Levy County State Bank in Chiefland, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 18, 1997

Levy County State Bank in Chiefland, Florida (FL)
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Levy County State Bank - Overview

General
FDIC Certificate #: 16734
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Capital City Bank (#9622)
Federal Reserve ID: 123338
Date Established: September 18, 1948
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Interstate: No)
FDIC's unique #: 10854
Numeric code: 13
Regulator: FED
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: September 18, 1948
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: 2012 North Young Boulevard, Chiefland, FL 32626
County: Levy
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: $75.0 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)
$48Total assets
$84,716Cash and due from depository institutions
$4,645Interest-bearing balances
$0Securities
$21,638Federal funds sold & reverse repurchase agreements
$9,750Net loans & leases
$44,245Loan loss allowance
$576Trading account assets
$0Bank premises and fixed assets
$2,674Other real estate owned
$410Goodwill and other intangibles
$1,354Life insurance assets
$0All other assets
$0Total liabilities and capital
$84,716Total liabilities
$76,502Total deposits
$75,756Interest-bearing deposits
$63,637Deposits held in domestic offices
75756.00%% insured (estimated)
$81Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$746Total equity capital
$746Total bank equity capital
$8,214Perpetual preferred stock
$0Common stock
$185Surplus
$2,118Undivided profits
Memoranda
$5,911Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$120Income earned, not collected on loans
$419Earning assets
$75,633Long-term assets (5+ years)
$3,239Average Assets, year-to-date
$79,469Average Assets, quarterly
$80,179Volatile liabilities
$4,964Insider loans
$2,143FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,707Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,258Total risk weighted assets
$41,573Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$5,472Total interest expense
$1,990Net interest income
$3,482Provision for loan and lease losses
$81Total noninterest income
$1,126Fiduciary activities
$0Service charges on deposit accounts
$668Trading account gains & fees
$0Additional noninterest income
$458Total noninterest expense
$2,918Salaries and employee benefits
$1,269Premises and equipment expense
$531Additional noninterest expense
$1,118Pre-tax net operating income
$1,609Securities gains (losses)
$6Applicable income taxes
$526Income before extraordinary items
$1,089Extraordinary gains - net
$0Net income attributable to bank
$1,089Net charge-offs
$81Cash dividends
$900Sale, 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
7.78%Cost of funding earning assets
2.83%Net interest margin
4.95%Noninterest income to earning assets
1.60%Noninterest expense to earning assets
4.15%Net operating income to assets
1.37%Return on assets (ROA)
1.37%Pretax return on assets
2.03%Return on equity (ROE)
13.59%Retained earnings to average equity (YTD only)
2.36%Net charge-offs to loans
0.19%Credit loss provision to net charge-offs
100.00%Efficiency ratio
63,325Assets per employee
1.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.64%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
480.00%Noncurrent assets plus other real estate owned to assets
0.63%Noncurrent loans to loans
0.27%Net loans and leases to deposits
58.40%Net loans and leases to core deposits
62.50%Equity capital to assets
9.70%Core capital (leverage) ratio
10.66%Tier 1 risk-based capital ratio
19.86%Total risk-based capital ratio
Memoranda
$21Average assets
$79,469Average earning assets
$8,013Average equity
$70,350Average loans

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