First Bank of Jacksonville

Headquarters

11100 San Jose Boulevard
Jacksonville, FL 32223
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

First Bank of Jacksonville is an FDIC insured institution located in Jacksonville, FL. It was founded in 1989 and has approximately $0.07 billion in assets.

First Bank of Jacksonville, Jacksonville, Florida, was closed October 22, 2010 by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie, Georgia, to assume all of the deposits of First Bank of Jacksonville.

FDIC Insured Yes
FDIC Certificate # 27573
Date Established 1989
Assets $ 73.92 million
Loans $ 51.85 million
Deposits $ 72.20 million
Capital N.A.
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Bank of Jacksonville

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
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $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
More Info

Note to First Bank of Jacksonville
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First Bank of Jacksonville 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


First Bank of Jacksonville Locations


Financial Details

First Bank of Jacksonville Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank of Jacksonville. 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
First Bank of Jacksonville U.S. Bank Average
1305.78% 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, First Bank of Jacksonville had $8,533,000 in non-current loans and $2,984,000 in owned real estate. To cover these potential losses it had $-1,303,000 in equity and $2,185,000 in loans loss reserves. That gives it a Texas Ratio of 1305.78%.

Return on Equity
First Bank of Jacksonville U.S. Bank Average
-464.99% 7.80%

First Bank of Jacksonville has a Return on Equity of -464.99% 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
First Bank of Jacksonville U.S. Bank Average
-1.76% 12.68%

First Bank of Jacksonville has a Capitalization of -1.76% 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.

First Bank of Jacksonville Balance Sheet Analysis

As of November 30, -0001, First Bank of Jacksonville had assets of $73,922,000, loans of $51,849,000, and deposits of $72,198,000. 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 $ 51.85 million
Loan loss allowance $ 2.19 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.98 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 72.20 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 $ 73.92 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 First Bank of Jacksonville’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Bank of Jacksonville’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About First Bank Of Jacksonville

Branches and Savings

Is First Bank Of Jacksonville FDIC insured?

Yes. It is covered under FDIC Certificate #27573.

Why does First Bank Of Jacksonville pay such low interest on savings accounts?

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

Why are First Bank Of Jacksonville CD rates not competitive?

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

Is First Bank Of Jacksonville a commercial bank?

Yes

Where are First Bank Of Jacksonville locations?

See branch locations nearby.

Is First Bank Of Jacksonville open on Saturdays?

Is First Bank Of Jacksonville open on Sundays?

What time does First Bank Of Jacksonville open?

What time does First Bank Of Jacksonville close?

Are First Bank Of Jacksonville ATMs Open 24/7?

Do First Bank Of Jacksonville ATMs accept cash deposits?

Can First Bank Of Jacksonville customers use other ATMs?

Do First Bank Of Jacksonville branches have notaries?

Will First Bank Of Jacksonville notarize my document?

What address for First Bank Of Jacksonville should I put for incoming ACH transfers?

Will the First Bank Of Jacksonville branch print checks?

Do First Bank Of Jacksonville checks expire?

Does First Bank Of Jacksonville require US citizenship to open account?

Can First Bank Of Jacksonville close my account?

Does First Bank Of Jacksonville Report to credit bureaus?

Does First Bank Of Jacksonville Use Equifax?

What is First Bank Of Jacksonville's ACH Routing Number?

What is First Bank Of Jacksonville's SWIFT code?

Products

Does First Bank Of Jacksonville offer mortgages?

Compare mortgage rates here.

Does First Bank Of Jacksonville offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank Of Jacksonville offer personal loans?

Compare personal loan rates here.

Does First Bank Of Jacksonville offer student loans?

Will First Bank Of Jacksonville cash a check?

Will First Bank Of Jacksonville redeem a savings bond?

Does First Bank Of Jacksonville cash savings bonds?

Will First Bank Of Jacksonville cash money orders?

Can First Bank Of Jacksonville issue a money order?

Does First Bank Of Jacksonville do currency exchange?

Background on The Bank

Who owns First Bank Of Jacksonville?

How long has First Bank Of Jacksonville been around?

Can First Bank Of Jacksonville transfer to other banks?

Does First Bank Of Jacksonville have quick pay?

Does First Bank Of Jacksonville accept rolled coins?

Will First Bank Of Jacksonville accept loose change?

Where is First Bank Of Jacksonville headquarters?

Customer Reviews for First Bank of Jacksonville

There are currently no comments for First Bank of Jacksonville. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →