First Citrus Bank

Headquarters

10824 N. Dale Mabry Highway
Tampa, FL 33618
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Citrus Bank is an FDIC insured institution located in Tampa, FL. It was founded in 1999 and has approximately $0.57 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 34899
Date Established 1999
Assets $ 565.62 million
Loans $ 436.16 million
Deposits $ 472.47 million
Capital $ 44.49 million
 

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

Deposit Rates - January 15, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - January 15, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Citrus Bank

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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.701% 2.625% 1.00 $2,495 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to First Citrus Bank
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Branches

First Citrus Bank 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


First Citrus Bank Locations


Financial Details

First Citrus Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Citrus Bank. 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 Citrus Bank U.S. Bank Average
2.9% 6.14%

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 September 30, 2020, First Citrus Bank had $1,364,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $44,485,000 in equity and $2,585,000 in loans loss reserves. That gives it a Texas Ratio of 2.9%.

Return on Equity
First Citrus Bank U.S. Bank Average
11.41% 9.23%

First Citrus Bank has a Return on Equity of 11.41% versus the BestCashCow average of 9.23%. 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 Citrus Bank U.S. Bank Average
7.86% 12.07%

First Citrus Bank has a Capitalization of 7.86% versus the BestCashCow average of 12.07. 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 Citrus Bank Balance Sheet Analysis

As of September 30, 2020, First Citrus Bank had assets of $565,616,000, loans of $436,160,000, and deposits of $472,471,000. 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

September 30, 2020
ASSETS
Cash & Balances due from depository institutions $ 110.75 million
Interest-bearing balances $ 104.97 million
Total securities $ 0.14 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 436.16 million
Loan loss allowance $ 2.59 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 11.05 million
     Total Assets $ 521.13 million
LIABILITIES
Total deposits $ 472.47 million
      Interest-bearing deposits $ 322.45 million
      Deposits held in domestic offices $ 472.47 million
      % insured (estimated) 66.37%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 45.24 million
Subordinated debt N.A.
All other liabilities $ 3.42 million
      Total Liabilities $ 521.13 million
      Shareholders’ Equity $ 44.49 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income $ 14.56 million
Total Interest Expense $ 2.02 million
Net interest income $ 12.54 million
Provision for loan and lease losses $ 0.48 million
Total non interest income $ 1.27 million
Total non interest expense $ 8.55 million
Pre-tax Net Operating Income $ 4.78 million

Bank Loan Profile?

The top three loan types in First Citrus Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Florida, First Citrus Bank has a significantly higher percent of 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 9.68
Multifamily
Mortgages
1.03
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 0.00
Construction and Development Loans 5.39
Commercial Real Estate 51.73
Commercial and Industrial Loans 31.89
Farm Loans 0.00

Frequently Asked Questions About First Citrus Bank

Branches and Savings

Is First Citrus Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34899.

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

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

Why are First Citrus Bank CD rates not competitive?

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

Is First Citrus Bank a commercial bank?

Yes

Where are First Citrus Bank locations?

See branch locations nearby.

Is First Citrus Bank open on Saturdays?

Is First Citrus Bank open on Sundays?

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What time does First Citrus Bank close?

Are First Citrus Bank ATMs Open 24/7?

Do First Citrus Bank ATMs accept cash deposits?

Can First Citrus Bank customers use other ATMs?

Do First Citrus Bank branches have notaries?

Will First Citrus Bank notarize my document?

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

Will the First Citrus Bank branch print checks?

Do First Citrus Bank checks expire?

Does First Citrus Bank require US citizenship to open account?

Can First Citrus Bank close my account?

Does First Citrus Bank Report to credit bureaus?

Does First Citrus Bank Use Equifax?

What is First Citrus Bank's ACH Routing Number?

What is First Citrus Bank's SWIFT code?

Products

Does First Citrus Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Citrus Bank offer personal loans?

Compare personal loan rates here.

Does First Citrus Bank offer student loans?

Will First Citrus Bank cash a check?

Will First Citrus Bank redeem a savings bond?

Does First Citrus Bank cash savings bonds?

Will First Citrus Bank cash money orders?

Can First Citrus Bank issue a money order?

Does First Citrus Bank do currency exchange?

Background on The Bank

Who owns First Citrus Bank?

How long has First Citrus Bank been around?

Can First Citrus Bank transfer to other banks?

Does First Citrus Bank have quick pay?

Does First Citrus Bank accept rolled coins?

Will First Citrus Bank accept loose change?

Where is First Citrus Bank headquarters?

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