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This institution is no longer active

Operations ceased on August 7, 2009. CRA examination history below reflects the period it was active.

FIRST STATE BANK

SARASOTA, FL · Supervised by FDIC

Est. 1988FDIC #27,364RSSD: FDIC-27364
Satisfactory

Current rating · Exam: July 2009

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Institution Profile

FDIC BankFind

Address

22 South Links Avenue, SARASOTA, FL

County

Sarasota County

Established

October 27, 1988

Total Assets

$448M(latest call report)

Financial Snapshot

As of Q2 2009Call Report / FDIC

Total Assets

$448M

Total Deposits

$395M

Net Loans

$341M

Net Income

$-22,453K

ROA

-9.97%

ROE

-300.14%

Risk-Based Capital

2.67%

Total Assets — Last 8 Quarters

Total AssetsROA

Current Examination

CRA / FFIEC

Overall Rating

Satisfactory

Exam Date

July 1, 2009

Exam Type

Intermediate Small Bank

Regulator

FDIC

Rating History

CRA / FFIEC

5 previous ratings locked — dating back to 1990

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance
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