Vitals
  • Total Assets
    447.7M -5.0 %
  • Total Deposits
    394.7M 6.4 %
  • Total Net Loans
    341.4M -7.8 %
  • Net Income
  • Book Value
    5.5M -87.5 %
  • Book Value x2
    11.0M -87.5 %
  • Book Value x3
    16.6M -87.5 %
ROAA

ROAE

Efficiency Ratio

162.637

Net Interest Margin

1.827

Balance Sheet Highlights
Financial Highlights First State Bank All Insured Commercial Banks in Florida
Balance Sheet $(000)
Total Assets 447,667 297,543
Total Net Loans 341,395 209,413
Total Deposits 394,701 241,215
Total Equity 5,520 29,147
Profitability
Net Income — 1,453
Return on Average Assets — .546
Return on Average Equity — 5.686
Net Interest Margin 1.827 3.016
Efficiency Ratio 162.637 110.145
Noninterest Income/Revenue 3.573 19.089
Balance Sheet Ratios
Loan-to-Deposit 86.495 84.31
Securities/Assets .115 .312
Total Equity/Total Assets .012 .098
Tangible Equity/Tangible Assets .003 -.144
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 5,255 26,595
Tier 2 Capital 5,017 3,285
Total Capital 10,272 29,844
Total Risk Weighted Assets 384,935 221,982
Leverage Ratio 1.18 10.104
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 1.37 13.84
Total Capital Ratio 2.67 15.111

Timeline for First State Bank

First State Bank was acquired by 16 years

Aug 08 2009

Stearns Bank National Association

First State Bank was acquired by Stearns Bank National Association 16 years

View Profile Aug 08 2009

First State Bank Of Pinellas

Acquisition: First State Bank acquired a new subsidiary, First State Bank Of Pinellas, 24 years

View Profile Aug 10 2001

First State Financial Corporation

First State Financial Corporation became a new parent organization for First State Bank.

View Profile Mar 27 1998

First State Bank

First State Bank was established 37 years ago and is currently headquartered in Sarasota, FL.

Oct 27 1988
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Stearns Bank National Association Buyer 1,829,262 Failure 8/8/2009
First State Bank Of Pinellas Seller 52,783 Pooling of Interests Discontinued 8/10/2001
Relationships Role Relationship Start Relationship End
First State Financial Corporation Parent 3/11/1999 8/7/2009
First State Financial Corporation Parent 9/30/1998 3/10/1999
First State Financial Corporation Parent 6/27/1998 9/29/1998
First State Financial Corporation Parent 4/9/1998 6/26/1998
First State Financial Corporation Parent 3/27/1998 4/8/1998
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