First Commercial Bank of Florida

Headquarters

945 South Orange Avenue
Orlando, FL 32806
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Commercial Bank of Florida is an FDIC insured institution located in Orlando, FL. It was founded in 1999 and has approximately $0.58 billion in assets.

First Commercial Bank of Florida, Orlando, Florida, was closed on January 7, 2011 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 First Southern Bank, Boca Raton, Florida, to assume all of the deposits of First Commercial Bank of Florida.

FDIC Insured Yes
FDIC Certificate # 34965
Date Established 1999
Assets $ 578.64 million
Loans $ 425.12 million
Deposits $ 537.22 million
Capital N.A.
 

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

Deposit Rates - September 27, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - September 27, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Commercial Bank of Florida

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




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3.485% 3.375%
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Note to First Commercial Bank of Florida
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Branches

First Commercial 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:
Fairfield,Connecticut


First Commercial Bank of Florida Locations


Financial Details

First Commercial Bank of Florida Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Commercial 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
First Commercial Bank of Florida U.S. Bank Average
558.6% 5.29%

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, 2021, First Commercial Bank of Florida had $117,880,000 in non-current loans and $15,558,000 in owned real estate. To cover these potential losses it had $-13,112,000 in equity and $37,000,000 in loans loss reserves. That gives it a Texas Ratio of 558.6%.

Return on Equity
First Commercial Bank of Florida U.S. Bank Average
-253.16% 11.43%

First Commercial Bank of Florida has a Return on Equity of -253.16% versus the BestCashCow average of 11.43%. 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 Commercial Bank of Florida U.S. Bank Average
-2.27% 11.51%

First Commercial Bank of Florida has a Capitalization of -2.27% versus the BestCashCow average of 11.51. 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 Commercial Bank of Florida Balance Sheet Analysis

As of December 31, 2010, First Commercial Bank of Florida had assets of $578,638,000, loans of $425,116,000, and deposits of $537,223,000. 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, 2021
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 $ 425.12 million
Loan loss allowance $ 37.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 15.56 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 537.22 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 $ 578.64 million

Summary Income Statement

March 31, 2021
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 Commercial Bank of Florida’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Commercial Bank of Florida’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 Commercial Bank Of Florida

Branches and Savings

Is First Commercial Bank Of Florida FDIC insured?

Yes. It is covered under FDIC Certificate #34965.

Why does First Commercial 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 First Commercial Bank Of Florida CD rates not competitive?

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

Is First Commercial Bank Of Florida a commercial bank?

Yes

Where are First Commercial Bank Of Florida locations?

See branch locations nearby.

Is First Commercial Bank Of Florida open on Saturdays?

Is First Commercial Bank Of Florida open on Sundays?

What time does First Commercial Bank Of Florida open?

What time does First Commercial Bank Of Florida close?

Are First Commercial Bank Of Florida ATMs Open 24/7?

Do First Commercial Bank Of Florida ATMs accept cash deposits?

Can First Commercial Bank Of Florida customers use other ATMs?

Do First Commercial Bank Of Florida branches have notaries?

Will First Commercial Bank Of Florida notarize my document?

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

Will the First Commercial Bank Of Florida branch print checks?

Do First Commercial Bank Of Florida checks expire?

Does First Commercial Bank Of Florida require US citizenship to open account?

Can First Commercial Bank Of Florida close my account?

Does First Commercial Bank Of Florida Report to credit bureaus?

Does First Commercial Bank Of Florida Use Equifax?

What is First Commercial Bank Of Florida's ACH Routing Number?

What is First Commercial Bank Of Florida's SWIFT code?

Products

Does First Commercial Bank Of Florida offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Commercial Bank Of Florida offer personal loans?

Compare personal loan rates here.

Does First Commercial Bank Of Florida offer student loans?

Will First Commercial Bank Of Florida cash a check?

Will First Commercial Bank Of Florida redeem a savings bond?

Does First Commercial Bank Of Florida cash savings bonds?

Will First Commercial Bank Of Florida cash money orders?

Can First Commercial Bank Of Florida issue a money order?

Does First Commercial Bank Of Florida do currency exchange?

Background on The Bank

Who owns First Commercial Bank Of Florida?

How long has First Commercial Bank Of Florida been around?

Can First Commercial Bank Of Florida transfer to other banks?

Does First Commercial Bank Of Florida have quick pay?

Does First Commercial Bank Of Florida accept rolled coins?

Will First Commercial Bank Of Florida accept loose change?

Where is First Commercial Bank Of Florida headquarters?

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