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300 East Sugarland Highway
Clewiston, FL 33440

First Bank (FL) is headquartered in Clewiston and is the 86th largest bank in the state of Florida. It is also the 2,393rd largest bank in the nation. It was established in 1922 and as of June 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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Data for Q2 2014

Institution Health


Texas Ratio


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 June 30, 2014 First Bank (FL) had $5.09 million in non-current loans and owned real-estate with $26.87 million in equity and loan loss allowances on hand to cover it. This gives First Bank (FL) a Texas Ratio of 18.94% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Bank (FL) decreased slightly from 26.10% as of June 30, 2013 to 18.94% as of June 30, 2014, resulting in a positive change of 27.42%.This indicates that the balance sheet and financial strength for First Bank (FL) has improved slightly in recent periods.

Deposit Growth


In the past year, First Bank (FL) has increased its total deposits by $20.34 million, resulting in 9.05% 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.



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 $269.36 million in assets with $26.87 million in equity, resulting in a capitalization level of 9.98%, which is above average.

Institution Statistics

FDIC Certificate #9620
Year Established1922
Primary RegulatorFDIC
Assets and Liabilities
Assets$269.36 million
Loans$182.62 million
Deposits$244.96 million
Equity Capital$23.10 million
Loan Loss Allowance$3.77 million
Unbacked Noncurrent Loans$1.27 million
Real Estate Owned$3.83 million
Historic Data - June 2013
Assets$248.13 million
Equity Capital$22.20 million
Loan Loss Allowance$3.44 million
Unbacked Noncurrent Loans$1.27 million
Real Estate Owned$5.57 million
Profit Margin - Quarterly
Return on Assets0.47%
Return on Equity5.39%
Interest Income$5.17 million

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First Bank (FL) Savings Account Rates

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

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

First Bank (FL) Checking Account Rates

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

First Bank (FL) CD Rates

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

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

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