The Perkins State Bank in Williston, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Perkins State Bank - Overview

  • General
  • FDIC Certificate #: 134
    Status: Active
    Federal Reserve ID: 107431
    Bank Holding Company (Regulatory Top Holder): Williston Holding Company (RSSDID: 1085947, Location: Williston, FL)
    Date Established: August 01, 1913
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 15957
    FDIC's unique #: 102
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    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: 342 East Noble Avenue, Williston, FL 32696
    County: Levy
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $190.5 mil
    Equity capital: $15.1 mil
    Deposits held in domestic offices: $169.1 mil
    Return on assets (ROA): -0.58% (-$1.1 mil)
    Quarterly return on assets: -1.44% (-$2.7 mil)
    Return on Equity (ROE): -6.84% (-$1.0 mil)
    Quarterly return on equity: -17.53% (-$2.6 mil)
    Net income: -$1.1 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -0.58% (-$1,104.6 mil)
    Quarterly Pretax return on assets: -1.44% (-$2,742.5 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
  • 80Total employees (full-time equivalent)
  • $190,452Total assets
  • $8,106Cash and due from depository institutions
  • $3,276Interest-bearing balances
  • $33,250Securities
  • $22,500Federal funds sold & reverse repurchase agreements
  • $105,849Net loans & leases
  • $2,674Loan loss allowance
  • $0Trading account assets
  • $6,093Bank premises and fixed assets
  • $8,392Other real estate owned
  • $27Goodwill and other intangibles
  • $190,452Life insurance assets
  • $6,235All other assets
  • $175,318Total liabilities and capital
  • $169,149Total liabilities
  • $130,072Total deposits
  • $169,149Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,000Trading liabilities
  • $0Other borrowed funds
  • $169Subordinated debt
  • $15,134All other liabilities
  • $15,134Total equity capital
  • $15,134Total bank equity capital
  • $0Perpetual preferred stock
  • $242Common stock
  • $1,280Surplus
  • $13,612Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,324Income earned, not collected on loans
  • $0Earning assets
  • $810Long-term assets (5+ years)
  • $164,875Average Assets, year-to-date
  • $60,885Average Assets, quarterly
  • $187,449Volatile liabilities
  • $189,531Insider loans
  • $129,471FHLB advances
  • $190,811Loans and leases held for sale
  • $3,913Unused loan commitments
  • $784Tier 1 (core) risk-based capital
  • $15,384Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,129Total unused commitments
  • $9,133Restructured Loans and leases
  • $2,538Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,909Total interest income
  • $1,211Total interest expense
  • $7,698Net interest income
  • $2,270Provision for loan and lease losses
  • $2,402Total noninterest income
  • $0Fiduciary activities
  • $1,168Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,234Additional noninterest income
  • $9,118Total noninterest expense
  • $4,336Salaries and employee benefits
  • $1,303Premises and equipment expense
  • $3,479Additional noninterest expense
  • -$1,288Pre-tax net operating income
  • $207Securities gains (losses)
  • $0Applicable income taxes
  • -$1,081Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,081Net income attributable to bank
  • $0Net charge-offs
  • -$1,081Cash dividends
  • $2,794Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.51%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 4.76%Net interest margin
  • 1.49%Noninterest income to earning assets
  • 5.64%Noninterest expense to earning assets
  • -0.69%Net operating income to assets
  • -0.58%Return on assets (ROA)
  • -0.58%Pretax return on assets
  • -6.84%Return on equity (ROE)
  • -6.84%Retained earnings to average equity (YTD only)
  • 2.39%Net charge-offs to loans
  • 81.25%Credit loss provision to net charge-offs
  • 0.35%Efficiency ratio
  • 90,277Assets per employee
  • 2.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.46%Loss allowance to noncurrent loans
  • 42.28%Noncurrent assets plus other real estate owned to assets
  • 7.73%Noncurrent loans to loans
  • 5.83%Net loans and leases to deposits
  • 62.58%Net loans and leases to core deposits
  • 67.25%Equity capital to assets
  • 7.95%Core capital (leverage) ratio
  • 8.06%Tier 1 risk-based capital ratio
  • 11.88%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $187,449Average earning assets
  • $15,801Average equity
  • $161,682Average loans

List of branches

  • 6 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0102The Perkins State Bank342 East Noble Avenue, Williston, FL 32696August 01, 1913Full Service Brick and Mortar
    2181176Chiefland Branch1710 North Main Street, Chiefland, FL 32626December 01, 1986Full Service Brick and Mortar
    3181177Southwest Branch120 Southwest 7th Street, Williston, FL 32696March 28, 1988Limited Service Facility
    4181178Inglis Branch345 West Highway 40, Inglis, FL 34449April 08, 1994Full Service Brick and Mortar
    5181179Bronson Branch331 E Hathaway Ave, Bronson, FL 32621June 08, 1998Full Service Brick and Mortar
    6360863Archer Branch400 Cottonwood Center, Archer, FL 32618October 01, 2000Full Service Brick and Mortar

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