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135 Perry Avenue, S.E.
Fort Walton Beach, FL 32548

First City Bank is headquartered in Fort Walton Beac and is the 108th largest bank in the state of Florida. It is also the 2,769th largest bank in the nation. It was established in 1948 and as of June of 2014, it had grown to 57 employees at 4 locations. First City Bank has a F 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 City Bank had $45.17 million in non-current loans and owned real-estate with $8.94 million in equity and loan loss allowances on hand to cover it. This gives First City Bank a Texas Ratio of 505.08% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First City Bank experienced no significant changes from 498.60% as of June 30, 2013 to 505.08% as of June 30, 2014, resulting in a negative change of 1.30%. This indicates that the balance sheet and financial strength for First City Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, First City Bank has decreased its total deposits by -$21.79 million, resulting in -9.4% 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 First City Bank has shown is below average.



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 City Bank has $225.97 million in assets with $8.94 million in equity, resulting in a capitalization level of 3.96%, which is poor.

Institution Statistics

FDIC Certificate #16748
Year Established1948
Primary RegulatorFDIC
Assets and Liabilities
Assets$225.97 million
Loans$140.36 million
Deposits$209.97 million
Equity Capital$5.42 million
Loan Loss Allowance$3.53 million
Unbacked Noncurrent Loans$16.07 million
Real Estate Owned$29.11 million
Historic Data - June 2013
Assets$248.69 million
Equity Capital$6.24 million
Loan Loss Allowance$3.93 million
Unbacked Noncurrent Loans$16.07 million
Real Estate Owned$30.60 million
Profit Margin - Quarterly
Return on Assets-0.03%
Return on Equity-1.2%
Interest Income$3.37 million

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First City Bank Savings Account Rates

0.25%--Relationship Savings
0.10%--First Savings

First City Bank Money Market Rates

0.40%$100k-Money Market

First City Bank Checking Account Rates

0.25%--Rewards Checking - Qualifying
0.05%--Rewards Checking - Non Qualifying

First City Bank CD Rates

1.00%$1k-60 Month CD
0.90%$1k-48-59 Month CD
0.85%$1k-36-47 Month CD
0.80%$1k-30-35 Month CD
0.75%$1k-24-29 Month CD
0.55%$1k-18-23 Month CD
0.50%$1k-12-17 Month CD
0.25%$1k-180-364 Day CD
0.10%$1k-30-90 Day CD
0.10%$1k-90-179 Day CD

First City Bank IRA Rates

0.75%--24 Month Fixed-Rate IRA
0.50%--12 Month Variable IRA
0.50%--12 Month Fixed-Rate IRA

First City Bank Locations
First City Bank Of Florida135 Perry Avenue, S.E.Fort Walton Beach, FL 32548
Racetrack Road Branch24 Racetrack Road, N.E.Fort Walton Beach, FL 32548
Destin Branch363 East U.S. Highway 98Destin, FL 32541
Sun Plaza Branch417-F Mary Esther BlvdFort Walton Beach, FL 32548