Wauchula State Bank in Wauchula, Florida (FL)



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Wauchula State Bank routing number info

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Wauchula State Bank
GeneralFDIC Certificate #: 8021
Status: Active
Federal Reserve ID: 200435
Bank Holding Company (Regulatory Top Holder): Crews Banking Corporation (RSSDID: 1081239, Location: Wauchula, FL)
Date Established: April 01, 1929
WWW: http://www.wauchulastatebank.com
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 #: 14551
FDIC's unique #: 5104
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 02, 2010
Last Structure Change Process Date: June 02, 2010
Last Data Update: June 02, 2010
Data Source Date: April 05, 2012
LocationAddress: 106 East Main Street, Wauchula, FL 33873
County: Hardee
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): Wauchula, FL (#48100)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Financial SummaryTotal assets: $576.7 mil
Equity capital: $53.3 mil
Deposits held in domestic offices: $507.4 mil
Return on assets (ROA): 1.37% ($7.9 mil)
Quarterly return on assets: 1.06% ($6.1 mil)
Return on Equity (ROE): 15.14% ($8.0 mil)
Quarterly return on equity: 11.08% ($5.9 mil)
Net income: $7.8 mil
Quarterly Net income: $1.5 mil
Pretax return on assets: 1.37% ($7,901.1 mil)
Quarterly Pretax return on assets: 1.06% ($6,113.3 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)134
Total assets$576,723
Cash and due from depository institutions$36,587
Interest-bearing balances$30,274
Securities$136,972
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$386,301
Loan loss allowance $9,122
Trading account assets$0
Bank premises and fixed assets$3,923
Other real estate owned$3,852
Goodwill and other intangibles$0
All other assets$9,088
Life insurance assets$576,723
Total liabilities and capital$523,388
Total liabilities$507,393
Total deposits$414,080
Interest-bearing deposits$507,393
Deposits held in domestic offices$80
% insured (estimated)3370.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,979
Other borrowed funds $0
Subordinated debt $1,646
All other liabilities $53,335
Total equity capital$53,335
Total bank equity capital$53,335
Perpetual preferred stock$0
Common stock$1,000
Surplus$1,500
Undivided profits $50,835
Memoranda
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 $14,660
Earning assets $0
Long-term assets (5+ years) $4,435
Average Assets, year-to-date $553,547
Average Assets, quarterly $132,702
Volatile liabilities $569,870
Insider loans $570,352
FHLB advances $396,523
Loans and leases held for sale $572,607
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $51,915
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $49,464
Derivatives$2,692
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $29,376
Total interest expense $4,312
Net interest income $25,064
Provision for loan and lease losses $6,712
Total noninterest income $2,252
Fiduciary activities $0
Service charges on deposit accounts $1,259
Trading account gains & fees -$2
Additional noninterest income $995
Total noninterest expense $12,905
Salaries and employee benefits $7,805
Premises and equipment expense $1,809
Additional noninterest expense $3,291
Pre-tax net operating income $7,699
Securities gains (losses) $120
Applicable income taxes $0
Income before extraordinary items $7,819
Extraordinary gains - net $0
Net income attributable to bank $7,819
Net charge-offs $0
Cash dividends $7,819
Sale, conversion, retirement of capital stock, net $4,644
Net operating income $3,750
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.38%
Cost of funding earning assets 0.79%
Net interest margin 4.59%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 2.37%
Net operating income to assets 1.35%
Return on assets (ROA) 1.37%
Pretax return on assets 1.37%
Return on equity (ROE) 15.14%
Retained earnings to average equity (YTD only) 7.88%
Net charge-offs to loans 1.17%
Credit loss provision to net charge-offs 144.53%
Efficiency ratio3.10%
Assets per employee$47,243
Cash dividends to net income (YTD only)4.30%
Condition Ratios (%)
Loss allowance to loans 47.96%
Loss allowance to noncurrent loans 2.31%
Noncurrent assets plus other real estate owned to assets 62.22%
Noncurrent loans to loans 3.21%
Net loans and leases to deposits3.71%
Net loans and leases to core deposits 76.13%
Equity capital to assets 89.41%
Core capital (leverage) ratio 9.25%
Tier 1 risk-based capital ratio 9.07%
Total risk-based capital ratio 13.09%
Memoranda
Average assets$14
Average earning assets$569,870
Average equity $51,661
Average loans $545,555
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6 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05104Wauchula State Bank106 East Main Street, Wauchula, FL 33873April 01, 1929Full Service Brick and Mortar
1217692Bowling Green Branch200 North Oak Avenue, Bowling Green, FL 33834September 22, 1977Full Service Brick and Mortar
2217693Zolfo Springs Branch301 Highway 17 North, Zolfo Springs, FL 33890Febuary 03, 1986Full Service Brick and Mortar
312055Interlake Boulevard BranchInterlake Boulevard At Main Street, Lake Placid, FL 33852January 08, 1960Full Service Brick and Mortar
5357282Sebring Branch1385 U.S. Highway 27 South, Sebring, FL 33870April 26, 2000Full Service Brick and Mortar
6362897Sebring Branch3900 U.S. Highway 27 North, Sebring, FL 33870January 07, 2002Full Service Brick and Mortar
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