First City Bank

135 Perry Avenue
Fort Walton Beach, FL 32548
(888) 244-5151
www.firstcitybank.com

OverView
Rates
Health
Reviews

First City Bank is headquartered in Fort Walton Beac and is the 90^th largest bank in the state of Florida. It is also the 2,359^th largest bank in the nation. It was established in 1948 and as of September of 2011, it had grown to 60 employees at 5 locations. First City Bank has a 1-star health rating.

First City Bank Routing Number: 063205664

15-Month CD Special at First City Bank - 2/3/2010

First City Bank is offering a special 2.25% APY 15-month CD. Minimum deposit is $5,000, and the maximum is $250,000. According to the bank's promo page the special is scheduled to expire on 2/26/2010 ...

First City Bank Offering 15 (Forum) - 2/3/2010

First City Bank offering 15-month CD at 2.25%. Available nationally, I believe. The are in Fort Walton beach, FL. http://www.firstcitybank.com/cd-special.asp

3.00% 24-Month CD at First City Bank in NW Florida - Local Only - 6/4/2009

First City Bank is offering some competitive CD rates. The best deals include a 2.40% APY 12-month CD, a 3.00% APY 24-month CD, a 3.25% APY 36-month CD and a 4.00% APY 60-month CD. Minimum deposit is $1,000. They also offer a 2.42% APY 12-month IRA and a...

Reward Checking Account at First City Bank in Florida - 2/25/2009

Update 10/24/09: The top rate has fallen to 3.01% APY, and the balance cap has fallen to $25,000. Refer to the bottom of the post for the rate history.First City Bank is offering a rewards checking account that pays 3.01% APY on balances up to $25,000...

2008

5/14 - 4.01% 13-Month CD at a Florida Panhandle Bank (First City).

Report an Issue

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

First City Bank Checking Account Rates

Apy	Min	Max	Product
0.25%	-	-	Rewards Checking
0.05%	-	-	Classic Checking

First City Bank Savings Account Rates

Apy	Min	Max	Product
0.25%	-	-	Relationship Savings
0.10%	-	-	First Savings

First City Bank Money Market Rates

	Apy	Min	Max	Product
	0.40%	$100k	-	Money Market Account

First City Bank CD Rates

Apy	Min	Max	Product
1.25%	-	-	60 Month CD
1.15%	-	-	48-59 Month CD
1.10%	-	-	36-47 Month CD
1.05%	-	-	30-35 Month CD
1.00%	-	-	24-29 Month CD
0.80%	-	-	18-23 Month CD
0.75%	-	-	12-17 Month CD
0.50%	-	-	180-364 Day CD
0.10%	-	-	30-90 Day CD
0.10%	-	-	90-179 Day CD

First City Bank IRA Rates

Apy	Min	Max	Product
1.00%	-	-	24 Month Fixed-Rate IRA
0.75%	-	-	12 Month Variable IRA
0.75%	-	-	12 Month Fixed-Rate IRA

Rates updated: 2/8/2012

Data for Q3 2011

Institution Statistics

First City Bank of Florida
FDIC Certificate #	16748
BankRate Report	View
Year Established	1948
Employees	60
Primary Regulator	FDIC
Assets and Liabilities
Assets	$270.29 million
Loans	$170.40 million
Deposits	$252.85 million
Equity Capital	$6.59 million
Loan Loss Allowance	$6.00 million
Unbacked Noncurrent Loans	$13.60 million
Real Estate Owned	$26.88 million
Historic Data - September 2010
Assets	$290.17 million
Equity Capital	$9.35 million
Loan Loss Allowance	$5.24 million
Unbacked Noncurrent Loans	$29.30 million
Real Estate Owned	$15.61 million
Profit Margin - Quarterly
Net Interest Margin	2.99%
Return on Assets	-0.85%
Return on Equity	-31.83%
Interest Income	$7.30 million

Institution Health

Overall Score:

1 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 September 30, 2011 First City Bank had $40.48 million in non-current loans and owned real-estate with $12.6 million in equity and loan loss allowances on hand to cover it. This gives First City Bank a Texas Ratio of 321.29% 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 held steady from 307.85% as of September 30, 2010 to 321.29% as of September 30, 2011, resulting in a negative change of 4.37%. This indicates that the balance sheet and financial strength for First City Bank has held steady in recent periods.
Deposit Growth
In the past year, First City Bank has decreased its total deposits by -$11.46 million, resulting in -4.33% 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.
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 City Bank has $270.29 million in assets with $12.6 million in equity, resulting in a capitalization level of 4.66%, which is poor.