Putnam State Bank in Palatka, Florida (FL)



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Putnam State Bank routing number info

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Putnam State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)42
Total assets$171,592
Cash and due from depository institutions$23,979
Interest-bearing balances$19,066
Securities$18,333
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$109,433
Loan loss allowance $5,654
Trading account assets$0
Bank premises and fixed assets$3,765
Other real estate owned$14,476
Goodwill and other intangibles$0
All other assets$1,606
Life insurance assets$171,592
Total liabilities and capital$167,852
Total liabilities$160,128
Total deposits$145,935
Interest-bearing deposits$160,128
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$7,000
Other borrowed funds $0
Subordinated debt $724
All other liabilities $3,740
Total equity capital$3,740
Total bank equity capital$3,740
Perpetual preferred stock$0
Common stock$1,784
Surplus$17,461
Undivided profits $-15,505
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 $16,931
Earning assets $0
Long-term assets (5+ years) $412
Average Assets, year-to-date $146,832
Average Assets, quarterly $25,458
Volatile liabilities $177,390
Insider loans $174,487
FHLB advances $133,023
Loans and leases held for sale $173,951
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,665
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,344
Derivatives$3,885
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,410
Total interest expense $1,696
Net interest income $5,714
Provision for loan and lease losses $2,098
Total noninterest income -$1,147
Fiduciary activities $0
Service charges on deposit accounts $458
Trading account gains & fees $0
Additional noninterest income -$1,605
Total noninterest expense $6,476
Salaries and employee benefits $2,276
Premises and equipment expense $820
Additional noninterest expense $3,380
Pre-tax net operating income -$4,007
Securities gains (losses) $482
Applicable income taxes $0
Income before extraordinary items -$3,525
Extraordinary gains - net $0
Net income attributable to bank -$3,525
Net charge-offs $0
Cash dividends -$3,525
Sale, conversion, retirement of capital stock, net $3,356
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 assets4.89%
Cost of funding earning assets 1.12%
Net interest margin 3.77%
Noninterest income to earning assets -0.76%
Noninterest expense to earning assets 4.27%
Net operating income to assets -2.26%
Return on assets (ROA) -1.99%
Pretax return on assets -1.99%
Return on equity (ROE) -57.98%
Retained earnings to average equity (YTD only) -57.98%
Net charge-offs to loans 2.85%
Credit loss provision to net charge-offs 62.51%
Efficiency ratio-0.57%
Assets per employee$141,800
Cash dividends to net income (YTD only)4.09%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.91%
Noncurrent assets plus other real estate owned to assets 33.39%
Noncurrent loans to loans 18.30%
Net loans and leases to deposits14.71%
Net loans and leases to core deposits 68.34%
Equity capital to assets 70.05%
Core capital (leverage) ratio 2.18%
Tier 1 risk-based capital ratio 2.11%
Total risk-based capital ratio 2.76%
Memoranda
Average assets$4
Average earning assets$177,390
Average equity $6,080
Average loans $151,532
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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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