The First State Bank of Arcadia in Arcadia, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First State Bank of Arcadia - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 47Total employees (full-time equivalent)
  • $131,594Total assets
  • $17,928Cash and due from depository institutions
  • $14,638Interest-bearing balances
  • $23,650Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $84,074Net loans & leases
  • $2,955Loan loss allowance
  • $0Trading account assets
  • $3,501Bank premises and fixed assets
  • $235Other real estate owned
  • $0Goodwill and other intangibles
  • $131,594Life insurance assets
  • $2,206All other assets
  • $119,274Total liabilities and capital
  • $113,629Total liabilities
  • $88,462Total deposits
  • $113,629Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 99.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,250Trading liabilities
  • $0Other borrowed funds
  • $296Subordinated debt
  • $12,320All other liabilities
  • $12,320Total equity capital
  • $12,320Total bank equity capital
  • $0Perpetual preferred stock
  • $570Common stock
  • $570Surplus
  • $11,180Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,536Income earned, not collected on loans
  • $0Earning assets
  • $975Long-term assets (5+ years)
  • $122,362Average Assets, year-to-date
  • $38,860Average Assets, quarterly
  • $130,143Volatile liabilities
  • $127,501Insider loans
  • $88,420FHLB advances
  • $130,324Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,024Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,636Restructured Loans and leases
  • $181Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,944Total interest income
  • $915Total interest expense
  • $6,029Net interest income
  • $1,775Provision for loan and lease losses
  • $770Total noninterest income
  • $0Fiduciary activities
  • $536Service charges on deposit accounts
  • $0Trading account gains & fees
  • $234Additional noninterest income
  • $4,008Total noninterest expense
  • $2,232Salaries and employee benefits
  • $596Premises and equipment expense
  • $1,180Additional noninterest expense
  • $1,016Pre-tax net operating income
  • $3Securities gains (losses)
  • $0Applicable income taxes
  • $1,019Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,019Net income attributable to bank
  • $0Net charge-offs
  • $1,019Cash dividends
  • $655Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.77%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 5.01%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 8.62%Return on equity (ROE)
  • 8.62%Retained earnings to average equity (YTD only)
  • 0.75%Net charge-offs to loans
  • 270.99%Credit loss provision to net charge-offs
  • 4.26%Efficiency ratio
  • 58,950Assets per employee
  • 2.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.40%Loss allowance to noncurrent loans
  • 116.52%Noncurrent assets plus other real estate owned to assets
  • 2.11%Noncurrent loans to loans
  • 2.91%Net loans and leases to deposits
  • 73.99%Net loans and leases to core deposits
  • 80.88%Equity capital to assets
  • 9.36%Core capital (leverage) ratio
  • 9.23%Tier 1 risk-based capital ratio
  • 13.60%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $130,143Average earning assets
  • $11,816Average equity
  • $120,302Average loans

List of branches

  • 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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