Public Bank in Saint Cloud, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 15, 2007

  • Public Bank in Saint Cloud, Florida (FL)
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Public Bank - Overview

  • General
  • FDIC Certificate #: 23410
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Florida Choice Bank (#34954)
    Federal Reserve ID: 881339
    Date Established: May 05, 1981
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 15995
    FDIC's unique #: 16411
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 05, 1981
    Last Structure Change Effective Date: June 15, 2007
    Last Structure Change Process Date: July 02, 2007
    Last Data Update: July 02, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2500 13th Street, Saint Cloud, FL 34769
    County: Osceola
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • Financial Summary
  • Total assets: $431.9 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, 2006)

  • Dollar figures in thousands
  • 112Total employees (full-time equivalent)
  • $424,008Total assets
  • $11,271Cash and due from depository institutions
  • $261Interest-bearing balances
  • $71,924Securities
  • $3,200Federal funds sold & reverse repurchase agreements
  • $316,413Net loans & leases
  • $3,889Loan loss allowance
  • $0Trading account assets
  • $10,579Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $3,812Life insurance assets
  • $10,621All other assets
  • $424,008Total liabilities and capital
  • $389,253Total liabilities
  • $320,081Total deposits
  • $276,257Interest-bearing deposits
  • $320,081Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $23,605Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $42,000Other borrowed funds
  • $0Subordinated debt
  • $3,567All other liabilities
  • $34,755Total equity capital
  • $34,755Total bank equity capital
  • $34,755Perpetual preferred stock
  • $0Common stock
  • $1,158Surplus
  • $4,540Undivided profits
  • Memoranda
  • $29,057Noncurrent loans and leases
  • $88,651Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $292Earning assets
  • $0Long-term assets (5+ years)
  • $2,014Average Assets, year-to-date
  • $391,798Average Assets, quarterly
  • $74,098Volatile liabilities
  • $404,797Insider loans
  • $420,511FHLB advances
  • $115,626Loans and leases held for sale
  • $1,033Unused loan commitments
  • $42,000Tier 1 (core) risk-based capital
  • $1,324Tier 2 risk-based capital
  • $1,145Total risk weighted assets
  • $88,651Total unused commitments
  • $0Restructured Loans and leases
  • $3,889Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $27,241Total interest income
  • $10,962Total interest expense
  • $16,279Net interest income
  • $160Provision for loan and lease losses
  • $2,574Total noninterest income
  • $0Fiduciary activities
  • $1,261Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,313Additional noninterest income
  • $8,340Total noninterest expense
  • $5,191Salaries and employee benefits
  • $1,199Premises and equipment expense
  • $1,950Additional noninterest expense
  • $10,353Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,876Applicable income taxes
  • $6,477Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,477Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$11Sale, conversion, retirement of capital stock, net
  • $3,100Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.30%Yield on earning assets
  • 2.94%Cost of funding earning assets
  • 4.36%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 2.23%Noninterest expense to earning assets
  • 1.60%Net operating income to assets
  • 1.60%Return on assets (ROA)
  • 2.56%Pretax return on assets
  • 19.75%Return on equity (ROE)
  • 10.30%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -1454.55%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 44,237Assets per employee
  • 3.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.86%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 1331.85%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 98.85%Net loans and leases to core deposits
  • 125.03%Equity capital to assets
  • 8.20%Core capital (leverage) ratio
  • 8.52%Tier 1 risk-based capital ratio
  • 10.52%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $404,797Average earning assets
  • $32,792Average equity
  • $373,193Average loans

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