CenterState Bank of Florida in Winter Haven, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 20, 2006

  • CenterState Bank of Florida in Winter Haven, Florida (FL)
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CenterState Bank of Florida - Overview

  • General
  • FDIC Certificate #: 35313
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CenterState Bank of Florida, National Association (#33555)
    Federal Reserve ID: 2905538
    Date Established: April 14, 2000
    WWW: http://www.centerstatebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 77703
    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: April 14, 2000
    Last Structure Change Effective Date: January 20, 2006
    Last Structure Change Process Date: Febuary 01, 2006
    Last Data Update: Febuary 01, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1101 First Street South, Winter Haven, FL 33880
    County: Polk
    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
    Metropolitan Statistical Area (MSA): Lakeland-Winter Haven, FL (#3980)
    Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460)
    CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
  • Financial Summary
  • Total assets: $181.4 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, 2005)

  • Dollar figures in thousands
  • 58Total employees (full-time equivalent)
  • $181,447Total assets
  • $6,126Cash and due from depository institutions
  • $0Interest-bearing balances
  • $37,093Securities
  • $10,683Federal funds sold & reverse repurchase agreements
  • $112,082Net loans & leases
  • $1,306Loan loss allowance
  • $0Trading account assets
  • $6,854Bank premises and fixed assets
  • $0Other real estate owned
  • $5,154Goodwill and other intangibles
  • $0Life insurance assets
  • $3,455All other assets
  • $181,447Total liabilities and capital
  • $164,268Total liabilities
  • $148,401Total deposits
  • $99,877Interest-bearing deposits
  • $148,401Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $7,087Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $8,780All other liabilities
  • $17,179Total equity capital
  • $17,179Total bank equity capital
  • $17,179Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $10,930Undivided profits
  • Memoranda
  • $1,249Noncurrent loans and leases
  • $32,236Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $231Earning assets
  • $0Long-term assets (5+ years)
  • $797Average Assets, year-to-date
  • $159,858Average Assets, quarterly
  • $32,918Volatile liabilities
  • $162,548Insider loans
  • $177,542FHLB advances
  • $32,481Loans and leases held for sale
  • $4,739Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $728Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $32,236Total unused commitments
  • $0Restructured Loans and leases
  • $1,306Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $8,051Total interest income
  • $2,030Total interest expense
  • $6,021Net interest income
  • $420Provision for loan and lease losses
  • $926Total noninterest income
  • $0Fiduciary activities
  • $410Service charges on deposit accounts
  • $0Trading account gains & fees
  • $516Additional noninterest income
  • $4,810Total noninterest expense
  • $2,750Salaries and employee benefits
  • $778Premises and equipment expense
  • $1,282Additional noninterest expense
  • $1,717Pre-tax net operating income
  • $0Securities gains (losses)
  • $628Applicable income taxes
  • $1,089Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,089Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $41Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.60%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 4.18%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.34%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 6.75%Return on equity (ROE)
  • 6.75%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 1024.39%Credit loss provision to net charge-offs
  • 52.12%Efficiency ratio
  • 68,202Assets per employee
  • 3.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 565.37%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 75.53%Net loans and leases to core deposits
  • 91.12%Equity capital to assets
  • 9.47%Core capital (leverage) ratio
  • 7.28%Tier 1 risk-based capital ratio
  • 9.17%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $162,548Average earning assets
  • $16,126Average equity
  • $143,877Average loans

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