Sunshine State Federal Savings and Loan Association in Plant City, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Sunshine State Federal Savings and Loan Association in Plant City, Florida (FL)
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Sunshine State Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 30750
    Status: Active
    Federal Reserve ID: 432478
    Date Established: November 26, 1954
    WWW: http://www.sunshinestatefederal.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 5852
    FDIC's unique #: 43584
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 26, 1954
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 W Baker St, Plant City, FL 33563
    County: Hillsborough
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $198.3 mil
    Equity capital: $26.4 mil
    Deposits held in domestic offices: $169.4 mil
    Return on assets (ROA): 0.27% ($0.5 mil)
    Quarterly return on assets: 0.48% ($1.0 mil)
    Return on Equity (ROE): 2.09% ($0.5 mil)
    Quarterly return on equity: 3.65% ($0.9 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.44% ($872.4 mil)
    Quarterly Pretax return on assets: 0.76% ($1,506.8 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, 2011)

  • Dollar figures in thousands
  • 65Total employees (full-time equivalent)
  • $198,269Total assets
  • $30,828Cash and due from depository institutions
  • $7,278Interest-bearing balances
  • $25,331Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $125,784Net loans & leases
  • $3,414Loan loss allowance
  • $0Trading account assets
  • $6,505Bank premises and fixed assets
  • $2,434Other real estate owned
  • $0Goodwill and other intangibles
  • $198,269Life insurance assets
  • $6,887All other assets
  • $171,821Total liabilities and capital
  • $169,421Total liabilities
  • $148,848Total deposits
  • $169,421Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,400Subordinated debt
  • $26,448All other liabilities
  • $26,448Total equity capital
  • $26,448Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $26,448Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,224Income earned, not collected on loans
  • $0Earning assets
  • $636Long-term assets (5+ years)
  • $158,893Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $201,804Volatile liabilities
  • $199,110Insider loans
  • $108,424FHLB advances
  • $197,559Loans and leases held for sale
  • $3,841Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,738Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,583Restructured Loans and leases
  • $1,365Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,906Total interest income
  • $996Total interest expense
  • $6,910Net interest income
  • $153Provision for loan and lease losses
  • $1,121Total noninterest income
  • $0Fiduciary activities
  • $192Service charges on deposit accounts
  • $0Trading account gains & fees
  • $929Additional noninterest income
  • $6,987Total noninterest expense
  • $4,002Salaries and employee benefits
  • $1,392Premises and equipment expense
  • $1,593Additional noninterest expense
  • $891Pre-tax net operating income
  • $0Securities gains (losses)
  • $345Applicable income taxes
  • $546Income before extraordinary items
  • $0Extraordinary gains - net
  • $546Net income attributable to bank
  • $0Net charge-offs
  • $546Cash dividends
  • -$1,248Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.99%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 2.09%Return on equity (ROE)
  • 2.09%Retained earnings to average equity (YTD only)
  • -0.92%Net charge-offs to loans
  • -12.26%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 87,000Assets per employee
  • 3.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.64%Loss allowance to noncurrent loans
  • 153.51%Noncurrent assets plus other real estate owned to assets
  • 2.35%Noncurrent loans to loans
  • 1.72%Net loans and leases to deposits
  • 74.24%Net loans and leases to core deposits
  • 76.33%Equity capital to assets
  • 13.34%Core capital (leverage) ratio
  • 13.03%Tier 1 risk-based capital ratio
  • 23.74%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $201,804Average earning assets
  • $26,123Average equity
  • $174,967Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    043584Sunshine State Federal Savings And L102 W Baker St, Plant City, FL 33563November 26, 1954Full Service Brick and Mortar
    1281912Brandon Branch420 West Brandon Boulevard, Brandon, FL 33511November 26, 1954Full Service Brick and Mortar
    2281913Riverview Branch7459 U.S. Highway 301 South, Riverview, FL 33569November 26, 1954Full Service Brick and Mortar
    4281914Zephyrhills Branch36450 Eiland Boulevard, Zephyrhills, FL 33541November 26, 1954Full Service Brick and Mortar
    102281916Walden Woods Branch2400 Jim Redman Parkway, Plant City, FL 33566November 26, 1954Full Service Brick and Mortar

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