# SUNSHINE BANK
PLANT CITY, FL · FDIC certificate 30750 · asset band $300M-1B · latest filing 2017-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $944.8M | |
| Deposits | $723.1M | |
| Loans and leases | $706.0M | |
| Total equity | $122.4M | |
| Loans / deposits | 97.12% (p78 of band) | 85.15% |
| Liquid assets / assets | 14.86% (p21 of band) | |
| Uninsured deposits / deposits | 27.77% (p70 of band) | 21.69% |
| Brokered deposits | 5.88% | |
| Wholesale funding | 15.97% (p82 of band) | |
| FHLB advances / assets | 10.05% | |
| Tier 1 leverage | 11.06% (p67 of band) | 10.22% |
| Unrealized securities loss / equity | -1.30% (p33 of band) | -0.60% |
| AOCI / equity | 0.03% (p45 of band) | |
| ROA (annualized) | -0.16% (p2 of band) | 0.90% |
| Net interest margin | 3.94% (p67 of band) | 3.66% |
| Efficiency ratio | 97.00% (p99 of band) | |
| Noncurrent loans | 0.25% (p29 of band) | 0.54% |
| Net charge-offs (annualized) | -0.05% (p6 of band) | |
| Reserve coverage of noncurrent | 212.10% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 46.83% (p56 of band) | |
| Auto loans | $62,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -1.4% | |
| Employees | 154 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | securities losses >30% of equity |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 0 |  | securities losses >30% of equity |
| 2012-06 | 3 | charge-offs p90, reserve under noncurrent, uninsured deposits leaving |  |
| 2012-09 | 4 | losing money, expense ratio p90, deposits shrinking | charge-offs p90, uninsured deposits leaving |
| 2012-12 | 3 |  | deposits shrinking |
| 2013-03 | 6 | capital falling, noncurrent p90, charge-offs p90 |  |
| 2013-06 | 1 |  | losing money, expense ratio p90, capital falling, noncurrent p90, charge-offs p90 |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | capital falling |  |
| 2014-06 | 6 | losing money, expense ratio p90, noncurrent p90, charge-offs p90 |  |
| 2014-09 | 3 |  | capital falling, expense ratio p90, charge-offs p90 |
| 2014-12 | 4 | expense ratio p90, charge-offs p90 | noncurrent p90 |
| 2015-03 | 3 | capital falling | reserve under noncurrent, charge-offs p90 |
| 2015-06 | 3 | NIM <2.5% | capital falling |
| 2015-09 | 1 |  | losing money, NIM <2.5% |
| 2015-12 | 3 | capital falling, losing money |  |
| 2016-03 | 1 |  | capital falling, losing money |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | wholesale funding >15% |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 | capital falling | expense ratio p90 |
| 2017-06 | 1 | brokered >10% | wholesale funding >15%, capital falling |
| 2017-09 | 0 |  | brokered >10% |
| 2017-12 | 3 | wholesale funding >15%, losing money, expense ratio p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2016-11-01 [Sunshine Bancorp completes Florida Bank of Commerce merger - Plant City Observer](https://news.google.com/rss/articles/CBMilAFBVV95cUxQSFBPLXE0bndYRF83cmJ2R3Y2Mzd6VTUwdU1ad1MtR1hZTERsSUJaeDdhNFVPdzUzVzBaZXN4aGJrMW1ZWFhhRzNaMEMyRjRjR1hxNW5PZUNCcVJodkdkRXViSHFBT2xvRFFkaGFZRGlpb1ZjQ0ZCa2lmbm84eE1tZ2R1NmliZWlmUjRMcUxubUJ3TlNw?oc=5) · Plant City Observer
