100 North Laura Street
Jacksonville, FL 32202
1-877-7MY-JAXB
www.jaxbank.com



Jacksonville Bank is headquartered in Jacksonville and is the 44th largest bank in the state of Florida. It is also the 1,108th largest bank in the nation. It was established in 1999 and as of September of 2011, it had grown to 101 employees at 9 locations. Jacksonville Bank's money market rates are 36% higher than the national average, and it has a 3-star health rating.

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2.00% 12-Month & 2.40% 24-Month CD at Jacksonville Bank - Available Nationwide (Forum) - 1/21/2010

Jacksonville Bank has cut its CD rates since my last report in November, but they continue to offer very competitive 1-year and 2-year CD rates as of 1/21/2010. Refer to my Jacksonville Bank review for the full details.

2.00% 12-Month CD & 2.40% 24-Month CD at Jacksonville Bank - Available Nationwide - 11/6/2009

Jacksonville Bank is offering several competitive CD rates. The following CD rates are listed at the bank's rates page as of 11/06/09:2.90% APY 36-60 month CD2.60% APY 24-35 month CD2.25% APY 12-23 month CD1.75% APY 6-11 month CDMinimum deposit is...



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

Jacksonville Bank Checking Account Rates

ApyMinMaxProduct
0.10%--Personal Interest Checking
0.10%--Business Interest Checking
0.10%--Classic Checking
0.10%--Sterling Checking

Jacksonville Bank Savings Account Rates

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0.75%$100k-Health Savings Account
0.25%--Personal Savings
0.25%--Business Savings
0.25%--Youth Savings

Jacksonville Bank Money Market Rates

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0.80%$100k-Personal Money Market
0.80%$100k-Business Money Market
0.60%--Personal Built for Growth Money Market
0.60%--Business Built for Growth Money Market

Jacksonville Bank CD Rates

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1.50%$1k-60 Month CD
1.50%$1k-Business 60 Month CD
1.00%$1k-36 - 59 Month CD
1.00%$1k-Business 36 - 59 Month CD
0.90%$1k-3 Year CD w/ Bump Up
0.90%$1k-Business 3 Year CD w/ Bump Up
0.75%$1k-24 - 35 Month CD
0.75%$1k-Business 24 - 35 Month CD
0.35%$1k-12 - 23 Month CD
0.35%$1k-Business 12 - 23 Month CD
0.25%$1k-6 - 11 Month CD
0.25%$1k-Business 6 - 11 Month CD
0.10%$1k-1 Month CD
0.10%$1k-3 - 5 Month CD
0.10%$1k-Business 1 Month CD
0.10%$1k-Business 3 - 5 Month CD

Jacksonville Bank IRA Rates

ApyMinMaxProduct
1.50%$1k-60 Month IRA
1.50%$1k-60 Month Roth IRA
1.00%$1k-36 - 59 Month IRA
1.00%$1k-36 - 59 Month Roth IRA
0.75%$1k-24 - 35 Month IRA
0.75%$1k-24 - 35 Month Roth IRA
0.35%$1k-12 - 23 Month IRA
0.35%$1k-12 - 23 Month Roth IRA

Rates updated: 2/8/2012

Data for Q3 2011


Institution Statistics


The Jacksonville Bank
FDIC Certificate #34941
BankRate ReportView
Year Established1999
Employees101
Primary RegulatorFDIC

Assets and Liabilities

Assets$601.76 million
Loans$465.89 million
Deposits$512.10 million
Equity Capital$68.32 million
Loan Loss Allowance$13.20 million
Unbacked Noncurrent Loans$51.64 million
Real Estate Owned$4.31 million

Historic Data - September 2010

Assets$426.59 million
Equity Capital$38.28 million
Loan Loss Allowance$8.92 million
Unbacked Noncurrent Loans$15.81 million
Real Estate Owned$6.30 million

Profit Margin - Quarterly

Net Interest Margin4.5%
Return on Assets0.79%
Return on Equity7.5%
Interest Income$23.59 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 Jacksonville Bank had $55.95 million in non-current loans and owned real-estate with $81.51 million in equity and loan loss allowances on hand to cover it. This gives Jacksonville Bank a Texas Ratio of 68.64% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Jacksonville Bank increased slightly from 46.83% as of September 30, 2010 to 68.64% as of September 30, 2011, resulting in a negative change of 46.58%. This indicates that the balance sheet and financial strength for Jacksonville Bank has declined slightly in recent periods.
Deposit Growth5
In the past year, Jacksonville Bank has increased its total deposits by $150.53 million, resulting in 41.63% 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 Jacksonville Bank has shown is excellent.
Capitalization5
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. Jacksonville Bank has $601.76 million in assets with $81.51 million in equity, resulting in a capitalization level of 13.55%, which is excellent.
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