Peoples State Bank of Groveland in Groveland, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 04, 2004

  • Peoples State Bank of Groveland in Groveland, Florida (FL)
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Peoples State Bank of Groveland - Overview

  • General
  • FDIC Certificate #: 16845
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Public Bank (#23410)
    Federal Reserve ID: 166737
    Date Established: October 26, 1949
    WWW: http://www.peoples-state-bank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 14297
    FDIC's unique #: 10944
    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: October 26, 1949
    Last Structure Change Effective Date: June 04, 2004
    Last Structure Change Process Date: June 22, 2004
    Last Data Update: June 22, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 East Broad Street, Groveland, FL 34736
    County: Lake
    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): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • Financial Summary
  • Total assets: $165.6 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, 2003)

  • Dollar figures in thousands
  • 66Total employees (full-time equivalent)
  • $165,456Total assets
  • $5,665Cash and due from depository institutions
  • $580Interest-bearing balances
  • $38,398Securities
  • $4,754Federal funds sold & reverse repurchase agreements
  • $107,978Net loans & leases
  • $2,250Loan loss allowance
  • $0Trading account assets
  • $4,385Bank premises and fixed assets
  • $8Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,268All other assets
  • $165,456Total liabilities and capital
  • $153,985Total liabilities
  • $141,008Total deposits
  • $119,234Interest-bearing deposits
  • $141,008Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,030Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,500Other borrowed funds
  • $0Subordinated debt
  • $447All other liabilities
  • $11,471Total equity capital
  • $11,471Total bank equity capital
  • $11,471Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $907Undivided profits
  • Memoranda
  • $10,564Noncurrent loans and leases
  • $12,597Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,874Earning assets
  • $0Long-term assets (5+ years)
  • $694Average Assets, year-to-date
  • $151,710Average Assets, quarterly
  • $33,848Volatile liabilities
  • $157,357Insider loans
  • $161,561FHLB advances
  • $34,060Loans and leases held for sale
  • $1,370Unused loan commitments
  • $9,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $433Total risk weighted assets
  • $12,597Total unused commitments
  • $0Restructured Loans and leases
  • $1,399Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $8,665Total interest income
  • $2,986Total interest expense
  • $5,679Net interest income
  • $395Provision for loan and lease losses
  • $1,234Total noninterest income
  • $0Fiduciary activities
  • $557Service charges on deposit accounts
  • $0Trading account gains & fees
  • $677Additional noninterest income
  • $4,377Total noninterest expense
  • $2,645Salaries and employee benefits
  • $708Premises and equipment expense
  • $1,024Additional noninterest expense
  • $2,141Pre-tax net operating income
  • $0Securities gains (losses)
  • $732Applicable income taxes
  • $1,409Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,409Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$45Sale, conversion, retirement of capital stock, net
  • $825Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.02%Yield on earning assets
  • 2.07%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 12.35%Return on equity (ROE)
  • 5.12%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -877.78%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,315Assets per employee
  • 2.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.55%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 120.06%Noncurrent assets plus other real estate owned to assets
  • 1.14%Noncurrent loans to loans
  • 1.70%Net loans and leases to deposits
  • 76.58%Net loans and leases to core deposits
  • 93.51%Equity capital to assets
  • 6.93%Core capital (leverage) ratio
  • 7.12%Tier 1 risk-based capital ratio
  • 10.36%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $157,357Average earning assets
  • $11,413Average equity
  • $144,040Average loans

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