BankFIRST

Headquarters

1031 West Morse Boulevard, Suite 150
Winter Park, FL 32789
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

BankFIRST is an FDIC insured institution located in Winter Park, FL. It was founded in 1989 and has approximately $0.68 billion in assets.

FDIC Insured Yes
FDIC Certificate # 27550
Date Established 1989
Assets $ 679.82 million
Loans $ 373.58 million
Deposits $ 516.89 million
Capital $ 141.25 million
 

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

Deposit Rates - September 27, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 27, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for BankFIRST

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
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Note to BankFIRST
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Branches

BankFIRST 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:
Fairfield,Connecticut


BankFIRST Locations


Financial Details

BankFIRST Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankFIRST. 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
BankFIRST U.S. Bank Average
4.91% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, BankFIRST had $4,085,000 in non-current loans and $3,112,000 in owned real estate. To cover these potential losses it had $141,248,000 in equity and $5,224,000 in loans loss reserves. That gives it a Texas Ratio of 4.91%.

Return on Equity
BankFIRST U.S. Bank Average
2.23% 7.80%

BankFIRST has a Return on Equity of 2.23% versus the BestCashCow average of 7.80%. 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
BankFIRST U.S. Bank Average
20.78% 12.68%

BankFIRST has a Capitalization of 20.78% versus the BestCashCow average of 12.68. 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.

BankFIRST Balance Sheet Analysis

As of September 30, 2014, BankFIRST had assets of $679,817,000, loans of $373,580,000, and deposits of $516,885,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 373.58 million
Loan loss allowance $ 5.22 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.11 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 516.89 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 679.82 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in BankFIRST’s loan portfolio are Commercial Real Estate, Small Business Loans, and Commercial and Industrial Loans.

Compared to other banks in Florida, BankFIRST has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 13.62
Multifamily
Mortgages
0.43
Credit Card Loans 0.00
Consumer Auto Loans 0.10
Small Business Loans 38.39
Construction and Development Loans 8.86
Commercial Real Estate 62.96
Commercial and Industrial Loans 14.47
Farm Loans 0.00

Frequently Asked Questions About Bankfirst

Branches and Savings

Is Bankfirst FDIC insured?

Yes. It is covered under FDIC Certificate #27550.

Why does Bankfirst pay such low interest on savings accounts?

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

Why are Bankfirst CD rates not competitive?

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

Is Bankfirst a commercial bank?

Yes

Where are Bankfirst locations?

See branch locations nearby.

Is Bankfirst open on Saturdays?

Is Bankfirst open on Sundays?

What time does Bankfirst open?

What time does Bankfirst close?

Are Bankfirst ATMs Open 24/7?

Do Bankfirst ATMs accept cash deposits?

Can Bankfirst customers use other ATMs?

Do Bankfirst branches have notaries?

Will Bankfirst notarize my document?

What address for Bankfirst should I put for incoming ACH transfers?

Will the Bankfirst branch print checks?

Do Bankfirst checks expire?

Does Bankfirst require US citizenship to open account?

Can Bankfirst close my account?

Does Bankfirst Report to credit bureaus?

Does Bankfirst Use Equifax?

What is Bankfirst's ACH Routing Number?

What is Bankfirst's SWIFT code?

Products

Does Bankfirst offer mortgages?

Compare mortgage rates here.

Does Bankfirst offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bankfirst offer personal loans?

Compare personal loan rates here.

Does Bankfirst offer student loans?

Will Bankfirst cash a check?

Will Bankfirst redeem a savings bond?

Does Bankfirst cash savings bonds?

Will Bankfirst cash money orders?

Can Bankfirst issue a money order?

Does Bankfirst do currency exchange?

Background on The Bank

Who owns Bankfirst?

How long has Bankfirst been around?

Can Bankfirst transfer to other banks?

Does Bankfirst have quick pay?

Does Bankfirst accept rolled coins?

Will Bankfirst accept loose change?

Where is Bankfirst headquarters?

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