FDIC Certificate #: 28864 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:CenterState Bank of Florida, National Association (#33555) Federal Reserve ID: 1017779 Date Established: January 01, 1927 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2517 FDIC's unique #: 41698 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: May 21, 1937 Last Structure Change Effective Date: July 16, 2010 Last Structure Change Process Date: July 19, 2010 Last Data Update: July 19, 2010 Data Source Date: April 05, 2012
Location
Address: 205 South W C Owen, Clewiston, FL 33440 County: Hendry Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: South Florida Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Clewiston, FL (#17500) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $161.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
41Total employees (full-time equivalent)
$170,518Total assets
$12,312Cash and due from depository institutions
$10,490Interest-bearing balances
$15,238Securities
$0Federal funds sold & reverse repurchase agreements
$131,107Net loans & leases
$1,854Loan loss allowance
$0Trading account assets
$5,441Bank premises and fixed assets
$4,903Other real estate owned
$65Goodwill and other intangibles
$307Life insurance assets
$1,452All other assets
$170,518Total liabilities and capital
$163,560Total liabilities
$163,054Total deposits
$155,862Interest-bearing deposits
$163,054Deposits held in domestic offices
100.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$506All other liabilities
$6,958Total equity capital
$6,958Total bank equity capital
$6,958Perpetual preferred stock
$0Common stock
$1Surplus
$10,415Undivided profits
Memoranda
$-3,458Noncurrent loans and leases
$6,579Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$20,606Earning assets
$0Long-term assets (5+ years)
$602Average Assets, year-to-date
$156,835Average Assets, quarterly
$0Volatile liabilities
$171,807Insider loans
$171,814FHLB advances
$58,802Loans and leases held for sale
$2,754Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,579Total unused commitments
$17,184Restructured Loans and leases
$1,456Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$7,864Total interest income
$4,096Total interest expense
$3,768Net interest income
$4,250Provision for loan and lease losses
-$1,217Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$1,217Additional noninterest income
$4,824Total noninterest expense
$2,283Salaries and employee benefits
$1,125Premises and equipment expense
$1,416Additional noninterest expense
-$6,523Pre-tax net operating income
$135Securities gains (losses)
$0Applicable income taxes
-$6,388Income before extraordinary items
$0Extraordinary gains - net
-$6,388Net income attributable to bank
$0Net charge-offs
-$6,388Cash dividends
$4,222Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.00%Yield on earning assets
2.60%Cost of funding earning assets
2.40%Net interest margin
-0.77%Noninterest income to earning assets
3.07%Noninterest expense to earning assets
-3.80%Net operating income to assets
-3.72%Return on assets (ROA)
-3.72%Pretax return on assets
-66.12%Return on equity (ROE)
-66.12%Retained earnings to average equity (YTD only)
3.01%Net charge-offs to loans
100.66%Credit loss provision to net charge-offs
-0.54%Efficiency ratio
187,064Assets per employee
4.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
9.00%Noncurrent assets plus other real estate owned to assets
14.92%Noncurrent loans to loans
15.50%Net loans and leases to deposits
80.41%Net loans and leases to core deposits
125.76%Equity capital to assets
4.08%Core capital (leverage) ratio
4.01%Tier 1 risk-based capital ratio
5.85%Total risk-based capital ratio
Memoranda
$7Average assets
$171,807Average earning assets
$9,662Average equity
$157,299Average loans
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