C1 Bank (merged into Bank of the Ozarks)
C1 Bank reported total assets of $1.7 bn at Q2 2016, its last Call Report before it merged into Bank of the Ozarks. The CET1 capital ratio at C1 Bank was 14.19%, and the uninsured share of C1 Bank was 33.63%. Source: FDIC Call Reports.
What sets C1 Bank apart
Nothing in the latest data sets C1 Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is C1 Bank?
The balance sheet of C1 Bank at : assets $1.7 bn, deposits $1.3 bn, net loans $1.4 bn (loans equal to 106.06% of deposits). Securities make up 0.0% of total assets at C1 Bank. Since , when C1 Bank held $1.8 bn, its assets shrank 4.3%. At , C1 Bank employed 224 full-time equivalent staff across 35 offices, about $7.6 mn of assets per employee and $36.9 mn of deposits per office.
How much funding at C1 Bank is uninsured?
At C1 Bank, uninsured deposits (above the FDIC limit) made up 33.63% of domestic deposits at . In dollars, C1 Bank estimated $434.5 mn of uninsured deposits.
Key facts, Q2 2016
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.3 bn | not available | |
| Net loans and leases | $1.4 bn | not available | |
| Loan-to-deposit ratio | 106.06% | not available | |
| Tier 1 leverage ratio | 11.54% | not available | |
| Total risk-based capital ratio | 14.70% | not available | |
| Net interest margin | 4.61% | not available | |
| Return on assets (ROA) | 1.26% | not available | |
| Efficiency ratio | 58.61% | not available | |
| Noncurrent loans to total loans | 3.74% | not available | |
| Net charge-offs to average loans | -0.08% | not available |
US rank of C1 Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
C1 Bank: assets, deposits and loans
- Total assets $1.7bn
- Deposits $1.3bn
- Net loans $1.4bn
Capital and securities
The CET1 ratio of C1 Bank stood at 14.19% in . Low and high at C1 Bank since : 12.80% () to 14.19% (). Equity capital of C1 Bank at : $201.8 mn, or 11.8% of total assets. C1 Bank also reported a total capital ratio of 14.70% for , and a tier 1 leverage ratio of 11.54%.
C1 Bank: capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 12%
C1 Bank: unrealized securities gains and losses
- Available for sale $0
- Held to maturity $0
Profitability and loan quality
For the year to , C1 Bank earned a return on equity of 11.18%; return on assets: 1.26%. Net interest margin at C1 Bank: 4.61%. C1 Bank net income: $11.0 mn. The efficiency ratio of C1 Bank was 58.61%: about 59 cents cost per revenue dollar, against 64 cents at the median peer.
At , noncurrent loans were 3.74% of total loans at C1 Bank; net charge-offs: -0.08% of average loans. Gross loans and leases at C1 Bank: $1.4 bn.
C1 Bank: profitability
- Return on equity 11%
- Net interest margin 4.6%
- Return on assets 1.3%
Peer group of C1 Bank
The peer group of C1 Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 4 share the charter type of C1 Bank (state nonmember bank) and 0 have head offices in Florida. Against them, C1 Bank shows CET1 ratio 14.19% against a peer median of 11.28%, return on equity 11.18% against a peer median of 10.16% and uninsured deposit share 33.63% against a peer median of 42.72%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Bank of Guam | State nonmember bank | GU | $1.7 bn | 10.69% | 11.44% | 67.08% | |
| North Shore Bank | State-chartered stock savings bank | WI | $1.7 bn | 17.55% | 2.27% | 11.50% | |
| UniBank for Savings | State nonmember bank | MA | $1.7 bn | 11.80% | 8.06% | 60.00% | |
| C1 Bank | State nonmember bank | FL | $1.7 bn | 14.19% | 11.18% | 33.63% | |
| Interaudi Bank | State nonmember bank | NY | $1.7 bn | 16.66% | 9.83% | 52.38% | |
| First Internet Bank of Indiana | State nonmember bank | IN | $1.7 bn | 10.75% | 10.49% | 16.81% | |
| Central Bank of Boone County | State member bank | MO | $1.7 bn | 9.73% | 15.34% | 33.07% | |
. FDIC Call Reports.
Last eight quarters
Two years at C1 Bank, to : assets $1.8 bn to $1.7 bn, deposits $1.4 bn to $1.3 bn, equity $196.1 mn to $201.8 mn. Staff 226 to 224.
| Metric | Q1 2016 | Q2 2016 |
|---|---|---|
| Total assets | $1.8 bn | $1.7 bn |
| Total deposits | $1.4 bn | $1.3 bn |
| Bank equity capital | $196.1 mn | $201.8 mn |
| CET1 ratio | 12.80% | 14.19% |
| Return on equity (ROE) | 10.82% | 11.18% |
| Uninsured share of domestic deposits | 35.88% | 33.63% |
| Full-time equivalent employees | 226 | 224 |
| Number of offices | 35 | 35 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of C1 Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Bank of the Ozarks (FDIC certificate 110).
Questions and identifiers
What were the total assets of C1 Bank?
C1 Bank reported $1.7 bn at in its Call Report.
Is C1 Bank the same as its holding company?
No. This page covers C1 Bank, FDIC certificate 34092; C1 FINANCIAL INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is C1 Bank profitable?
C1 Bank reported net income of $11.0 mn for the year to ; annualized return on equity: 11.18%. So yes: C1 Bank made a profit over these months.
When is data for C1 Bank next updated?
C1 Bank no longer files Call Reports; its data ends at .
Where can I check the figures for C1 Bank?
In the FDIC BankFind Suite record for certificate 34092, and in the Call Reports of C1 Bank (RSSD ID 2362074) at the FFIEC Central Data Repository.