Putnam State Bank in Palatka, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Putnam State Bank - Overview

  • General
  • FDIC Certificate #: 27405
    Status: Active
    Federal Reserve ID: 1356115
    Bank Holding Company (Regulatory Top Holder): Neighborhood Bank Corporation (RSSDID: 3347247, Location: Palatka, FL)
    Date Established: December 29, 1988
    WWW: http://www.putnamstatebank.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 #: 39874
    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: December 29, 1988
    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: 350 State Road 19, North, Palatka, FL 32177
    County: Putnam
    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): Palatka, FL (#37260)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $171.6 mil
    Equity capital: $3.7 mil
    Deposits held in domestic offices: $160.1 mil
    Return on assets (ROA): -1.99% (-$3.4 mil)
    Quarterly return on assets: -5.58% (-$9.6 mil)
    Return on Equity (ROE): -57.98% (-$2.3 mil)
    Quarterly return on equity: -186.22% (-$7.4 mil)
    Net income: -$3.5 mil
    Quarterly Net income: -$2.4 mil
    Pretax return on assets: -1.99% (-$3,414.7 mil)
    Quarterly Pretax return on assets: -5.58% (-$9,574.8 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, 2011)

  • Dollar figures in thousands
  • 42Total employees (full-time equivalent)
  • $171,592Total assets
  • $23,979Cash and due from depository institutions
  • $19,066Interest-bearing balances
  • $18,333Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $109,433Net loans & leases
  • $5,654Loan loss allowance
  • $0Trading account assets
  • $3,765Bank premises and fixed assets
  • $14,476Other real estate owned
  • $0Goodwill and other intangibles
  • $171,592Life insurance assets
  • $1,606All other assets
  • $167,852Total liabilities and capital
  • $160,128Total liabilities
  • $145,935Total deposits
  • $160,128Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $724Subordinated debt
  • $3,740All other liabilities
  • $3,740Total equity capital
  • $3,740Total bank equity capital
  • $0Perpetual preferred stock
  • $1,784Common stock
  • $17,461Surplus
  • $-15,505Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,931Income earned, not collected on loans
  • $0Earning assets
  • $412Long-term assets (5+ years)
  • $146,832Average Assets, year-to-date
  • $25,458Average Assets, quarterly
  • $177,390Volatile liabilities
  • $174,487Insider loans
  • $133,023FHLB advances
  • $173,951Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,665Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,344Restructured Loans and leases
  • $3,885Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,410Total interest income
  • $1,696Total interest expense
  • $5,714Net interest income
  • $2,098Provision for loan and lease losses
  • -$1,147Total noninterest income
  • $0Fiduciary activities
  • $458Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,605Additional noninterest income
  • $6,476Total noninterest expense
  • $2,276Salaries and employee benefits
  • $820Premises and equipment expense
  • $3,380Additional noninterest expense
  • -$4,007Pre-tax net operating income
  • $482Securities gains (losses)
  • $0Applicable income taxes
  • -$3,525Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,525Net income attributable to bank
  • $0Net charge-offs
  • -$3,525Cash dividends
  • $3,356Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 3.77%Net interest margin
  • -0.76%Noninterest income to earning assets
  • 4.27%Noninterest expense to earning assets
  • -2.26%Net operating income to assets
  • -1.99%Return on assets (ROA)
  • -1.99%Pretax return on assets
  • -57.98%Return on equity (ROE)
  • -57.98%Retained earnings to average equity (YTD only)
  • 2.85%Net charge-offs to loans
  • 62.51%Credit loss provision to net charge-offs
  • -0.57%Efficiency ratio
  • 141,800Assets per employee
  • 4.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.91%Loss allowance to noncurrent loans
  • 33.39%Noncurrent assets plus other real estate owned to assets
  • 18.30%Noncurrent loans to loans
  • 14.71%Net loans and leases to deposits
  • 68.34%Net loans and leases to core deposits
  • 70.05%Equity capital to assets
  • 2.18%Core capital (leverage) ratio
  • 2.11%Tier 1 risk-based capital ratio
  • 2.76%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $177,390Average earning assets
  • $6,080Average equity
  • $151,532Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039874Putnam State Bank350 State Road 19, North, Palatka, FL 32177December 29, 1988Full Service Brick and Mortar
    1261947St. Augustine Branch2300 Ponce De Leon Boulevard, St. Augustine, FL 32084October 15, 1996Full Service Brick and Mortar
    2362132St. Augustine Branch South3275 U.S. 1 South, Saint Augustine, FL 32086January 02, 2000Full Service Brick and Mortar
    3445168Palm Coast Branch4750 E. Moody Blvd. Ste. 107, Bunnell, FL 32110September 19, 2005Full Service Brick and Mortar

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