FDIC Certificate #: 25266 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:CenterState Bank of Florida, National Association (#33555) Federal Reserve ID: 392031 Date Established: July 02, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 13159 FDIC's unique #: 17470 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: July 02, 1984 Last Structure Change Effective Date: August 20, 2010 Last Structure Change Process Date: August 23, 2010 Last Data Update: August 23, 2010 Data Source Date: April 05, 2012
Location
Address: 1375 North Broadway, Bartow, FL 33831 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: $67.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
14Total employees (full-time equivalent)
$75,961Total assets
$10,354Cash and due from depository institutions
$8,293Interest-bearing balances
$2,642Securities
$0Federal funds sold & reverse repurchase agreements
$54,146Net loans & leases
$1,993Loan loss allowance
$0Trading account assets
$1,425Bank premises and fixed assets
$4,001Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,393All other assets
$75,961Total liabilities and capital
$71,931Total liabilities
$67,831Total deposits
$51,148Interest-bearing deposits
$67,831Deposits held in domestic offices
73.05%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$100All other liabilities
$4,030Total equity capital
$4,030Total bank equity capital
$4,030Perpetual preferred stock
$0Common stock
$1,750Surplus
$3,346Undivided profits
Memoranda
$-1,066Noncurrent loans and leases
$3,889Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,355Earning assets
$0Long-term assets (5+ years)
$276Average Assets, year-to-date
$65,081Average Assets, quarterly
$12,168Volatile liabilities
$81,625Insider loans
$75,503FHLB advances
$25,776Loans and leases held for sale
$516Unused loan commitments
$4,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,889Total unused commitments
$974Restructured Loans and leases
$634Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$3,791Total interest income
$1,377Total interest expense
$2,414Net interest income
$3,674Provision for loan and lease losses
-$232Total noninterest income
$0Fiduciary activities
$198Service charges on deposit accounts
$0Trading account gains & fees
-$430Additional noninterest income
$4,026Total noninterest expense
$1,044Salaries and employee benefits
$163Premises and equipment expense
$2,819Additional noninterest expense
-$5,518Pre-tax net operating income
-$436Securities gains (losses)
-$1,774Applicable income taxes
-$4,180Income before extraordinary items
$0Extraordinary gains - net
-$4,180Net income attributable to bank
$0Net charge-offs
-$4,180Cash dividends
$3,128Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.22%Yield on earning assets
1.90%Cost of funding earning assets
3.32%Net interest margin
-0.32%Noninterest income to earning assets
5.54%Noninterest expense to earning assets
-4.75%Net operating income to assets
-5.12%Return on assets (ROA)
-7.29%Pretax return on assets
-67.29%Return on equity (ROE)
-67.29%Retained earnings to average equity (YTD only)
4.72%Net charge-offs to loans
117.46%Credit loss provision to net charge-offs
-0.59%Efficiency ratio
184,510Assets per employee
5.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.55%Loss allowance to noncurrent loans
45.76%Noncurrent assets plus other real estate owned to assets
11.00%Noncurrent loans to loans
7.76%Net loans and leases to deposits
79.82%Net loans and leases to core deposits
124.32%Equity capital to assets
5.31%Core capital (leverage) ratio
5.38%Tier 1 risk-based capital ratio
7.91%Total risk-based capital ratio
Memoranda
$9Average assets
$81,625Average earning assets
$6,212Average equity
$72,606Average loans
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