Fidelity Bank of Florida

Headquarters

1380 North Courtenay Parkway
Merritt Island, FL 32953
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Fidelity Bank of Florida is an FDIC insured institution located in Merritt Island, FL. It was founded in 1990 and has approximately $0.17 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 33198
Date Established 1990
Assets $ 168.43 million
Loans $ 114.43 million
Deposits $ 136.52 million
Capital $ 30.80 million
 

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

Deposit Rates - July 12, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - July 12, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Fidelity Bank of 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.950% 2.875% 1.00 $2,438 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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PenFed Credit Union
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3.750 %
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Note to Fidelity Bank of Florida
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Branches

Fidelity Bank of 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


Fidelity Bank of Florida Locations


Financial Details

Fidelity Bank of Florida Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Fidelity Bank of 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
Fidelity Bank of Florida U.S. Bank Average
8.14% 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, Fidelity Bank of Florida had $2,687,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $30,798,000 in equity and $2,221,000 in loans loss reserves. That gives it a Texas Ratio of 8.14%.

Return on Equity
Fidelity Bank of Florida U.S. Bank Average
2.84% 7.80%

Fidelity Bank of Florida has a Return on Equity of 2.84% 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
Fidelity Bank of Florida U.S. Bank Average
18.29% 12.68%

Fidelity Bank of Florida has a Capitalization of 18.29% 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.

Fidelity Bank of Florida Balance Sheet Analysis

As of June 30, 2019, Fidelity Bank of Florida had assets of $168,810,000, loans of $114,434,000, and deposits of $136,521,000. 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 $ 16.97 million
Interest-bearing balances $ 0.47 million
Total securities $ 26.33 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 114.43 million
Loan loss allowance $ 2.22 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.00 million
All other assets $ 8.99 million
     Total Assets $ 138.01 million
LIABILITIES
Total deposits $ 136.52 million
      Interest-bearing deposits $ 122.48 million
      Deposits held in domestic offices $ 136.52 million
      % insured (estimated) 88.36%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.49 million
      Total Liabilities $ 138.01 million
      Shareholders’ Equity $ 30.42 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.32 million
Total Interest Expense $ 0.93 million
Net interest income $ 3.39 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.19 million
Total non interest expense $ 3.90 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Florida, Fidelity Bank of Florida 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 10.76
Multifamily
Mortgages
1.17
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 42.63
Construction and Development Loans 6.36
Commercial Real Estate 76.56
Commercial and Industrial Loans 7.29
Farm Loans 0.00

Frequently Asked Questions About Fidelity Bank Of Florida

Branches and Savings

Is Fidelity Bank Of Florida FDIC insured?

Yes. It is covered under FDIC Certificate #33198.

Why does Fidelity Bank Of Florida pay such low interest on savings accounts?

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

Why are Fidelity Bank Of Florida CD rates not competitive?

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

Is Fidelity Bank Of Florida a commercial bank?

Yes

Where are Fidelity Bank Of Florida locations?

See branch locations nearby.

Is Fidelity Bank Of Florida open on Saturdays?

Is Fidelity Bank Of Florida open on Sundays?

What time does Fidelity Bank Of Florida open?

What time does Fidelity Bank Of Florida close?

Are Fidelity Bank Of Florida ATMs Open 24/7?

Do Fidelity Bank Of Florida ATMs accept cash deposits?

Can Fidelity Bank Of Florida customers use other ATMs?

Do Fidelity Bank Of Florida branches have notaries?

Will Fidelity Bank Of Florida notarize my document?

What address for Fidelity Bank Of Florida should I put for incoming ACH transfers?

Will the Fidelity Bank Of Florida branch print checks?

Do Fidelity Bank Of Florida checks expire?

Does Fidelity Bank Of Florida require US citizenship to open account?

Can Fidelity Bank Of Florida close my account?

Does Fidelity Bank Of Florida Report to credit bureaus?

Does Fidelity Bank Of Florida Use Equifax?

What is Fidelity Bank Of Florida's ACH Routing Number?

What is Fidelity Bank Of Florida's SWIFT code?

Products

Does Fidelity Bank Of Florida offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Fidelity Bank Of Florida offer personal loans?

Compare personal loan rates here.

Does Fidelity Bank Of Florida offer student loans?

Will Fidelity Bank Of Florida cash a check?

Will Fidelity Bank Of Florida redeem a savings bond?

Does Fidelity Bank Of Florida cash savings bonds?

Will Fidelity Bank Of Florida cash money orders?

Can Fidelity Bank Of Florida issue a money order?

Does Fidelity Bank Of Florida do currency exchange?

Background on The Bank

Who owns Fidelity Bank Of Florida?

How long has Fidelity Bank Of Florida been around?

Can Fidelity Bank Of Florida transfer to other banks?

Does Fidelity Bank Of Florida have quick pay?

Does Fidelity Bank Of Florida accept rolled coins?

Will Fidelity Bank Of Florida accept loose change?

Where is Fidelity Bank Of Florida headquarters?

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