- 2018-01-02 [CenterState Bank Corporation Completes Acquisitions to become one of Florida's Largest Community Banks - PR Newswire](https://news.google.com/rss/articles/CBMi7gFBVV95cUxQMkNJbTZkOExPZXNrYzZqem50Z1JWOG1mQUxDeDlaLWpreXFGM1lNcGU2bmxlTXpfbmFpdElUdmpha3BUelFiUUM4UmJTQkNYcUpDSHoxV0lVX0NzbGM2VzJYcFVCMTZqZGc2STI0azZ5dkxWb294RWlIXzBtc0FWclA0OGZWUGxUcU05eHJhU1NNZTJXSnFnakRvZjhxTGRDUmdQWUg4NHFFOHdaSVk4YlV0aHZWaGp0Y2ZVQXJ0czUtbXhrZTZvaWROYVJkZk5ZWV9HZklNOFgzMWk0YUM4NngzSV95ZEhrLWc5dDl3?oc=5) · PR Newswire
- 2015-07-23 [Sunshine Bank Comes to Lakeland - Lakeland Ledger](https://news.google.com/rss/articles/CBMilgFBVV95cUxQa1VTdlh6d0h5NzJrbEh4Z0xHQ0NGaFhpMThwczdnTGxFc2V2OG9KZnJzeDV6WTFQX24zRE1jS3puRnRuSnlURmRzZmZ3bThuODBUc3dhLVlyeEVSX2VnaVRNallsVnM4YUd3RFpWZTNOcFg1RmNRNkViU3A5OEtjdDlFeUpuMUxpNXFFZ2hUMjY3YjFIa3c?oc=5) · Lakeland Ledger
- 2017-08-14 [CenterState Bank buys Harbor Community, Sunshine banks - Gainesville Sun](https://news.google.com/rss/articles/CBMivwFBVV95cUxQT0pOTm9nR1NRVGxYZnMyNDEtMTBxWXhZeTEwYXY0QTNuZHluVWpBSHN0bmh2b3NwMlFad2hLQXFrektyTHREclZBbXhmYXZBTmpzRzZ6UnBJVGYtSDV2RWtDS1ZSYlRGc2Z3RmxvdVowWHRsRmlXTUNjZVNQNDFJZkdneUF1NGlOaWVrc3FTamdyNHh1V05Fa2Y2S3Q1YzA0YVRkSUpNX25IUG1lYkhDdVFLRjVhVHR4T2ZOX1NNUQ?oc=5) · Gainesville Sun
- 2020-01-27 [CenterState to merge with South State in $6 billion deal - Sarasota Herald-Tribune](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPc0E0YnhCUVRvWW1oTVB5RGdOZlFfOEFERmI5aU1GV0hObkVmRzZqSmdtZWFFLXFEUkVXdXlXeUpPX3A3ZHRTWE1Rbzk3bzVudldBeVkyN3hvZ2kyOTF6al9GREFJaDIxWXZYS2NPZThEOElZS2R5b1JYTUU2aU5tand0WGduM0haYmZ2WGZONC11d0ZpeHZ5R1ZZQlhzd0VzNVV0N1MzbHZvcDZHdlBFcm9RWE9OTzM4bDV0d25aNV8?oc=5) · Sarasota Herald-Tribune
- 2014-12-10 [Sunshine Bank rebrands, looks ahead for next 60 years - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxNb3Z0ODhvSUZPeUFQMUxTWjNLNG1hSVZCdXphRm9EQ0o5cXV6bzdZRzNXUUJORnJpdU1tb3hSQTZRSEZGdVlhZHZNa1VXdVVqXzBLYl9WLVlqVzcyVi1WVjVlSGM2NlVEZlZ1VEJkLU13NlU1R1YwWGF5dXVJa0drNnRaS3JCeWF4V1NVZ1gzTzB6Mk9YZFhFZzU4N3BIUERqNWVraUs2UQ?oc=5) · The Business Journals
- 2016-05-10 [Local bank branches part of merger - Florida Today](https://news.google.com/rss/articles/CBMimAFBVV95cUxOUGd4OGQ1djVGZHRZdXJ2VHhTbjgwR0pCOEVObV9Ba05fT25QdEl3Ul96OGNuZDlLa0EzdFdMbnVxTV9uVHlua1JZOV9qVE0wenVZYlBfUzhyR1V3Wi1hRVBuNU92dGx1aVV2SFVLQTBvb0pFT3N1czl6U1p0Y1hpOFdVeUZyZEo1eTZ0cmM3VGJ6MldQemUxMg?oc=5) · Florida Today
- 2014-10-14 [Former Susquehanna Bank CEO joins Florida bank - LancasterOnline](https://news.google.com/rss/articles/CBMi4gFBVV95cUxOMG84cE5EbW53eTNWM0s2MTdjNFNJOWU1U2FKV2o3TXFFaWo2NUhpX0o4Tm9HYzRRY1ZLenZGdDEtemFGV19ZMXA4XzFVOGNwSjk4bUtNTnJvUUJZa3ppOWJOSHFLVzdqbjQzdS1PdHk1WFMyZDFHQ2JfZGxzUEJDdWR5Tm9Sdy00a1lpemRtTGVXd0NQcjIyYk8zTWMycG53TWZYclBPQnM1YUxqZ0dyVWJjWEJhQzhNSUU1TzBwV2wyWTRtT0ppa2s2bEVEWUp0VVk3elpjRW9FM3AyZEpsVmxn?oc=5) · LancasterOnline

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=30750 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/30.json (key "30750", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide