Peoples State Bank in Lake City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Peoples State Bank - Overview

  • General
  • FDIC Certificate #: 34702
    Status: Active
    Federal Reserve ID: 2650333
    Bank Holding Company (Regulatory Top Holder): Psb Bancgroup, Inc. (RSSDID: 2650324, Location: Lake City, FL)
    Date Established: April 28, 1999
    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 #: 61305
    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: April 28, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: September 30, 2010
    Last Data Update: September 30, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 350 Sw Main Boulevard, Lake City, FL 32025
    County: Columbia
    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): Lake City, FL (#29380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $73.6 mil
    Equity capital: $6.8 mil
    Deposits held in domestic offices: $64.0 mil
    Return on assets (ROA): -1.16% (-$0.9 mil)
    Quarterly return on assets: -1.27% (-$0.9 mil)
    Return on Equity (ROE): -12.04% (-$0.8 mil)
    Quarterly return on equity: -13.57% (-$0.9 mil)
    Net income: -$0.9 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -1.87% (-$1,375.9 mil)
    Quarterly Pretax return on assets: -2.04% (-$1,501.0 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
  • 19Total employees (full-time equivalent)
  • $73,579Total assets
  • $8,800Cash and due from depository institutions
  • $7,653Interest-bearing balances
  • $5,888Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $52,428Net loans & leases
  • $1,371Loan loss allowance
  • $0Trading account assets
  • $3,087Bank premises and fixed assets
  • $1,538Other real estate owned
  • $0Goodwill and other intangibles
  • $73,579Life insurance assets
  • $1,838All other assets
  • $66,780Total liabilities and capital
  • $64,035Total liabilities
  • $57,172Total deposits
  • $64,035Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $245Subordinated debt
  • $6,799All other liabilities
  • $6,799Total equity capital
  • $6,799Total bank equity capital
  • $0Perpetual preferred stock
  • $2,100Common stock
  • $3,800Surplus
  • $899Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,124Income earned, not collected on loans
  • $0Earning assets
  • $232Long-term assets (5+ years)
  • $65,969Average Assets, year-to-date
  • $8,746Average Assets, quarterly
  • $75,591Volatile liabilities
  • $74,167Insider loans
  • $54,624FHLB advances
  • $73,455Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,108Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,912Restructured Loans and leases
  • $1,218Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,576Total interest income
  • $958Total interest expense
  • $2,618Net interest income
  • $1,610Provision for loan and lease losses
  • $459Total noninterest income
  • $0Fiduciary activities
  • $170Service charges on deposit accounts
  • $0Trading account gains & fees
  • $289Additional noninterest income
  • $2,836Total noninterest expense
  • $1,061Salaries and employee benefits
  • $288Premises and equipment expense
  • $1,487Additional noninterest expense
  • -$1,369Pre-tax net operating income
  • -$42Securities gains (losses)
  • -$535Applicable income taxes
  • -$876Income before extraordinary items
  • $0Extraordinary gains - net
  • -$876Net income attributable to bank
  • $0Net charge-offs
  • -$876Cash dividends
  • $1,184Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.26%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 4.17%Noninterest expense to earning assets
  • -1.12%Net operating income to assets
  • -1.16%Return on assets (ROA)
  • -1.87%Pretax return on assets
  • -12.04%Return on equity (ROE)
  • -12.04%Retained earnings to average equity (YTD only)
  • 2.10%Net charge-offs to loans
  • 135.98%Credit loss provision to net charge-offs
  • 0.20%Efficiency ratio
  • 92,168Assets per employee
  • 3.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.55%Loss allowance to noncurrent loans
  • 43.89%Noncurrent assets plus other real estate owned to assets
  • 6.34%Noncurrent loans to loans
  • 5.81%Net loans and leases to deposits
  • 81.87%Net loans and leases to core deposits
  • 85.58%Equity capital to assets
  • 9.24%Core capital (leverage) ratio
  • 8.32%Tier 1 risk-based capital ratio
  • 11.18%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $75,591Average earning assets
  • $7,278Average equity
  • $68,039Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061305Peoples State Bank350 Sw Main Boulevard, Lake City, FL 32025April 28, 1999Full Service Brick and Mortar
    1462025West Office Branch3882 West Us Highway 90, Lake City, FL 32055Febuary 20, 2007Full Service Brick and Mortar

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