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

This bank is inactive as of June 01, 2010

  • Tallahassee State Bank in Tallahassee, Florida (FL)
  • Show street view No street view available for this location

Tallahassee State Bank - Overview

  • General
  • FDIC Certificate #: 21866
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#873)
    Federal Reserve ID: 149235
    Date Established: December 20, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 15151
    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: December 20, 1974
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 15, 2010
    Last Data Update: June 15, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2720 West Tennessee Street, Tallahassee, FL 32304
    County: Leon
    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
    Metropolitan Statistical Area (MSA): Tallahassee, FL (#8240)
    Core Based Statistical Area (CBSA): Tallahassee, FL (#45220)
    CBSA Metro Statistical Area: Tallahassee, FL (#45220)
  • Financial Summary
  • Total assets: $359.8 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, 2009)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $344,530Total assets
  • $3,923Cash and due from depository institutions
  • $3Interest-bearing balances
  • $8,445Securities
  • $29,516Federal funds sold & reverse repurchase agreements
  • $281,420Net loans & leases
  • $7,898Loan loss allowance
  • $0Trading account assets
  • $7,189Bank premises and fixed assets
  • $339Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $13,698All other assets
  • $344,530Total liabilities and capital
  • $315,236Total liabilities
  • $314,393Total deposits
  • $278,293Interest-bearing deposits
  • $314,393Deposits held in domestic offices
  • 82.25%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $843All other liabilities
  • $29,294Total equity capital
  • $29,294Total bank equity capital
  • $29,294Perpetual preferred stock
  • $0Common stock
  • $540Surplus
  • $26,092Undivided profits
  • Memoranda
  • $2,662Noncurrent loans and leases
  • $33,369Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,136Earning assets
  • $0Long-term assets (5+ years)
  • $1,168Average Assets, year-to-date
  • $319,384Average Assets, quarterly
  • $112,983Volatile liabilities
  • $350,575Insider loans
  • $350,783FHLB advances
  • $72,461Loans and leases held for sale
  • $10,161Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $33,369Total unused commitments
  • $0Restructured Loans and leases
  • $3,917Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $17,074Total interest income
  • $5,354Total interest expense
  • $11,720Net interest income
  • $31,075Provision for loan and lease losses
  • $1,304Total noninterest income
  • $0Fiduciary activities
  • $1,212Service charges on deposit accounts
  • $0Trading account gains & fees
  • $92Additional noninterest income
  • $6,077Total noninterest expense
  • $2,397Salaries and employee benefits
  • $704Premises and equipment expense
  • $2,976Additional noninterest expense
  • -$24,128Pre-tax net operating income
  • $0Securities gains (losses)
  • -$5,897Applicable income taxes
  • -$18,231Income before extraordinary items
  • $0Extraordinary gains - net
  • -$18,231Net income attributable to bank
  • $0Net charge-offs
  • -$18,231Cash dividends
  • $32,263Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 1.62%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 1.84%Noninterest expense to earning assets
  • -5.20%Net operating income to assets
  • -5.20%Return on assets (ROA)
  • -6.88%Pretax return on assets
  • -60.09%Return on equity (ROE)
  • -60.09%Retained earnings to average equity (YTD only)
  • 10.11%Net charge-offs to loans
  • 96.32%Credit loss provision to net charge-offs
  • 0.22%Efficiency ratio
  • 46,660Assets per employee
  • 10.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.73%Loss allowance to noncurrent loans
  • 86.45%Noncurrent assets plus other real estate owned to assets
  • 2.75%Noncurrent loans to loans
  • 3.16%Net loans and leases to deposits
  • 89.51%Net loans and leases to core deposits
  • 116.32%Equity capital to assets
  • 8.50%Core capital (leverage) ratio
  • 8.16%Tier 1 risk-based capital ratio
  • 9.24%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $350,575Average earning assets
  • $30,339Average equity
  • $330,023Average loans

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