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Overview / Commentary
100 5th Street South
Saint Petersburg, FL 33701

C1 Bank is headquartered in Saint Petersburg and is the 19st largest bank in the state of Florida. It is also the 507th largest bank in the nation. It was established in 1995 and as of December of 2013, it had grown to 219 employees at 30 locations. C1 Bank has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C-

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 C1 Bank had $64.83 million in non-current loans and owned real-estate with $125.48 million in equity and loan loss allowances on hand to cover it. This gives C1 Bank a Texas Ratio of 51.67% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for C1 Bank increased slightly from 42.66% as of December 31, 2012 to 51.67% as of December 31, 2013, resulting in a negative change of 21.12%. This indicates that the balance sheet and financial strength for C1 Bank has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, C1 Bank has increased its total deposits by $281 million, resulting in 36.97% 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 C1 Bank has shown is excellent.

Capitalization

GRADE:
C+

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. C1 Bank has $1.33 billion in assets with $125.48 million in equity, resulting in a capitalization level of 9.45%, which is average.

Institution Statistics

Overall
FDIC Certificate #34092
Year Established1995
Employees219
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.33 billion
Loans$1.05 billion
Deposits$1.04 billion
Equity Capital$122.07 million
Loan Loss Allowance$3.41 million
Unbacked Noncurrent Loans$23.78 million
Real Estate Owned$41.05 million
Historic Data - December 2012
Assets$938.07 million
Equity Capital$96.45 million
Loan Loss Allowance$2.81 million
Unbacked Noncurrent Loans$23.78 million
Real Estate Owned$19.03 million
Profit Margin - Quarterly
Net Interest Margin4.28%
Return on Assets1.1%
Return on Equity11.54%
Interest Income$48.78 million
Rates

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Locations

C1 Bank has 22 locations. Click to view all C1 Bank locations.