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

This bank is inactive as of October 18, 1997

Branford State Bank in Branford, Florida (FL)
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Branford State Bank - Overview

General
FDIC Certificate #: 5671
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Capital City Bank (#9622)
Federal Reserve ID: 113535
Date Established: Febuary 18, 1911
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 3857
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 18, 1997
Last Structure Change Process Date: November 17, 1997
Last Data Update: November 17, 1997
Data Source Date: April 05, 2012
Location
Address: 814 Suwannee Avenue, Branford, FL 32008
County: Suwannee
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
Financial Summary
Total assets: $34.5 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)
$16Total assets
$34,025Cash and due from depository institutions
$1,167Interest-bearing balances
$0Securities
$8,629Federal funds sold & reverse repurchase agreements
$2,100Net loans & leases
$20,902Loan loss allowance
$274Trading account assets
$0Bank premises and fixed assets
$835Other real estate owned
$0Goodwill and other intangibles
$392Life insurance assets
$0All other assets
$0Total liabilities and capital
$34,025Total liabilities
$30,452Total deposits
$30,030Interest-bearing deposits
$24,458Deposits held in domestic offices
30030.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$422Total equity capital
$422Total bank equity capital
$3,573Perpetual preferred stock
$0Common stock
$60Surplus
$240Undivided profits
Memoranda
$3,273Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$102Earning assets
$31,631Long-term assets (5+ years)
$202Average Assets, year-to-date
$32,607Average Assets, quarterly
$33,154Volatile liabilities
$3,159Insider loans
$5FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,281Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,579Total risk weighted assets
$18,328Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$2,436Total interest expense
$821Net interest income
$1,615Provision for loan and lease losses
$26Total noninterest income
$316Fiduciary activities
$0Service charges on deposit accounts
$259Trading account gains & fees
$0Additional noninterest income
$57Total noninterest expense
$1,084Salaries and employee benefits
$577Premises and equipment expense
$119Additional noninterest expense
$388Pre-tax net operating income
$821Securities gains (losses)
$4Applicable income taxes
$261Income before extraordinary items
$564Extraordinary gains - net
$0Net income attributable to bank
$564Net charge-offs
$24Cash dividends
$500Sale, 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
8.13%Cost of funding earning assets
2.74%Net interest margin
5.39%Noninterest income to earning assets
1.05%Noninterest expense to earning assets
3.62%Net operating income to assets
1.72%Return on assets (ROA)
1.73%Pretax return on assets
2.53%Return on equity (ROE)
15.98%Retained earnings to average equity (YTD only)
1.81%Net charge-offs to loans
0.13%Credit loss provision to net charge-offs
108.33%Efficiency ratio
56,137Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
88.65%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
69.60%Net loans and leases to core deposits
77.79%Equity capital to assets
10.50%Core capital (leverage) ratio
10.73%Tier 1 risk-based capital ratio
19.53%Total risk-based capital ratio
Memoranda
$21Average assets
$32,607Average earning assets
$3,529Average equity
$29,957Average loans

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