Bank of Central Florida

5015 South Florida Avenue
Lakeland, FL 33813

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58479
Date Established 2007
Assets $0.50 billion
Loans $0.30 billion
Deposits $0.46 billion
Capital $0.04 billion

Bank of Central Florida is an FDIC insured institution located in Lakeland, FL. It was founded in 2007 and has approximately $0.5 billion in assets. Customers can open an account at one of its 5 branches.

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

Bank Loan Profile?

The top three loan types in Bank of Central Florida’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Florida, Bank of Central Florida has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.06
Multifamily
Mortgages
1.11
Credit Card Loans 0.00
Consumer Auto Loans 0.08
Small Business Loans 15.71
Construction and Development Loans 8.37
Commercial Real Estate 37.50
Commercial and Industrial Loans 24.67
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

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


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Central Florida

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Central Florida
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Branches

Bank of Central Florida branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank Of Central Florida Locations

Financial Details

Bank of Central Florida Ratio Analysis

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

Texas Ratio
Bank of Central Florida U.S. Bank Average
1% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Central Florida had $328,000 in non-current loans and $81,000 in owned real estate. To cover these potential losses it had $38,234,000 in equity and $2,829,000 in loans loss reserves. That gives it a Texas Ratio of 1%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Central Florida U.S. Bank Average
12.16% 8.58

Bank of Central Florida has a Return on Equity of 12.16% versus the BestCashCow average of 8.58. 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.

Capitalization
Bank of Central Florida U.S. Bank Average
7.6% 12.11

Bank of Central Florida has a Capitalization of 7.6% versus the BestCashCow average of 12.11. 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.

Bank of Central Florida Balance Sheet Analysis

As of June 30, 2017, Bank of Central Florida had assets of $503,190,000, loans of $301,683,000, and deposits of $462,812,000. 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.

Frequently Asked Questions About Bank of Central Florida

Branches and Savings

Is Bank of Central Florida FDIC insured?

Yes. It is covered under FDIC Certificate #58479.

Why does Bank of Central Florida pay such low interest on savings accounts?

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

Why are Bank of Central Florida CD rates not competitive?

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

Is Bank of Central Florida a commercial bank?

Yes

Where are Bank of Central Florida locations?

See branch locations nearby.

Is Bank of Central Florida open on Saturdays?

Is Bank of Central Florida open on Sundays?

What time does Bank of Central Florida open?

What time does Bank of Central Florida close?

Are Bank of Central Florida ATMs Open 24/7?

Do Bank of Central Florida ATMs accept cash deposits?

Can Bank of Central Florida customers use other ATMs?

Do Bank of Central Florida branches have notaries?

Will Bank of Central Florida notarize my document?

What address for Bank of Central Florida should I put for incoming ACH transfers?

Will the Bank of Central Florida branch print checks?

Do Bank of Central Florida checks expire?

Does Bank of Central Florida require US citizenship to open account?

Can Bank of Central Florida close my account?

Does Bank of Central Florida Report to credit bureaus?

Does Bank of Central Florida Use Equifax?

What is Bank of Central Florida's ACH Routing Number?

What is Bank of Central Florida's SWIFT code?

Products

Does Bank of Central Florida offer mortgages?

Compare mortgage rates here.

Does Bank of Central Florida offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Central Florida offer personal loans?

Compare personal loan rates here.

Does Bank of Central Florida offer student loans?

Will Bank of Central Florida cash a check?

Will Bank of Central Florida redeem a savings bond?

Does Bank of Central Florida cash savings bonds?

Will Bank of Central Florida cash money orders?

Can Bank of Central Florida issue a money order?

Does Bank of Central Florida do currency exchange?

Background on The Bank

Who owns Bank of Central Florida?

How long has Bank of Central Florida been around?

Can Bank of Central Florida transfer to other banks?

Does Bank of Central Florida have quick pay?

Does Bank of Central Florida accept rolled coins?

Will Bank of Central Florida accept loose change?

Where is Bank of Central Florida headquarters?

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