First Home Bank

Headquarters

700 Central Ave
Saint Petersburg, FL 33701
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 Home Bank is an FDIC insured institution located in Saint Petersburg, FL. It was founded in 1999 and has approximately $0.56 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 34997
Date Established 1999
Assets $ 562.47 million
Loans $ 425.31 million
Deposits $ 479.23 million
Capital $ 59.83 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Home 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Virginia 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 Home Bank
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Branches

First Home 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 Home Bank Locations


Financial Details

First Home Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Home 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 Home Bank U.S. Bank Average
6.19% 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 Home Bank had $4,408,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $59,828,000 in equity and $11,441,000 in loans loss reserves. That gives it a Texas Ratio of 6.19%.

Return on Equity
First Home Bank U.S. Bank Average
-2.58% 7.80%

First Home Bank has a Return on Equity of -2.58% 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 Home Bank U.S. Bank Average
10.64% 12.68%

First Home Bank has a Capitalization of 10.64% 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 Home Bank Balance Sheet Analysis

As of March 31, 2020, First Home Bank had assets of $562,473,000, loans of $425,311,000, and deposits of $479,226,000. 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 $ 93.09 million
Interest-bearing balances $ 90.60 million
Total securities $ 0.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 425.31 million
Loan loss allowance $ 11.44 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 10.94 million
All other assets $ 12.94 million
     Total Assets $ 502.65 million
LIABILITIES
Total deposits $ 479.23 million
      Interest-bearing deposits $ 427.61 million
      Deposits held in domestic offices $ 479.23 million
      % insured (estimated) 66.03%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt $ 0.50 million
All other liabilities $ 12.92 million
      Total Liabilities $ 502.65 million
      Shareholders’ Equity $ 59.83 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.81 million
Total Interest Expense $ 2.29 million
Net interest income $ 4.52 million
Provision for loan and lease losses $ 1.90 million
Total non interest income $ 12.76 million
Total non interest expense $ 17.10 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Florida, First Home Bank has a significantly higher percent of Commercial and Industrial Loans 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 33.59
Multifamily
Mortgages
0.26
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 0.00
Construction and Development Loans 5.36
Commercial Real Estate 18.23
Commercial and Industrial Loans 44.88
Farm Loans 0.00

Frequently Asked Questions About First Home Bank

Branches and Savings

Is First Home Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34997.

Why does First Home 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 Home Bank CD rates not competitive?

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

Is First Home Bank a commercial bank?

Yes

Where are First Home Bank locations?

See branch locations nearby.

Is First Home Bank open on Saturdays?

Is First Home Bank open on Sundays?

What time does First Home Bank open?

What time does First Home Bank close?

Are First Home Bank ATMs Open 24/7?

Do First Home Bank ATMs accept cash deposits?

Can First Home Bank customers use other ATMs?

Do First Home Bank branches have notaries?

Will First Home Bank notarize my document?

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

Will the First Home Bank branch print checks?

Do First Home Bank checks expire?

Does First Home Bank require US citizenship to open account?

Can First Home Bank close my account?

Does First Home Bank Report to credit bureaus?

Does First Home Bank Use Equifax?

What is First Home Bank's ACH Routing Number?

What is First Home Bank's SWIFT code?

Products

Does First Home Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Home Bank offer personal loans?

Compare personal loan rates here.

Does First Home Bank offer student loans?

Will First Home Bank cash a check?

Will First Home Bank redeem a savings bond?

Does First Home Bank cash savings bonds?

Will First Home Bank cash money orders?

Can First Home Bank issue a money order?

Does First Home Bank do currency exchange?

Background on The Bank

Who owns First Home Bank?

How long has First Home Bank been around?

Can First Home Bank transfer to other banks?

Does First Home Bank have quick pay?

Does First Home Bank accept rolled coins?

Will First Home Bank accept loose change?

Where is First Home Bank headquarters?

Customer Reviews for First Home Bank


  • February 23, 2019 |

    Tiny, backwoods "bank" with fewer than 80 employees total, spread across four branches in hinterlands of South Florida. Unlike the major, national banks, this has NO Customer Service department of its own. Instead, you will have to deal with uneducated, emotional, unprofessional juveniles who are rude, incompetent, or both. These hick kids even make personal remarks about your "private" transactions. Worse, for ATM problems, this "bank" is so tiny and inferior they must contract with a third-party cubicle hive that clearly couldn't care less. FHB's local reputation is so bad, they have to pay a cash bonus to unsuspecting newcomers to persuade them to open an account. After one month with their constant mistakes over EVERY TRANSACTION, I'm returning the bonus and closing the accounts, since their employees' incompetence has cost me far more m time. If your time is worthless, you prefer teen angst to professional service, and you love NOT having ANY ACCESS to your own money, FHB is for you. If you're an adult seeking a real bank, look elsewhere.

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