Sunshine Savings Bank in Tallahassee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Sunshine Savings Bank in Tallahassee, Florida (FL)
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Sunshine Savings Bank - Overview

  • General
  • FDIC Certificate #: 58452
    Status: Active
    Federal Reserve ID: 284190
    Date Established: July 01, 2007
    WWW: http://www.sunshinesavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 17971
    FDIC's unique #: 452059
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: July 01, 2007
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1400 East Park Avenue, Tallahassee, FL 32301
    County: Leon
    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): Tallahassee, FL (#8240)
    Core Based Statistical Area (CBSA): Tallahassee, FL (#45220)
    CBSA Metro Statistical Area: Tallahassee, FL (#45220)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $145.5 mil
    Equity capital: $20.8 mil
    Deposits held in domestic offices: $124.4 mil
    Return on assets (ROA): 0.03% ($0.0 mil)
    Quarterly return on assets: -0.09% (-$0.1 mil)
    Return on Equity (ROE): 0.23% ($0.0 mil)
    Quarterly return on equity: -0.63% (-$0.1 mil)
    Net income: $0.0 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.05% ($72.8 mil)
    Quarterly Pretax return on assets: -0.15% (-$218.3 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
  • 62Total employees (full-time equivalent)
  • $145,506Total assets
  • $8,053Cash and due from depository institutions
  • $6,835Interest-bearing balances
  • $9,835Securities
  • $16,456Federal funds sold & reverse repurchase agreements
  • $102,397Net loans & leases
  • $729Loan loss allowance
  • $0Trading account assets
  • $3,440Bank premises and fixed assets
  • $743Other real estate owned
  • $183Goodwill and other intangibles
  • $145,506Life insurance assets
  • $4,399All other assets
  • $124,675Total liabilities and capital
  • $124,364Total liabilities
  • $102,501Total deposits
  • $124,364Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $311Subordinated debt
  • $20,831All other liabilities
  • $20,831Total equity capital
  • $20,831Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $5,750Surplus
  • $15,080Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,515Income earned, not collected on loans
  • $0Earning assets
  • $451Long-term assets (5+ years)
  • $135,523Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $150,193Volatile liabilities
  • $145,451Insider loans
  • $87,826FHLB advances
  • $143,260Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,585Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,162Restructured Loans and leases
  • $100Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,909Total interest income
  • $966Total interest expense
  • $5,943Net interest income
  • $1,057Provision for loan and lease losses
  • $2,369Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,369Additional noninterest income
  • $7,187Total noninterest expense
  • $3,478Salaries and employee benefits
  • $1,062Premises and equipment expense
  • $2,647Additional noninterest expense
  • $68Pre-tax net operating income
  • $0Securities gains (losses)
  • $26Applicable income taxes
  • $42Income before extraordinary items
  • $0Extraordinary gains - net
  • $42Net income attributable to bank
  • $0Net charge-offs
  • $42Cash dividends
  • $1,230Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 4.25%Net interest margin
  • 1.69%Noninterest income to earning assets
  • 5.14%Noninterest expense to earning assets
  • 0.03%Net operating income to assets
  • 0.03%Return on assets (ROA)
  • 0.05%Pretax return on assets
  • 0.23%Return on equity (ROE)
  • 0.23%Retained earnings to average equity (YTD only)
  • 1.10%Net charge-offs to loans
  • 85.93%Credit loss provision to net charge-offs
  • 0.91%Efficiency ratio
  • 86,261Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.71%Loss allowance to noncurrent loans
  • 16.15%Noncurrent assets plus other real estate owned to assets
  • 3.61%Noncurrent loans to loans
  • 4.38%Net loans and leases to deposits
  • 82.34%Net loans and leases to core deposits
  • 82.34%Equity capital to assets
  • 14.32%Core capital (leverage) ratio
  • 12.97%Tier 1 risk-based capital ratio
  • 21.16%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $150,193Average earning assets
  • $18,527Average equity
  • $139,811Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0452059Sunshine Savings Bank1400 East Park Avenue, Tallahassee, FL 32301July 01, 2007Full Service Brick and Mortar
    1492599Tallahassee Branch3266 Mahan Drive, Tallahassee, FL 32308June 30, 2008Full Service Brick and Mortar
    3492601Thomasville Road Branch3534 A Thomasville Road, Tallahassee, FL 32309June 30, 2008Full Service Brick and Mortar
    4492602Publix Lake Ella Plaza Branch1700 North Monroe Street #10, Tallahassee, FL 32301June 30, 2008Full Service Brick and Mortar

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