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Overview / Commentary
321-452-0011
1380 N. Courtenay Parkway
Merritt Island, FL 32953

Fidelity Bank of Florida is headquartered in Merritt Island and is the 81st largest bank in the state of Florida. It is also the 2,268th largest bank in the nation. It was established in 1990 and as of December of 2013, it had grown to 45 employees at 2 locations. Fidelity Bank of Florida 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 Fidelity Bank of Florida had $15.2 million in non-current loans and owned real-estate with $33.48 million in equity and loan loss allowances on hand to cover it. This gives Fidelity Bank of Florida a Texas Ratio of 45.39% which is 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 Fidelity Bank of Florida decreased dramatically from 127.62% as of December 31, 2012 to 45.39% as of December 31, 2013, resulting in a positive change of 64.43%.This indicates that the balance sheet and financial strength for Fidelity Bank of Florida has improved dramatically in recent periods.

Deposit Growth

GRADE:
F

In the past year, Fidelity Bank of Florida has decreased its total deposits by -$37.34 million, resulting in -15.4% 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

GRADE:
A

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 $283.53 million in assets with $33.48 million in equity, resulting in a capitalization level of 11.81%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #33198
Year Established1990
Employees45
Primary RegulatorOCC
Assets and Liabilities
Assets$283.53 million
Loans$152.72 million
Deposits$205.15 million
Equity Capital$27.85 million
Loan Loss Allowance$5.63 million
Unbacked Noncurrent Loans$8.71 million
Real Estate Owned$6.48 million
Historic Data - December 2012
Assets$308.58 million
Equity Capital$15.43 million
Loan Loss Allowance$11.39 million
Unbacked Noncurrent Loans$8.71 million
Real Estate Owned$8.37 million
Profit Margin - Quarterly
Net Interest Margin3.76%
Return on Assets5.13%
Return on Equity82.86%
Interest Income$16.03 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Fidelity Bank of Florida, we are a rate comparison website and can not provide official rates or promotions.

Fidelity Bank of Florida Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$250-Savings Account

Fidelity Bank of Florida Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market

Fidelity Bank of Florida Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-NOW Checking

Fidelity Bank of Florida CD Rates

DetailsAPYMINMAXPRODUCT
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
0.45%$5k-18 Month CD
0.30%$5k-12 Month CD
0.15%$5k-9 Month CD
0.10%$5k-6 Month CD

Fidelity Bank of Florida IRA Rates

DetailsAPYMINMAXPRODUCT
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
0.45%$4k-18 Month IRA
0.30%$4k-12 Month IRA
0.15%$4k-9 Month IRA
0.10%$4k-6 Month IRA
Locations


Fidelity Bank of Florida Locations
Fidelity Bank Of Florida, National Association1380 North Courtenay ParkwayMerritt Island, FL 32953
Longwood Branch901 East State Road 434Longwood, FL 32750