BankFIRST

1031 West Morse Boulevard, Suite 150
Winter Park, FL 32789

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27550
Date Established 1989
Assets $0.68 billion
Loans $0.37 billion
Deposits $0.52 billion
Capital $0.14 billion

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

For a more detailed analysis of BankFIRST'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 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

Savings Rates

Your Current Location: Virginia, VA 20146

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


Loan Rates

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
HomeDirect Mortgage
NMLS ID: 420821
3.888% 3.875% 0.13 $497 $1,176 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 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:
Ashburn,Virginia


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% 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, 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%. 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
BankFIRST U.S. Bank Average
2.23% 8.58

BankFIRST has a Return on Equity of 2.23% 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
BankFIRST U.S. Bank Average
20.78% 12.11

BankFIRST has a Capitalization of 20.78% 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.

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.

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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