AmericanFirst Bank

183 North Highway 27
Clermont, FL 34711


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57724
Date Established 2004
Assets $0.09 billion
Loans $0.06 billion
Deposits $0.08 billion
Capital $0.00 billion

AmericanFirst Bank is an FDIC insured institution located in Clermont, FL. It was founded in 2004 and has approximately $0.1 billion in assets.

On April 16, 2010 TD Bank, National Association (N.A.), Wilmington, Delaware, acquired the banking operations, including all the deposits, of three Florida-based institutions. To protect depositors, the Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with TD Bank, N.A. The institutions were closed by their respective chartering authority, and the FDIC was named receiver for each institution. AmericanFirst Bank, Clermont, was closed by the Florida Office of Financial Regulation; First Federal Bank of North Florida, Palatka, was closed by the Office of Thrift Supervision; and Riverside National Bank of Florida, Fort Pierce, was closed by the Office of the Comptroller of the Currency. The three failed institutions were not affiliated with one another.

For a more detailed analysis of AmericanFirst Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no rates available for Americanfirst Bank, but see these great savings and CD rates:

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Loan Rates - October 22, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for AmericanFirst Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
3.630% 3.625% 0.00 $142 $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to AmericanFirst Bank
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Financial Details

AmericanFirst Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of AmericanFirst Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
AmericanFirst Bank U.S. Bank Average
191.46% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, AmericanFirst Bank had $12,014,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $373,000 in equity and $5,902,000 in loans loss reserves. That gives it a Texas Ratio of 191.46%.

Return on Equity
AmericanFirst Bank U.S. Bank Average
-126.88% 9.50%

AmericanFirst Bank has a Return on Equity of -126.88% versus the BestCashCow average of 9.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

AmericanFirst Bank U.S. Bank Average
0.41% 12.76%

AmericanFirst Bank has a Capitalization of 0.41% versus the BestCashCow average of 12.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

AmericanFirst Bank Balance Sheet Analysis

As of November 30, -0001, AmericanFirst Bank had assets of $104,034,000, loans of $64,885,000, and deposits of $81,887,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2019
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.06 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
Total deposits $0.08 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.09 billion

Summary Income Statement

June 30, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in AmericanFirst Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, AmericanFirst Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Americanfirst Bank

Branches and Savings

Is Americanfirst Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57724.

Why does Americanfirst Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Americanfirst Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Americanfirst Bank a commercial bank?


Where are Americanfirst Bank locations?

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Is Americanfirst Bank open on Saturdays?

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Does Americanfirst Bank require US citizenship to open account?

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Does Americanfirst Bank offer mortgages?

Compare mortgage rates here.

Does Americanfirst Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Americanfirst Bank offer personal loans?

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Does Americanfirst Bank offer student loans?

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Background on The Bank

Who owns Americanfirst Bank?

How long has Americanfirst Bank been around?

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Does Americanfirst Bank have quick pay?

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