Fidelity Bank of Florida

1380 N Courtenay Pkwy
Merritt Island, FL 32953
(321) 452-0011
www.fidelitybankofflorida.com

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Reviews

2009

5/19 - 4.00% 60-Month CD at Fidelity Bank of Florida - Local Only

2008

9/19 - 4.80% 12-Month CD at Fidelity Bank of Florida.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Checking Accounts

	Apy	Min	Max	Product
	0.25%	$1k	-	NOW Checking

Savings Accounts

Apy	Min	Max	Product
0.25%	$500	-	Savings Account
0.25%	$500	-	IRA Savings

Money Market Accounts

	Apy	Min	Max	Product
	0.70%	$100k	-	Money Market Account

Certificates of Deposit

Apy	Min	Max	Product
2.50%	$10k	-	60 Month CD
2.00%	$10k	-	48 Month CD
1.40%	$10k	-	36 Month CD
1.20%	$10k	-	30 Month CD
1.10%	$10k	-	24 Month CD
1.00%	$10k	-	18 Month CD
0.90%	$10k	-	12 Month CD
0.80%	$10k	-	9 Month CD
0.75%	$10k	-	6 Month CD

IRA Accounts

Apy	Min	Max	Product
2.50%	$4k	-	60 Month IRA
2.00%	$4k	-	48 Month IRA
1.40%	$4k	-	36 Month IRA
1.20%	$4k	-	30 Month IRA
1.10%	$4k	-	24 Month IRA
1.00%	$4k	-	18 Month IRA
0.90%	$4k	-	12 Month IRA
0.80%	$4k	-	9 Month IRA
0.75%	$4k	-	6 Month IRA

Institution Statistics

FDIC Certificate #	33198
OCC #	24496
BankRate Report	View
Year Established	1990
Employees	40
Primary Regulator	OCC
Assets and Liabilities
Assets	$425.10 million
Loans	$326.90 million
Deposits	$326.01 million
Equity Capital	$42.93 million
Loan Loss Allowance	$13.00 million
Unbacked Noncurrent Loans	$54.34 million
Real Estate Owned	$3.44 million
Historic Data - March 2009
Assets	$428.89 million
Equity Capital	$50.67 million
Loan Loss Allowance	$13.00 million
Unbacked Noncurrent Loans	$31.81 million
Real Estate Owned	$3.79 million
Profit Margin - Quarterly
Net Interest Margin	3.92%
Return on Assets	-3.05%
Return on Equity	-30.04%
Interest Income	$6.55 million

Institution Health

Overall Score:

1 out of 5

Texas Ratio
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 March 31, 2010 Fidelity Bank of Florida had $57.78 million in non-current loans and owned real-estate with $55.93 million in equity and loan loss allowances on hand to cover it. This gives Fidelity Bank of Florida a Texas Ratio of 103.30% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Fidelity Bank of Florida increased significantly from 55.91% as of March 31, 2009 to 103.30% as of March 31, 2010, resulting in a negative change of 84.76%. This indicates that the balance sheet and financial strength for Fidelity Bank of Florida has declined significantly in recent periods.
Deposit Growth
In the past year, Fidelity Bank of Florida has increased it's total deposits by $11.6 million, resulting in 3.69% 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 Fidelity Bank of Florida has shown is average.
Capitalization
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. Fidelity Bank of Florida has $425.1 million in assets with $55.93 million in equity, resulting in a capitalization level of 13.16%, which is average.