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CenterState Bank of Florida, National Association

Overview / Commentary
800-786-7749
1101 First Street South
Winter Haven, FL 33880

CenterState Bank of Florida, National Association is headquartered in Winter Haven and is the 9th largest bank in the state of Florida. It is also the 216st largest bank in the nation. It was established in 1992 and as of June of 2014, it had grown to 858 employees at 69 locations. CenterState Bank of Florida, National Association has a A health rating.

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Health

Data for Q2 2014

Institution Health

A

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 CenterState Bank of Florida, National Association had $68.29 million in non-current loans and owned real-estate with $445.9 million in equity and loan loss allowances on hand to cover it. This gives CenterState Bank of Florida, National Association a Texas Ratio of 15.32% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for CenterState Bank of Florida, National Association decreased dramatically from 31.56% as of June 30, 2013 to 15.32% as of June 30, 2014, resulting in a positive change of 51.47%.This indicates that the balance sheet and financial strength for CenterState Bank of Florida, National Association has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, CenterState Bank of Florida, National Association has increased its total deposits by $1.33 billion, resulting in 67.21% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth CenterState Bank of Florida, National Association has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. CenterState Bank of Florida, National Association has $3.89 billion in assets with $445.9 million in equity, resulting in a capitalization level of 11.47%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #33555
Year Established1992
Employees858
Primary RegulatorOCC
Assets and Liabilities
Assets$3.89 billion
Loans$2.38 billion
Deposits$3.31 billion
Equity Capital$426.70 million
Loan Loss Allowance$19.19 million
Unbacked Noncurrent Loans$57.03 million
Real Estate Owned$11.27 million
Historic Data - June 2013
Assets$2.35 billion
Equity Capital$272.09 million
Loan Loss Allowance$23.64 million
Unbacked Noncurrent Loans$57.03 million
Real Estate Owned$4.55 million
Profit Margin - Quarterly
Return on Assets0.22%
Return on Equity2.09%
Interest Income$63.25 million
Rates

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CenterState Bank of Florida, National Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50-Health Savings Account
0.05%$100-Personal Savings
0.05%$100-Business Savings
0.05%$100-Personal Savings - Minor

CenterState Bank of Florida, National Association Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$100k-Personal Money Market
0.10%$100k-Business Money Market

CenterState Bank of Florida, National Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$50-VIP Free Interest Checking
0.05%$50-Business Interest Checking
0.05%$50-Community Hero Checking
0.05%$50-Interest Checking

CenterState Bank of Florida, National Association CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$500-60 Month CD
0.60%$500-48 Month CD
0.45%$500-36 Month CD
0.30%$500-24 Month CD
0.15%$500-18 Month CD
0.10%$500-12 Month CD
0.05%$500-3 Month CD
0.05%$500-6 Month CD
0.05%$500-9 Month CD

CenterState Bank of Florida, National Association IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$500-60 Month IRA
0.60%$500-48 Month IRA
0.45%$500-36 Month IRA
0.30%$500-24 Month IRA
0.15%$500-18 Month IRA
0.15%$500-18 Month Variable IRA
0.10%$500-12 Month IRA
0.05%$500-3 Month IRA
0.05%$500-6 Month IRA
0.05%$500-9 Month IRA
Locations

CenterState Bank of Florida, National Association has 55 locations. Click to view all CenterState Bank of Florida, National Association locations.