First Bank of the Palm Beaches

First Bank of the Palm Beaches is headquartered in West Palm Beach and is the 198^th largest bank in the state of Florida. It is also the 5,437^th largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 16 employees at 2 locations. First Bank of the Palm Beaches has a 3-star health rating.

First Bank of the Palm Beaches Routing Number: 067015944

Data for Q1 2012

Institution Statistics First Bank of the Palm Beaches FDIC Certificate # 58152 BankRate Report View Year Established 2006 Employees 16 Primary Regulator FDIC Assets and Liabilities Assets $81.36 million Loans $56.92 million Deposits $66.99 million Equity Capital $7.77 million Loan Loss Allowance $1.78 million Unbacked Noncurrent Loans $4.46 million Historic Data - March 2011 Assets $66.86 million Equity Capital $7.30 million Loan Loss Allowance $2.41 million Unbacked Noncurrent Loans $3.90 million Profit Margin - Quarterly Net Interest Margin 4.44% Return on Assets 0.01% Return on Equity 0.16% Interest Income $795,000

Institution Health Overall Score: 3 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 March 31, 2012 First Bank of the Palm Beaches had $4.46 million in non-current loans and owned real-estate with $9.55 million in equity and loan loss allowances on hand to cover it. This gives First Bank of the Palm Beaches a Texas Ratio of 46.73% which is below 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 of the Palm Beaches increased slightly from 40.21% as of March 31, 2011 to 46.73% as of March 31, 2012, resulting in a negative change of 16.23%. This indicates that the balance sheet and financial strength for First Bank of the Palm Beaches has declined slightly in recent periods. Deposit Growth In the past year, First Bank of the Palm Beaches has increased its total deposits by $9.65 million, resulting in 16.83% 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 of the Palm Beaches has shown is excellent. 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. First Bank of the Palm Beaches has $81.36 million in assets with $9.55 million in equity, resulting in a capitalization level of 11.74%, which is above average.

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