First Community Bank of Southwest Florida

Headquarters

1565 Red Cedar Drive
Fort Myers, FL 33907
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
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 Community Bank of Southwest Florida is an FDIC insured institution located in Fort Myers, FL. It was founded in 1999 and has approximately $0.25 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34943
Date Established 1999
Assets $ 247.32 million
Loans $ 170.59 million
Deposits $ 243.62 million
Capital N.A.
 

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

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

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

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 2021

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Featured - Connecticut Home Equity Line Of Credit Rates 2021

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Note to First Community Bank of Southwest Florida
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Branches

First Community Bank of Southwest 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 Community Bank of Southwest Florida Locations


Financial Details

First Community Bank of Southwest Florida Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Community Bank of Southwest 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 Community Bank of Southwest Florida U.S. Bank Average
609.47% 5.49%

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 December 31, 2020, First Community Bank of Southwest Florida had $18,812,000 in non-current loans and $25,661,000 in owned real estate. To cover these potential losses it had $-1,527,000 in equity and $8,824,000 in loans loss reserves. That gives it a Texas Ratio of 609.47%.

Return on Equity
First Community Bank of Southwest Florida U.S. Bank Average
-468.19% 9.24%

First Community Bank of Southwest Florida has a Return on Equity of -468.19% versus the BestCashCow average of 9.24%. 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 Community Bank of Southwest Florida U.S. Bank Average
-0.62% 11.96%

First Community Bank of Southwest Florida has a Capitalization of -0.62% versus the BestCashCow average of 11.96. 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 Community Bank of Southwest Florida Balance Sheet Analysis

As of June 30, 2013, First Community Bank of Southwest Florida had assets of $247,315,000, loans of $170,587,000, and deposits of $243,618,000. 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

December 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 $ 170.59 million
Loan loss allowance $ 8.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 25.66 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 243.62 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 $ 247.32 million

Summary Income Statement

December 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 Community Bank of Southwest Florida’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Florida, First Community Bank of Southwest Florida 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 20.13
Multifamily
Mortgages
1.03
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 16.29
Construction and Development Loans 6.83
Commercial Real Estate 67.77
Commercial and Industrial Loans 7.12
Farm Loans 0.00

Frequently Asked Questions About First Community Bank Of Southwest Florida

Branches and Savings

Is First Community Bank Of Southwest Florida FDIC insured?

Yes. It is covered under FDIC Certificate #34943.

Why does First Community Bank Of Southwest 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 Community Bank Of Southwest Florida CD rates not competitive?

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

Is First Community Bank Of Southwest Florida a commercial bank?

Yes

Where are First Community Bank Of Southwest Florida locations?

See branch locations nearby.

Is First Community Bank Of Southwest Florida open on Saturdays?

Is First Community Bank Of Southwest Florida open on Sundays?

What time does First Community Bank Of Southwest Florida open?

What time does First Community Bank Of Southwest Florida close?

Are First Community Bank Of Southwest Florida ATMs Open 24/7?

Do First Community Bank Of Southwest Florida ATMs accept cash deposits?

Can First Community Bank Of Southwest Florida customers use other ATMs?

Do First Community Bank Of Southwest Florida branches have notaries?

Will First Community Bank Of Southwest Florida notarize my document?

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

Will the First Community Bank Of Southwest Florida branch print checks?

Do First Community Bank Of Southwest Florida checks expire?

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

Can First Community Bank Of Southwest Florida close my account?

Does First Community Bank Of Southwest Florida Report to credit bureaus?

Does First Community Bank Of Southwest Florida Use Equifax?

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

What is First Community Bank Of Southwest Florida's SWIFT code?

Products

Does First Community Bank Of Southwest Florida offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Community Bank Of Southwest Florida offer personal loans?

Compare personal loan rates here.

Does First Community Bank Of Southwest Florida offer student loans?

Will First Community Bank Of Southwest Florida cash a check?

Will First Community Bank Of Southwest Florida redeem a savings bond?

Does First Community Bank Of Southwest Florida cash savings bonds?

Will First Community Bank Of Southwest Florida cash money orders?

Can First Community Bank Of Southwest Florida issue a money order?

Does First Community Bank Of Southwest Florida do currency exchange?

Background on The Bank

Who owns First Community Bank Of Southwest Florida?

How long has First Community Bank Of Southwest Florida been around?

Can First Community Bank Of Southwest Florida transfer to other banks?

Does First Community Bank Of Southwest Florida have quick pay?

Does First Community Bank Of Southwest Florida accept rolled coins?

Will First Community Bank Of Southwest Florida accept loose change?

Where is First Community Bank Of Southwest Florida headquarters?

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