Sunshine State Federal Savings and Loan Association in Plant City, Florida (FL)



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Sunshine State Federal Savings and Loan Association
GeneralFDIC Certificate #: 30750
Status: Active
Federal Reserve ID: 432478
Date Established: November 26, 1954
WWW: http://www.sunshinestatefederal.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 5852
FDIC's unique #: 43584
Numeric code: 38
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: Commercial Lending Specialization
Date of Deposit Insurance: November 26, 1954
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
LocationAddress: 102 W Baker St, Plant City, FL 33563
County: Hillsborough
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): Tampa-St. Petersburg-Clearwater, FL (#8280)
Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $198.3 mil
Equity capital: $26.4 mil
Deposits held in domestic offices: $169.4 mil
Return on assets (ROA): 0.27% ($0.5 mil)
Quarterly return on assets: 0.48% ($1.0 mil)
Return on Equity (ROE): 2.09% ($0.5 mil)
Quarterly return on equity: 3.65% ($0.9 mil)
Net income: $0.5 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.44% ($872.4 mil)
Quarterly Pretax return on assets: 0.76% ($1,506.8 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)65
Total assets$198,269
Cash and due from depository institutions$30,828
Interest-bearing balances$7,278
Securities$25,331
Federal funds sold & reverse repurchase agreements$500
Net loans & leases$125,784
Loan loss allowance $3,414
Trading account assets$0
Bank premises and fixed assets$6,505
Other real estate owned$2,434
Goodwill and other intangibles$0
All other assets$6,887
Life insurance assets$198,269
Total liabilities and capital$171,821
Total liabilities$169,421
Total deposits$148,848
Interest-bearing deposits$169,421
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,400
All other liabilities $26,448
Total equity capital$26,448
Total bank equity capital$26,448
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $26,448
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 $2,224
Earning assets $0
Long-term assets (5+ years) $636
Average Assets, year-to-date $158,893
Average Assets, quarterly $0
Volatile liabilities $201,804
Insider loans $199,110
FHLB advances $108,424
Loans and leases held for sale $197,559
Unused loan commitments $3,841
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $25,738
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,583
Derivatives$1,365
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,906
Total interest expense $996
Net interest income $6,910
Provision for loan and lease losses $153
Total noninterest income $1,121
Fiduciary activities $0
Service charges on deposit accounts $192
Trading account gains & fees $0
Additional noninterest income $929
Total noninterest expense $6,987
Salaries and employee benefits $4,002
Premises and equipment expense $1,392
Additional noninterest expense $1,593
Pre-tax net operating income $891
Securities gains (losses) $0
Applicable income taxes $345
Income before extraordinary items $546
Extraordinary gains - net $0
Net income attributable to bank $546
Net charge-offs $0
Cash dividends $546
Sale, conversion, retirement of capital stock, net -$1,248
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 assets4.52%
Cost of funding earning assets 0.57%
Net interest margin 3.95%
Noninterest income to earning assets 0.64%
Noninterest expense to earning assets 3.99%
Net operating income to assets 0.27%
Return on assets (ROA) 0.27%
Pretax return on assets 0.44%
Return on equity (ROE) 2.09%
Retained earnings to average equity (YTD only) 2.09%
Net charge-offs to loans -0.92%
Credit loss provision to net charge-offs -12.26%
Efficiency ratio0.00%
Assets per employee$87,000
Cash dividends to net income (YTD only)3.05%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.64%
Noncurrent assets plus other real estate owned to assets 153.51%
Noncurrent loans to loans 2.35%
Net loans and leases to deposits1.72%
Net loans and leases to core deposits 74.24%
Equity capital to assets 76.33%
Core capital (leverage) ratio 13.34%
Tier 1 risk-based capital ratio 13.03%
Total risk-based capital ratio 23.74%
Memoranda
Average assets$25
Average earning assets$201,804
Average equity $26,123
Average loans $174,967
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5 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043584Sunshine State Federal Savings And L102 W Baker St, Plant City, FL 33563November 26, 1954Full Service Brick and Mortar
1281912Brandon Branch420 West Brandon Boulevard, Brandon, FL 33511November 26, 1954Full Service Brick and Mortar
2281913Riverview Branch7459 U.S. Highway 301 South, Riverview, FL 33569November 26, 1954Full Service Brick and Mortar
4281914Zephyrhills Branch36450 Eiland Boulevard, Zephyrhills, FL 33541November 26, 1954Full Service Brick and Mortar
102281916Walden Woods Branch2400 Jim Redman Parkway, Plant City, FL 33566November 26, 1954Full Service Brick and Mortar
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