Fidelity Bank of Florida

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

FDIC

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Fidelity Bank of Florida is headquartered in Merritt Island and is the 73^rd largest bank in the state of Florida. It is also the 2,124^th largest bank in the nation. It was established in 1990 and as of December of 2012, it had grown to 41 employees at 2 locations. Fidelity Bank of Florida has a 1-star health rating.

Top Long-Term CD Rates at Fidelity Bank of Florida - Local Only - 1/19/2010

Fidelity Bank of Florida did something that's rare these days. They increased their CD rates. The largest bump was in the 4-year CD rate which increased 45 basis points to 3.45% APY. The 5-year CD rat ...

3.65% 60-Month CD at Fidelity Bank of Florida - Local Only - 11/30/2009

Fidelity Bank of Florida continues to offer competitive long-term CD rates. The rates have gone down a bit since my October post, but they remain competitive. The best two are the 3.65% APY 5-year CD and the 3.00% APY 48-month CD. Minimum deposit is...

3.75% 60-Month CD at Fidelity Bank of Florida - Local Only - 10/2/2009

Fidelity Bank of Florida continues to offer very competitive long-term CD rates. The best two are the 3.75% APY 5-year CD and the 3.45% APY 48-month CD. Minimum deposit is $10,000 and $4,000 for an IRA CD. The bank also has competitive rates on its NOW...

4.00% 60-Month CD Continues at Fidelity Bank of Florida - Local Only - 7/23/2009

Update 8/01/09: The 60-month CD rate has fallen to 3.75% APY. Please check the bank's website for the latest rates.Fidelity Bank of Florida continues to offer a 5-year CD with a 4.00% APY. Minimum deposit is $10,000 and $4,000 for an IRA CD. The bank...

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

Fidelity Bank of Florida Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$1k	-	NOW Checking

Fidelity Bank of Florida Savings Account Rates

Apy	Min	Max	Product
0.15%	$250	-	Savings Account
0.15%	$500	-	IRA Savings

Fidelity Bank of Florida Money Market Rates

	Apy	Min	Max	Product
	0.40%	$100k	-	Money Market

Fidelity Bank of Florida CD Rates

Apy	Min	Max	Product
1.25%	$5k	-	60 Month CD
1.00%	$5k	-	48 Month CD
0.80%	$5k	-	36 Month CD
0.75%	$5k	-	30 Month CD
0.50%	$5k	-	24 Month CD
0.40%	$5k	-	18 Month CD
0.20%	$5k	-	12 Month CD
0.15%	$5k	-	9 Month CD
0.10%	$5k	-	6 Month CD

Fidelity Bank of Florida IRA Rates

Apy	Min	Max	Product
1.25%	$4k	-	60 Month IRA
1.00%	$4k	-	48 Month IRA
0.80%	$4k	-	36 Month IRA
0.75%	$4k	-	30 Month IRA
0.50%	$4k	-	24 Month IRA
0.40%	$4k	-	18 Month IRA
0.20%	$4k	-	12 Month IRA
0.15%	$4k	-	9 Month IRA
0.10%	$4k	-	6 Month IRA

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

Fidelity Bank of Florida, National Association
FDIC Certificate #	33198
BankRate Report	View
Year Established	1990
Employees	41
Primary Regulator	OCC
Assets and Liabilities
Assets	$308.58 million
Loans	$197.72 million
Deposits	$242.49 million
Equity Capital	$15.43 million
Loan Loss Allowance	$11.39 million
Unbacked Noncurrent Loans	$25.85 million
Real Estate Owned	$8.37 million
Historic Data - December 2011
Assets	$350.50 million
Equity Capital	$14.72 million
Loan Loss Allowance	$16.33 million
Unbacked Noncurrent Loans	$50.58 million
Real Estate Owned	$5.70 million
Profit Margin - Quarterly
Net Interest Margin	3.83%
Return on Assets	0.23%
Return on Equity	5.22%
Interest Income	$19.73 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 December 31, 2012 Fidelity Bank of Florida had $34.22 million in non-current loans and owned real-estate with $26.82 million in equity and loan loss allowances on hand to cover it. This gives Fidelity Bank of Florida a Texas Ratio of 127.62% 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 decreased slightly from 181.22% as of December 31, 2011 to 127.62% as of December 31, 2012, resulting in a positive change of 29.57%.This indicates that the balance sheet and financial strength for Fidelity Bank of Florida has improved slightly in recent periods.
Deposit Growth
In the past year, Fidelity Bank of Florida has decreased its total deposits by -$37.28 million, resulting in -13.32% 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 poor.
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 $308.58 million in assets with $26.82 million in equity, resulting in a capitalization level of 8.69%, which is average.