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1031 West Morse Boulevard, Suite 150
Winter Park, FL 32789

BankFIRST is headquartered in Winter Park and is the 36th largest bank in the state of Florida. It is also the 1,014st largest bank in the nation. It was established in 1989 and as of March of 2014, it had grown to 137 employees at 13 locations. BankFIRST has a A health rating.

Reviews (1)

Stay Away!

Don't go there! The VP is very incompetent, and doesn't know what he is doing! Stay away!


Data for Q1 2014

Institution Health


Texas Ratio


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 BankFIRST had $10.56 million in non-current loans and owned real-estate with $146.04 million in equity and loan loss allowances on hand to cover it. This gives BankFIRST a Texas Ratio of 7.23% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for BankFIRST decreased dramatically from 12.04% as of March 31, 2013 to 7.23% as of March 31, 2014, resulting in a positive change of 39.94%.This indicates that the balance sheet and financial strength for BankFIRST has improved dramatically in recent periods.

Deposit Growth


In the past year, BankFIRST has decreased its total deposits by $-947,000, resulting in -0.19% 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 BankFIRST has shown is average.



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. BankFIRST has $670.94 million in assets with $146.04 million in equity, resulting in a capitalization level of 21.77%, which is excellent.

Institution Statistics

FDIC Certificate #27550
Year Established1989
Primary RegulatorFDIC
Assets and Liabilities
Assets$670.94 million
Loans$366.20 million
Deposits$507.81 million
Equity Capital$140.34 million
Loan Loss Allowance$5.70 million
Unbacked Noncurrent Loans$5.04 million
Real Estate Owned$5.52 million
Historic Data - March 2013
Assets$669.23 million
Equity Capital$137.89 million
Loan Loss Allowance$5.57 million
Unbacked Noncurrent Loans$5.04 million
Real Estate Owned$6.38 million
Profit Margin - Quarterly
Net Interest Margin4.26%
Return on Assets0.48%
Return on Equity2.27%
Interest Income$5.86 million

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BankFIRST has 12 locations. Click to view all BankFIRST locations.