Florida Citizens Bank

Headquarters

3919 West Newberry Road
Gainesville, FL 32607
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 Citizens Bank is an FDIC insured institution located in Gainesville, FL. It was founded in 1998 and has approximately $0.24 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34869
Date Established 1998
Assets $ 231.14 million
Loans $ 166.28 million
Deposits $ 208.93 million
Capital $ 20.40 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Florida Citizens Bank

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
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Florida Citizens Bank
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Branches

Florida Citizens 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:
Fairfield,Connecticut


Florida Citizens Bank Locations


Financial Details

Florida Citizens Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Florida Citizens 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
Florida Citizens Bank U.S. Bank Average
28.07% 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 Citizens Bank had $1,209,000 in non-current loans and $5,367,000 in owned real estate. To cover these potential losses it had $20,400,000 in equity and $3,026,000 in loans loss reserves. That gives it a Texas Ratio of 28.07%.

Return on Equity
Florida Citizens Bank U.S. Bank Average
7.06% 7.80%

Florida Citizens Bank has a Return on Equity of 7.06% 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 Citizens Bank U.S. Bank Average
8.83% 12.68%

Florida Citizens Bank has a Capitalization of 8.83% 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 Citizens Bank Balance Sheet Analysis

As of March 31, 2015, Florida Citizens Bank had assets of $237,794,000, loans of $166,277,000, and deposits of $208,930,000. 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 $ 166.28 million
Loan loss allowance $ 3.03 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 5.37 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 208.93 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 $ 231.14 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 Citizens Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Florida, Florida Citizens Bank has a significantly higher percent of Small Business Loans, 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 9.74
Multifamily
Mortgages
5.15
Credit Card Loans 1.33
Consumer Auto Loans 0.67
Small Business Loans 17.98
Construction and Development Loans 7.16
Commercial Real Estate 37.48
Commercial and Industrial Loans 31.07
Farm Loans 0.04

Frequently Asked Questions About Florida Citizens Bank

Branches and Savings

Is Florida Citizens Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34869.

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

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

Why are Florida Citizens Bank CD rates not competitive?

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

Is Florida Citizens Bank a commercial bank?

Yes

Where are Florida Citizens Bank locations?

See branch locations nearby.

Is Florida Citizens Bank open on Saturdays?

Is Florida Citizens Bank open on Sundays?

What time does Florida Citizens Bank open?

What time does Florida Citizens Bank close?

Are Florida Citizens Bank ATMs Open 24/7?

Do Florida Citizens Bank ATMs accept cash deposits?

Can Florida Citizens Bank customers use other ATMs?

Do Florida Citizens Bank branches have notaries?

Will Florida Citizens Bank notarize my document?

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

Will the Florida Citizens Bank branch print checks?

Do Florida Citizens Bank checks expire?

Does Florida Citizens Bank require US citizenship to open account?

Can Florida Citizens Bank close my account?

Does Florida Citizens Bank Report to credit bureaus?

Does Florida Citizens Bank Use Equifax?

What is Florida Citizens Bank's ACH Routing Number?

What is Florida Citizens Bank's SWIFT code?

Products

Does Florida Citizens Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Florida Citizens Bank offer personal loans?

Compare personal loan rates here.

Does Florida Citizens Bank offer student loans?

Will Florida Citizens Bank cash a check?

Will Florida Citizens Bank redeem a savings bond?

Does Florida Citizens Bank cash savings bonds?

Will Florida Citizens Bank cash money orders?

Can Florida Citizens Bank issue a money order?

Does Florida Citizens Bank do currency exchange?

Background on The Bank

Who owns Florida Citizens Bank?

How long has Florida Citizens Bank been around?

Can Florida Citizens Bank transfer to other banks?

Does Florida Citizens Bank have quick pay?

Does Florida Citizens Bank accept rolled coins?

Will Florida Citizens Bank accept loose change?

Where is Florida Citizens Bank headquarters?

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