Fidelity Bank of Florida

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

Related Blog Posts

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

2008



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

Checking Accounts

ApyMinMaxProduct
0.25%$1k-NOW Checking

Savings Accounts

ApyMinMaxProduct
0.25%$500-Savings Account
0.25%$500-IRA Savings

Money Market Accounts

ApyMinMaxProduct
0.70%$100k-Money Market Account

Certificates of Deposit

ApyMinMaxProduct
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

ApyMinMaxProduct
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 ReportView
Year Established1990
Employees40
Primary RegulatorOCC

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 Margin3.92%
Return on Assets-3.05%
Return on Equity-30.04%
Interest Income$6.55 million

Institution Health


Overall Score:
1 out of 5
1
Texas Ratio0
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 Trend1
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 Growth3
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.
Capitalization3
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.
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