Tomoka State Bank in Ormond Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 03, 1997

  • Tomoka State Bank in Ormond Beach, Florida (FL)
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Tomoka State Bank - Overview

  • General
  • FDIC Certificate #: 32942
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colonial Bank (#27325)
    Federal Reserve ID: 1448168
    Date Established: May 04, 1990
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 46118
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 04, 1990
    Last Structure Change Effective Date: January 03, 1997
    Last Structure Change Process Date: January 22, 1997
    Last Data Update: January 22, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 South Nova Road, Ormond Beach, FL 32074
    County: Volusia
    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): Daytona Beach, FL (#2020)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Deltona-Daytona Beach-Ormond Beach, FL (#19660)
    CBSA Metro Statistical Area: Deltona-Daytona Beach-Ormond Beach, FL (#19660)
  • Financial Summary
  • Total assets: $76.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $35Total assets
  • $76,391Cash and due from depository institutions
  • $7,584Interest-bearing balances
  • $0Securities
  • $13,015Federal funds sold & reverse repurchase agreements
  • $2,300Net loans & leases
  • $50,910Loan loss allowance
  • $601Trading account assets
  • $0Bank premises and fixed assets
  • $1,828Other real estate owned
  • $0Goodwill and other intangibles
  • $751Life insurance assets
  • $3All other assets
  • $0Total liabilities and capital
  • $76,391Total liabilities
  • $70,088Total deposits
  • $68,188Interest-bearing deposits
  • $54,398Deposits held in domestic offices
  • 68188.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $1,533Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $367Total equity capital
  • $367Total bank equity capital
  • $6,303Perpetual preferred stock
  • $0Common stock
  • $2,025Surplus
  • $1,215Undivided profits
  • Memoranda
  • $3,063Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $639Income earned, not collected on loans
  • $354Earning assets
  • $66,225Long-term assets (5+ years)
  • $7,039Average Assets, year-to-date
  • $70,356Average Assets, quarterly
  • $73,926Volatile liabilities
  • $5,295Insider loans
  • $2,013FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $7,436Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,323Total risk weighted assets
  • $58,064Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,526Total interest expense
  • $2,193Net interest income
  • $3,333Provision for loan and lease losses
  • $280Total noninterest income
  • $572Fiduciary activities
  • $0Service charges on deposit accounts
  • $313Trading account gains & fees
  • $0Additional noninterest income
  • $259Total noninterest expense
  • $2,197Salaries and employee benefits
  • $1,110Premises and equipment expense
  • $308Additional noninterest expense
  • $779Pre-tax net operating income
  • $1,428Securities gains (losses)
  • $16Applicable income taxes
  • $498Income before extraordinary items
  • $946Extraordinary gains - net
  • $0Net income attributable to bank
  • $946Net charge-offs
  • $66Cash dividends
  • $80Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.82%Cost of funding earning assets
  • 3.50%Net interest margin
  • 5.32%Noninterest income to earning assets
  • 0.91%Noninterest expense to earning assets
  • 3.51%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 2.05%Return on equity (ROE)
  • 16.13%Retained earnings to average equity (YTD only)
  • 14.76%Net charge-offs to loans
  • 0.14%Credit loss provision to net charge-offs
  • 424.24%Efficiency ratio
  • 56,056Assets per employee
  • 2.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.46%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 94.05%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 1.24%Net loans and leases to deposits
  • 74.66%Net loans and leases to core deposits
  • 79.02%Equity capital to assets
  • 8.25%Core capital (leverage) ratio
  • 8.29%Tier 1 risk-based capital ratio
  • 10.89%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $70,356Average earning assets
  • $5,866Average equity
  • $62,652Average loans

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