The First State Bank of Arcadia in Arcadia, Florida (FL)

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The First State Bank of Arcadia
GeneralFDIC Certificate #: 21163
Status: Active
Federal Reserve ID: 297631
Bank Holding Company (Regulatory Top Holder): Crews Banking Corporation (RSSDID: 1081239, Location: Wauchula, FL)
Date Established: July 17, 1973
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 14631
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: July 17, 1973
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: 40o North Brevard Avenue, Arcadia, FL 34265
County: Desoto
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
Core Based Statistical Area (CBSA): Arcadia, FL (#11580)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $131.6 mil
Equity capital: $12.3 mil
Deposits held in domestic offices: $113.6 mil
Return on assets (ROA): 0.78% ($1.0 mil)
Quarterly return on assets: 0.38% ($0.5 mil)
Return on Equity (ROE): 8.62% ($1.0 mil)
Quarterly return on equity: 3.92% ($0.5 mil)
Net income: $1.0 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.78% ($1,026.4 mil)
Quarterly Pretax return on assets: 0.38% ($500.1 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)47
Total assets$131,594
Cash and due from depository institutions$17,928
Interest-bearing balances$14,638
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$84,074
Loan loss allowance $2,955
Trading account assets$0
Bank premises and fixed assets$3,501
Other real estate owned$235
Goodwill and other intangibles$0
All other assets$2,206
Life insurance assets$131,594
Total liabilities and capital$119,274
Total liabilities$113,629
Total deposits$88,462
Interest-bearing deposits$113,629
Deposits held in domestic offices$78
% insured (estimated)99.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,250
Other borrowed funds $0
Subordinated debt $296
All other liabilities $12,320
Total equity capital$12,320
Total bank equity capital$12,320
Perpetual preferred stock$0
Common stock$570
Undivided profits $11,180
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 $2,536
Earning assets $0
Long-term assets (5+ years) $975
Average Assets, year-to-date $122,362
Average Assets, quarterly $38,860
Volatile liabilities $130,143
Insider loans $127,501
FHLB advances $88,420
Loans and leases held for sale $130,324
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $12,024
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,636
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,944
Total interest expense $915
Net interest income $6,029
Provision for loan and lease losses $1,775
Total noninterest income $770
Fiduciary activities $0
Service charges on deposit accounts $536
Trading account gains & fees $0
Additional noninterest income $234
Total noninterest expense $4,008
Salaries and employee benefits $2,232
Premises and equipment expense $596
Additional noninterest expense $1,180
Pre-tax net operating income $1,016
Securities gains (losses) $3
Applicable income taxes $0
Income before extraordinary items $1,019
Extraordinary gains - net $0
Net income attributable to bank $1,019
Net charge-offs $0
Cash dividends $1,019
Sale, conversion, retirement of capital stock, net $655
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 assets5.77%
Cost of funding earning assets 0.76%
Net interest margin 5.01%
Noninterest income to earning assets 0.64%
Noninterest expense to earning assets 3.33%
Net operating income to assets 0.78%
Return on assets (ROA) 0.78%
Pretax return on assets 0.78%
Return on equity (ROE) 8.62%
Retained earnings to average equity (YTD only) 8.62%
Net charge-offs to loans 0.75%
Credit loss provision to net charge-offs 270.99%
Efficiency ratio4.26%
Assets per employee$58,950
Cash dividends to net income (YTD only)2.80%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.40%
Noncurrent assets plus other real estate owned to assets 116.52%
Noncurrent loans to loans 2.11%
Net loans and leases to deposits2.91%
Net loans and leases to core deposits 73.99%
Equity capital to assets 80.88%
Core capital (leverage) ratio 9.36%
Tier 1 risk-based capital ratio 9.23%
Total risk-based capital ratio 13.60%
Average assets$15
Average earning assets$130,143
Average equity $11,816
Average loans $120,302
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3 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
014631The First State Bank Of Arcadia40o North Brevard Avenue, Arcadia, FL 34265July 17, 1973Full Service Brick and Mortar
1252358East Branch2747 Se Highway 70, Arcadia, FL 34266November 17, 1986Limited Service Retail
2478337East Arcadia Office Branch2747 Se Highway 70, Arcadia, FL 34266October 18, 2007Full Service Brick and Mortar
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