress Community Bank in Clewiston, Florida (FL)
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Olde Cypress Community Bank - Overview

  • General
  • FDIC Certificate #: 28864
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: CenterState Bank of Florida, National Association (#33555)
    Federal Reserve ID: 1017779
    Date Established: January 01, 1927
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2517
    FDIC's unique #: 41698
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: May 21, 1937
    Last Structure Change Effective Date: July 16, 2010
    Last Structure Change Process Date: July 19, 2010
    Last Data Update: July 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 205 South W C Owen, Clewiston, FL 33440
    County: Hendry
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Clewiston, FL (#17500)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $161.4 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, 2009)

  • Dollar figures in thousands
  • 41Total employees (full-time equivalent)
  • $170,518Total assets
  • $12,312Cash and due from depository institutions
  • $10,490Interest-bearing balances
  • $15,238Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $131,107Net loans & leases
  • $1,854Loan loss allowance
  • $0Trading account assets
  • $5,441Bank premises and fixed assets
  • $4,903Other real estate owned
  • $65Goodwill and other intangibles
  • $307Life insurance assets
  • $1,452All other assets
  • $170,518Total liabilities and capital
  • $163,560Total liabilities
  • $163,054Total deposits
  • $155,862Interest-bearing deposits
  • $163,054Deposits held in domestic offices
  • 100.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $506All other liabilities
  • $6,958Total equity capital
  • $6,958Total bank equity capital
  • $6,958Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $10,415Undivided profits
  • Memoranda
  • $-3,458Noncurrent loans and leases
  • $6,579Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $20,606Earning assets
  • $0Long-term assets (5+ years)
  • $602Average Assets, year-to-date
  • $156,835Average Assets, quarterly
  • $0Volatile liabilities
  • $171,807Insider loans
  • $171,814FHLB advances
  • $58,802Loans and leases held for sale
  • $2,754Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,579Total unused commitments
  • $17,184Restructured Loans and leases
  • $1,456Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $7,864Total interest income
  • $4,096Total interest expense
  • $3,768Net interest income
  • $4,250Provision for loan and lease losses
  • -$1,217Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,217Additional noninterest income
  • $4,824Total noninterest expense
  • $2,283Salaries and employee benefits
  • $1,125Premises and equipment expense
  • $1,416Additional noninterest expense
  • -$6,523Pre-tax net operating income
  • $135Securities gains (losses)
  • $0Applicable income taxes
  • -$6,388Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,388Net income attributable to bank
  • $0Net charge-offs
  • -$6,388Cash dividends
  • $4,222Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 2.60%Cost of funding earning assets
  • 2.40%Net interest margin
  • -0.77%Noninterest income to earning assets
  • 3.07%Noninterest expense to earning assets
  • -3.80%Net operating income to assets
  • -3.72%Return on assets (ROA)
  • -3.72%Pretax return on assets
  • -66.12%Return on equity (ROE)
  • -66.12%Retained earnings to average equity (YTD only)
  • 3.01%Net charge-offs to loans
  • 100.66%Credit loss provision to net charge-offs
  • -0.54%Efficiency ratio
  • 187,064Assets per employee
  • 4.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 9.00%Noncurrent assets plus other real estate owned to assets
  • 14.92%Noncurrent loans to loans
  • 15.50%Net loans and leases to deposits
  • 80.41%Net loans and leases to core deposits
  • 125.76%Equity capital to assets
  • 4.08%Core capital (leverage) ratio
  • 4.01%Tier 1 risk-based capital ratio
  • 5.85%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $171,807Average earning assets
  • $9,662Average equity
  • $157,299Average loans

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