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

This bank is inactive as of January 17, 1993

Keystone State Bank in Keystone Heights, Florida (FL)
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Keystone State Bank - Overview

General
FDIC Certificate #: 17102
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Gainesville State Bank (#22517)
Federal Reserve ID: 211936
Date Established: May 02, 1952
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 11149
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: May 02, 1952
Last Structure Change Effective Date: January 17, 1993
Last Structure Change Process Date: Febuary 23, 1993
Last Data Update: Febuary 23, 1993
Data Source Date: April 05, 2012
Location
Address: Lawrence Boulevard, Keystone Heights, FL 32656
County: Clay
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): Jacksonville, FL (#3600)
Core Based Statistical Area (CBSA): Jacksonville, FL (#27260)
CBSA Metro Statistical Area: Jacksonville, FL (#27260)
Financial Summary
Total assets: $39.6 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$32Total assets
$39,559Cash and due from depository institutions
$995Interest-bearing balances
$0Securities
$15,928Federal funds sold & reverse repurchase agreements
$2,506Net loans & leases
$18,289Loan loss allowance
$490Trading account assets
$0Bank premises and fixed assets
$533Other real estate owned
$684Goodwill and other intangibles
$624Life insurance assets
$0All other assets
$0Total liabilities and capital
$39,559Total liabilities
$34,878Total deposits
$34,783Interest-bearing deposits
$29,129Deposits held in domestic offices
34783.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$95Total equity capital
$95Total bank equity capital
$4,681Perpetual preferred stock
$0Common stock
$300Surplus
$2,540Undivided profits
Memoranda
$1,841Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$480Income earned, not collected on loans
$172Earning assets
$36,723Long-term assets (5+ years)
$11,063Average Assets, year-to-date
$40,634Average Assets, quarterly
$39,916Volatile liabilities
$2,621Insider loans
$1,535FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,264Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,681Total risk weighted assets
$19,608Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,096Total interest expense
$1,222Net interest income
$1,874Provision for loan and lease losses
$30Total noninterest income
$438Fiduciary activities
$0Service charges on deposit accounts
$210Trading account gains & fees
$0Additional noninterest income
$228Total noninterest expense
$1,397Salaries and employee benefits
$702Premises and equipment expense
$197Additional noninterest expense
$498Pre-tax net operating income
$885Securities gains (losses)
$48Applicable income taxes
$319Income before extraordinary items
$614Extraordinary gains - net
$0Net income attributable to bank
$614Net charge-offs
$2Cash dividends
$500Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.23%Cost of funding earning assets
3.25%Net interest margin
4.98%Noninterest income to earning assets
1.16%Noninterest expense to earning assets
3.71%Net operating income to assets
1.43%Return on assets (ROA)
1.51%Pretax return on assets
2.30%Return on equity (ROE)
13.45%Retained earnings to average equity (YTD only)
2.50%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
1500.00%Efficiency ratio
60,424Assets per employee
1.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.43%Loss allowance to loans
2.61%Loss allowance to noncurrent loans
102.08%Noncurrent assets plus other real estate owned to assets
2.94%Noncurrent loans to loans
2.56%Net loans and leases to deposits
52.58%Net loans and leases to core deposits
56.87%Equity capital to assets
11.83%Core capital (leverage) ratio
11.77%Tier 1 risk-based capital ratio
23.87%Total risk-based capital ratio
Memoranda
$25Average assets
$40,634Average earning assets
$4,566Average equity
$37,606Average loans

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