CenterState Bank Mid Florida in Leesburg, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 2007

  • CenterState Bank Mid Florida in Leesburg, Florida (FL)
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CenterState Bank Mid Florida - Overview

  • General
  • FDIC Certificate #: 57334
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Atlantic Southern Bank (#57213)
    Federal Reserve ID: 3230732
    Date Established: January 12, 2004
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 362076
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 12, 2004
    Last Structure Change Effective Date: December 01, 2007
    Last Structure Change Process Date: January 09, 2008
    Last Data Update: January 09, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1211 West North Boulevard, Leesburg, FL 34748
    County: Lake
    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): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • Financial Summary
  • Total assets: $99.8 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, 2006)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $98,199Total assets
  • $8,014Cash and due from depository institutions
  • $5,313Interest-bearing balances
  • $11,591Securities
  • $7,284Federal funds sold & reverse repurchase agreements
  • $57,012Net loans & leases
  • $643Loan loss allowance
  • $0Trading account assets
  • $4,699Bank premises and fixed assets
  • $0Other real estate owned
  • $7,860Goodwill and other intangibles
  • $1,019Life insurance assets
  • $1,739All other assets
  • $98,199Total liabilities and capital
  • $82,096Total liabilities
  • $80,979Total deposits
  • $71,093Interest-bearing deposits
  • $80,979Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $350Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $767All other liabilities
  • $16,103Total equity capital
  • $16,103Total bank equity capital
  • $16,103Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $10,598Undivided profits
  • Memoranda
  • $505Noncurrent loans and leases
  • $11,914Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $55Earning assets
  • $0Long-term assets (5+ years)
  • $439Average Assets, year-to-date
  • $81,200Average Assets, quarterly
  • $2,818Volatile liabilities
  • $89,665Insider loans
  • $95,819FHLB advances
  • $25,022Loans and leases held for sale
  • $3,206Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,914Total unused commitments
  • $0Restructured Loans and leases
  • $643Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $4,483Total interest income
  • $1,591Total interest expense
  • $2,892Net interest income
  • $35Provision for loan and lease losses
  • $214Total noninterest income
  • $0Fiduciary activities
  • $117Service charges on deposit accounts
  • $0Trading account gains & fees
  • $97Additional noninterest income
  • $2,292Total noninterest expense
  • $957Salaries and employee benefits
  • $511Premises and equipment expense
  • $824Additional noninterest expense
  • $779Pre-tax net operating income
  • $0Securities gains (losses)
  • $283Applicable income taxes
  • $496Income before extraordinary items
  • $0Extraordinary gains - net
  • $496Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $39Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.93%Yield on earning assets
  • 2.11%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 3.43%Return on equity (ROE)
  • 3.43%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 89.74%Credit loss provision to net charge-offs
  • 20.87%Efficiency ratio
  • 59,433Assets per employee
  • 3.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 1169.09%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 70.40%Net loans and leases to core deposits
  • 101.25%Equity capital to assets
  • 16.40%Core capital (leverage) ratio
  • 9.54%Tier 1 risk-based capital ratio
  • 11.95%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $89,665Average earning assets
  • $14,481Average equity
  • $75,554Average loans

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