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Overview / Commentary
352-237-4500
One Northeast First Avenue
Ocala, FL 34470

Alarion Bank is headquartered in Ocala and is the 77th largest bank in the state of Florida. It is also the 2,282nd largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 94 employees at 6 locations. Alarion Bank has a B+ health rating.

Reviews (1)

Customer Sevice

Best service of any bank or credit union I've ever worked with - and I'm 62.  Lots of personal attention and an absence of red tape.  Even at different locations, service is always excellent.  Also, always warm cookies and hot coffee in the lobby.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Alarion Bank had $3.32 million in non-current loans and owned real-estate with $28.32 million in equity and loan loss allowances on hand to cover it. This gives Alarion Bank a Texas Ratio of 11.71% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Alarion Bank decreased dramatically from 18.19% as of March 31, 2013 to 11.71% as of March 31, 2014, resulting in a positive change of 35.61%.This indicates that the balance sheet and financial strength for Alarion Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Alarion Bank has increased its total deposits by $2.28 million, resulting in 0.95% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alarion Bank has shown is above average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alarion Bank has $282.86 million in assets with $28.32 million in equity, resulting in a capitalization level of 10.01%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57845
Year Established2005
Employees94
Primary RegulatorFDIC
Assets and Liabilities
Assets$282.86 million
Loans$203.81 million
Deposits$241.71 million
Equity Capital$24.22 million
Loan Loss Allowance$4.10 million
Unbacked Noncurrent Loans$511,000
Real Estate Owned$2.81 million
Historic Data - March 2013
Assets$280.07 million
Equity Capital$23.79 million
Loan Loss Allowance$4.41 million
Unbacked Noncurrent Loans$511,000
Real Estate Owned$3.31 million
Profit Margin - Quarterly
Net Interest Margin3.43%
Return on Assets0.64%
Return on Equity7.53%
Interest Income$2.68 million
Rates

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Alarion Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Alarion Savings
0.15%--Alarion Kids Club
0.15%--Holiday Club

Alarion Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$100k-Index Money Market
0.30%$100k-Alarion Money Market

Alarion Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k-Investor Checking
0.40%$100k-Alarion Advantage Acct
0.05%--IOTA

Alarion Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.16%$10k$100k5 Year CD
1.01%$1k-2 Year CD
0.75%$1k-18 Month CD
0.70%$10k$100k3 Year CD
0.65%$10k-18 Month Flex CD
0.65%$10k$100k30 Month CD
0.60%$1k-13 Month CD
0.50%$1k-9 Month CD
0.50%$1k-1 Year CD
0.45%$10k-1 Year Flex CD
0.40%$10k$100k30 Month Flex CD
0.15%$10k$100k6 Month CD
Locations


Alarion Bank Locations
Alachua Branch16404 NW 17th DriveAlachua, FL 32615
Ocala Branch2510 Se Maricamp RoadOcala, FL 34471
Gainesville Branch4200 Sw 34th StreetGainesville, FL 32608
Gainesville Branch4373 Newberry RoadGainesville, FL 32607
State Road 200 Branch7605 Sw Highway 200Ocala, FL 34476
Alarion BankOne Northeast First AvenueOcala, FL 34470