FirstCity Bank of Commerce

FirstCity Bank of Commerce is headquartered in North Palm Beach and is the 214^st largest bank in the state of Florida. It is also the 5,997^th largest bank in the nation. It was established in 2007 and as of March of 2012, it had grown to 12 employees at 2 locations. FirstCity Bank of Commerce has a 4-star health rating.

FirstCity Bank of Commerce Routing Number: 067016367

Data for Q1 2012

Institution Statistics FirstCity Bank of Commerce FDIC Certificate # 58537 BankRate Report View Year Established 2007 Employees 12 Primary Regulator FDIC Assets and Liabilities Assets $62.60 million Loans $37.46 million Deposits $54.20 million Equity Capital $6.03 million Loan Loss Allowance $1.22 million Historic Data - March 2011 Assets $71.23 million Equity Capital $5.82 million Loan Loss Allowance $1.08 million Unbacked Noncurrent Loans $106,000 Real Estate Owned $756,000 Profit Margin - Quarterly Net Interest Margin 4.24% Return on Assets 0.85% Return on Equity 8.73% Interest Income $729,000

Institution Health Overall Score: 4 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 FirstCity Bank of Commerce had $0 in non-current loans and owned real-estate with $7.25 million in equity and loan loss allowances on hand to cover it. This gives FirstCity Bank of Commerce a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Deposit Growth In the past year, FirstCity Bank of Commerce has decreased its total deposits by -$8.6 million, resulting in -13.69% 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 FirstCity Bank of Commerce has shown is poor. 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. FirstCity Bank of Commerce has $62.6 million in assets with $7.25 million in equity, resulting in a capitalization level of 11.58%, which is above average.

No reviews have been left for this bank yet. Be the first to review.