Madison County Community Bank in Madison, Florida (FL)
| Madison County Community Bank | |
|---|---|
| General | FDIC Certificate #: 35056 Status: Active Federal Reserve ID: 2805928 Bank Holding Company (Regulatory Top Holder): Madison Community Bancshares Corporation (RSSDID: 3619702, Location: Madison, FL) Date Established: May 05, 1999 WWW: http://www.mccbflorida.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 74360 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: May 05, 1999 Last Structure Change Effective Date: July 09, 2007 Last Structure Change Process Date: July 10, 2007 Last Data Update: July 10, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 301 West Base Street, Madison, FL 32340 County: Madison 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 |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $94.3 mil Equity capital: $9.1 mil Deposits held in domestic offices: $85.1 mil Return on assets (ROA): 0.51% ($0.5 mil) Quarterly return on assets: 0.57% ($0.5 mil) Return on Equity (ROE): 5.52% ($0.5 mil) Quarterly return on equity: 5.93% ($0.5 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.82% ($773.3 mil) Quarterly Pretax return on assets: 0.92% ($867.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 20 |
| Total assets | $94,305 |
| Cash and due from depository institutions | $7,455 |
| Interest-bearing balances | $4,106 |
| Securities | $24,095 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $55,090 |
| Loan loss allowance | $1,065 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,856 |
| Other real estate owned | $2,386 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,423 |
| Life insurance assets | $94,305 |
| Total liabilities and capital | $85,183 |
| Total liabilities | $85,131 |
| Total deposits | $75,256 |
| Interest-bearing deposits | $85,131 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $52 |
| All other liabilities | $9,122 |
| Total equity capital | $9,122 |
| Total bank equity capital | $9,122 |
| Perpetual preferred stock | $0 |
| Common stock | $2,511 |
| Surplus | $3,121 |
| Undivided profits | $3,490 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $4,652 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $566 |
| Average Assets, year-to-date | $83,291 |
| Average Assets, quarterly | $12,541 |
| Volatile liabilities | $93,536 |
| Insider loans | $94,169 |
| FHLB advances | $54,824 |
| Loans and leases held for sale | $94,387 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $8,877 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $9,991 |
| Derivatives | $3,218 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,913 |
| Total interest expense | $1,114 |
| Net interest income | $2,799 |
| Provision for loan and lease losses | $326 |
| Total noninterest income | $457 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $471 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$14 |
| Total noninterest expense | $2,286 |
| Salaries and employee benefits | $1,060 |
| Premises and equipment expense | $375 |
| Additional noninterest expense | $851 |
| Pre-tax net operating income | $644 |
| Securities gains (losses) | $127 |
| Applicable income taxes | $290 |
| Income before extraordinary items | $481 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $481 |
| Net charge-offs | $0 |
| Cash dividends | $481 |
| Sale, conversion, retirement of capital stock, net | $183 |
| Net operating income | $56 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.72% |
| Cost of funding earning assets | 1.34% |
| Net interest margin | 3.38% |
| Noninterest income to earning assets | 0.55% |
| Noninterest expense to earning assets | 2.76% |
| Net operating income to assets | 0.43% |
| Return on assets (ROA) | 0.51% |
| Pretax return on assets | 0.82% |
| Return on equity (ROE) | 5.52% |
| Retained earnings to average equity (YTD only) | 4.87% |
| Net charge-offs to loans | 0.33% |
| Credit loss provision to net charge-offs | 178.14% |
| Efficiency ratio | 5.30% |
| Assets per employee | $70,209 |
| Cash dividends to net income (YTD only) | 4.72% |
| Condition Ratios (%) | |
| Loss allowance to loans | 11.64% |
| Loss allowance to noncurrent loans | 1.90% |
| Noncurrent assets plus other real estate owned to assets | 22.89% |
| Noncurrent loans to loans | 7.46% |
| Net loans and leases to deposits | 8.28% |
| Net loans and leases to core deposits | 64.71% |
| Equity capital to assets | 71.37% |
| Core capital (leverage) ratio | 9.67% |
| Tier 1 risk-based capital ratio | 9.40% |
| Total risk-based capital ratio | 16.19% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $93,536 |
| Average equity | $8,720 |
| Average loans | $82,890 |
| 1 Florida Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 74360 | Madison County Community Bank | 301 West Base Street, Madison, FL 32340 | May 05, 1999 | Full Service Brick and Mortar |  |
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