Florida Bank of Commerce

Headquarters

105 East Robinson Street
Orlando, FL 32802
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

Florida Bank of Commerce is an FDIC insured institution located in Orlando, FL. It was founded in 2005 and has approximately $0.32 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58081
Date Established 2005
Assets $ 315.45 million
Loans $ 228.77 million
Deposits $ 278.97 million
Capital $ 32.85 million
 

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

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Florida Bank of Commerce

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 $2,122 $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 Florida Bank of Commerce
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Branches

Florida Bank of Commerce 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


Florida Bank of Commerce Locations


Financial Details

Florida Bank of Commerce Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Florida Bank of Commerce. 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
Florida Bank of Commerce U.S. Bank Average
3.52% 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, Florida Bank of Commerce had $1,258,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $32,845,000 in equity and $2,895,000 in loans loss reserves. That gives it a Texas Ratio of 3.52%.

Return on Equity
Florida Bank of Commerce U.S. Bank Average
7.18% 7.80%

Florida Bank of Commerce has a Return on Equity of 7.18% 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
Florida Bank of Commerce U.S. Bank Average
10.41% 12.68%

Florida Bank of Commerce has a Capitalization of 10.41% 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.

Florida Bank of Commerce Balance Sheet Analysis

As of June 30, 2016, Florida Bank of Commerce had assets of $318,970,000, loans of $228,766,000, and deposits of $278,974,000. 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 $ 228.77 million
Loan loss allowance $ 2.90 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 278.97 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 $ 315.45 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 Florida Bank of Commerce’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Florida, Florida Bank of Commerce has a significantly higher percent of Small Business Loans, Construction and Development 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 17.33
Multifamily
Mortgages
1.72
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 30.34
Construction and Development Loans 14.19
Commercial Real Estate 55.63
Commercial and Industrial Loans 12.03
Farm Loans 0.00

Frequently Asked Questions About Florida Bank Of Commerce

Branches and Savings

Is Florida Bank Of Commerce FDIC insured?

Yes. It is covered under FDIC Certificate #58081.

Why does Florida Bank Of Commerce pay such low interest on savings accounts?

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

Why are Florida Bank Of Commerce CD rates not competitive?

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

Is Florida Bank Of Commerce a commercial bank?

Yes

Where are Florida Bank Of Commerce locations?

See branch locations nearby.

Is Florida Bank Of Commerce open on Saturdays?

Is Florida Bank Of Commerce open on Sundays?

What time does Florida Bank Of Commerce open?

What time does Florida Bank Of Commerce close?

Are Florida Bank Of Commerce ATMs Open 24/7?

Do Florida Bank Of Commerce ATMs accept cash deposits?

Can Florida Bank Of Commerce customers use other ATMs?

Do Florida Bank Of Commerce branches have notaries?

Will Florida Bank Of Commerce notarize my document?

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

Will the Florida Bank Of Commerce branch print checks?

Do Florida Bank Of Commerce checks expire?

Does Florida Bank Of Commerce require US citizenship to open account?

Can Florida Bank Of Commerce close my account?

Does Florida Bank Of Commerce Report to credit bureaus?

Does Florida Bank Of Commerce Use Equifax?

What is Florida Bank Of Commerce's ACH Routing Number?

What is Florida Bank Of Commerce's SWIFT code?

Products

Does Florida Bank Of Commerce offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Florida Bank Of Commerce offer personal loans?

Compare personal loan rates here.

Does Florida Bank Of Commerce offer student loans?

Will Florida Bank Of Commerce cash a check?

Will Florida Bank Of Commerce redeem a savings bond?

Does Florida Bank Of Commerce cash savings bonds?

Will Florida Bank Of Commerce cash money orders?

Can Florida Bank Of Commerce issue a money order?

Does Florida Bank Of Commerce do currency exchange?

Background on The Bank

Who owns Florida Bank Of Commerce?

How long has Florida Bank Of Commerce been around?

Can Florida Bank Of Commerce transfer to other banks?

Does Florida Bank Of Commerce have quick pay?

Does Florida Bank Of Commerce accept rolled coins?

Will Florida Bank Of Commerce accept loose change?

Where is Florida Bank Of Commerce headquarters?

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