Community Bank of Florida, Inc.

Headquarters

28801 S.W. 157th Avenue
Homestead, FL 33033
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

Community Bank of Florida, Inc. is an FDIC insured institution located in Homestead, FL. It was founded in 1973 and has approximately $0.48 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 21258
Date Established 1973
Assets $ 479.21 million
Loans $ 339.61 million
Deposits $ 431.70 million
Capital $ 45.91 million
 

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

Deposit Rates - September 22, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 22, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Community Bank of Florida, Inc.

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 2020

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3.872% 3.750% 1.00 $3,750 $1,158 Learn More
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Featured - Virginia Home Equity Line Of Credit Rates 2020

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Note to Community Bank of Florida, Inc.
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Branches

Community Bank of Florida, Inc. 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


Community Bank of Florida, Inc. Locations


Financial Details

Community Bank of Florida, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Bank of Florida, Inc.. 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
Community Bank of Florida, Inc. U.S. Bank Average
38.05% 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, Community Bank of Florida, Inc. had $10,576,000 in non-current loans and $8,993,000 in owned real estate. To cover these potential losses it had $45,908,000 in equity and $5,519,000 in loans loss reserves. That gives it a Texas Ratio of 38.05%.

Return on Equity
Community Bank of Florida, Inc. U.S. Bank Average
7.44% 7.80%

Community Bank of Florida, Inc. has a Return on Equity of 7.44% 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
Community Bank of Florida, Inc. U.S. Bank Average
9.58% 12.68%

Community Bank of Florida, Inc. has a Capitalization of 9.58% 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.

Community Bank of Florida, Inc. Balance Sheet Analysis

As of March 31, 2015, Community Bank of Florida, Inc. had assets of $484,574,000, loans of $339,611,000, and deposits of $431,702,000. 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 $ 339.61 million
Loan loss allowance $ 5.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 8.99 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 431.70 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 $ 479.21 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 Community Bank of Florida, Inc.’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Florida, Community Bank of Florida, Inc. has a significantly higher percent of Small Business Loans, Farm 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 21.07
Multifamily
Mortgages
2.55
Credit Card Loans 0.48
Consumer Auto Loans 0.08
Small Business Loans 11.07
Construction and Development Loans 8.83
Commercial Real Estate 38.97
Commercial and Industrial Loans 5.55
Farm Loans 2.01

Frequently Asked Questions About Community Bank Of Florida, Inc.

Branches and Savings

Is Community Bank Of Florida, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #21258.

Why does Community Bank Of Florida, Inc. pay such low interest on savings accounts?

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

Why are Community Bank Of Florida, Inc. CD rates not competitive?

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

Is Community Bank Of Florida, Inc. a commercial bank?

Yes

Where are Community Bank Of Florida, Inc. locations?

See branch locations nearby.

Is Community Bank Of Florida, Inc. open on Saturdays?

Is Community Bank Of Florida, Inc. open on Sundays?

What time does Community Bank Of Florida, Inc. open?

What time does Community Bank Of Florida, Inc. close?

Are Community Bank Of Florida, Inc. ATMs Open 24/7?

Do Community Bank Of Florida, Inc. ATMs accept cash deposits?

Can Community Bank Of Florida, Inc. customers use other ATMs?

Do Community Bank Of Florida, Inc. branches have notaries?

Will Community Bank Of Florida, Inc. notarize my document?

What address for Community Bank Of Florida, Inc. should I put for incoming ACH transfers?

Will the Community Bank Of Florida, Inc. branch print checks?

Do Community Bank Of Florida, Inc. checks expire?

Does Community Bank Of Florida, Inc. require US citizenship to open account?

Can Community Bank Of Florida, Inc. close my account?

Does Community Bank Of Florida, Inc. Report to credit bureaus?

Does Community Bank Of Florida, Inc. Use Equifax?

What is Community Bank Of Florida, Inc.'s ACH Routing Number?

What is Community Bank Of Florida, Inc.'s SWIFT code?

Products

Does Community Bank Of Florida, Inc. offer mortgages?

Compare mortgage rates here.

Does Community Bank Of Florida, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Community Bank Of Florida, Inc. offer personal loans?

Compare personal loan rates here.

Does Community Bank Of Florida, Inc. offer student loans?

Will Community Bank Of Florida, Inc. cash a check?

Will Community Bank Of Florida, Inc. redeem a savings bond?

Does Community Bank Of Florida, Inc. cash savings bonds?

Will Community Bank Of Florida, Inc. cash money orders?

Can Community Bank Of Florida, Inc. issue a money order?

Does Community Bank Of Florida, Inc. do currency exchange?

Background on The Bank

Who owns Community Bank Of Florida, Inc.?

How long has Community Bank Of Florida, Inc. been around?

Can Community Bank Of Florida, Inc. transfer to other banks?

Does Community Bank Of Florida, Inc. have quick pay?

Does Community Bank Of Florida, Inc. accept rolled coins?

Will Community Bank Of Florida, Inc. accept loose change?

Where is Community Bank Of Florida, Inc. headquarters?

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