Wauchula State Bank in Wauchula, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Wauchula State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 134Total employees (full-time equivalent)
  • $576,723Total assets
  • $36,587Cash and due from depository institutions
  • $30,274Interest-bearing balances
  • $136,972Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $386,301Net loans & leases
  • $9,122Loan loss allowance
  • $0Trading account assets
  • $3,923Bank premises and fixed assets
  • $3,852Other real estate owned
  • $0Goodwill and other intangibles
  • $576,723Life insurance assets
  • $9,088All other assets
  • $523,388Total liabilities and capital
  • $507,393Total liabilities
  • $414,080Total deposits
  • $507,393Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 3370.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,979Trading liabilities
  • $0Other borrowed funds
  • $1,646Subordinated debt
  • $53,335All other liabilities
  • $53,335Total equity capital
  • $53,335Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $1,500Surplus
  • $50,835Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,660Income earned, not collected on loans
  • $0Earning assets
  • $4,435Long-term assets (5+ years)
  • $553,547Average Assets, year-to-date
  • $132,702Average Assets, quarterly
  • $569,870Volatile liabilities
  • $570,352Insider loans
  • $396,523FHLB advances
  • $572,607Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $51,915Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $49,464Restructured Loans and leases
  • $2,692Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,376Total interest income
  • $4,312Total interest expense
  • $25,064Net interest income
  • $6,712Provision for loan and lease losses
  • $2,252Total noninterest income
  • $0Fiduciary activities
  • $1,259Service charges on deposit accounts
  • -$2Trading account gains & fees
  • $995Additional noninterest income
  • $12,905Total noninterest expense
  • $7,805Salaries and employee benefits
  • $1,809Premises and equipment expense
  • $3,291Additional noninterest expense
  • $7,699Pre-tax net operating income
  • $120Securities gains (losses)
  • $0Applicable income taxes
  • $7,819Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,819Net income attributable to bank
  • $0Net charge-offs
  • $7,819Cash dividends
  • $4,644Sale, conversion, retirement of capital stock, net
  • $3,750Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 4.59%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.37%Noninterest expense to earning assets
  • 1.35%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 15.14%Return on equity (ROE)
  • 7.88%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 144.53%Credit loss provision to net charge-offs
  • 3.10%Efficiency ratio
  • 47,243Assets per employee
  • 4.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.96%Loss allowance to loans
  • 2.31%Loss allowance to noncurrent loans
  • 62.22%Noncurrent assets plus other real estate owned to assets
  • 3.21%Noncurrent loans to loans
  • 3.71%Net loans and leases to deposits
  • 76.13%Net loans and leases to core deposits
  • 89.41%Equity capital to assets
  • 9.25%Core capital (leverage) ratio
  • 9.07%Tier 1 risk-based capital ratio
  • 13.09%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $569,870Average earning assets
  • $51,661Average equity
  • $545,555Average loans

List of branches

  • 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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