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863-983-8191
300 East Sugarland Highway
Clewiston, FL 33440

First Bank (FL) is headquartered in Clewiston and is the 85th largest bank in the state of Florida. It is also the 2,428th largest bank in the nation. It was established in 1922 and as of March of 2014, it had grown to 84 employees at 5 locations. First Bank (FL)'s savings rates are 35% higher than the national average, and it has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Bank (FL) had $4.94 million in non-current loans and owned real-estate with $26.58 million in equity and loan loss allowances on hand to cover it. This gives First Bank (FL) a Texas Ratio of 18.60% which is above 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 First Bank (FL) decreased dramatically from 33.04% as of March 31, 2013 to 18.60% as of March 31, 2014, resulting in a positive change of 43.70%.This indicates that the balance sheet and financial strength for First Bank (FL) has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Bank (FL) has increased its total deposits by $26.77 million, resulting in 12.44% 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 First Bank (FL) has shown is excellent.

Capitalization

GRADE:
B

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. First Bank (FL) has $265.93 million in assets with $26.58 million in equity, resulting in a capitalization level of 10.00%, which is above average.

Institution Statistics

Overall
FDIC Certificate #9620
Year Established1922
Employees84
Primary RegulatorFDIC
Assets and Liabilities
Assets$265.93 million
Loans$177.09 million
Deposits$242.03 million
Equity Capital$22.77 million
Loan Loss Allowance$3.81 million
Unbacked Noncurrent Loans$861,000
Real Estate Owned$4.08 million
Historic Data - March 2013
Assets$238.28 million
Equity Capital$21.91 million
Loan Loss Allowance$3.56 million
Unbacked Noncurrent Loans$861,000
Real Estate Owned$5.88 million
Profit Margin - Quarterly
Net Interest Margin4.28%
Return on Assets0.38%
Return on Equity4.33%
Interest Income$2.56 million
Rates

Always verify rates and promotions with the bank or credit union. We are not First Bank (FL), we are a rate comparison website and can not provide official rates or promotions.

First Bank (FL) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.70%-$25kKasasa Saver - Qualifying
0.15%$50-Savings Account
0.15%$50-Business Savings Account
0.05%--Kasasa Saver - Non Qualifying

First Bank (FL) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$1m-HI-FI Money Market
0.40%$1m-Business HI-FI Money Market

First Bank (FL) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.76%-$25kKasasa Cash - Qualifying
0.20%$500k-Super NOW Checking
0.05%--Kasasa Cash - Non Qualifying

First Bank (FL) CD Rates

DetailsAPYMINMAXPRODUCT
1.36%$2,500-60 Month CD
1.36%$2,500-Business 60 Month CD
1.11%$2,500-48 Month CD
1.11%$2,500-Business 48 Month CD
1.00%$2,500-36 Month CD
1.00%$2,500-Business 36 Month CD
0.70%$2,500-24 Month CD
0.70%$2,500-Business 24 Month CD
0.60%$2,500-18 Month CD
0.60%$2,500-Business 18 Month CD
0.50%$2,500-12 Month CD
0.50%$2,500-Business 12 Month CD
0.30%$2,500-6 Month CD
0.30%$2,500-Business 6 Month CD
0.10%$2,500-3 Month CD
0.10%$2,500-Business 3 Month CD

First Bank (FL) IRA Rates

DetailsAPYMINMAXPRODUCT
1.36%$2,500-60 Month IRA
1.11%$2,500-48 Month IRA
1.00%$2,500-36 Month IRA
0.70%$2,500-24 Month IRA
0.60%$2,500-18 Month IRA
0.50%$2,500-12 Month IRA
0.30%$2,500-6 Month IRA
0.10%$2,500-3 Month IRA
Locations


First Bank (FL) Locations
Berner Road Branch101 South Berner RoadClewiston, FL 33440
Ft. Myers Branch11741 Palm Beach Blvd, Suite 100Fort Myers, FL 33905
Moore Haven Branch1212 N US Hwy 27 SwMoore Haven, FL 33471
First Bank300 East Sugarland HighwayClewiston, FL 33440
LA Belle Branch301 Hwy 80 WLA Belle, FL 33935