Lafayette State Bank
FDIC #16396
📍 Mayo, Florida
Lafayette State Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 04/02/1946. With assets of $212.38 Million, it operates 4 domestic branches.
Customer Reviews
5 ★
Based on 1 ratings
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★★★★★ linda j
December 21, 2021
This is what banking should be. [-] people who take care of account holders.
Community Reinvestment Act (CRA) Rating
Latest Exam: December 1, 2021
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
December 1, 2021
Satisfactory
March 1, 2016
Satisfactory
March 1, 2010
Satisfactory
💰 Financial Strength
Total Assets$212.38 Million
Total Deposits$197.03 Million
Equity Capital$8.45 Million
Net Income$886,000
📈 Performance
ROA0.59%
ROE13.32%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established04/02/1946
FDIC Cert16396
Holding CoLafayette Banking Co
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2019
Relocation
Moved HQ to: 340 West Main Street, Mayo, FL 32066.
2006
Name Change
Name became: Changed Institution Name To Lafayette State Bank.
2001
Name Change
Name became: Changed Institution Name To Lafayette County State Bank.
2001
Relocation
Moved HQ to: Main And Lafayette Streets, Mayo, FL 32066.