FDIC Certificate #: 32472 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:CapitalSouth Bank (#22130) Federal Reserve ID: 255079 Date Established: April 23, 1986 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8300 FDIC's unique #: 45306 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: April 23, 1986 Last Structure Change Effective Date: September 15, 2007 Last Structure Change Process Date: September 20, 2007 Last Data Update: September 20, 2007 Data Source Date: April 05, 2012
Location
Address: 10696 St. Augustine Road, Jacksonville, FL 32257 County: Duval 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: $234.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
64Total employees (full-time equivalent)
$227,827Total assets
$5,287Cash and due from depository institutions
$4,375Interest-bearing balances
$8,054Securities
$0Federal funds sold & reverse repurchase agreements
$204,343Net loans & leases
$2,393Loan loss allowance
$0Trading account assets
$3,748Bank premises and fixed assets
$1,394Other real estate owned
$371Goodwill and other intangibles
$0Life insurance assets
$4,630All other assets
$227,827Total liabilities and capital
$204,960Total liabilities
$156,079Total deposits
$145,840Interest-bearing deposits
$156,079Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$48,355Other borrowed funds
$0Subordinated debt
$526All other liabilities
$22,867Total equity capital
$22,867Total bank equity capital
$22,867Perpetual preferred stock
$0Common stock
$10Surplus
$17,031Undivided profits
Memoranda
$5,826Noncurrent loans and leases
$22,175Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,414Earning assets
$0Long-term assets (5+ years)
$1,315Average Assets, year-to-date
$216,772Average Assets, quarterly
$0Volatile liabilities
$228,754Insider loans
$227,433FHLB advances
$135,518Loans and leases held for sale
$267Unused loan commitments
$45,400Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,175Total unused commitments
$1,385Restructured Loans and leases
$2,054Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$14,919Total interest income
$7,767Total interest expense
$7,152Net interest income
$459Provision for loan and lease losses
$2,391Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,391Additional noninterest income
$7,454Total noninterest expense
$4,394Salaries and employee benefits
$1,081Premises and equipment expense
$1,979Additional noninterest expense
$1,630Pre-tax net operating income
$885Securities gains (losses)
$16Applicable income taxes
$2,499Income before extraordinary items
$0Extraordinary gains - net
$2,499Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$366Sale, conversion, retirement of capital stock, net
$2,834Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.84%Yield on earning assets
3.56%Cost of funding earning assets
3.28%Net interest margin
1.10%Noninterest income to earning assets
3.42%Noninterest expense to earning assets
0.71%Net operating income to assets
1.09%Return on assets (ROA)
1.10%Pretax return on assets
11.01%Return on equity (ROE)
-1.48%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
125.41%Credit loss provision to net charge-offs
5.71%Efficiency ratio
78,110Assets per employee
3.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
113.41%Loss allowance to loans
1.16%Loss allowance to noncurrent loans
54.21%Noncurrent assets plus other real estate owned to assets
2.55%Noncurrent loans to loans
2.14%Net loans and leases to deposits
130.92%Net loans and leases to core deposits
296.51%Equity capital to assets
10.04%Core capital (leverage) ratio
9.99%Tier 1 risk-based capital ratio
13.68%Total risk-based capital ratio
Memoranda
$15Average assets
$228,754Average earning assets
$22,693Average equity
$218,255Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Monticello Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: